Alpine Bank in Glenwood Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Alpine Bank in Glenwood Springs, Colorado (CO)
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Alpine Bank - Overview

  • General
  • FDIC Certificate #: 23091
    Status: Active
    Federal Reserve ID: 260055
    Bank Holding Company (Regulatory Top Holder): Alpine Banks Of Colorado (RSSDID: 1061679, Location: Glenwood Springs, CO)
    Date Established: April 01, 1980
    WWW: http://www.alpinebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 43 (Domestic: 43, Interstate: No)
    OTS Docket #: 10415
    FDIC's unique #: 16177
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 01, 1980
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2200 Grand Avenue, Glenwood Springs, CO 81601
    County: Garfield
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,256.5 mil
    Equity capital: $269.6 mil
    Deposits held in domestic offices: $1,918.7 mil
    Return on assets (ROA): 0.59% ($13.3 mil)
    Quarterly return on assets: 0.32% ($7.2 mil)
    Return on Equity (ROE): 5.15% ($13.9 mil)
    Quarterly return on equity: 2.69% ($7.3 mil)
    Net income: $13.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 0.71% ($16,021.2 mil)
    Quarterly Pretax return on assets: 0.38% ($8,574.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 493Total employees (full-time equivalent)
  • $2,256,513Total assets
  • $279,247Cash and due from depository institutions
  • $213,701Interest-bearing balances
  • $419,985Securities
  • $20,000Federal funds sold & reverse repurchase agreements
  • $1,326,151Net loans & leases
  • $45,921Loan loss allowance
  • $122Trading account assets
  • $75,850Bank premises and fixed assets
  • $17,937Other real estate owned
  • $18,315Goodwill and other intangibles
  • $2,256,513Life insurance assets
  • $98,906All other assets
  • $1,985,886Total liabilities and capital
  • $1,918,670Total liabilities
  • $1,422,518Total deposits
  • $1,918,670Interest-bearing deposits
  • $48Deposits held in domestic offices
  • 37631.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,332Trading liabilities
  • $0Other borrowed funds
  • $15,253Subordinated debt
  • $270,627All other liabilities
  • $269,565Total equity capital
  • $269,565Total bank equity capital
  • $0Perpetual preferred stock
  • $4,410Common stock
  • $97,485Surplus
  • $167,670Undivided profits
  • Memoranda
  • $1,062Noncurrent loans and leases
  • $4,147Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $60,763Income earned, not collected on loans
  • $0Earning assets
  • $7,041Long-term assets (5+ years)
  • $1,979,959Average Assets, year-to-date
  • $746,817Average Assets, quarterly
  • $2,304,017Volatile liabilities
  • $2,270,635Insider loans
  • $1,652,477FHLB advances
  • $2,205,850Loans and leases held for sale
  • $25,734Unused loan commitments
  • $8,142Tier 1 (core) risk-based capital
  • $228,581Tier 2 risk-based capital
  • $15,500Total risk weighted assets
  • $2,092Total unused commitments
  • $304,403Restructured Loans and leases
  • $7,099Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $104,233Total interest income
  • $9,621Total interest expense
  • $94,612Net interest income
  • $16,985Provision for loan and lease losses
  • $19,706Total noninterest income
  • $2,285Fiduciary activities
  • $5,221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,200Additional noninterest income
  • $80,592Total noninterest expense
  • $40,187Salaries and employee benefits
  • $11,394Premises and equipment expense
  • $29,011Additional noninterest expense
  • $16,741Pre-tax net operating income
  • -$617Securities gains (losses)
  • $2,772Applicable income taxes
  • $13,352Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,542Net income attributable to bank
  • -$190Net charge-offs
  • $13,352Cash dividends
  • $34,771Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 5.15%Return on equity (ROE)
  • 5.15%Retained earnings to average equity (YTD only)
  • 2.36%Net charge-offs to loans
  • 48.85%Credit loss provision to net charge-offs
  • 0.97%Efficiency ratio
  • 69,960Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 75.57%Noncurrent assets plus other real estate owned to assets
  • 3.71%Noncurrent loans to loans
  • 4.43%Net loans and leases to deposits
  • 69.12%Net loans and leases to core deposits
  • 79.04%Equity capital to assets
  • 11.95%Core capital (leverage) ratio
  • 10.36%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,304,017Average earning assets
  • $263,143Average equity
  • $2,028,277Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $318,264Managed Assets
  • 1Number of Accounts
  • $244,521Personal trust and agency accounts
  • $28,388Employee benefit-defined contribution accounts
  • $36,178Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $27,609Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $111,992Other fiduciary accounts
  • $40,354Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 560Number of Accounts
  • $0Personal trust and agency accounts
  • $23,698Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $73,743Other retirement accounts
  • $111Corporate trust and agency accounts
  • $30,391Other fiduciary accounts
  • $5,137Fiduciary accounts held in foreign offices

