Alpine Bank in Glenwood Springs, Colorado (CO)

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Alpine Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)493
Total assets$2,256,513
Cash and due from depository institutions$279,247
Interest-bearing balances$213,701
Federal funds sold & reverse repurchase agreements$20,000
Net loans & leases$1,326,151
Loan loss allowance $45,921
Trading account assets$122
Bank premises and fixed assets$75,850
Other real estate owned$17,937
Goodwill and other intangibles$18,315
All other assets$98,906
Life insurance assets$2,256,513
Total liabilities and capital$1,985,886
Total liabilities$1,918,670
Total deposits$1,422,518
Interest-bearing deposits$1,918,670
Deposits held in domestic offices$48
% insured (estimated)37631.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,332
Other borrowed funds $0
Subordinated debt $15,253
All other liabilities $270,627
Total equity capital$269,565
Total bank equity capital$269,565
Perpetual preferred stock$0
Common stock$4,410
Undivided profits $167,670
Noncurrent loans and leases $1,062
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,147
Income earned, not collected on loans $60,763
Earning assets $0
Long-term assets (5+ years) $7,041
Average Assets, year-to-date $1,979,959
Average Assets, quarterly $746,817
Volatile liabilities $2,304,017
Insider loans $2,270,635
FHLB advances $1,652,477
Loans and leases held for sale $2,205,850
Unused loan commitments $25,734
Tier 1 (core) risk-based capital $8,142
Tier 2 risk-based capital $228,581
Total risk weighted assets $15,500
Total unused commitments $2,092
Restructured Loans and leases $304,403
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $104,233
Total interest expense $9,621
Net interest income $94,612
Provision for loan and lease losses $16,985
Total noninterest income $19,706
Fiduciary activities $2,285
Service charges on deposit accounts $5,221
Trading account gains & fees $0
Additional noninterest income $12,200
Total noninterest expense $80,592
Salaries and employee benefits $40,187
Premises and equipment expense $11,394
Additional noninterest expense $29,011
Pre-tax net operating income $16,741
Securities gains (losses) -$617
Applicable income taxes $2,772
Income before extraordinary items $13,352
Extraordinary gains - net $0
Net income attributable to bank $13,542
Net charge-offs -$190
Cash dividends $13,352
Sale, conversion, retirement of capital stock, net $34,771
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.14%
Cost of funding earning assets 0.47%
Net interest margin 4.66%
Noninterest income to earning assets 0.97%
Noninterest expense to earning assets 3.97%
Net operating income to assets 0.60%
Return on assets (ROA) 0.59%
Pretax return on assets 0.71%
Return on equity (ROE) 5.15%
Retained earnings to average equity (YTD only) 5.15%
Net charge-offs to loans 2.36%
Credit loss provision to net charge-offs 48.85%
Efficiency ratio0.97%
Assets per employee$69,960
Cash dividends to net income (YTD only)4.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.35%
Noncurrent assets plus other real estate owned to assets 75.57%
Noncurrent loans to loans 3.71%
Net loans and leases to deposits4.43%
Net loans and leases to core deposits 69.12%
Equity capital to assets 79.04%
Core capital (leverage) ratio 11.95%
Tier 1 risk-based capital ratio 10.36%
Total risk-based capital ratio 13.83%
Average assets$15
Average earning assets$2,304,017
Average equity $263,143
Average loans $2,028,277
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$318,264
Number of Accounts1
Personal trust and agency accounts$244,521
Employee benefit-defined contribution accounts$28,388
Employee benefit-defined benefit accounts$36,178
Other retirement accounts$0
Corporate trust and agency accounts$27,609
Investment management agency accounts$0
Other fiduciary accounts$111,992
Fiduciary accounts held in foreign offices$40,354
Non-managed Assets$0
Number of Accounts560
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$23,698
Employee benefit-defined benefit accounts$0
Other retirement accounts$73,743
Corporate trust and agency accounts$111
Other fiduciary accounts$30,391
Fiduciary accounts held in foreign offices$5,137
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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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