Alpine Bank Mortgage Rates, Fees & Info
Glenwood Springs, COLEI: OYWNLMHNBQQ7BAH3EE86
Tax ID: 84-0788527
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Mortgage Data
Bank Data
Review & Overview
Alpine Bank is a smaller bank specializing in Home Purchase and Refi loans. Alpine Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Glenwood Springs, Edwards, Denver, Grand Junction, and Breckenridge among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Alpine Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Alpine Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/22/24 |
| 30 Year Conventional Purchase | 6.63% | 4/22/24 |
| 30 Year Conventional Refi | 6.64% | 4/22/24 |
| 30 Year Cash-out Refi | 6.47% | 4/22/24 |
| 30 Year FHA Purchase | 7.49% | 4/22/24 |
| 30 Year VA Purchase | 5.64% | 4/22/24 |
| 15 Year Conventional Purchase | 6.82% | 4/22/24 |
| 15 Year Conventional Refi | 5.94% | 4/22/24 |
| 15 Year Cash-out Refi | 5.94% | 4/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Alpine Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,918Origination Dollar Volume (All Markets)
$551,300,000Employee count
714Awards
Alpine Bank - 2018
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For 2018, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Glenwood Springs, CO (FHA|USDA|VA) | 462 | $156,950,000 | $339,719 | $4,427 | 5.09% |
| Edwards, CO (FHA|USDA|VA) | 159 | $73,435,000 | $461,855 | $4,739 | 5.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 188 | $64,580,000 | $343,511 | $4,625 | 5.03% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 386 | $62,830,000 | $162,772 | $3,220 | 5.19% |
| Outside of Metro Areas | 142 | $42,270,000 | $297,676 | $4,603 | 5.07% |
| Breckenridge, CO (FHA|USDA|VA) | 132 | $40,730,000 | $308,561 | $4,495 | 5.14% |
| Durango, CO (FHA|USDA|VA) | 153 | $38,365,000 | $250,752 | $3,319 | 5.02% |
| Steamboat Springs, CO (FHA|USDA|VA) | 85 | $28,285,000 | $332,765 | $5,160 | 5.05% |
| Montrose, CO (FHA|USDA|VA) | 162 | $24,440,000 | $150,864 | $3,324 | 5.09% |
| BOULDER, CO (FHA|USDA|VA) | 31 | $15,825,000 | $510,484 | $7,347 | 4.98% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $2,883 | 5.21% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $5,837 | 5.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 5.31% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,511 | 3.88% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| Craig, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Alpine Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
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Product Mix
For 2018, Alpine Bank's most frequently originated type of loan was HELOC, with 1,112 originations. Their 2nd most popular type was Conventional, with 788 originations.
Loan Reason
For 2018, Alpine Bank's most frequently cited loan purpose was Home Purchase, with 783 originations. The 2nd most popular reason was Home Improvement, with 399 originations.
Loan Duration/Length
For 2018, Alpine Bank's most frequently cited loan duration was 10 Year, with 717 originations. The 2nd most popular length was 30 Year, with 631 originations.
Origination Fees/Closing Costs
Alpine Bank's average total fees were $4,466, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 406 originations.
Interest Rates
During 2018, Alpine Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 5-6%, with 936 originations.
Loan Sizing
2018 saw Alpine Bank place emphasis on $100,000 or less loans with 579 originations, totaling $31,245,000 in origination value.
Applicant Income
Alpine Bank lent most frequently to those with incomes in the $100k-150k range, with 367 originations. The second most popular income band? $150k-250k, with 337 originations.
