First Bank

Overview / Commentary
331 Dock Street
Ketchikan, AK 99901

First Bank is headquartered in Ketchikan and is the 3rd largest bank in the state of Alaska. It is also the 1,203rd largest bank in the nation. It was established in 1924 and as of September of 2021, it had grown to 141 employees at 9 locations. First Bank has an A health rating.


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Health Grade Components

FDIC Certificate #14885
Year Established1924
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD14.21%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$793.6MM$676.9MM
LoansQ3 2021vs Q3 2020$214.2MM$269.5MM
DepositsQ3 2021vs Q3 2020$719.7MM$606.2MM
Equity CapitalQ3 2021vs Q3 2020$70.2MM$69.2MM
Loan Loss AllowanceQ3 2021vs Q3 2020$4.4MM$3.9MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$753.00K$781.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0

Rates for First Bank are currently being reviewed.


First Bank Locations
Petersburg Branch103 Nordic DrivePetersburg, AK 99833
Sitka Branch203 Lake StreetSitka, AK 99835
First Bank Financial Center2030 Sealevel DriveKetchikan, AK 99901
Wrangell Branch224 Brueger StWrangell, AK 99929
Totem Branch2530 Tongass AvenueKetchikan, AK 99901
Mendenhall Branch3075 Vintage BoulevardJuneau, AK 99801
First Bank331 Dock StreetKetchikan, AK 99901
Prince Of Wales Branch306 Main StreetCraig, AK 99921
Juneau Branch605 W Willoughby AvenueJuneau, AK 99801

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