Alpine Banks of Colorado (Alpine Banks of Colorado) Credit Losses Provision : $2.6 Mil (As of Mar. 2024)

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What is Alpine Banks of Colorado Credit Losses Provision?

Alpine Banks of Colorado's credit losses provision for the three months ended in Mar. 2024 was $-0.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $2.6 Mil.

Alpine Banks of Colorado's quarterly credit losses provision increased from Sep. 2023 ($0.3 Mil) to Dec. 2023 ($2.7 Mil) but then declined from Dec. 2023 ($2.7 Mil) to Mar. 2024 ($-0.7 Mil).

Alpine Banks of Colorado's annual credit losses provision declined from Dec. 2021 ($5.2 Mil) to Dec. 2022 ($2.6 Mil) but then increased from Dec. 2022 ($2.6 Mil) to Dec. 2023 ($3.7 Mil).

Alpine Banks of Colorado Credit Losses Provision Historical Data

The historical data trend for Alpine Banks of Colorado's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alpine Banks of Colorado Credit Losses Provision Chart

Alpine Banks of Colorado Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

12.10

5.23

2.60

3.70

Alpine Banks of Colorado Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial														0.35	0.40	0.30	2.66	-0.73

Alpine Banks of Colorado Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.6 Mil.

Alpine Banks of Colorado (Alpine Banks of Colorado) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Alpine Banks of Colorado (OTCPK:ALPIB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

2200 Grand Avenue, PO Box 10000, Glenwood Springs, CO, USA, 81601

Website

https://www.alpinebank.com

Alpine Banks of Colorado is engaged in providing personal, business, wealth management, mortgage, and electronic banking services. The company offers Personal Checking, Personal Loans. Digital Banking, credit cards, debit cards, merchant services Business Checking, Business Loans, and Other services.