Applicant Debt to Income Ratio
Alpine Bank lent most frequently to those with DTI ratios of 20-30%, with 371 originations. The next most common DTI ratio? <20%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.33%
Alpine Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.72%
Alpine Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,918 | $551,300,000 | $287,435 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLY FINANCIAL INC. | Other type of mortgage | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 30.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Closing on a mortgage | 2 | 20.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 2 | 20.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Alpine Bank | 119 Liddell Drive Ridgway, CO 81432 | Full Service B&M | $48,723 |
| Alpine Bank | 701 North Summit Blvd Frisco, CO 80443 | Full Service B&M | $33,351 |
| Alpine Bank | 0069 Edwards Access Road, Suite 4 Edwards, CO 81632 | Full Service B&M | $33,777 |
| Alpine Bank | 0350 Highway 133 Carbondale, CO 81623 | Full Service B&M | $214,915 |
| Alpine Bank | 10 West Beaver Creek Boulevard Avon, CO 81620 | Full Service B&M | $107,279 |
| Alpine Bank | 100 East 4th Street Rifle, CO 81650 | Full Service B&M | $108,403 |
| Alpine Bank | 104 Oakridge Drive Gypsum, CO 81637 | Full Service B&M | $14,116 |
| Alpine Bank | 1099 Main Avenue Durango, CO 81301 | Full Service B&M | $138,941 |
| 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 | $69,805 |
| Alpine Bank | 119e Aspen Airport Business Center Aspen, CO 81611 | Full Service B&M | $35,032 |
| Alpine Bank | 120 South Pine Street Telluride, CO 81435 | Full Service B&M | $201,008 |
| Alpine Bank | 125 N. Park Square Fruita, CO 81521 | Full Service B&M | $52,208 |
| Alpine Bank | 1400 E Main Montrose, CO 81401 | Full Service B&M | $32,315 |
| Alpine Bank | 141 East Meadow Drive Vail, CO 81657 | Full Service B&M | $77,306 |
| Alpine Bank | 145 Midland Avenue Basalt, CO 81621 | Full Service B&M | $113,906 |
| Alpine Bank | 15 Kearns Road Snowmass Village, CO 81615 | Full Service B&M | $125,745 |
| Alpine Bank | 15 Village Square Snowmass Village, CO 81615 | Limited, Drive-thru | $847 |
| Alpine Bank | 1660 State Highway 92 Delta, CO 81416 | Full Service B&M | $34,882 |
| Alpine Bank | 175 Mercado Street Durango, CO 81301 | Full Service B&M | $18,785 |
| Alpine Bank | 1777 Wynkoop Street Denver, CO 80202 | Full Service B&M | $78,242 |
| Alpine Bank | 1901 Pine Grove Road Steamboat Springs, CO 80487 | Full Service B&M | $124,395 |
| Alpine Bank | 205 East Chambers Avenue Eagle, CO 81631 | Full Service B&M | $59,218 |
| Alpine Bank | 215 St. Paul Street, Suite 100 Denver, CO 80206 | Full Service B&M | $34,847 |
| 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 | $251,529 |
| Alpine Bank | 225 North 5th Street Grand Junction, CO 81501 | Full Service B&M | $163,976 |
| Alpine Bank | 2424 F Road Grand Junction, CO 81505 | Full Service B&M | $76,528 |
| Alpine Bank | 252 Dillion Ridge Road Dillon, CO 80435 | Full Service B&M | $77,731 |
| Alpine Bank | 2770 Alpine Drive Montrose, CO 81401 | Full Service B&M | $105,153 |
| Alpine Bank | 3243 1-70 Business Loop Clifton, CO 81520 | Full Service B&M | $55,857 |
| 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 | $14,278 |
| Alpine Bank | 4949 South Niagara Street Suite 100 Denver, CO 80224 | Full Service B&M | $3,650 |
| Alpine Bank | 50891 Highway 6 & 24 Glenwood Springs, CO 81601 | Full Service B&M | $16,278 |
| Alpine Bank | 600 East Hopkins Avenue Aspen, CO 81611 | Full Service B&M | $355,713 |
| Alpine Bank | 709 Horizon Drive Grand Junction, CO 81506 | Full Service B&M | $73,412 |
| Alpine Bank | 711 East Valley Road Basalt, CO 81621 | Full Service B&M | $74,147 |
| Alpine Bank | 810 Castle Valley Boulevard New Castle, CO 81647 | Full Service B&M | $37,253 |
| Alpine Bank | 82 Sipparelle Drive Parachute, CO 81636 | Full Service B&M | $43,037 |
| Alpine Bank | 910 Copper Road, Unit 125 Copper Mountain, CO 80443 | Full Service B&M | $6,187 |
| Alpine Bank | 917 Main Street Ouray, CO 81427 | Full Service B&M | $32,884 |
For 2018, Alpine Bank had 42 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $151,435 |
| Net interest income | $148,158 |
| Total noninterest income | $34,321 |
| Gross Fiduciary activities income | $3,302 |
| Service charges on deposit accounts | $8,953 |
| Trading account gains and fees | $368 |
| Additional Noninterest Income | $21,698 |
| Pre-tax net operating income | $69,286 |
| Securities gains (or losses, -) | $499 |
| Income before extraordinary items | $56,967 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $56,967 |
| Minority interest net income | $-158 |
| Net income | $57,125 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $56,557 |
Alpine Bank's gross interest income from loans was $151,435,000.
Alpine Bank's net interest income from loans was $148,158,000.
Alpine Bank's fee based income from loans was $8,953,000.
Alpine Bank's net income from loans was $57,125,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,277 |
| Provision for credit losses | $0 |
| Total noninterest expense | $113,193 |
| Salaries and employee benefits | $62,809 |
| Premises and equipment expense | $14,440 |
| Additional noninterest expense | $35,944 |
| Applicable income taxes | $12,818 |
| Net charge-offs | $282 |
| Cash dividends | $16,900 |
Alpine Bank's interest expense for loans was $3,277,000.
