Flushing Financial (FRA:FL8) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Flushing Financial Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Flushing Financial's Net Charge Offs to Average Loans % or its related term are showing as below:

FRA:FL8's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Flushing Financial Net Charge Offs to Average Loans % Historical Data

The historical data trend for Flushing Financial's Net Charge Offs to Average Loans % 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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Flushing Financial Net Charge Offs to Average Loans % Chart

Flushing Financial (FRA:FL8) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Flushing Financial (FRA:FL8) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

Flushing Financial Net Charge Offs to Average Loans % Related Terms

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Flushing Financial (FRA:FL8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Flushing Financial Corp (FRA:FL8) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

FFIC:USA

Address

220 RXR Plaza, Uniondale, NY, USA, 11556

Website

https://www.flushingbank.com

Flushing Financial Corp operates as a bank holding company, which is engaged in the provision of banking and financial services. The bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans.

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