Westbury Bancorp (Westbury Bancorp) Credit Losses Provision : $1.05 Mil (As of Sep. 2021)

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What is Westbury Bancorp Credit Losses Provision?

Westbury Bancorp's credit losses provision for the three months ended in Sep. 2021 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2021 was $1.05 Mil.

Westbury Bancorp's quarterly credit losses provision increased from Mar. 2021 ($0.00 Mil) to Jun. 2021 ($0.50 Mil) but then declined from Jun. 2021 ($0.50 Mil) to Sep. 2021 ($0.00 Mil).

Westbury Bancorp's annual credit losses provision increased from Sep. 2019 ($0.85 Mil) to Sep. 2020 ($1.28 Mil) but then declined from Sep. 2020 ($1.28 Mil) to Sep. 2021 ($1.05 Mil).

Westbury Bancorp Credit Losses Provision Historical Data

The historical data trend for Westbury Bancorp'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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Westbury Bancorp Credit Losses Provision Chart

Westbury Bancorp Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Credit Losses Provision

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0.45

0.40

0.85

1.28

1.05

Westbury Bancorp Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Credit Losses Provision	Get a 7-Day Free Trial															0.57	0.55	-	0.50	-

Westbury Bancorp 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.05 Mil.

Westbury Bancorp (Westbury Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westbury Bancorp Inc (OTCPK:WBBW) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

N16W23250 Stone Ridge Drive, Suite 5, Waukesha, WI, USA, 53188

Website

http://www.westburybankwi.com

Westbury Bancorp Inc is the savings and loan holding company for Westbury Bank. It provides a variety of financial services to individuals and small businesses throughout Southeastern Wisconsin. Its principal business consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, and borrowings, in commercial and multifamily real estate loans, and commercial business loans. The bank's primary deposit products are checking, savings, money market and term certificate accounts and its primary lending products are consumers, commercial and residential mortgage loans.

Executives

Martin S. Friedman	10 percent owner, other: (See Remarks below)	7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102
Michael C Holland	officer: SVP/Chief Compliance Officer	200 SOUTH MAIN STREET WEST BEND WI 53095
Steven L. Ritt	officer: Senior VP & General Counsel	200 SOUTH MAIN STREET C/O WESTBURY BANCORP, INC. WEST BEND WI 53095
Donald J. Murn	director	200 SOUTH MAIN STREET C/O WESTBURY BANCORP, INC. WEST BEND WI 53095
Stephen Sinner	director, officer: Chief Operating Officer	200 SOUTH MAIN STREET C/O WESTBURY BANCORP, INC. WEST BEND WI 53095
Rondi Rohr-dralle	director	200 SOUTH MAIN STREET WEST BEND WI 53095
Peter Emmett Lee	officer: EVP - Community Banking	200 SOUTH MAIN STREET WEST BEND WI 53095
Greg J Remus	director, officer: President and CEO	200 SOUTH MAIN STREET WEST BEND WI 53095
Glenn Stadler	officer: EVP/Chief Commercial Lending	200 SOUTH MAIN STREET WEST BEND WI 53095
Raymond F Lipman	director, officer: Chairman	200 SOUTH MAIN STREET WEST BEND WI 53095
James A Spella	director	200 SOUTH MAIN STREET WEST BEND WI 53095
Kirk J Emerich	officer: EVP and CFO	200 SOUTH MAIN STREET WEST BEND WI 53095
David G Jorgensen	director	200 SOUTH MAIN STREET WEST BEND WI 53095
Andrew J Gumm	director	200 SOUTH MAIN STREET WEST BEND WI 53095
William D Gehl	director	C/O GEHL COMPANY, 143 WATER STREET, WEST BEND WI 53095