PO Box 7920, 331 Dock Street
Ketchikan, AK 99901
800-478-6101
www.firstbankak.com



First Bank is the kind of bank that knows their community, its citizens and its needs. At First Bank, they say "community first," because they live there, work there, play there. Their board of directors, along with bank management and staff, consistently deliver the kind of financial products and services that help their community grow. They make all their decisions locally so their customers can get the answers they need, when they need them.

First Bank Routing Number: 125200044

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See Rates for: Checking | Savings | Money Market | CD

First Bank Checking Account Rates

ApyMinMaxProduct
0.25%$500k-Business Interest Checking
0.20%$500k-Small Business Interest Checking
0.15%$100k-Income Checking

First Bank Savings Account Rates

ApyMinMaxProduct
0.35%$500k-Personal Peak Savings
0.35%$500k-Business Peak Savings
0.25%$100k-Personal First Premium
0.25%$100k-Personal IRA First Premium
0.25%$100k-Business First Premium
0.25%$100k-Business IRA First Premium
0.06%--Government Savings Account

First Bank Money Market Rates

ApyMinMaxProduct
0.15%$25k-Business Money Market Savings
0.15%$25k-Personal Money Market Savings

First Bank CD Rates

ApyMinMaxProduct
1.21%$100k$250kTime Deposits 60 Months
1.16%$100k$250kTime Deposits 48 to 59 Months
1.06%$100k$250kTime Deposits 36 to 47 Months
0.85%$100k$250kTime Deposits 24 to 35 Months
0.50%$100k$250kTime Deposits 12 to 23 Months
0.40%$100k$250kTime Deposits 180 to 364 Days
0.35%$100k$250kTime Deposits 90 to 179 Days
0.20%$100k$250kTime Deposits 30 to 89 Days

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


First Bank
FDIC Certificate #14885
BankRate ReportView
Year Established1924
Employees140
Primary RegulatorFDIC

Assets and Liabilities

Assets$473.47 million
Loans$205.19 million
Deposits$419.84 million
Equity Capital$44.59 million
Loan Loss Allowance$3.65 million
Unbacked Noncurrent Loans$2.75 million
Real Estate Owned$997,000

Historic Data - September 2010

Assets$474.75 million
Equity Capital$41.61 million
Loan Loss Allowance$3.45 million
Unbacked Noncurrent Loans$210,000
Real Estate Owned$4.17 million

Profit Margin - Quarterly

Net Interest Margin3.74%
Return on Assets0.93%
Return on Equity9.82%
Interest Income$14.02 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Bank had $3.75 million in non-current loans and owned real-estate with $48.24 million in equity and loan loss allowances on hand to cover it. This gives First Bank a Texas Ratio of 7.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for First Bank decreased slightly from 9.73% as of September 30, 2010 to 7.77% as of September 30, 2011, resulting in a positive change of 20.07%.This indicates that the balance sheet and financial strength for First Bank has improved slightly in recent periods.
Deposit Growth3
In the past year, First Bank has decreased its total deposits by -$3.99 million, resulting in -0.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank has shown is average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank has $473.47 million in assets with $48.24 million in equity, resulting in a capitalization level of 10.19%, which is above average.
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