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.

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How dispatchable resources enable the clean energy transition

Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).

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.