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Alpine Bank

Glenwood Springs, CO · Cert 23091 · Alpine Banks of Colorado

State charter, non-member · FDIC · 44 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

71

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

59

Q2 2024Q2 2026peer median (50)

Liquidity

53

Q2 2024Q2 2026peer median

Efficiency

46

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Alpine Bank

Glenwood Springs, CO · Cert 23091 · Alpine Banks of Colorado

State charter, non-member · FDIC · 44 branches

Q2 2026

$6.7BAssets
$4.5BLoans
$5.9BDeposits
$722.3MEquity
Loan mix
95%RE $4.0B4%C&I $0.2B1%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $4.1B30%Noninterest $1.8BQ2 2025Q2 2026

NIM

4.43%Q2 ’244.58%Q2 ’254.80%Q2 ’26+17%+12%

Non-interest income vs. expense

2.64%Q2 ’242.70%Q2 ’252.86%Q2 ’26+1%-1%

Market Position · Grand Junction, CO · 2026 SOD (annual) · 20.7% share · #1 of 12 inst. · $0.8B of $3.8B

55.6% Garfield
41.9% Pitkin
27.0% Eagle
20.7% Mesa

Executive Summary

  • Earnings: ROA of 1.29%, up 23 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.31% of loans (+5 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 11.02%, up 112 bps from a year ago.
  • Funding: loans stand at 75.82% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.29%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+39 bps YoY

Efficiency Ratio (YTD, annualized)

61.40%-464 bps YoY

Tier 1 Leverage Ratio

11.02%+112 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%1.11%1.16%1.29%1.29%+23 bps
Return on Equity11.43%11.88%12.20%12.51%12.34%+91 bps
Net Interest Margin3.33%3.38%3.41%3.62%3.72%+39 bps
Efficiency Ratio66.04%64.92%64.39%61.67%61.40%-464 bps
Non-Interest Burden1.93%1.91%1.90%1.83%1.91%-2 bps
Growth
Asset Growth (YoY)2.10%3.66%5.04%1.86%1.37%-73 bps
Loan Growth (YoY)3.59%5.30%6.97%5.38%6.23%+264 bps
Deposit Growth (YoY)1.49%3.26%3.94%0.51%0.06%-143 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.21%0.25%0.32%0.31%+5 bps
Net Charge-Offs / Loans0.08%0.08%0.07%0.19%0.12%+4 bps
Allowance / Loans1.10%1.10%1.10%1.12%1.14%+4 bps
Allowance Coverage of NPLs4.3x5.1x4.4x3.5x3.7x-0.6x
Capital
Tier 1 Leverage Ratio9.90%10.02%10.49%10.75%11.02%+112 bps
Total Risk-Based Capital15.21%15.47%16.04%16.42%16.42%+121 bps
Equity / Assets9.53%9.58%10.16%10.47%10.79%+126 bps
Liquidity & Funding
Loans / Deposits71.41%69.78%71.45%72.53%75.82%+441 bps
Liquid Assets / Assets18.81%21.01%20.18%19.49%17.49%-131 bps
CRE / Total Capitaln/a294%284%278%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Alpine Bank

Glenwood Springs, CO · Cert 23091 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Alpine Banks of Colorado

State charter, non-member · FDIC · 44 branches

Q2 2026

$6.7BAssets
$4.5BLoans
$5.9BDeposits
$722.3MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 78% of banks $1B-$10B in assets operating in a single state (rank 58 of 258).
  • Widest gap: net charge-offs / loans trails 77% of banks $1B-$10B in assets operating in a single state (rank 200 of 258).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.31%

Rank 108 of 258

Net Interest Margin

3.72%

Rank 87 of 258

Efficiency Ratio

61.40%

Rank 141 of 257

Equity / Assets

10.79%

Rank 102 of 258

Non-interest income vs. expense

$64.2M$193.3MINCOMEEXPENSE
Unfavorable gap of $129.1M · efficiency ratio beats 46% of banks $1B-$10B in assets operating in a single state
Bank 61.40%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.31%0.93%1.23%1.54%Beats 58%108 / 258
Return on Equity12.12%9.26%11.84%14.74%Beats 53%122 / 258
Net Interest Margin3.72%3.16%3.49%3.88%Beats 66%87 / 258
Efficiency Ratio61.40%51.71%60.30%69.65%Beats 46%141 / 257
Asset Quality
Nonperforming Loans / Loans0.31%0.19%0.46%0.90%Beats 61%102 / 258
Net Charge-Offs / Loans0.08%0.01%0.02%0.07%Beats 23%200 / 258
Capital
Tier 1 Capital Ratio15.21%11.41%12.98%15.12%Beats 76%61 / 258
Total Risk-Based Capital Ratio16.42%12.10%13.91%16.08%Beats 78%58 / 258
Equity / Assets10.79%9.09%10.24%11.72%Beats 60%102 / 258
Liquidity & Funding
Loans / Deposits75.82%73.24%86.34%95.95%30th pctl180 / 258
Loans / Assets66.90%63.01%72.27%78.40%32nd pctl176 / 258
Brokered Deposits / Depositsn/aNot reported for this institution