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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 249th largest bank in the nation. It was established in 1922 and as of December of 2013, it had grown to 667 employees at 30 locations. First National Bank Alaska has a A+ health rating.

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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 National Bank Alaska had $20.13 million in non-current loans and owned real-estate with $464.79 million in equity and loan loss allowances on hand to cover it. This gives First National Bank Alaska a Texas Ratio of 4.33% 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 8.16% as of December 31, 2012 to 4.33% as of December 31, 2013, resulting in a positive change of 46.92%.This indicates that the balance sheet and financial strength for First National Bank Alaska has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, First National Bank Alaska has increased its total deposits by $38.42 million, resulting in 1.87% 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 above average.

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 $3.1 billion in assets with $464.79 million in equity, resulting in a capitalization level of 14.98%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #16130
Year Established1922
Employees667
Primary RegulatorOCC
Assets and Liabilities
Assets$3.10 billion
Loans$1.29 billion
Deposits$2.10 billion
Equity Capital$452.54 million
Loan Loss Allowance$12.25 million
Unbacked Noncurrent Loans$6.80 million
Real Estate Owned$13.33 million
Historic Data - December 2012
Assets$3.02 billion
Equity Capital$460.12 million
Loan Loss Allowance$12.25 million
Unbacked Noncurrent Loans$6.80 million
Real Estate Owned$14.42 million
Profit Margin - Quarterly
Net Interest Margin3.44%
Return on Assets1.07%
Return on Equity7.1%
Interest Income$101.48 million
Rates

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Locations

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