What is United Community Financial 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.
United Community Financial's Net Charge Offs to Average Loans % for the quarter that ended in Sep. 2019 was 0.22%
, which is higher than
-0.02% for the pervious quarter ended in Jun. 2019.
United Community Financial's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2018 was -0.07%
, which is lower than
0.11% for the pervious year ended in Dec. 2017.
The historical rank and industry rank for United Community Financial's Net Charge Offs to Average Loans % or its related term are showing as below:
UCFC'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.
United Community Financial Net Charge Offs to Average Loans % Historical Data
The historical data trend for United Community Financial'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.
* Premium members only.
United Community Financial Net Charge Offs to Average Loans % Chart
United Community Financial (NAS:UCFC) 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
* 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.
United Community Financial (NAS:UCFC) 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.
United Community Financial Net Charge Offs to Average Loans % Related Terms
Thank you for viewing the detailed overview of United Community Financial's Net Charge Offs to Average Loans % provided by GuruFocus.com. Please click on the following links to see related term pages.
United Community Financial (United Community Financial) Business Description
United Community Financial Corporation is a US-based financial services company. The company operates as the holding company for The Home Savings and Loan company of Youngstown, Ohio. The bank provides an array of consumer banking, business banking, and investment services in Ohio and western Pennsylvania. It offers various deposit products, including passbook savings accounts, demand deposits, individual retirement accounts, checking accounts, money market accounts, and certificates of deposit. The bank's loan portfolio is segmented into four areas - commercial and commercial real estate loans, residential mortgage loans and consumer loans. The majority of the bank's loan portfolio is permanent real estate loans made to customers in the Home Savings' market area.
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