CW Bancorp (CW Bancorp) Credit Losses Provision : $-1.40 Mil (As of Mar. 2024)

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What is CW Bancorp Credit Losses Provision?

CW Bancorp's credit losses provision for the three months ended in Mar. 2024 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.40 Mil.

CW Bancorp's quarterly credit losses provision increased from Sep. 2023 ($-1.50 Mil) to Dec. 2023 ($0.00 Mil) but then stayed the same from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($0.00 Mil).

CW Bancorp's annual credit losses provision increased from Dec. 2021 ($0.53 Mil) to Dec. 2022 ($1.20 Mil) but then declined from Dec. 2022 ($1.20 Mil) to Dec. 2023 ($-1.33 Mil).

CW Bancorp Credit Losses Provision Historical Data

The historical data trend for CW Bancorp'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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CW Bancorp Credit Losses Provision Chart

CW Bancorp Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.87

6.59

0.53

1.20

-1.33

CW Bancorp Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.08	0.10	-1.50	-	-

CW Bancorp 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.40 Mil.

CW Bancorp (CW Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CW Bancorp (OTCPK:CWBK) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

2445 McCabe Way, Suite 300, Irvine, CA, USA, 92614

Website

https://www.cwbk.com

CW Bancorp provides high-quality, low-stress, and personally tailored banking and financial services. It offers savings, interest checking, money market, personal and business checking, non-interest checking, loans as well as certificates of deposit and IRA certificates of deposit.