Provision for loan losses means an expense in the income statement to reflect an increase in the probability of losses due to uncollected loans;
Provision for loan losses means an expense account of the general ledger to which debit or credit adjustments to the allowance for loan losses account are charged.
Provision for loan losses means an amount set aside in the statement of financial position to recognise probable loan losses so that the true value of the loan portfolio is fairly stated;
Examples of Provision for loan losses in a sentence
Includes the Provision for Loan Losses and a provision for lending-related commitments included in Other Expenses.
Provision for Loan Losses Steady asset quality metricsVery difficult area to forecast.
FFELP Loan Provision for Loan Losses and Charge-Offs The following table summarizes the FFELP Loan provision for loan losses and charge-offs.
Private Education Loan Provision for Loan Losses and Charge-Offs The following table summarizes the total Private Education Loan provision for loan losses and charge-offs.
Provision for Loan Losses — The provision for loan losses was $4,525,000 for 2001, up from $1,864,000 for 2000.
More Definitions of Provision for loan losses
Provision for loan losses. The Savings Bank recorded provision for loan losses of $1.2 million for the year ended December 31, 2000 compared to $965,000 for 1999, resulting in total allowances for loan losses of $2.4 million, or .87% of total loans receivables and 54.98% of total nonperforming loans at December 31, 2000. The allowance for loan losses balance at December 31, 1999 was $1.6 million, or .58% of loans receivable. The allowance was increased due to purchases in the fourth quarter of commercial and commercial real estate loans and direct financing leases, which are considered of higher risk than the Bank's traditional loan products primarily secured by residential real estate. The allowance was also increased to bring the ratio of the allowance to gross loans closer to that of peer financial institutions, as recommended by the Savings Bank's regulators. The commercial real estate and commercial loan balances totaled $64.8 million at December 31, 2000 compared to $16.3 million at December 31, 1999.
Provision for loan losses or “Loan Loss Provision” means an income statement account used to increase or decrease the allowance for Loan Losses in order to maintain that account at a level adequate to absorb expected losses in the loan portfolio.
Provision for loan losses. The Company's provision for loan losses remained constant with no provision for either of the years ended June 30, 1999 or 1998. Management believed, on the basis of its analysis of the risk profile of the Company's assets, that it was appropriate to maintain the allowance for loan losses at $100,000, a level which had been reached previously. In determining the appropriate provision, management considers a number of factors, including specific loans in the Company's portfolio, real estate market trends in the Company's market area, economic conditions, interest rates, and other conditions that may affect a borrower's ability to comply with repayment terms. There can be no assurance that the allowance for loan losses (see "Comparison of Financial Condition--Assets") will be adequate to cover losses on nonperforming assets in the future.
Provision for loan losses means, as of any period of determination, the expense recorded for loan losses set forth on the Borrower’s income statement for such period, all in accordance with GAAP.
Provision for loan losses. The Company's provision for loan losses decreased from $5,000 for the year ended June 30, 1997 to no provision for the year ended June 30, 1998. While there can be no assurance that the allowance for loan losses (see "Comparison of Financial Condition--Assets") will be adequate to cover losses on nonperforming assets in the future, management believes that the allowance for loan losses was sufficient at June 30, 1998 and, consequently, made no provision for the year then ended.
Provision for loan losses. The Company's provision for losses on loans for the year ended June 30, 1997 was $5,000 compared to $12,000 for the year ended June 30, 1996. The Board of Directors periodically reviews the allowance for loan losses and has determined that, based on a variety of factors, this allowance was adequate. There can be no assurance that the allowance for loan losses will be adequate to cover losses on nonperforming assets in the future.
Provision for loan losses means a charge against income which is added to the Allowance for Loan Losses Account to ensure that the account is maintained at an adequate level in order to cover all anticipated loan losses, after taking into account any write-offs or recoveries of specific loans;