Alpine Bank's payroll and benefits expense were $62,809,000.
Alpine Bank's property, plant and equipment expenses $14,440,000.
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 | 0.9% |
| 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 | $3,284,116 |
| Deposits held in domestic offices | $3,284,116 |
| Deposits by Individuals, partnerships, and corporations | $3,045,601 |
| Deposits by U.S. Government | $67 |
| Deposits by States and political subdivisions in the U.S. | $230,168 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,275 |
| Deposits by Banks in foreign countries | $5 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $387,945 |
| Demand deposits | $296,848 |
| Nontransaction accounts | $2,896,171 |
| Money market deposit accounts (MMDAs) | $2,619,484 |
| Other savings deposits (excluding MMDAs) | $128,262 |
| Total time deposits | $148,425 |
| Total time and savings deposits | $2,987,268 |
| Noninterest-bearing deposits | $1,176,273 |
| Interest-bearing deposits | $2,107,843 |
| Retail deposits | $3,245,137 |
| IRAs and Keogh plan accounts | $19,416 |
| Brokered deposits | $1 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,706,400 |
| Cash & Balances due from depository institutions | $369,245 |
| Interest-bearing balances | $303,202 |
| Total securities | $732,521 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,406,890 |
| Loan and leases loss allowance | $28,506 |
| Trading account assets | $1,266 |
| Bank premises and fixed assets | $71,616 |
| Other real estate owned | $2,103 |
| Goodwill and other intangibles | $17,631 |
| All other assets | $105,128 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,706,400 |
| Total Liabilities | $3,355,984 |
| Total deposits | $3,284,116 |
| Interest-bearing deposits | $2,107,843 |
| Deposits held in domestic offices | $3,284,116 |
| % insured (estimated) | $59 |
| Federal funds purchased and repurchase agreements | $39,067 |
| Trading liabilities | $1,266 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $31,535 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,406,890 |
| Loan and leases loss allowance | $28,506 |
| Total loans and leases (domestic) | $2,435,396 |
| All real estate loans | $2,248,888 |
| Real estate loans in domestic offices | $2,248,888 |
| Construction and development loans | $334,672 |
| Residential 1-4 family construction | $112,137 |
| Other construction, all land development and other land | $222,535 |
| Loans secured by nonfarm nonresidential properties | $767,165 |
| Nonfarm nonresidential secured by owner-occupied properties | $336,998 |
| Commercial real estate & other non-farm, non-residential | $430,167 |
| Multifamily residential real estate | $59,195 |
| 1-4 family residential loans | $1,022,905 |
| Farmland loans | $64,951 |
| Loans held in foreign offices | $0 |
| Farm loans | $145 |
| Commercial and industrial loans | $118,470 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $31,662 |
| Credit card loans | $4,684 |
| Related Plans | $6,162 |
| Consumer Auto Loans | $8,766 |
| Other loans to individuals | $12,050 |
| All other loans & leases | $41,179 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $15,739 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $621 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $18,963 |
| Non 1-4 family restructured loans & leases | $16,819 |
| Total loans and leases (foreign) | $0 |
Alpine Bank had $2,406,890,000 of loans outstanding in 2018. $2,248,888,000 of loans were in real estate loans. $334,672,000 of loans were in development loans. $59,195,000 of loans were in multifamily mortgage loans. $1,022,905,000 of loans were in 1-4 family mortgage loans. $145,000 of loans were in farm loans. $4,684,000 of loans were in credit card loans. $8,766,000 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 | 827 | $217,878 | $263,456 |
| Nonfarm, nonresidential loans - <$100k | 120 | $4,589 | $38,242 |
| Nonfarm, nonresidential loans - $100-250k | 310 | $41,029 | $132,352 |
| Nonfarm, nonresidential loans - $250k-1MM | 397 | $172,260 | $433,904 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,199 | $59,498 | $27,057 |
| Commercial & Industrial, US addressed loans - <$100k | 1,927 | $17,153 | $8,901 |
| Commercial & Industrial, US addressed loans - $100-250k | 155 | $14,660 | $94,581 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 117 | $27,685 | $236,624 |
| Farmland loans - <$1MM | 40 | $5,477 | $136,925 |
| Farmland loans - <$100k | 11 | $440 | $40,000 |
| Farmland loans - $100-250k | 20 | $2,657 | $132,850 |
| Farmland loans - $250k-1MM | 9 | $2,380 | $264,444 |
| Agriculture operations loans - <$1MM | 3 | $145 | $48,333 |
| Agriculture operations loans - <$100k | 3 | $145 | $48,333 |