Alpine Banks Colorado · OTC:ALPIB
Alpine Banks Colorado — Alpine Banks of Colorado — Investor Presentation (March 2026)
41 slides from Alpine Banks Colorado's investor presentation, March 2026
Slide 1: Alpine Banks of Colorado 1st Quarter 2026 Investor Presentation
€Y Alpine Banks | 1st Quarter 2026 of Colorado Investor Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “reflects,” “believes,” “can,”
Slide 3: Alpine Banks of Colorado Headquarters
Alpine Banks of Colorado Alpine Banks of Colorado Headquarters Glenwood Springs, Colorado 3
Slide 4: Alpine Banks of Colorado awards and history
Alpine Banks 47 of Colorado 1989 Colorado Association of Commerce and Industry Business of the Year award. 1993 Blue Chip Enterprise Award from Nation's Business magazine, the U.S. Chamber of Commerce and Connecticut Mutual Life Insurance, 1999 First U.S. bank to receive the WebTrust Seal of Approva
Slide 5: Alpine Banks of Colorado Summary Information
Alpine Banks of Colorado Summary Information (unaudited) Founded 1973 Ticker ALPIB Total Assets $6.79 Billion Total Deposits $5.97 Billion Gross Loans $4.36 Billion Employees 842 Locations 39 ROA 1.21% ROE 13.76% Source: Bank holding company regulatory report for the quarter ending 3/31/26 5
Slide 6: Financial Ratios for the Quarter ending 3/31/26
Financial Ratios for the Quarter ending 3/31/26 (unaudited) YOY Net Income Growth 40.91% YTD Deposit Growth -1.34% YTD Loan Growth 0.17% Efficiency Ratio 65.57% Net Interest Margin (TE) 3.72% NPA's to Total Assets 0.21% Total Risk Based Capital 17.12% Source: Bank holding company regulatory report f
Slide 7: Alpine Bank strategy and independence
EY Alpine Bank jNpEPENDENCE ED toe a Ip NEBANKW . YEE-OWNED BE A HIGH FINAN Loita COMPANY PEREQ RN DA Local decision 75th percentile of making peer bank ROA of 1.40% Fai Manage growth to $11B bank and employee success Maintain strong asset quality Thsalary contribution plus Steady loan to deposit ra
Slide 8: Stock Information as of 3/31/26
Alpine Banks of Colorado Stock Information as of 3/31/26 • Class B Voting Common Stock – One vote per share – Traded on OTCQX® Best Market – Ticker: ALPIB – 8,937,309 shares outstanding • Class A Voting Common Stock – Twenty votes per share – Not publicly traded – Class A shares have 95% of voting c
Slide 9: Vision, Mission and Values
Vision, Mission and Values Vision “Alpine Bank will be the preferred financial services provider for individuals and businesses in the communities we serve in Colorado.” Mission “To help our customers, employees, shareholders and community members achieve their dreams.” Values Independence Integrity
Slide 10: Executive Leadership
Executive Leadership Name Title Tenure at Alpine Glen Jammaron President/CEO and Chairman 41 Years Glenn Davis Chief Development Officer 37 Years Jay Rickstrew Chief Retail Officer 31 Years Andrew Karow Chief Operations Officer 29 Years Rachel Gerlach Chief Credit Officer 28 Years Mike Burns Chief F
Slide 11: Board of Directors
Board of Directors Raymond T. Baker Glen Jammaron Owner, Real Estate Management Firm Chairman/CEO and President Mike Burns Andrew Karow Chief Financial Officer Chief Operations Officer Glenn Davis Thomas H. Kenning Chief Development Officer Former Banking Executive Terry Farina Steve Parker Attorney
Slide 12: Branch Network
Alpine Banks 47 of Colorado Branch Network FRONT RANGE out REGION CENTRAL MOUNTAIN REGION €& Alpine Bank (Member FDIC 12
Slide 13: Community Involvement
Community Involvement • Loyalty Debit Card Program – Debit card program benefits local organizations supporting the community – Ten cents per transaction donated to the program – Over $2.6 million donated to the program in 2025 • Other Donations – $3.2 million donated in 2025 above and beyond the Lo
Slide 14: 53 Years of Philanthropy
53 Years of Philanthropy 14
Slide 15: Environmental Initiatives
Environmental Initiatives • Green Team – Grassroots employee-driven initiative started in 2005 to improve environmental practices – The bank was awarded at the Gold-Level with the Green Business Network • Renewable Energy – All electricity generated from renewable sources or offset by Renewable Ener
