ALPIB - Alpine Banks of Colorado: Moving To The Sidelines On Increase In Non-Accruing Loans

2024-05-17 10:30:00 ET

Summary

• Alpine Banks of Colorado's Q1 results were weak due to higher non-interest expenses, despite recovering some loan loss provisions.
• The net interest margin decreased slightly, impacting the bank's net interest income.
• The bank's loan book decreased to just over $3.98B, with some loans past due and non-accruing.

Introduction

I have always had a weak spot for smaller regional banks, and as it has been a while since I last discussed Alpine Banks of Colorado ( OTCQX:ALPIB ), an update is overdue, especially as the Q1 results came in pretty light due to higher non-interest expenses and despite the bank recovering a portion of previously recorded loan loss provisions....

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