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Overview / Commentary
800-856-4362
101 W. 36th Avenue
Anchorage, AK 99510

First National Bank Alaska is headquartered in Anchorage and is the largest bank in the state of Alaska. It is also the 244th largest bank in the nation. It was established in 1922 and as of March of 2014, it had grown to 675 employees at 30 locations. First National Bank Alaska has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 National Bank Alaska had $18.86 million in non-current loans and owned real-estate with $470.04 million in equity and loan loss allowances on hand to cover it. This gives First National Bank Alaska a Texas Ratio of 4.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First National Bank Alaska decreased dramatically from 8.06% as of March 31, 2013 to 4.01% as of March 31, 2014, resulting in a positive change of 50.23%.This indicates that the balance sheet and financial strength for First National Bank Alaska has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First National Bank Alaska has increased its total deposits by $115.08 million, resulting in 5.7% 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 National Bank Alaska has shown is excellent.

Capitalization

GRADE:
A+

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 National Bank Alaska has $3.2 billion in assets with $470.04 million in equity, resulting in a capitalization level of 14.67%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #16130
Year Established1922
Employees675
Primary RegulatorOCC
Assets and Liabilities
Assets$3.20 billion
Loans$1.32 billion
Deposits$2.14 billion
Equity Capital$457.79 million
Loan Loss Allowance$12.25 million
Unbacked Noncurrent Loans$5.37 million
Real Estate Owned$13.49 million
Historic Data - March 2013
Assets$2.96 billion
Equity Capital$462.08 million
Loan Loss Allowance$12.25 million
Unbacked Noncurrent Loans$5.37 million
Real Estate Owned$14.88 million
Profit Margin - Quarterly
Net Interest Margin3.26%
Return on Assets0.95%
Return on Equity6.58%
Interest Income$25.12 million
Rates

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Locations

First National Bank Alaska has 30 locations. Click to view all First National Bank Alaska locations.