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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.
Northeast Bank's Net Charge Offs to Average Loans % for the annual that ended in Jun. 2018 was 0.03% , which is lower than 0.04% for the pervious year ended in Jun. 2017.
The historical rank and industry rank for Northeast Bank's Net Charge Offs to Average Loans % or its related term are showing as below:
The historical data trend for Northeast Bank'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.
Northeast Bank Annual Data | |||||||
Trend | Jun16 | Jun17 | Jun18 | ||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial |
Northeast BankQuarterly Data | |||||||||||||||||||||||||
Trend | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | |||||||||||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||||||||||||||||||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial |
For the Banks - Regional subindustry, Northeast Bank's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
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.
Northeast Bank (NAS:NBN) 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.
Thank you for viewing the detailed overview of Northeast Bank's Net Charge Offs to Average Loans % provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Wayne | director, officer: Chief Executive Officer | C/O CAPITAL CROSSING PREFERRED CORP, 101 SUMMER ST, BOSTON MA 02110 |
Jean-pierre Lapointe | officer: CFO / TREASURER | C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240 |
Julie Jenkins | officer: SVP/Director of Operations | C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240 |
David Allen Tanner | director | C/O ARLON GROUP LLC, 277 PARK AVE, NEW YORK NY 10172 |
Patrick D Dignan | officer: Executive Vice President | C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240 |
Peter Walter Mcclean | director | C/O PNMAC CAPITAL MANAGEMENT, LLC, 27001 AGOURA ROAD, CALABASAS CA 91301 |
Magnolia Capital Fund, Lp | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Magnolia Group, Llc | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Adam K Peterson | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Lindsay Wiedemann | officer: Corporate Controller | C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240 |
Claire S Bean | officer: CFO and COO | C/O BENJAMIN FRANKLIN BANK, 58 MAIN STREET, P.O. BOX 309, FRANKLIN MA 02038-0309 |
Brian Pinheiro | officer: Chief Risk Officer | NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240-6594 |
Brian W. Shaughnessy | officer: Chief Financial Officer | NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240-6594 |
John C Orestis | director | NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240 |
William F. Difulvio | officer: Chief Risk Officer | NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240 |
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