Alpine Banks Colorado · OTC:ALPIB
Alpine Banks Colorado — Alpine Banks of Colorado — Q2 2026 Earnings Presentation
33 slides from Alpine Banks Colorado's earnings presentation, Sep 15, 2026
Slide 1: 2nd Quarter 2026 Investor Presentation
2nd Quarter 2026 Investor Presentation
Slide 2: Forward Looking Statements
2nd Quarter 2026 Investor Presentation 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,”“se
Slide 3: Branch locations: Telluride, Glenwood Springs, Denver Union Station
2nd Quarter 2026 Investor Presentation Telluride Glenwood Springs Denver - Union Station 120 South Pine St. 2200 Grand Ave. 1777 Wynkoop St.
Slide 4: Geographical Footprint
2nd Quarter 2026 Investor Presentation • Fort Collins • Steamboat Springs HIGH MOUNTAIN REGION • Boulder • Glenwood Springs • Rifle • West Glenwood • Edwards • Frisco • South Rifle • Vail • Union Station • Dillon • Cherry Creek FRONT RANGE • New Castle • Eagle • Denver Tech Center REGION CENTRAL MOU
Slide 5: Summary Information
2nd Quarter 2026 Investor Presentation Alpine Banks of Colorado Summary Information (unaudited) Founded 1973 Ticker ALPIB Total Assets $6.70 Billion Total Deposits $5.91 Billion Gross Loans $4.49 Billion Employees 890 Locations 39 ROA 1.18% ROE 13.08% Source: Bank holding company regulatory report f
Slide 6: Financial Ratios for the Quarter ending 6/30/26
2nd Quarter 2026 Investor Presentation Financial Ratios for the Quarter ending 6/30/26 (unaudited) YOY Net Income Growth 25.53% YTD Deposit Growth -2.32% YTD Loan Growth 3.09% Efficiency Ratio 62.80% Net Interest Margin (TE) 3.79% NPA's to Total Assets 0.21% Total Risk Based Capital 17.17% Source: B
Slide 7: Why We Exist, Constants and Values
2nd Quarter 2026 Investor Presentation Local decision 75th percentile of making peer bank ROA of 1.40% Connection between Manage growth to $11B bank and employee success Maintain strong asset quality 7% salary contribution plus dividends Steady loan to deposit ratio Excellence in experience Local le
Slide 8: Executive Leadership Team
2nd Quarter 2026 Investor Presentation Executive Leadership Team Glen Jammaron Glenn Davis Jay Rickstrew President/CEO and Chairman Chief Development Officer Chief Retail Officer 41 Years – Alpine Bank 37 Years – Alpine Bank 31 Years – Alpine Bank Andrew Karow Rachel Gerlach Mike Burns Chief Operati
Slide 9: Board of Directors
2nd Quarter 2026 Investor Presentation 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 Execu
Slide 10: Vision Mission Values
2nd Quarter 2026 Investor Presentation 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 Independenc
Slide 11: Awards and Recognition
2nd Quarter 2026 Investor Presentation 1989 2021 Colorado Association of Colorado Lending Source Commerce and Industry recognizes Alpine Bank at its Business of the Year award. 2007 2015 2020 annual meeting and Outstanding Large Business Named Best Bank as part of awards celebration with the 1993 Aw
Slide 12: Community Involvement
2nd Quarter 2026 Investor Presentation 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 dona
Slide 13: Key Differentiators
2nd Quarter 2026 Investor Presentation Key Differentiators • De Novo Market Expansion • Talent Development • Employee Stock Ownership Plan (ESOP) • Stable and Low Cost Deposit Base • Diversified Loan Portfolio • Presence in Strong Markets • Noninterest Income • Net Promoter Score of 79 in 2026, compa
Slide 14: De Novo Market Expansion
2nd Quarter 2026 Investor Presentation 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 • New branch opening mid-2027 in Littleton, Colorado • Proactively adding to the lending staff within our
Slide 15: Talent Development
2nd Quarter 2026 Investor Presentation 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 9 in 2026 Leadership Development • In-house
Slide 16: Employee Ownership
2nd Quarter 2026 Investor Presentation Employee Ownership • Employee Stock Ownership Plan (ESOP) formed in 1983 • ESOP controls 24.54% of voting power as of 6/30/26 • Employees, Directors and their families control at least 51% of voting control as of 6/30/26
Slide 17: Stable and Low Cost Deposit Base
2nd Quarter 2026 Investor Presentation Stable and Low Cost Deposit Base Other Certi ficates of Deposit Brokered CD's Cost of Interest-Bearing Deposits <1% 3% 3.50% 2.97% 3.00% 2.68% Certi fi cates of 2.50% 2.19% Deposit >= 2.54% $100,000 2.00% 8% 1.50% 1.94% 1.79% 1.76% 1.00% 0.51% Non-Interest 0.27%
