Foresight Financial Group (Foresight Financial Group) Credit Losses Provision : $1.11 Mil (As of Dec. 2023)

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What is Foresight Financial Group Credit Losses Provision?

Foresight Financial Group's credit losses provision for the six months ended in Dec. 2023 was $1.11 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1.11 Mil.

Foresight Financial Group's quarterly credit losses provision declined from Dec. 2021 ($0.76 Mil) to Dec. 2022 ($0.55 Mil) but then increased from Dec. 2022 ($0.55 Mil) to Dec. 2023 ($1.11 Mil).

Foresight Financial Group's annual credit losses provision declined from Dec. 2021 ($0.76 Mil) to Dec. 2022 ($0.55 Mil) but then increased from Dec. 2022 ($0.55 Mil) to Dec. 2023 ($1.11 Mil).

Foresight Financial Group Credit Losses Provision Historical Data

The historical data trend for Foresight Financial Group'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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Foresight Financial Group Credit Losses Provision Chart

Foresight Financial Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.13

3.79

0.76

0.55

1.11

Foresight Financial Group Semi-Annual Data
	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Credit Losses Provision	Get a 7-Day Free Trial					1.13	3.79	0.76	0.55	1.11

Foresight Financial Group 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. 2023 was $1.11 Mil.

Foresight Financial Group (Foresight Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Foresight Financial Group (OTCPK:FGFH) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

809 Cannell-Puri Court, P.O. Box 339, Suite 5, Winnebago, IL, USA, 61088

Website

https://www.foresightfg.com

Foresight Financial Group is a bank holding company. It is established under the Federal Reserve with offices in the Northern Illinois counties of Winnebago, Stephenson, and Kankakee. Holdings of the company include German American State Bank located in German Valley, Pecatonica, Seward, and Winnebago; State Bank of Davis located in Davis and Kankakee; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park, and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.

Foresight Financial Group (Foresight Financial Group) Headlines

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