WCFB (WCF Bancorp) Credit Losses Provision : $0.08 Mil (As of Dec. 2018)

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What is WCF Bancorp Credit Losses Provision?

WCF Bancorp's credit losses provision for the six months ended in Dec. 2018 was $0.08 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2018 was $0.08 Mil.

WCF Bancorp's quarterly credit losses provision increased from Dec. 2016 ($0.06 Mil) to Dec. 2017 ($0.08 Mil) and increased from Dec. 2017 ($0.08 Mil) to Dec. 2018 ($0.08 Mil).

WCF Bancorp's annual credit losses provision increased from Dec. 2016 ($0.06 Mil) to Dec. 2017 ($0.08 Mil) and increased from Dec. 2017 ($0.08 Mil) to Dec. 2018 ($0.08 Mil).

WCF Bancorp Credit Losses Provision Historical Data

The historical data trend for WCF 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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WCF Bancorp Credit Losses Provision Chart

WCF Bancorp Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

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0.02

0.19

0.06

0.08

WCF Bancorp Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec15	Dec16	Dec17	Dec18
Credit Losses Provision	Get a 7-Day Free Trial									0.02	0.19	0.06	0.08	0.08

WCF 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2018 was $0.08 Mil.

WCF Bancorp Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Fair Meadow Drive, P.O. Box 638, Webster City, IA, USA, 50595

Website

https://www.wcfbank.com

WCF Bancorp Inc is a bank holding company for WCF Financial Bank. The bank conducts business from full-service offices located in Hamilton, Buchanan, and Tama counties, all in Iowa. The primary business activities include accepting deposits from individual, corporate, and public clients and investing those deposits in real estate, agricultural, commercial, and personal loans. Its various banking and financial services and product offerings include credit and debit cards, loans, checking accounts, business loans, agricultural loans, business credit cards, and money market accounts, among others.

Executives

Michelle Zahn	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Bradley Mickelson	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Paul L Moen	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Michael R Segner	director, officer: President and CEO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Thomas J Hromatka	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVENUE, FORT DODGE IA 50501
Kevin Eason	officer: EVP and CCO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
C Thomas Chalstrom	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVE PO BOX 1237, FORT DODGE IA 50501
Kyle R Swon	director, officer: SVP	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Stephen L Mourlam	director, officer: President and CEO	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Leo Moriarity	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Harold J Pursley	director, other: Chairman	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Kasie L Doering	officer: CFO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595