Citizens National (Citizens National) Credit Losses Provision : $0.35 Mil (As of Mar. 2006)

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What is Citizens National Credit Losses Provision?

Citizens National's credit losses provision for the three months ended in Mar. 2006 was $0.08 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2006 was $0.35 Mil.

Citizens National's quarterly credit losses provision increased from Sep. 2005 ($0.06 Mil) to Dec. 2005 ($0.16 Mil) but then declined from Dec. 2005 ($0.16 Mil) to Mar. 2006 ($0.08 Mil).

Citizens National's annual credit losses provision stayed the same from Dec. 2003 ($0.18 Mil) to Dec. 2004 ($0.18 Mil) but then increased from Dec. 2004 ($0.18 Mil) to Dec. 2005 ($0.31 Mil).

Citizens National Credit Losses Provision Historical Data

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

Citizens National Annual Data

Trend

Dec03

Dec04

Dec05

Credit Losses Provision

0.18

0.31

Citizens National Quarterly Data
	Sep92	Dec92	Mar93	Jun93	Sep93	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06
Credit Losses Provision	Get a 7-Day Free Trial									0.05	0.05	0.06	0.16	0.08

Citizens National 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. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.35 Mil.

Citizens National (Citizens National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens National Corp (OTCPK:CZNL) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Broadway, Paintsville, KY, USA, 41240

Website

https://www.wercitizens.bank

Citizens National Corp provides banking services. The company provides all necessary banking services and products to its customers. Its deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from the operations of businesses.

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