Ledyard Financial Group (Ledyard Financial Group) Credit Losses Provision : $1.13 Mil (As of Mar. 2024)

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What is Ledyard Financial Group Credit Losses Provision?

Ledyard Financial Group's credit losses provision for the three months ended in Mar. 2024 was $0.49 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $1.13 Mil.

Ledyard Financial Group's quarterly credit losses provision increased from Sep. 2023 ($-0.30 Mil) to Dec. 2023 ($0.71 Mil) but then declined from Dec. 2023 ($0.71 Mil) to Mar. 2024 ($0.49 Mil).

Ledyard Financial Group's annual credit losses provision declined from Dec. 2021 ($-0.45 Mil) to Dec. 2022 ($-3.63 Mil) but then increased from Dec. 2022 ($-3.63 Mil) to Dec. 2023 ($0.67 Mil).

Ledyard Financial Group Credit Losses Provision Historical Data

The historical data trend for Ledyard 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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Ledyard Financial Group Credit Losses Provision Chart

Ledyard Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.70

-0.45

-3.63

0.67

Ledyard Financial Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.02	0.23	-0.30	0.71	0.49

Ledyard 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.

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 $1.13 Mil.

Ledyard Financial Group (Ledyard Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ledyard Financial Group Inc (OTCPK:LFGP) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Maple Street, Hanover, NH, USA, 03755

Website

https://www.ledyardbank.com

Ledyard Financial Group Inc is a bank holding company. The company, through its subsidiary, operates in two segments: banking and wealth advisory services. The Banking segment consists of lending to commercial and consumer customers, as well as deposit-gathering activities. The Wealth advisory services include financial planning services, investment management services, personal tax services, trustee services, and estate planning. All of its revenues come from the Banking segment.

Ledyard Financial Group (Ledyard Financial Group) Headlines

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Ledyard Financial Group Inc at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-14-2024