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William Penn Bancorporation (William Penn Bancorporation) Credit Losses Provision : $-0.48 Mil (As of Mar. 2024)


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What is William Penn Bancorporation Credit Losses Provision?

William Penn Bancorporation's credit losses provision for the three months ended in Mar. 2024 was $-0.51 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.48 Mil.

William Penn Bancorporation's quarterly credit losses provision increased from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.03 Mil) but then declined from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($-0.51 Mil).

William Penn Bancorporation's annual credit losses provision declined from Jun. 2021 ($0.13 Mil) to Jun. 2022 ($-0.02 Mil) but then increased from Jun. 2022 ($-0.02 Mil) to Jun. 2023 ($0.00 Mil).

William Penn Bancorporation Credit Losses Provision Historical Data

The historical data trend for William Penn Bancorporation'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.

* Premium members only.

William Penn Bancorporation Credit Losses Provision Chart

William Penn Bancorporation Annual Data
Trend Jun09 Jun10 Jun11 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.63 0.13 -0.02 -

William Penn Bancorporation Quarterly Data
Jun18 Jun19 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 - - 0.01 0.03 -0.51

William Penn Bancorporation 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 $-0.48 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.

William Penn Bancorporation (William Penn Bancorporation) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » William Penn Bancorporation (NAS:WMPN) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
10 Canal Street, Suite 104, Bristol, PA, USA, 19007
Website
https://www.williampenn.bank
William Penn Bancorporation operates as an independent community financial services provider. The bank offers traditional banking and related financial services to individual, business, and government customers. Through its branch and automated teller machine network, the bank offers a full array of commercial and retail financial services, including; the taking of time, savings, and demand deposits; the making of the commercial, consumer, and mortgage loans; and the providing of other financial services.
Executives
Christopher Matthew Molden director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Kenneth John Stephon director, officer: President & CEO C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET , SUITE 104, BRISTOL PA 19007
Alan B Turner officer: EVP & CLO C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Jeannine Cimino officer: EVP & CRO C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Charles Corcoran director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Carmody Donald Michael Jr. director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Glenn Davis director C/O WILLIAM PENN BANCORP, INC., 8150 ROUTE 13, LEVITTOWN PA 19057
Terry L Sager director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Jonathan Thomas Logan officer: SVP & CFO C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Amy Jean Hannigan officer: EVP & Dir. Corp. Development C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Vincent Peter Sarubbi director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Jill Mcmenamin Ross officer: EVP & CRCO C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Craig Burton director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
Parry William B K Jr director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007
William Charles Niemczura director C/O WILLIAM PENN BANCORPORATION, 10 CANAL STREET, SUITE 104, BRISTOL PA 19007