ASPEN REAL ESTATE — Despite taking a $23 million loss during the first quarter of the year, Alpine Bank improved one important measure of its health, according to an organization dedicated to monitoring financial institutions.Alpine Bank lowered its “troubled asset” ratio from 43.4 percent at the end of December to 36.1 percent at the end of March, according to Banktracker, which tabulates information that banks submit to the Federal Deposit Insurance Corp. each quarter.The troubled asset ratio compares the sum of all troubled assets with the sum of capital, plus the loan loss reserve compiled by a bank. The ratio is used to gauge how much stress a bank is under. The banking industry considers an institution in threat of failure when its ratio is 100 percent, a figure known as the “Texas ratio.”
By Scott Condon, July 20, 2010 Aspen Times

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The figures for other Aspen banks that are based elsewhere were:

  • Timberline Bank, with headquarters in Grand Junction, had a troubled asset to capital plus reserve ratio of 17.1 percent at the end of the first quarter, according to Banktracker. That was up slightly from the end of December.Timberline had $4.05 million in troubled assets and $23.61 million in capital plus reserves.
  • American National Bank, based in Denver, had troubled assets of $43.2 million and capital plus reserves of $198.68 million for a ratio of 21.7 percent.
  • Community Banks of Colorado, with headquarters in Greenwood Village, had troubled assets of $140.6 million and capital plus reserve of $159.5 million for a ratio of 88.1 percent.
  • U.S. Bank, based in Cincinnati, Ohio, had troubled assets of $6 billion and capital plus reserves of $22 billion for a ratio of 27.2 percent.

For more Banktracker’s analysis of information reported by the banks to the FDIC, click on the “find a bank” link.