Mt. McKinley Bank
Mt. McKinley Bank is headquartered in Fairbanks and is the 4th largest bank in the state of Alaska. It is also the 1,902nd largest bank in the nation. It was established in 1965 and as of September of 2013, it had grown to 78 employees at 5 locations. Mt. McKinley Bank has a A+ health rating.
Data for Q3 2013
Institution Health
Texas Ratio
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 September 30, 2013 Mt. McKinley Bank had $364,000 in non-current loans and owned real-estate with $69.6 million in equity and loan loss allowances on hand to cover it. This gives Mt. McKinley Bank a Texas Ratio of 0.52% 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 Mt. McKinley Bank held steady from 0.41% as of September 30, 2012 to 0.52% as of September 30, 2013, resulting in a negative change of 26.77%. This indicates that the balance sheet and financial strength for Mt. McKinley Bank has held steady in recent periods.
Deposit Growth
In the past year, Mt. McKinley Bank has increased its total deposits by $7.95 million, resulting in 3.03% 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
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 $340.32 million in assets with $69.6 million in equity, resulting in a capitalization level of 20.45%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 19525 |
| Year Established | 1965 |
| Employees | 78 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $340.32 million |
| Loans | $114.14 million |
| Deposits | $269.86 million |
| Equity Capital | $67.90 million |
| Loan Loss Allowance | $1.71 million |
| Unbacked Noncurrent Loans | $280,000 |
| Real Estate Owned | $84,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $333.70 million |
| Equity Capital | $65.40 million |
| Loan Loss Allowance | $1.75 million |
| Unbacked Noncurrent Loans | $280,000 |
| Real Estate Owned | $91,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.8% |
| Return on Assets | 1.11% |
| Return on Equity | 5.46% |
| Interest Income | $8.85 million |
Sorry, we do not have rate data for Mt. McKinley Bank
| Mt. McKinley Bank Locations | ||
|---|---|---|
| Northeast Branch | 1248 Old Steese Highway | Fairbanks, AK 99701 |
| Delta Junction Branch | 1380 Richardson Highway | Delta Junction, AK 99737 |
| University Avenue Branch | 1380 University Avenue | Fairbanks, AK 99709 |
| North Pole | 45 St. Nicholas Drive | Fairbanks, AK 99701 |
| Mt. Mckinley Bank | 500 Fourth Ave | Fairbanks, AK 99701 |