List of branches

  • 43 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016177Alpine Bank2200 Grand Avenue, Glenwood Springs, CO 81601April 01, 1980Full Service Brick and Mortar
    2255897Battlement Mesa Branch82 Sipparelle Drive, Parachute, CO 81636Febuary 10, 1992Full Service Brick and Mortar
    3255898West Glenwood Branch50891 Highway 6 & 24, Glenwood Springs, CO 81601January 19, 1993Full Service Brick and Mortar
    415009Snowmass Village Branch15 Kearns Road, Snowmass Village, CO 81615July 15, 1974Full Service Brick and Mortar
    5253278Snowmass Mall Branch15 Village Square, Snowmass Village, CO 81615November 28, 1980Limited Service Facility
    615515Basalt Branch145 Midland Avenue, Basalt, CO 81621July 19, 1976Full Service Brick and Mortar
    814463Carbondale Branch0350 Highway 133, Carbondale, CO 81623January 23, 1973Full Service Brick and Mortar
    9251931Rifle Branch100 East 4th Street, Rifle, CO 81650March 08, 1993Full Service Brick and Mortar
    1017010Eagle Branch205 East Chambers Avenue, Eagle, CO 81631May 09, 1983Full Service Brick and Mortar
    1146451Clifton Branch3243 1-70 Business Loop, Clifton, CO 81520November 27, 1990Full Service Brick and Mortar
    12289378Grand Junction Branch225 North 5th Street, Grand Junction, CO 81501December 22, 1993Full Service Brick and Mortar
    1340265Aspen Branch600 East Hopkins Avenue, Aspen, CO 81611June 16, 1989Full Service Brick and Mortar
    14262212Aspen Airport Business Ctr. Branch119e Aspen Airport Business Center, Aspen, CO 81611November 22, 1994Full Service Brick and Mortar
    15255899Vail Branch141 East Meadow Drive, Vail, CO 81657November 01, 1995Full Service Brick and Mortar
    17255901New Castle Branch810 Castle Valley Boulevard, New Castle, CO 81647August 05, 1996Full Service Brick and Mortar
    18255902Avon Branch10 West Beaver Creek Boulevard, Avon, CO 81620April 04, 1997Full Service Brick and Mortar
    19255903Horizon Drive Branch709 Horizon Drive, Grand Junction, CO 81506December 03, 1996Full Service Brick and Mortar
    20255904Gypsum Branch104 Oakridge Drive, Gypsum, CO 81637October 06, 1997Full Service Brick and Mortar
    22255906Edwards Branch0069 Edwards Access Road, Suite 4, Edwards, CO 81632March 15, 1999Full Service Brick and Mortar
    23255907Breckenridge Branch110 North Main Street, Breckenridge, CO 80424April 05, 1999Full Service Brick and Mortar
    24255908Grand Junction Mall Branch2424 F Road, Grand Junction, CO 81505June 07, 1999Full Service Brick and Mortar
    26295015Dillon Branch252 Dillion Ridge Road, Dillon, CO 80435July 22, 1999Full Service Brick and Mortar
    27295016Steamboat Springs Branch1901 Pine Grove Road, Steamboat Springs, CO 80487October 14, 1999Full Service Brick and Mortar
    28358548Mobile Branches For Gj And Gws2200 Grand Avenue, Glenwood Springs, CO 81601October 23, 2000Limited Service Mobile
    29361034Downtown Glenwood Springs Branch211 Eighth Street, Glenwood Springs, CO 81601June 28, 2001Limited Service Facility
    30362163Copper Mountain Branch910 Copper Road, Unit 125, Copper Mountain, CO 80443October 22, 2001Full Service Brick and Mortar
    31362401Montrose Branch2770 Alpine Drive, Montrose, CO 81401November 23, 2001Full Service Brick and Mortar
    32428669Willits Branch711 East Valley Road, Basalt, CO 81621June 01, 2004Full Service Brick and Mortar
    33439670Durango Branch1099 Main Avenue, Durango, CO 81301April 01, 2005Full Service Brick and Mortar
    34442974Breckenridge Mobile Branch110 North Main Street, Breckenridge, CO 80424May 17, 2005Limited Service Mobile
    3547807Telluride Branch120 South Pine Street, Telluride, CO 81435September 25, 1992Full Service Brick and Mortar
    36289838Ouray Branch917 Main Street, Ouray, CO 81427June 07, 1996Full Service Brick and Mortar
    37289839Ridgway Branch119 Liddell Drive, Ridgway, CO 81432September 26, 1997Full Service Brick and Mortar
    38430168East Montrose Branch1400 E Main, Montrose, CO 81401March 05, 2004Full Service Brick and Mortar
    39457042Fruita Branch125 N. Park Square, Fruita, CO 81521November 08, 2006Full Service Brick and Mortar
    40465417Frisco Branch701 North Summit Blvd, Frisco, CO 80443June 11, 2007Full Service Brick and Mortar
    41468198South Rifle Branch405 Airport Road, Rifle, CO 81650July 30, 2007Full Service Brick and Mortar
    42470795Ouray Mobile Branch917 Main Street, Ouray, CO 81427January 02, 2008Limited Service Messenger
    43470797Delta Branch1660 State Highway 92, Delta, CO 81416November 10, 2007Full Service Brick and Mortar
    44471489Ouray Mobile Branch917 Main Street, Ouray, CO 81427January 02, 2008Limited Service Messenger
    45473737Three Springs Branch175 Mercado Street, Durango, CO 81301March 24, 2008Full Service Brick and Mortar
    47487503Durango Mobile BranchMercado Street, Durango, CO 81301Febuary 09, 2009Limited Service Messenger
    48508636Mobile Branch350 Highway 133, Carbondale, CO 81623April 13, 2010Limited Service Mobile

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