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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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Bank had $3.8 million in non-current loans and owned real-estate with $49.26 million in equity and loan loss allowances on hand to cover it. This gives First Bank a Texas Ratio of 7.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Bank experienced no significant changes from 5.52% as of March 31, 2013 to 7.72% as of March 31, 2014, resulting in a negative change of 39.94%. This indicates that the balance sheet and financial strength for First Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, First Bank has increased its total deposits by $44.38 million, resulting in 11.55% 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.



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 $479.34 million in assets with $49.26 million in equity, resulting in a capitalization level of 10.28%, which is above average.

Institution Statistics

FDIC Certificate #14885
Year Established1924
Primary RegulatorFDIC
Assets and Liabilities
Assets$479.34 million
Loans$206.81 million
Deposits$428.78 million
Equity Capital$45.96 million
Loan Loss Allowance$3.30 million
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$1.31 million
Historic Data - March 2013
Assets$434.51 million
Equity Capital$46.23 million
Loan Loss Allowance$3.21 million
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$1.97 million
Profit Margin - Quarterly
Return on Assets0.34%
Return on Equity3.49%
Interest Income$3.91 million

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First Bank Savings Account Rates

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

0.15%$25k-Personal Money Market Savings

First Bank Checking Account Rates

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

First Bank CD Rates

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

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