Dimeco (Dimeco) Credit Losses Provision : $1.10 Mil (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Dimeco Credit Losses Provision?

Dimeco's credit losses provision for the three months ended in Mar. 2024 was $0.42 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $1.10 Mil.

Dimeco's quarterly credit losses provision declined from Sep. 2023 ($0.40 Mil) to Dec. 2023 ($0.28 Mil) but then increased from Dec. 2023 ($0.28 Mil) to Mar. 2024 ($0.42 Mil).

Dimeco's annual credit losses provision declined from Dec. 2021 ($1.20 Mil) to Dec. 2022 ($-0.83 Mil) but then increased from Dec. 2022 ($-0.83 Mil) to Dec. 2023 ($0.83 Mil).

Dimeco Credit Losses Provision Historical Data

The historical data trend for Dimeco'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.

* Premium members only.

Dimeco Credit Losses Provision Chart

Dimeco Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

0.75

3.50

1.20

-0.83

0.83

Dimeco Quarterly Data
	Sep12	Dec12	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-1.10	-0.13	0.40	0.28	0.42

Dimeco 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 $1.10 Mil.

Dimeco (Dimeco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dimeco Inc (OTCPK:DIMC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

820 Church Street, P.O Box 509, Honesdale, PA, USA, 18431

Website

https://www.thedimebank.com

Dimeco Inc is a United States-based holding company. It provides a range of lending, depository, and financial services to individuals and small to medium-sized businesses. The bank offers an array of financial services and solutions ranging from traditional products to electronic banking, and wealth management services. It also offers personal banking services, business banking services, loans, and credit facilities and others.

Executives

Henry M Skier	director
Todd J Stephens	director	820 CHURCH STREET, HONESDALE PA 18431
Gary C Beilman	officer: Chief Executive Officer
Robert E Genirs	director
Pete Bochnovich	officer: Vice President
Barbara J Genzlinger	director
John F Spall	director
William E Schwarz	director
Thomas A Peifer	director
Maureen H Beilman	officer: Chief Financial Officer
John S Kiesendahl	director
Joseph J Murray	officer: President

Dimeco (Dimeco) Headlines

No Headlines