Alpine Bank Mortgage Rates, Fees & Info

Glenwood Springs, CO

LEI: OYWNLMHNBQQ7BAH3EE86

Tax ID: 84-0788527

3.8 stars - out of 5 stars, based on 52 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Alpine Bank is a small bank specializing in Home Purchase and Refi loans. Alpine Bank has a high proportion of conventional loans. Their top markets include Glenwood Springs, Denver, Edwards, Breckenridge, and Grand Junction among others. Alpine Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Alpine Bank is typically an average fee lendor.


Originations

2,662

Origination Dollar Volume (All Markets)

$1,126,990,000

Employee count

785

Awards

Alpine Bank 30 Year Conventional Loans gold Alpine Bank 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Alpine Bank's average 30 year fixed rate mortgage of loans were 3.45%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.3%.

Relative Fees

Alpine Bank's average total fees for a 30 year fixed rate mortgage are $5,090.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Glenwood Springs, CO (FHA|USDA|VA) 692 $387,220,000 $559,566 $7,894 3.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 305 $137,965,000 $452,344 $5,077 3.72%
Edwards, CO (FHA|USDA|VA) 242 $121,350,000 $501,446 $5,733 3.84%
Breckenridge, CO (FHA|USDA|VA) 200 $89,840,000 $449,200 $7,446 3.95%
GRAND JUNCTION, CO (FHA|USDA|VA) 393 $82,045,000 $208,766 $2,926 3.81%
Outside of Metro Areas 185 $72,205,000 $390,297 $6,321 3.75%
Steamboat Springs, CO (FHA|USDA|VA) 144 $60,050,000 $417,014 $5,200 3.72%
Durango, CO (FHA|USDA|VA) 148 $47,090,000 $318,176 $3,963 3.74%
Montrose, CO (FHA|USDA|VA) 202 $46,440,000 $229,901 $3,925 3.82%
BOULDER, CO (FHA|USDA|VA) 88 $40,840,000 $464,091 $6,865 3.84%
FORT COLLINS, CO (FHA|USDA|VA) 41 $23,375,000 $570,122 $8,636 3.84%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $13,575,000 $1,234,091 $7,159 3.80%
GREELEY, CO (FHA|USDA|VA) 8 $3,160,000 $395,000 $5,745 3.63%
FARMINGTON, NM (FHA|USDA|VA) 2 $1,510,000 $755,000 $0 4.38%
Cañon City, CO (FHA|USDA|VA) 1 $325,000 $325,000 $2,991 3.38%

Alpine Bank's top markets include Glenwood Springs, Denver, Edwards, Breckenridge, and Grand Junction among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,662 $1,126,990,000 $423,362 $5,645 3.83%

For the 2021 period, Alpine Bank's most frequently originated loan type of loans were Conventional, with 2,662 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 881 $567,595,000 $644,262 $7,544 3.87%
Refi 713 $329,865,000 $462,644 $4,019 3.56%
Home Improvement 585 $104,195,000 $178,111 $10,020 4.10%
Other 325 $73,825,000 $227,154 $7,040 4.12%
Cash Out Refi 158 $51,510,000 $326,013 $3,137 3.14%

For the 2021, Alpine Bank's most frequently cited loan purpose of loans were Home Purchase, with 881 originations. The 2nd most popular reason of loans were Refi, with 713 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 1,008 $304,440,000 $302,024 $1,544 4.09%
30 Year 904 $489,620,000 $541,615 $5,090 3.45%
5 Year 388 $103,480,000 $266,701 $578 4.20%
15 Year 116 $35,910,000 $309,569 $3,055 2.74%
1 Year 108 $55,330,000 $512,315 $17,043 4.19%
30+ year 66 $82,730,000 $1,253,485 $16,881 3.96%
Other 32 $38,510,000 $1,203,438 $9,733 4.22%
20 Year 30 $9,610,000 $320,333 $2,496 3.54%
3 Year 10 $7,360,000 $736,000 $0 4.38%

For the 2021, Alpine Bank's most frequently cited loan length of loans were 10 Year, with 1,008 originations. The 2nd most popular length of loans were 30 Year, with 904 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 573 $208,005,000 $363,010
$5k+ 171 $264,345,000 $1,545,877
$3k-4k 111 $51,515,000 $464,099
$2k-3k 83 $29,165,000 $351,386
$<1k 77 $21,775,000 $282,792

$5,090 of loans were Alpine Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 573 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,181 $642,875,000 $544,348
4-5% 936 $290,670,000 $310,545
2.5-3% 430 $164,520,000 $382,605
<2.5% 63 $20,135,000 $319,603
5-6% 48 $8,090,000 $168,542
6-7% 3 $445,000 $148,333
7-8% 1 $255,000 $255,000

