Omni Financial Services (Omni Financial Services) Credit Losses Provision : $5.09 Mil (As of Sep. 2007)

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What is Omni Financial Services Credit Losses Provision?

Omni Financial Services's credit losses provision for the three months ended in Sep. 2007 was $1.95 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2007 was $5.09 Mil.

Omni Financial Services's quarterly credit losses provision increased from Mar. 2007 ($0.99 Mil) to Jun. 2007 ($1.44 Mil) and increased from Jun. 2007 ($1.44 Mil) to Sep. 2007 ($1.95 Mil).

Omni Financial Services's annual credit losses provision declined from Dec. 2004 ($1.45 Mil) to Dec. 2005 ($1.26 Mil) but then increased from Dec. 2005 ($1.26 Mil) to Dec. 2006 ($2.58 Mil).

Omni Financial Services Credit Losses Provision Historical Data

The historical data trend for Omni Financial Services'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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Omni Financial Services Credit Losses Provision Chart

Omni Financial Services Annual Data

Trend

Dec01

Dec02

Dec04

Dec05

Dec06

Credit Losses Provision

0.03

0.43

1.45

1.26

2.58

Omni Financial Services Quarterly Data
	Dec01	Dec02	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
Credit Losses Provision	Get a 7-Day Free Trial												0.92	0.72	0.99	1.44	1.95

Omni Financial Services 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 Sep. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.09 Mil.

Omni Financial Services (Omni Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Omni Financial Services Inc (OTCPK:OFSI) » Definitions » Credit Losses Provision

Traded in Other Exchanges

N/A

Address

12610 New Brittany Boulevard, Suite 2300, Ft. Myers, FL, USA, 33907

Website

http://www.omnifinserv.com

Omni Financial Services Inc is a financial services firm, helping its clients improve their long-term financial success. It offers financial products and the advice and expertise of financial professionals in the industry. It provides financial solutions to individuals and businesses.

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