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FVCBankcorp (FVCBankcorp) Credit Losses Provision : $-0.11 Mil (As of Mar. 2024)


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What is FVCBankcorp Credit Losses Provision?

FVCBankcorp'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 $-0.11 Mil.

FVCBankcorp's quarterly credit losses provision increased from Sep. 2023 ($-0.73 Mil) to Dec. 2023 ($0.00 Mil) but then stayed the same from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($0.00 Mil).

FVCBankcorp's annual credit losses provision increased from Dec. 2021 ($-0.50 Mil) to Dec. 2022 ($2.63 Mil) but then declined from Dec. 2022 ($2.63 Mil) to Dec. 2023 ($0.13 Mil).

FVCBankcorp Credit Losses Provision Historical Data

The historical data trend for FVCBankcorp'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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FVCBankcorp Credit Losses Provision Chart

FVCBankcorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 5.02 -0.50 2.63 0.13

FVCBankcorp Quarterly Data
Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.62 -0.73 - -

FVCBankcorp 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 $-0.11 Mil.

* 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.

FVCBankcorp (FVCBankcorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FVCBankcorp Inc (NAS:FVCB) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
11325 Random Hills Road, Suite 240, Fairfax, VA, USA, 22030
Website
https://www.fvcbank.com
FVCBankcorp Inc is a registered bank holding company. It operates primarily through the sole subsidiary, FVCbank which is a community-oriented, locally-owned and managed commercial bank. It offers commercial banking services to small and medium-sized businesses, professionals, non-profit organizations and associations, and investors. It also provides retail banking services to accommodate the individual needs of both corporate customers as well as the communities it serves. The bank provides other facilities such as online banking, mobile banking, remote deposit service and lending products, among others. Its primary source of revenue is the net interest income.
Executives
William G Byers officer: Chief Lending Officer 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
David W Pijor director, officer: Chairman/Chief Executive Offic 11325 RANDOM HILLS RD, STE 240, FAIRFAX VA 22030
Wills Phillip R. Iii director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
B. Todd Dempsey officer: Chief Operating Officer 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Lawrence W Schwartz director 11325 RANDOM HILLS RD, STE 240, FAIRFAX VA 22030
Patterson Thomas L /va/ director 11325 RANDOM HILLS RD, STE 240, FAIRFAX VA 22030
Jennifer L Deacon officer: Chief Financial Offier 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Patricia A Ferrick director, officer: President 6811 HARTWOOD LANE, CENTREVILLE VA 20121
Daniel M. Testa director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Scott Laughlin director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Devin Satz director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Marc N. Duber director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Sharon L. Jackson officer: EVP, Chief Deposit Officer 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030
Morton A Bender director 11325 RANDOM HILLS ROAD, STE 240, FAIRFAX VA 22030
Meena Krishnan director 11325 RANDOM HILLS ROAD, SUITE 240, FAIRFAX VA 22030