Two Rivers Financial Group (Two Rivers Financial Group) Credit Losses Provision : $0.82 Mil (As of Mar. 2024)

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What is Two Rivers Financial Group Credit Losses Provision?

Two Rivers Financial Group's credit losses provision for the three months ended in Mar. 2024 was $0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.82 Mil.

Two Rivers Financial Group's quarterly credit losses provision declined from Sep. 2023 ($0.08 Mil) to Dec. 2023 ($0.06 Mil) and declined from Dec. 2023 ($0.06 Mil) to Mar. 2024 ($0.03 Mil).

Two Rivers Financial Group's annual credit losses provision declined from Dec. 2021 ($0.51 Mil) to Dec. 2022 ($-0.44 Mil) but then increased from Dec. 2022 ($-0.44 Mil) to Dec. 2023 ($0.80 Mil).

Two Rivers Financial Group Credit Losses Provision Historical Data

The historical data trend for Two Rivers Financial Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Two Rivers Financial Group Credit Losses Provision Chart

Two Rivers Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

1.26

3.05

0.51

-0.44

0.80

Two Rivers Financial Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial													-	0.67	0.08	0.06	0.03

Two Rivers Financial Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.82 Mil.

Two Rivers Financial Group (Two Rivers Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Two Rivers Financial Group Inc (OTCPK:TRVR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 North Main Street, P.O. Box 728, Burlington, IA, USA, 52601

Website

https://www.tworivers.bank

Two Rivers Financial Group Inc is a bank holding company. The company offers banking and related services which include Personal Banking, Business Banking, Loans and credit cards and Wealth Management.

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