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.
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 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
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
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
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 Established | 1965 |
| Employees | 78 |
| Primary Regulator | FDIC |
| 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 Margin | 3.86% |
| Return on Assets | 0.92% |
| Return on Equity | 4.49% |
| Interest Income | $3.09 million |
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Mt. McKinley Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.08% | - | - | Savings Account |
Mt. McKinley Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.11% | $1m | $1,500k | Money Market Investment | |
| 0.07% | - | - | Money Market Plus |
Mt. McKinley Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.03% | - | - | NOW Checking |
Mt. McKinley Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 |
| 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 |