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Alpine Banks of Colorado reports developments for its role as the holding company for Alpine Bank, an independent, employee-owned Colorado bank founded in 1973. Through Alpine Bank, the company provides personal banking, business banking, wealth management, mortgage, and electronic banking services across Colorado's Western Slope, mountain communities, and Front Range. Its Class B common stock trades on the OTCQX market under the symbol ALPIB.
Recurring announcements cover unaudited quarterly and annual results, interest income, noninterest income, loan and deposit trends, securities portfolio activity, OREO dispositions, common stock dividends, Class A and Class B share matters, stock repurchase authorization, annual meeting votes, board composition, and leadership succession.
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Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, set to be paid on May 1, 2023, to shareholders of record by April 24, 2023. Additionally, a dividend of $30.00 per Class A voting common share will also be distributed on the same date. This dividend amount remains unchanged from the previous quarter. Alpine Banks operates as an independent, employee-owned organization with a strong financial standing of $6.3 billion in assets and a workforce of 890 employees across Colorado. The bank serves approximately 170,000 customers, providing a range of financial services and has received a 5-star rating from BauerFinancial for superior performance.
Alpine Bank celebrates its 50th anniversary with the appointment of Alison Vollbracht Winfield to the board of directors. Sworn in January 2023, Alison has extensive experience in business and nonprofit leadership. She is the daughter of the late William Vollbracht, one of the bank's founders. Alison has served in various roles, including operations manager at the University of Washington’s Haring Center for Inclusive Education. The bank, founded in 1973, operates as an independent, employee-owned organization with assets of $6.3 billion and a 5-star rating from BauerFinancial. Shares trade under the symbol ALPIB on the OTCQX® Best Market.
Alpine Banks of Colorado (OTCQX: ALPIB) reported its fourth quarter and annual results for 2022, showing a net income of $20.7 million for Q4, and $73.4 million for the year. Basic earnings per Class A share decreased 9.2% in Q4 but increased 20.0% for the year. Loan growth was 4.1% in Q4 and 15.0% for the year, with total loans reaching $3.9 billion. The net interest margin improved to 3.69% in Q4 2022 compared to 3.49% in Q3 2022. Total assets rose to $6.3 billion. Total deposits decreased by 2.6% in Q4 but saw only a 1.6% annual decline. The company continues to maintain a strong capital position.