During 2021, Alpine Bank's average interest rate of loans were 3.45%, while their most frequently originated rate bucket of loans were 3-4%, with 1,181 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 812 $229,470,000 $282,599 $3,251 3.73%
$100k-200k 537 $74,055,000 $137,905 $2,534 3.95%
$100,000 or less 478 $25,740,000 $53,849 $1,697 4.14%
$400k-600k 471 $219,725,000 $466,507 $4,175 3.60%
$600k-1MM 193 $147,075,000 $762,047 $6,508 3.61%
$1MM+ 171 $430,925,000 $2,520,029 $23,657 3.87%

2021 saw Alpine Bank place emphasis on $200k-400k loans with 812 originations, totaling $229,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 546 $386,600,000 $708,059 $11,356 3.91%
$150k-250k 488 $159,760,000 $327,377 $4,368 3.82%
$100k-150k 460 $128,470,000 $279,283 $3,638 3.83%
$50k-75k 289 $56,675,000 $196,107 $3,044 3.69%
$75k-100k 285 $61,475,000 $215,702 $3,266 3.77%
$50k or less 156 $25,820,000 $165,513 $2,794 3.71%

Alpine Bank lent most frequently to those with incomes in the $250k+ range, with 546 originations. The second most popular income band? $150k-250k, with 488 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 588 $233,440,000 $397,007 $6,297 3.72%
<20% 415 $162,985,000 $392,735 $6,385 3.90%
30-36% 400 $132,060,000 $330,150 $4,487 3.70%
42% 87 $30,845,000 $354,540 $4,986 3.73%
36% 83 $22,975,000 $276,807 $3,598 3.67%
48% 70 $17,240,000 $246,286 $4,707 3.86%
40% 70 $18,570,000 $265,286 $3,843 3.76%
41% 70 $21,700,000 $310,000 $4,055 3.79%
37% 70 $43,070,000 $615,286 $8,817 3.68%
39% 68 $23,380,000 $343,824 $5,587 3.75%
38% 60 $22,530,000 $375,500 $4,388 3.68%
43% 60 $17,310,000 $288,500 $3,748 3.69%
46% 60 $17,950,000 $299,167 $3,317 3.74%
44% 54 $16,930,000 $313,519 $3,748 3.67%
47% 54 $16,560,000 $306,667 $5,206 3.78%
45% 49 $12,855,000 $262,347 $4,611 3.93%
>60% 39 $36,215,000 $928,590 $11,738 4.01%
50-60% 26 $8,740,000 $336,154 $7,828 4.31%
49% 24 $10,320,000 $430,000 $4,187 3.23%

Alpine Bank lent most frequently to those with DTI ratios of 20-30%, with 588 originations. The next most common DTI ratio? <20%, with 415 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,172 $834,070,000 $384,010 $5,677 3.80%
Not applicable 136 $166,730,000 $1,225,956 $14,674 4.13%
Not provided 310 $112,210,000 $361,968 $5,540 3.88%
Asian 28 $9,690,000 $346,071 $4,282 3.89%
American Indian 11 $2,875,000 $261,364 $2,843 3.57%
Black 1 $755,000 $755,000 $3,646 3.25%
Native Hawaiian 3 $385,000 $128,333 $4,645 3.71%
Korean 1 $275,000 $275,000 $3,569 3.63%

Approval Rates

Total approvals of all applications
91.54%

Alpine Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.47%

Alpine Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,662 $1,126,990,000 $423,362

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,662 $1,126,990,000 $423,362

