Housing troubles in Colorado and Arizona caused CoBiz Financial Inc. to swing to an $8.6 million loss in the fourth quarter, from a $5.5 million profit a year earlier.

The $2.7 billion-asset Denver company said late Wednesday that its nonperforming assets shot up over twelvefold from a year earlier and 52% from the third quarter, to $47 million, or 1.75% of its total assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.