Alpine Banks of Colorado, the holding company for Alpine Bank, reported net income of $11 million for the fourth quarter and $57 million for 2023.

Fourth-quarter income amounted to $102.26 per basic Class A common share and 68 cents per basic Class B common share, the company reported.

“December 31st marked the finale of the 50th anniversary celebration for Alpine Banks of Colorado. We have been proud to serve the people of Colorado for the last 50 years and look forward to what comes ahead,” said Glen Jammaron, president and vice chairman of Alpine Bank.

“Amid our anniversary celebration events and a challenging environment for all bankers, Alpine has been creating our Vision 2030 plan to guide us into the future,” Jammaron said. “Alpine continues to benefit from a strong customer deposit base by operating as a true community bank. In fact, over 90 percent or our deposit funding is generated from within our local communities.”

A $6.5 billion, employee-owned organization headquartered in Glenwood Springs, Alpine Bank operates locations across Colorado. For additional information, visit www.alpinebank.com.