Slide 16: Focus on Customer Service
Focus on Customer Service • CARE – Connect, Ask Questions, Recommend, Exceed – Our commitment to deliver exceptional service and solutions that enhance our customers’ experience • Net Promoter Score – Net Promoter Score measures percentage of customers that would recommend a brand – Alpine Bank’s Ne
Slide 17: Key Differentiators
Key Differentiators • De Novo Market Expansion • Talent Development • Core Deposit Base • Diversified Loan Portfolio • Presence in Strong Markets • Noninterest Income • Operational Efficiency 17
Slide 18: De Novo Market Expansion
De Novo Market Expansion • Entered the Front Range market in 2014 with our Union Station Branch • We now have 7 branch locations in Front Range of Colorado • Colorado Springs and Fort Collins branches opened in the 4th Quarter 2022 • Branch in Aurora, Colorado opened on October 15, 2024 • Proactivel
Slide 19: Talent Development
Talent Development • Officer Trainees – 50-year history of hiring and training our own officer staff – One-year training program for recent college graduates – 15 Officer Trainees hired in 2023, 4 in 2024, 10 in 2025, and 5 in 2026 • Leadership Development – In-house, comprehensive Leadership Traini
Slide 20: Core Deposit Base
Core Deposit Base Cost of Interest-Bearing Deposits Other Certi ficates 3.50% Brokered CD's 2.97% of Deposit <1% 3.00% 2.68% 3% 2.50% 2.19% 2.00% 2.54% Certi fi cates of 1.50% 1.94% 1.81% Deposit >= 1.76% $100,000 1.00% 0.51% 8% 0.27% 0.50% 0.04% 0.09% Non-Interest 0.00% Bea ring Checking 2021 2022
Slide 21: Colorado Deposit Market Share
Colorado Deposit Market Share Statewide (as of June 30, 2025) State Colorado Deposits Market Name (Headquarters) Offices ($000) Share 1 Wells Fargo Bank, N.A. SD 120 32,653,285 18.13% 2 FirstBank* CO 82 22,201,456 12.33% 3 JPMorgan Chase Bank, N.A. OH 105 22,125,162 12.29% 4 U.S. Bank N.A. OH 103 17
Slide 22: Diversified Loan Portfolio
Diversified Loan Portfolio Yield on Loans and Leases (TE) 7.00% 6.50% 6.23% 6.21% 6.26% 6.00% 5.80% 6.07% 5.92% 5.50% 5.54% Commercial Real 5.00% 4.64% 4.71% Estate 32% 4.50% 4.59% 1 - 4 Family 4.16% 4.00% 44% 2021 2022 2023 2024 2025 Mar-2026 Alpine Banks of Colorado Peer • 44% of loans are 1 to 4
Slide 23: Loan Portfolio Segmentation
Loan Portfolio Segmentation COMMERCIAL REAL ESTATE Other Hotel/Motel Health Care Industrial Warehouse Retail Office CONSTRUCTION AND LAND DEVELOPMENT 1 - 4 FAMILY REAL ESTATE Land Development End User Other Land Loans Home Equity Speculative Loan Construction In House Mortgage Product Cons Owner Occ
Slide 24: Loan Repricing/Maturity Schedule
Loan Repricing/Maturity Schedule FYE ($000s) 2026 2027 2028 Loan Repricing Schedule: Residential Mortgages $235.2 MM $376.7 MM $102.2 MM Weighted Average Yield 5.27% 4.62% 5.42% Owner Occupied Real Estate $89.1 MM $32.3 MM $19.8 MM Weighted Average Yield 6.40% 6.14% 6.65% Non Owner Occupied RE $168.
Slide 25: Presence in Strong Colorado Markets
Presence in Strong Colorado Markets • Income Outperformance – Colorado’s median household income is approximately $95,000, which is 18% higher than the U.S. median. • Concentrated Wealth – Alpine Bank operates in several of the state's wealthiest zip codes (including areas in/around Aspen, Boulder,
Slide 26: Non-Interest Income
Non-Interest Income Non-Interest Income (In Thousands) $18,851 • Interchange $20,000 $17,846 $18,065 $18,209 – Interchange income increased 10% $18,000 $17,143 annually from 2021 through 2025 $16,000 • Wealth Management Revenue ($000) $14,000 – 27.25 employees working in Wealth $12,000 Management as
Slide 27: Operational Efficiency
Operational Efficiency 80.00% Efficiency Ratio • Efficiency Ratio had 75.00% 70.00% 69.94% 73.73% been negatively 65.00% 63.92% 61.00% 65.78% 64.71% 65.57% impacted by lowered 64.78% 60.00% 60.88% 59.79% 61.91% NIM 55.00% 2021 2022 2023 Alpine Banks of Colorado 2024 Peer 2025 Mar-2026 • Efficiency R
Slide 28: Financial Information
Financial Information Alpine Bank, Fort Collins Alpine Bank, Colorado Springs 28
Slide 29: Share Price