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 569 $185,195,000 $325,475 $4,239 3.91%
40-60% 458 $267,040,000 $583,057 $5,290 3.56%
60-80% 666 $453,350,000 $680,706 $6,458 3.70%
80-100% 180 $104,790,000 $582,167 $5,695 3.53%
Over 100% 3 $4,485,000 $1,495,000 $0 4.21%
Under 20% 785 $110,875,000 $141,242 $2,957 4.10%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
ALPHA MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Alpine Bank 15 Village Square Snowmass Village, CO 81615 Limited, Drive-thru $25
Alpine Bank 10 West Beaver Creek Boulevard Avon, CO 81620 Full Service B&M $211,886
Alpine Bank 100 East 4th Street Rifle, CO 81650 Full Service B&M $148,345
Alpine Bank 104 Oakridge Drive Gypsum, CO 81637 Full Service B&M $22,527
Alpine Bank 1099 Main Avenue Durango, CO 81301 Full Service B&M $270,962
Alpine Bank 110 North Main Street Breckenridge, CO 80424 Limited, Mobile/Seasonal Office $0
Alpine Bank 110 North Main Street Breckenridge, CO 80424 Full Service B&M $119,114
Alpine Bank 119 Liddell Drive Ridgway, CO 81432 Full Service B&M $81,544
Alpine Bank 119e Aspen Airport Business Center Aspen, CO 81611 Full Service B&M $47,007
Alpine Bank 120 South Pine Street Telluride, CO 81435 Full Service B&M $308,798
Alpine Bank 125 N. Park Square Fruita, CO 81521 Full Service B&M $90,485
Alpine Bank 141 East Meadow Drive Vail, CO 81657 Full Service B&M $119,763
Alpine Bank 145 Midland Avenue Basalt, CO 81621 Full Service B&M $168,852
Alpine Bank 15 Kearns Road Snowmass Village, CO 81615 Full Service B&M $180,723
Alpine Bank 917 Main Street Ouray, CO 81427 Full Service B&M $32,496
Alpine Bank 0069 Edwards Access Road, Suite 4 Edwards, CO 81632 Full Service B&M $52,176
Alpine Bank 0350 Highway 133 Carbondale, CO 81623 Full Service B&M $318,687
Alpine Bank 2770 Alpine Drive Montrose, CO 81401 Full Service B&M $257,686
Alpine Bank 3243 1-70 Business Loop Clifton, CO 81520 Full Service B&M $86,711
Alpine Bank 350 Highway 133 Carbondale, CO 81623 Limited, Mobile/Seasonal Office $0
Alpine Bank 405 Airport Road Rifle, CO 81650 Full Service B&M $18,649
Alpine Bank 4949 South Niagara Street Suite 100 Denver, CO 80224 Full Service B&M $91,100
Alpine Bank 50891 Highway 6 & 24 Glenwood Springs, CO 81601 Full Service B&M $25,011
Alpine Bank 600 East Hopkins Avenue Aspen, CO 81611 Full Service B&M $466,218
Alpine Bank 701 North Summit Blvd Frisco, CO 80443 Full Service B&M $56,984
Alpine Bank 709 Horizon Drive Grand Junction, CO 81506 Full Service B&M $101,318
Alpine Bank 711 East Valley Road Basalt, CO 81621 Full Service B&M $128,615
Alpine Bank 810 Castle Valley Boulevard New Castle, CO 81647 Full Service B&M $64,003
Alpine Bank 82 Sipparelle Drive Parachute, CO 81636 Full Service B&M $50,104
Alpine Bank 910 Copper Road, Unit 125 Copper Mountain, CO 80443 Full Service B&M $9,678
Alpine Bank 1660 State Highway 92 Delta, CO 81416 Full Service B&M $59,408
Alpine Bank 175 Mercado Street Durango, CO 81301 Full Service B&M $40,707
Alpine Bank 1777 Wynkoop Street Denver, CO 80202 Full Service B&M $198,974
Alpine Bank 1901 Pine Grove Road Steamboat Springs, CO 80487 Full Service B&M $155,910
Alpine Bank 205 East Chambers Avenue Eagle, CO 81631 Full Service B&M $112,984
Alpine Bank 215 St. Paul Street, Suite 100 Denver, CO 80206 Full Service B&M $96,551
Alpine Bank 2200 Grand Avenue Glenwood Springs, CO 81601 Limited, Mobile/Seasonal Office $0
Alpine Bank 2200 Grand Avenue Glenwood Springs, CO 81601 Full Service B&M $523,244
Alpine Bank 225 North 5th Street Grand Junction, CO 81501 Full Service B&M $220,518
Alpine Bank 2375 Canyon Boulevard Boulder, CO 80302 Full Service B&M $50,811
Alpine Bank 2424 F Road Grand Junction, CO 81505 Full Service B&M $106,994
Alpine Bank 252 Dillion Ridge Road Dillon, CO 80435 Full Service B&M $117,645

For 2021, Alpine Bank had 42 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $178,683
Net interest income $177,279
Total noninterest income $48,535
Gross Fiduciary activities income $4,848
Service charges on deposit accounts $8,526
Trading account gains and fees $0
Additional Noninterest Income $35,161
Pre-tax net operating income $79,843
Securities gains (or losses, -) $-1,173
Income before extraordinary items $63,755
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $63,755
Minority interest net income $82
Net income $63,673
Sale, conversion, retirement of capital stock, net $0
Net operating income $64,705

