Eastern Michigan Financial (Eastern Michigan Financial) Credit Losses Provision : $0.30 Mil (As of Dec. 2006)

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What is Eastern Michigan Financial Credit Losses Provision?

Eastern Michigan Financial's credit losses provision for the six months ended in Dec. 2006 was $0.30 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2006 was $0.30 Mil.

Eastern Michigan Financial's quarterly credit losses provision increased from Dec. 2004 ($0.33 Mil) to Dec. 2005 ($0.36 Mil) but then declined from Dec. 2005 ($0.36 Mil) to Dec. 2006 ($0.30 Mil).

Eastern Michigan Financial's annual credit losses provision increased from Dec. 2004 ($0.33 Mil) to Dec. 2005 ($0.36 Mil) but then declined from Dec. 2005 ($0.36 Mil) to Dec. 2006 ($0.30 Mil).

Eastern Michigan Financial Credit Losses Provision Historical Data

The historical data trend for Eastern Michigan Financial'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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Eastern Michigan Financial Credit Losses Provision Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Credit Losses Provision

0.43

1.86

0.33

0.36

0.30

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Credit Losses Provision	0.43	1.86	0.33	0.36	0.30

Eastern Michigan Financial 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2006 was $0.30 Mil.

Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

Eastern Michigan Financial (Eastern Michigan Financial) Headlines

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