PFS Bancorp (PFS Bancorp) Credit Losses Provision : $0.11 Mil (As of Mar. 2024)

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What is PFS Bancorp Credit Losses Provision?

PFS Bancorp's credit losses provision for the three months ended in Mar. 2024 was $0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $0.11 Mil.

PFS Bancorp's quarterly credit losses provision declined from Sep. 2023 ($0.07 Mil) to Dec. 2023 ($0.02 Mil) but then increased from Dec. 2023 ($0.02 Mil) to Mar. 2024 ($0.03 Mil).

PFS Bancorp's annual credit losses provision increased from . 20 ($0.00 Mil) to Dec. 2022 ($0.06 Mil) and increased from Dec. 2022 ($0.06 Mil) to Dec. 2023 ($0.10 Mil).

PFS Bancorp Credit Losses Provision Historical Data

The historical data trend for PFS Bancorp'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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PFS Bancorp Credit Losses Provision Chart

PFS Bancorp Annual Data

Trend

Dec22

Dec23

Credit Losses Provision

0.06

0.10

PFS Bancorp Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial			-0.01	0.01	0.07	0.02	0.03

PFS Bancorp 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.

PFS Bancorp (PFS Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PFS Bancorp Inc (OTCPK:PFSB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1730 Fourth Street, Peru, IL, USA, 61354

Website

https://www.perufederalsavings.com

PFS Bancorp Inc is a federal chartered mutual savings bank. The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in northern Illinois, primarily LaSalle County, from its two facilities located in Peru, Illinois.

Executives

Jonathan F. Brandt	director, other: Vice Chairman of the Board	1730 FOURTH STREET, PERU IL 61354
Brady James J. Iv	director	1730 FOURTH STREET, PERU IL 61354
Cynthia L. Kurkowski	director	1730 FOURTH STREET, PERU IL 61354
Eric J. Heagy	director, officer: President/CEO/CFO/Treasurer	1730 FOURTH STREET, PERU IL 61354
Dale R. Tieman	director, officer: EVP/COO/Corporate Secretary	1730 FOURTH STREET, PERU IL 61354
Michael J. Rooney	director, other: Chairman of the Board	1730 FOURTH STREET, PERU IL 61354
Christopher J. Vaske	officer: SVP and CLO	1730 FOURTH STREET, PERU IL 61354

PFS Bancorp (PFS Bancorp) Headlines

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