Alpine Bank's gross interest income from loans was $178,683,000.
Alpine Bank's net interest income from loans was $177,279,000.
Alpine Bank's fee based income from loans was $8,526,000.
Alpine Bank's net income from loans was $63,673,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,404
Provision for credit losses $5,230
Total noninterest expense $140,741
Salaries and employee benefits $78,631
Premises and equipment expense $16,705
Additional noninterest expense $45,405
Applicable income taxes $14,915
Net charge-offs $-72
Cash dividends $15,200

Alpine Bank's interest expense for loans was $1,404,000.
Alpine Bank's payroll and benefits expense were $78,631,000.
Alpine Bank's property, plant and equipment expenses $16,705,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.7%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $5,635,145
Deposits held in domestic offices $5,635,145
Deposits by Individuals, partnerships, and corporations $5,249,993
Deposits by U.S. Government $65
Deposits by States and political subdivisions in the U.S. $373,210
Deposits by Commercial banks and other depository institutions in U.S. $11,877
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $3,495,075
Demand deposits $2,559,288
Nontransaction accounts $2,140,070
Money market deposit accounts (MMDAs) $1,859,421
Other savings deposits (excluding MMDAs) $168,693
Total time deposits $111,956
Total time and savings deposits $3,075,857
Noninterest-bearing deposits $2,250,072
Interest-bearing deposits $3,385,073
Retail deposits $5,608,684
IRAs and Keogh plan accounts $22,448
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $6,214,399
Cash & Balances due from depository institutions $861,771
Interest-bearing balances $785,191
Total securities $1,742,767
Federal funds sold & reverse repurchase $0
Net loans and leases $3,356,490
Loan and leases loss allowance $42,213
Trading account assets $7,671
Bank premises and fixed assets $86,754
Other real estate owned $1,170
Goodwill and other intangibles $17,631
All other assets $140,145

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $6,214,399
Total Liabilities $5,707,818
Total deposits $5,635,145
Interest-bearing deposits $3,385,073
Deposits held in domestic offices $5,635,145
% insured (estimated) $54
Federal funds purchased and repurchase agreements $9,078
Trading liabilities $7,697
Other borrowed funds $0
Subordinated debt $0
All other liabilities $55,898

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,356,490
Loan and leases loss allowance $42,213
Total loans and leases (domestic) $3,398,703
All real estate loans $3,038,818
Real estate loans in domestic offices $3,038,818
Construction and development loans $428,842
Residential 1-4 family construction $178,083
Other construction, all land development and other land $250,759
Loans secured by nonfarm nonresidential properties $1,032,396
Nonfarm nonresidential secured by owner-occupied properties $415,178
Commercial real estate & other non-farm, non-residential $617,218
Multifamily residential real estate $94,577
1-4 family residential loans $1,443,351
Farmland loans $39,652
Loans held in foreign offices $0
Farm loans $50
Commercial and industrial loans $237,175
To non-U.S. addressees $0
Loans to individuals $36,040
Credit card loans $4,704
Related Plans $5,376
Consumer Auto Loans $14,971
Other loans to individuals $10,989
All other loans & leases $96,251
Loans to foreign governments and official institutions $0
Other loans $12,059
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $1,131
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $3,530
Non 1-4 family restructured loans & leases $2,760
Total loans and leases (foreign) $0

Alpine Bank had $3,356,490,000 of loans outstanding in 2021. $3,038,818,000 of loans were in real estate loans. $428,842,000 of loans were in development loans. $94,577,000 of loans were in multifamily mortgage loans. $1,443,351,000 of loans were in 1-4 family mortgage loans. $50,000 of loans were in farm loans. $4,704,000 of loans were in credit card loans. $14,971,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 919 $266,887 $290,410
Nonfarm, nonresidential loans - <$100k 82 $3,121 $38,061
Nonfarm, nonresidential loans - $100-250k 328 $42,612 $129,915
Nonfarm, nonresidential loans - $250k-1MM 509 $221,154 $434,487
Commercial & Industrial, US addressed loans - <$1MM 2,892 $107,129 $37,043
Commercial & Industrial, US addressed loans - <$100k 2,424 $30,585 $12,618
Commercial & Industrial, US addressed loans - $100-250k 278 $29,127 $104,773
Commercial & Industrial, US addressed loans - $250k-1MM 190 $47,417 $249,563
Farmland loans - <$1MM 28 $2,917 $104,179
Farmland loans - <$100k 10 $341 $34,100
Farmland loans - $100-250k 11 $985 $89,545
Farmland loans - $250k-1MM 7 $1,591 $227,286
Agriculture operations loans - <$1MM 2 $50 $25,000
Agriculture operations loans - <$100k 2 $50 $25,000