Alpine Banks of Colorado announces financial results for second quarter 2025

Core Viewpoint - Alpine Banks of Colorado reported strong financial performance in the second quarter of 2025, with significant increases in net income and loan portfolio growth compared to previous periods [1][2]. Financial Performance - Net income for the second quarter of 2025 was $17.6 million, up from $14.3 million in the first quarter of 2025, marking a 23.1% increase [2][5]. - Year-to-date net income for the first half of 2025 reached $31.9 million, a 43% increase compared to $22.3 million in the first half of 2024 [2]. - Interest income rose by $3.0 million in the second quarter of 2025 compared to the first quarter, driven by higher yields and increased loan volume [2]. - Noninterest income increased by $0.7 million in the second quarter of 2025, primarily due to higher service charges and other income [2]. Loan Portfolio - Loans outstanding as of June 30, 2025, totaled $4.2 billion, reflecting a $87.0 million increase, or 2.1%, from the previous quarter [6]. - The growth in the loan portfolio was primarily driven by increases in commercial real estate loans ($81.8 million) and residential real estate loans ($77.0 million) [6]. - Year-over-year, loans outstanding increased by $145.7 million, or 3.6%, compared to $4.1 billion on June 30, 2024 [7]. Deposits - Total deposits decreased by $68.4 million, or 1.2%, to $5.9 billion during the second quarter of 2025, mainly due to declines in demand deposits and certificate of deposit accounts [8]. - However, total deposits increased by $76.6 million, or 1.3%, compared to $5.79 billion on June 30, 2024, driven by growth in money market accounts and demand deposits [9]. Capital and Ratios - The Bank maintained a "well capitalized" designation, with a Tier 1 Leverage Ratio of 9.90% and a Total Risk-Based Capital Ratio of 15.21% as of June 30, 2025 [12]. - Book value per share increased to $33.97 as of June 30, 2025, up by $1.03 from March 31, 2025 [13]. Dividends - The Company declared cash dividends of $0.21 per Class A and Class B common shares during the second quarter of 2025, payable on July 28, 2025 [14]. Company Overview - Alpine Banks of Colorado is an independent, employee-owned organization with total assets of $6.61 billion as of June 30, 2025, serving approximately 170,000 customers [15].