Share Price Class B Shares • As of 3/31/26: – 10.1 Trailing P/E Ratio – 1.30 Price/Tangible Book *All share and per share amounts reflect the Company’s 150-for-1 Class B stock split on December 1, 2020 Source: Internal company reports as *Based on OTCQX Prices of 3/31/26 and S&P Global 29
Slide 30: Trading Volume
Trading Volume Monthly Trading Volume in Shares Monthly Trading Volume in Dollars 160,000 $7,000,000 140,000 $6,000,000 120,000 $5,000,000 100,000 $4,000,000 80,000 $3,000,000 60,000 $2,000,000 40,000 20,000 $1,000,000 - $- Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25
Slide 31: Shareholder Returns
Shareholder Returns Class B Shares Earnings Per Share $5.00 $4.50 $3.86 $4.64 $4.38 • Earnings per share $4.00 $3.50 $3.00 $3.51 $3.09 increased 42% from Q1 $2.50 $2.00 $1.26 2025 to Q1 2026 $1.50 $1.00 $0.50 $- • As of 3/31/26: 2021 2022 2023 2024 2025 Mar-2026 Dividends Per Share – 1.92% Dividend
Slide 32: Tangible Book Value
Tangible Book Value Class B Shares Tangible Book Value Per Share $40.00 $35.00 $30.48 $35.71 $36.64 • 7.09% CAGR in Tangible Book $30.00 $26.01 $24.86 $27.74 Value Per Share in the period $25.00 $20.00 2021 to Q1 2026 $15.00 $10.00 • July 2022 capital raise was $5.00 accretive to Tangible Book $- 20
Slide 33: Earnings History
Earnings History Return on Assets (ROA) 1.30% 1.20% 1.25% 1.18% 1.16% • Closing gap on ROA 1.10% 1.00% 1.16% 0.95% 0.92% 1.12% 1.21% performance after NIM 1.03% 0.90% 0.80% 0.87% compression in 2023 0.70% 0.60% 0.75% and 2024 0.50% 2021 2022 2023 2024 Alpine Banks of Colorado 2025 Peer Mar-2026 • RO
Slide 34: Net Income and 5 Year Cumulative Earnings
Net Income 5 Year Change $80,000 $350,000 YTD Earnings 5 yr. Cumulative Earnings $70,000 $300,000 $60,000 $250,000 5 Year Cumulative Earnings $50,000 YTD Earnings ($000) $200,000 $40,000 $150,000 $30,000 $100,000 $20,000 $50,000 $10,000 $0 $0 2021 2022 2023 2024 2025 Mar-2026 Source: Bank holding co
Slide 35: Net Interest Margin (TE)
Net Interest Margin (TE) Net Interest Margin (TE) 3.80% 3.72% 3.70% 3.60% 3.50% 3.46% 3.57% • Net Interest Margin (NIM) declined as 3.35% 3.53% 3.40% 3.30% 3.17% 3.39% 3.22% 3.20% 3.10% 3.00% 3.21% 3.09% general market rates fell 2.90% 3.05% 2021 2022 2023 2024 2025 Mar-2026 during 2019-2021 Alpine
Slide 36: 10 Year Growth Trends
10 Year Growth Trends $8,000,000 $7,000,000 $6,000,000 Assets $5,000,000 Deposits ($000) $4,000,000 Loans $3,000,000 $2,000,000 $1,000,000 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-2026 Source: Bank holding company Information as of December 31 for the year indicated, except 3/31/26 r
Slide 37: Deposit and Loan Growth History
Deposit and Loan Growth History Annualized Deposit Growth 24.50% 22.43% 19.50% • Deposits as of 3/31/26 14.50% include $25 million in 9.50% 4.50% 3.29% 2.13% 3.87% brokered CD’s -0.50% -1.59% -5.45% • Excluding the decrease in -5.50% 2021 2022 2023 2024 2025 Mar-2026 brokered CD’s during Annualized
Slide 38: Capital Ratios
Capital Ratios Regulatory Capital Ratios 18.00% 17.12% 16.00% 14.00% 12.96% 14.37% • Capital levels in excess 12.00% 10.00% 8.00% 10.14% 6.50% 8.00% 10.00% of regulatory minimums 6.00% 5.00% 4.00% 2.00% • Increase in capital levels 0.00% Tier 1 Leverage Ratio Common Equity Tier 1 Tier 1 Risk Based C
Slide 39: Asset Quality
Asset Quality Allowance for Credit Loss (ACL) Percentage 1.30% • ACL 0.07% lower than peer group at 1.25% 1.24% 12/31/25 1.20% • Non-performing assets reduction to 1.15% 1.11% 1.12% 0.21% as of 3/31/26 is related primarily to 1.10% 1.10% 1.10% 1.10% the sale of one OREO property 1.05% • Net loan cha
Slide 40: In Summary
In Summary • A unique culture and brand identity built around community and employee involvement creates our competitive advantage and is highlighted by : – Cost of interest-bearing deposits of 1.81% as of 3/31/2026. Still an industry leader – Exceptional customer loyalty represented by a 2025 Net P
Slide 41: Contact Information
Contact Information Glen Jammaron President/CEO & Chairman 970-384-3266 glenjammaron@alpinebank.com Mike Burns Chief Financial Officer 970-259-3090 mikeburns@alpinebank.com 41
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