South Atlantic Bancshares (South Atlantic Bancshares) Allowance For Loans And Lease Losses : $-11.04 Mil (As of Mar. 2024)

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What is South Atlantic Bancshares Allowance For Loans And Lease Losses?

South Atlantic Bancshares's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-11.04 Mil.

South Atlantic Bancshares's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 ($-10.46 Mil) to Dec. 2023 ($-10.36 Mil) but then declined from Dec. 2023 ($-10.36 Mil) to Mar. 2024 ($-11.04 Mil).

South Atlantic Bancshares's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-8.16 Mil) to Dec. 2022 ($-10.11 Mil) and declined from Dec. 2022 ($-10.11 Mil) to Dec. 2023 ($-10.36 Mil).

South Atlantic Bancshares Allowance For Loans And Lease Losses Historical Data

The historical data trend for South Atlantic Bancshares's Allowance For Loans And Lease Losses 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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South Atlantic Bancshares Allowance For Loans And Lease Losses Chart

South Atlantic Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-5.24

-6.82

-8.16

-10.11

-10.36

South Atlantic Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-10.28	-10.46	-10.46	-10.36	-11.04

South Atlantic Bancshares Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

South Atlantic Bancshares Allowance For Loans And Lease Losses Related Terms

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South Atlantic Bancshares (South Atlantic Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Atlantic Bancshares Inc (OTCPK:SABK) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

630 29th Avenue North, Myrtle Beach, SC, USA, 29577

Website

https://www.southatlantic.bank

South Atlantic Bancshares Inc is A United States-based bank holding company. The business activity of the bank is to provide banking services to domestic markets. Its product offering includes Personal and business checking, Savings, and Money market accounts, along with Residential mortgages, Commercial Loans, and Lines of credit. The bank also offers other services like mobile banking application, treasury, remote deposit capture, and merchant card services; telephone and online banking, and ATM services; and debit and credit cards.