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Overview / Commentary
500 Fourth Ave
Fairbanks, AK 99701

Mt. McKinley Bank is headquartered in Fairbanks and is the 4th largest bank in the state of Alaska. It is also the 1,933rd largest bank in the nation. It was established in 1965 and as of March of 2014, it had grown to 78 employees at 5 locations. Mt. McKinley Bank 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 Mt. McKinley Bank had $251,000 in non-current loans and owned real-estate with $71.55 million in equity and loan loss allowances on hand to cover it. This gives Mt. McKinley Bank a Texas Ratio of 0.35% 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 Mt. McKinley Bank decreased dramatically from 0.83% as of March 31, 2013 to 0.35% as of March 31, 2014, resulting in a positive change of 57.75%.This indicates that the balance sheet and financial strength for Mt. McKinley Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Mt. McKinley Bank has increased its total deposits by $10.64 million, resulting in 4.13% 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 Mt. McKinley Bank 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. Mt. McKinley Bank has $339.89 million in assets with $71.55 million in equity, resulting in a capitalization level of 21.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #19525
Year Established1965
Employees78
Primary RegulatorFDIC
Assets and Liabilities
Assets$339.89 million
Loans$113.97 million
Deposits$268.09 million
Equity Capital$69.88 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$251,000
Real Estate Owned$0
Historic Data - March 2013
Assets$326.91 million
Equity Capital$67.27 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$251,000
Real Estate Owned$304,000
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.92%
Return on Equity4.49%
Interest Income$3.09 million
Rates

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

Mt. McKinley Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%--Savings Account

Mt. McKinley Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.11%$1m$1,500kMoney Market Investment
0.07%--Money Market Plus

Mt. McKinley Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%--NOW Checking

Mt. McKinley Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-5 Year Time Deposits CD
0.45%$500-3 Year Time Deposits CD
0.25%$500-2 Year Opportunity Plus CD
0.25%$500-2 Year Time Deposits CD
0.18%$500-1 Year Time Deposits CD
0.18%$500-1 Year Opportunity Plus CD
0.12%$500-6 Month Time Deposits CD
0.12%$500-9 Month Time Deposits CD
0.10%$500-91 Day Time Deposits CD
0.09%$500-30 Day Time Deposits CD

Mt. McKinley Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-5 Year Time Deposits IRA CD
0.45%$500-3 Year Time Deposits IRA CD
0.25%$500-2 Year Time Deposits IRA CD
0.18%$500-1 Year Time Deposits IRA CD
0.12%$500-6 Month Time Deposits IRA CD
0.12%$500-9 Month Time Deposits IRA CD
Locations


Mt. McKinley Bank Locations
Northeast Branch1248 Old Steese HighwayFairbanks, AK 99701
Delta Junction Branch1380 Richardson HighwayDelta Junction, AK 99737
University Avenue Branch1380 University AvenueFairbanks, AK 99709
North Pole45 St. Nicholas DriveFairbanks, AK 99701
Mt. Mckinley Bank500 Fourth AveFairbanks, AK 99701