BOARD OF DIRECTORS
Rev.04/2018
38 LOCATIONS FROM DENVER TO DURANGO
PERSONAL • BUSINESS • MORTGAGE • WEALTH MANAGEMENT**Not FDIC Insured • May Lose Value • No Bank Guarantee
Raymond T. BakerOwner, Real Estate Management Firm
Stephen BriggsRegional President, Roaring Fork Valley
John W. CooperMarketing and Leadership Consultant
Wally DallenbachProfessional Motor Racing Executive
Glenn DavisChief Retail O�cer
Terry FarinaAttorney at Law
Norm FrankeRegional President, Front Range Region
L. Kristine GardnerFormer Banking Executive
Peter N. GuyInvestments
Glen JammaronVice Chairman/President, Alpine Banks of Colorado
Thomas H. KenningChief Administration O�cer
Stan KornasiewiczInvestment Consultant
Steve ParkerColorado Banking Leader
R. Bruce RobinsonFormer Banking Executive
Joe Sco�eldPresident, Loss Mitigation
H. David ScrubyFormer Banking Executive
Rodney E. SliferVail Realtor
William B. VollbrachtTitle Company Executive
J. Robert YoungChairman, Alpine Banks of Colorado
Margo Young-GardeyFormer Banking Executive
CUSTOMER SUPPORT800-551-6098
ALPINE INFO LINE24-Hour Information Access in English or Spanish
888-4-ALPINE (888-425-7463)
ALPINE BANK MORTGAGE877-886-3171
ALPINE BANK WEALTH MANAGEMENT877-808-7878
STATEMENT OF CONDITION1ST QUARTER, ENDING MARCH 31, 2018
TRAILBLAZINGW I T H Y O U F O R 4 5 Y E A R S
CHAIRMAN’S MESSAGE ALPINE BANKS OF COLORADO
March 31, 2018
The �rst quarter of 2018 shows signi�cant growth. As we celebrate our 45th anniversary, we have begun the year with positive trends in all categories. Our outside consulting �rm, Sheshuno� and Company, prepares quarterly, independent appraisals of Alpine Bank’s ‘A’ and ‘B’ shares for the Employee Stock Ownership Plan. Their valuation on March 31, 2018 was $5,053 per share for both classes of stock. Our thanks to 130,000 loyal customers and outstanding sta� and management for your continued loyalty and unparalleled community support.
Sincerely yours,
J. Robert YoungChairman
TWELVE MONTHS ENDED MARCH 31, 2018(UNAUDITED)
Interest incomeInterest expense
Net interest income
Provision for loan losses
Net interest income afterprovision for loan losses
Other incomeOther expense
Income beforeincome taxes
Income taxes
Net income
Per common share:Net incomeShareholders’ equity
Shares outstanding
At March 31:Total assetsInvestment securitiesLoans, grossDepositsShareholders’ equity
Investment assetsunder management
35,2391,698
33,541
0
33,5418,792
28,023
14,3102,649
11,661
110.182,506.02
105,837
3,604,188698,615
2,295,4893,203,833
265,229
525,907
$
$
$
$
$
$
$
$
$
$
30,4381,372
29,066
-1,100
30,1668,004
25,030
13,1403,607
9,533
90.042,289.13
105,874
3,246,481664,197
2,094,8982,871,598
242,359
482,858
2018 2017(Dollars in thousands except per share data)
