Excluding the after tax impact of the negative loan loss provision
, net income would have been USD4.
Results were driven by strong core business performance, effective asset and liability management and reduction in loan loss provision
, the bank said in a statement.
Determinants of Signaling by Banks through Loan Loss Provision
The bank holds a non-specific loan loss provision
05 million in "other operating expenses," of which there were only $792,000 in all of 2000; and a loan loss provision
of $798,000, almost five times the loan loss provision
Suffolk increased its loan loss provision
by more than three times the amount it had set aside a year earlier.
4bn, has said that it will record a special loan loss provision
of USD25m during the third quarter of 2011, related to its USD76.
The loan loss provision
for the quarter was raised to $586,000 from $291,000.
3 million in loan loss provision
and $727,000 in provision for loss on real estate owned), compared to a total of $8.
Earnings Significantly Lower From Huron Valley State Bank Expansion and Loan Loss Provision
Loan loss provision
was $3,219,000 for 1992 compared to $4,674,000 in 1991.
The company's profitability has remained strong, owing to a rapidly expanding asset base, tight non-interest cost control and historically low provisioning, but also challenged by narrowing margins, branch expansion, growing loan loss provision
and the increasingly competitive environment.