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Overview / Commentary
800-478-6101
331 Dock Street
Ketchikan, AK 99901

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.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 First Bank had $2.16 million in non-current loans and owned real-estate with $49.7 million in equity and loan loss allowances on hand to cover it. This gives First Bank a Texas Ratio of 4.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Bank decreased slightly from 5.68% as of December 31, 2012 to 4.34% as of December 31, 2013, resulting in a positive change of 23.65%.This indicates that the balance sheet and financial strength for First Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Bank has increased its total deposits by $25.13 million, resulting in 6.18% 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 excellent.

Capitalization

GRADE:
B+

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 $482.13 million in assets with $49.7 million in equity, resulting in a capitalization level of 10.31%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14885
Year Established1924
Employees124
Primary RegulatorFDIC
Assets and Liabilities
Assets$482.13 million
Loans$207.70 million
Deposits$431.55 million
Equity Capital$46.38 million
Loan Loss Allowance$3.32 million
Unbacked Noncurrent Loans$685,000
Real Estate Owned$1.47 million
Historic Data - December 2012
Assets$462.77 million
Equity Capital$46.78 million
Loan Loss Allowance$3.12 million
Unbacked Noncurrent Loans$685,000
Real Estate Owned$2.01 million
Profit Margin - Quarterly
Net Interest Margin3.19%
Return on Assets0.71%
Return on Equity7.21%
Interest Income$15.22 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Bank, we are a rate comparison website and can not provide official rates or promotions.

First Bank Savings Account Rates

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

First Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Personal Money Market Savings

First Bank Checking Account Rates

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

First Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$100k$250k60 Months Time Deposits
1.16%$100k$250k48 to 59 Months Time Deposits
1.05%$100k$250k36 to 47 Months Time Deposits
0.85%$100k$250k24 to 35 Months Time Deposits
0.65%$25k$250k12 to 23 Months Time Deposits
0.40%$100k$250k180 to 364 Days Time Deposits
0.35%$100k$250k90 to 179 Days Time Deposits
0.20%$100k$250k30 to 89 Days Time Deposits
Locations


First Bank Locations
Petersburg Branch103 Nordic DrivePetersburg, AK 99833
Sitka Branch203 Lake StreetSitka, AK 99835
First Bank Financial Center2030 Sealevel DriveKetchikan, AK 99901
Wrangell Branch224 Bruger StreetWrangell, AK 99929
Totem Branch2530 Tongass AvenueKetchikan, AK 99901
Mendenhall Branch3075 Vintage BoulevardJuneau, AK 99801
First Bank331 Dock StreetKetchikan, AK 99901
Prince Of Wales Branch3rd and Main StreetsCraig, AK 99921
Juneau Branch605 W Willoughby AvenueJuneau, AK 99801