After a long and tortured road, Advantage Bank is showing signs of recovery.

Northern Colorado’s last “troubled” bank is raising capital and getting healthier quarter-by-quarter. A branch sale in April and a capital campaign launched in November have both boosted some of the most important indicators of a bank’s health.

The sale of the Boulder branch of Advantage to Citywide Banks closed in April, according to Advantage CEO Tom Chinnock.

The sale reduced the bank’s asset base by approximately $50 million, but trimming operations was a better tactic than holding onto the branch since its sale brought money in.

Loveland-based Advantage now has three branches, all located in Northern Colorado.

The capital campaign, meanwhile, raised $3.5 million through March 31, and Chinnock said he believes that even more will be brought in as the year progresses.

“The campaign is ongoing and I am optimistic that additional capital will be raised this quarter and next,” he said.

The campaign involves a stock offering to shareholders of the bank’s holding company, Advantage Bancorp Inc. Terms of the stock offering were not disclosed