Business briefs: Alpine Bank shows a profit, balance improves
December 29, 2012
Scott Condon, of the Aspen Times, reports that Alpine Bank of Colorado, with a branch in Steamboat Springs as well as 37 other towns on the Western Slope, has been shedding troubled assets and improving its balance sheet since 2010.
At the end of September, the bank had reduced its troubled assets to $71.8 million compared with $104.49 million at the same date in 2011, Condon wrote. He relied on the Bank Tracker website for that information.
Alpine Bank had $24.07 million in real estate it obtained through foreclosures as of the end of September. That was up from $13.46 million worth of real estate it owned a year ago.
Alpine Bank showed a profit of $16.93 million through the third quarter. The bank also has $38.62 million in reserves in case of additional loan losses. It has $249.39 million in capital.
Hope for narrow section of Colorado Highway 9
The Colorado Department of Transportation is one step closer to improving a difficult stretch of Colorado Highway 9 that is used heavily by Steamboat-area residents.
Nearly every Routt County resident and many visitors traverse the winding stretch of highway on the north side of Green Mountain Reservoir between the Green Mountain Dam Road and a bridge crossing the Colorado River. CDOT acknowledged in a prepared statement this week that the stretch of road between Steamboat and Silverthorne has been the scene of numerous accidents between motorists and wildlife in recent years.
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Now, the state Highway Commission has approved $450,000 in funding for right-of-way acquisition along the road that is a precursor to someday adding 8-foot shoulders to the road as well as straightening sharp curves and flattening steep hills to improve sight distance.
Prudential's Dresen takes pride in real estate video
Charlie Dresen, of Prudential Steamboat Realty, has become so adept at producing his own videos promoting his listings that in 2012 he sold a Steamboat home solely off the video.
With competing offers on the table, the successful buyer picked it up without making a visit to the home.
"My videos are getting national attention," Dresen said. "A video I made this year is the fifth-ranked video from http://www.wellcomemat.com in their list of the top 20 real estate videos for 2012 (http://beta.wellcomemat.com/neighborhood/9/real-estate-video-trends/54/wellcomemats-top-20-real-estate-videos-of-2012).
Not only does Dresen produce videos for all of his listings, he also makes video blogs each month.