Slide 18: Diversified Loan Portfolio
2nd Quarter 2026 Investor Presentation Diversified Loan Portfolio Yield on Loans and Leases (TE) 7.00% 6.50% 6.23% 6.21% 6.26% 6.00% 5.80% 6.15% Commercial Real 5.92% 5.50% Estate 5.54% 32% 5.00% 4.71% 1 - 4 Family 4.64% 44% 4.50% 4.59% 4.16% 4.00% 2021 2022 2023 2024 2025 Jun-2026 Alpine Banks of Co
Slide 19: Loan Portfolio Segmentation
2nd Quarter 2026 Investor Presentation 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 Ho
Slide 20: Presence in Strong Colorado Markets
2nd Quarter 2026 Investor Presentation 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 (includi
Slide 21: Non-Interest Income
2nd Quarter 2026 Investor Presentation Non-Interest Income Non-Interest Income (In Thousands) $20,000 $17,846 $18,065 $18,851 $18,987 Interchange $18,000 $17,143 • Interchange income increased 10% annually from 2021 through 2025 $16,000 Revenue ($000) $14,000 $12,000 Wealth Management • 29.25 employ
Slide 22: Stock Information as of 6/30/26
2nd Quarter 2026 Investor Presentation Alpine Banks of Colorado Stock Information as of 6/30/26 • Class B Voting Common Stock •Share Price/Class B – One vote per share As of 6/30/26 – Traded on OTCQX® Best Market – 9.7 Trailing P/E Ratio – Ticker: ALPIB – 1.30 Price/Tangible Book – 8,937,309 shares
Slide 23: Shareholder Returns
2nd Quarter 2026 Investor Presentation Shareholder Returns Class B Shares Earnings Per Share $5.00 $4.64 $4.38 $4.50 $4.00 $3.86 $3.51 • Earnings per share increased $3.50 $3.09 26% from Q2 2025 to Q2 2026 $3.00 $2.51 $2.50 $2.00 • As of 6/30/26: $1.50 – 1.94% Dividend Yield $1.00 $0.50 – 18% Divide
Slide 24: Tangible Book Value
2nd Quarter 2026 Investor Presentation Tangible Book Value Class B Shares Tangible Book Value Per Share $40.00 $37.59 $35.71 $35.00 $30.00 $27.74 $30.48 • 7.64% CAGR in Tangible Book Value Per $25.00 $26.01 $24.86 Share in the period 2021 to Q2 2026 $20.00 $15.00 • Tangible Book Value Per Share $10.
Slide 25: Earnings History
2nd Quarter 2026 Investor Presentation Earnings History Return on Assets (ROA) 1.30% 1.25% 1.18% 1.20% 1.10% 1.12% 1.18% • Closing gap on ROA performance after 1.16% 1.00% 0.95% 0.92% 1.04% NIM compression in 2023 and 2024 1.03% 0.90% 0.80% 0.87% • ROE has consistently been above peers 0.70% 0.75% 0
Slide 26: Net Interest Margin (TE)
2nd Quarter 2026 Investor Presentation Net Interest Margin (TE) Net Interest Margin (TE) 3.90% 3.80% 3.79% • Net Interest Margin (NIM) declined as 3.70% 3.57% general market rates fell during 3.60% 3.50% 3.46% 2019-2021 period 3.40% 3.35% 3.53% 3.30% 3.17% 3.20% 3.39% 3.22% • NIM is rebounding as th
Slide 27: Loan Repricing/Maturity Schedule
2nd Quarter 2026 Investor Presentation Loan Repricing/Maturity Schedule FYE ($000s) 2026 2027 2028 Loan Repricing Schedule: Residential Mortgages $138.8 MM $410.5 MM $89.2 MM Weighted Average Yield 4.99% 4.98% 5.37% Owner Occupied Real Estate $40.1 MM $50.5 MM $17.0 MM Weighted Average Yield 6.21% 6
Slide 28: 10 Year Growth Trends
2nd Quarter 2026 Investor Presentation 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 Jun-2026 Source: Bank holding company regulatory reports Information
Slide 29: Capital Ratios
2nd Quarter 2026 Investor Presentation Capital Ratios Regulatory Capital Ratios 20.00% 17.17% 18.00% 16.00% 14.43% • Capital levels in excess of regulatory 14.00% 13.06% minimums 12.00% 10.46% 10.00% 10.00% 8.00% 8.00% 5.00% 6.50% • Increase in capital levels with slower 6.00% 4.00% asset growth sin
Slide 30: Asset Quality
2nd Quarter 2026 Investor Presentation Asset Quality • ACL 0.07% lower than peer group at 12/31/25 Allowance for Credit Loss (ACL) Percentage 1.30% • Non-performing assets reduction to 0.21% as of 1.25% 1.24% 6/30/26 is related primarily to the sale of one OREO 1.20% property in Q1 2026 1.14% 1.15%
Slide 31: Why Alpine Banks of Colorado
2nd Quarter 2026 Investor Presentation Why Alpine Banks of Colorado • 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 6/30/2026. Still an industry leader •
Slide 32: Contact Information
2nd Quarter 2026 Investor Presentation Contact Information Glen Jammaron Mike Burns President/CEO and Chairman Chief Financial Officer 970-384-3266 970-259-3090 glenjammaron@alpinebank.com mikeburns@alpinebank.com
Slide 33: Alpine Banks of Colorado
é&Y Alpine Banks of Colorado
Alpine Banks of Colorado — Q2 2026 Earnings Presentation on 6ix