Orrstown Financial Services (FRA:OFR) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Orrstown Financial Services Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Orrstown Financial Services's Net Charge Offs to Average Loans % or its related term are showing as below:

FRA:OFR's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Orrstown Financial Services Net Charge Offs to Average Loans % Historical Data

The historical data trend for Orrstown Financial Services's Net Charge Offs to Average Loans % 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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Orrstown Financial Services Net Charge Offs to Average Loans % Chart

Orrstown Financial Services (FRA:OFR) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Orrstown Financial Services (FRA:OFR) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

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Orrstown Financial Services (FRA:OFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Orrstown Financial Services Inc (FRA:OFR) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

ORRF:USA

Address

77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257

Website

https://www.orrstown.com

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.

Orrstown Financial Services (FRA:OFR) Headlines

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