Morris State Bancshares (Morris State Bancshares) Credit Losses Provision : $0.08 Mil (As of Mar. 2024)

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What is Morris State Bancshares Credit Losses Provision?

Morris State Bancshares's credit losses provision for the three months ended in Mar. 2024 was $0.01 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.08 Mil.

Morris State Bancshares's quarterly credit losses provision increased from Sep. 2023 ($-0.03 Mil) to Dec. 2023 ($0.25 Mil) but then declined from Dec. 2023 ($0.25 Mil) to Mar. 2024 ($0.01 Mil).

Morris State Bancshares's annual credit losses provision increased from Dec. 2021 ($2.00 Mil) to Dec. 2022 ($5.10 Mil) but then declined from Dec. 2022 ($5.10 Mil) to Dec. 2023 ($0.46 Mil).

Morris State Bancshares Credit Losses Provision Historical Data

The historical data trend for Morris State Bancshares'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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Morris State Bancshares Credit Losses Provision Chart

Morris State Bancshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.65

3.64

2.00

5.10

0.46

Morris State Bancshares 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															0.38	-0.14	-0.03	0.25	0.01

Morris State Bancshares 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 $0.08 Mil.

Morris State Bancshares (Morris State Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Morris State Bancshares Inc (OTCPK:MBLU) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

1300 Bellevue Avenue, Dublin, GA, USA, 31021

Website

https://www.morris.bank

Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.

Morris State Bancshares (Morris State Bancshares) Headlines

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