Banks in state report drop in bad loans for 1Q

Banks in Colorado experienced a 36 percent decline in the value of nonperforming loans year-over-year in the first quarter, from $427 million to $270 million.

At the same time, banks in the state posted a 32 percent increase in net income year-over-year in the first quarter, from $89 million last year to $118 million this year.

Data from the Federal Deposit Insurance Corp. show that total assets increased by 1.7 percent from $45.3 million to $46.1 million, helped along by a 4 percent increase in total loans, from $24.5 million in the first quarter of 2013 to $25.6 million in the same period this year.

Deposits statewide increased by 2.5 percent during the quarter, from $38.6 million to $39.6 million.

Nationwide, FDIC-insured institutions saw a decrease in net income from $40.3 billion in the first quarter of 2013 to $37.2 million in first quarter of 2014, a 7.6 percent difference.


Comments

Leave a Reply

Connect with:

Your email address will not be published. Required fields are marked *

author email

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Molly Armbrister covers real estate, banking and health care for the Northern Colorado Business Report. She can be reached at 970-232-3139, marmbrister@ncbr.com or twitter.com/MArmbristerNCBR
Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon