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Citizens Bancshares (Citizens Bancshares) Credit Losses Provision : $-0.16 Mil (As of Sep. 2016)


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What is Citizens Bancshares Credit Losses Provision?

Citizens Bancshares's credit losses provision for the three months ended in Sep. 2016 was $0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2016 was $-0.16 Mil.

Citizens Bancshares's quarterly credit losses provision declined from Mar. 2016 ($0.08 Mil) to Jun. 2016 ($-0.18 Mil) but then increased from Jun. 2016 ($-0.18 Mil) to Sep. 2016 ($0.04 Mil).

Citizens Bancshares's annual credit losses provision declined from Dec. 2013 ($0.43 Mil) to Dec. 2014 ($0.08 Mil) but then increased from Dec. 2014 ($0.08 Mil) to Dec. 2015 ($0.10 Mil).

Citizens Bancshares Credit Losses Provision Historical Data

The historical data trend for Citizens Bancshares'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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Citizens Bancshares Credit Losses Provision Chart

Citizens Bancshares Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 2.40 0.43 0.08 0.10

Citizens Bancshares Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 -0.10 0.08 -0.18 0.04

Citizens Bancshares 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 Mil.

* 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.

Citizens Bancshares (Citizens Bancshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Bancshares Corp (OTCPK:CZBS) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
230 Peachtree Street NW, Suite 2700, Atlanta, GA, USA, 30303
Website
https://www.ctbconnect.com
Citizens Bancshares Corp is a bank holding company. The company provides a range of commercial banking to individual and corporate customers through its subsidiary. The bank offers a range of commercial and consumer deposit accounts, including non-interest-bearing checking accounts, individual retirement accounts, time certificates of deposit and regular savings accounts. Citizens Bancshares engages in a range of lending activities, including consumer/installment loans, mortgage loans, home equity lines of credit, and construction loans and commercial loans.
Executives
Cynthia N Day director, officer: President & CEO 75 PIEDMONT AVE, ATLANTA GA 30303