Alaska First Bank & Trust, National Association in Anchorage, Alaska (AK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 2007

  • Alaska First Bank & Trust, National Association in Anchorage, Alaska (AK)
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Alaska First Bank & Trust, National Association - Overview

  • General
  • FDIC Certificate #: 27311
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northrim Bank (#33216)
    Federal Reserve ID: 1213768
    Date Established: August 03, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 14154
    FDIC's unique #: 39459
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 03, 1988
    Last Structure Change Effective Date: October 20, 2007
    Last Structure Change Process Date: November 09, 2007
    Last Data Update: November 09, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 3301 C Street, Anchorage, AK 99503
    County: Anchorage
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Anchorage, AK (#380)
    Core Based Statistical Area (CBSA): Anchorage, AK (#11260)
    CBSA Metro Statistical Area: Anchorage, AK (#11260)
  • Financial Summary
  • Total assets: $56.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $57,320Total assets
  • $2,389Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,472Securities
  • $9,137Federal funds sold & reverse repurchase agreements
  • $13,515Net loans & leases
  • $247Loan loss allowance
  • $0Trading account assets
  • $211Bank premises and fixed assets
  • $0Other real estate owned
  • $1,153Goodwill and other intangibles
  • $1,170Life insurance assets
  • $2,443All other assets
  • $57,320Total liabilities and capital
  • $51,187Total liabilities
  • $47,295Total deposits
  • $29,037Interest-bearing deposits
  • $47,295Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,716Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $176All other liabilities
  • $6,133Total equity capital
  • $6,133Total bank equity capital
  • $6,133Perpetual preferred stock
  • $0Common stock
  • $225Surplus
  • $3,838Undivided profits
  • Memoranda
  • $2,070Noncurrent loans and leases
  • $3,136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $280Average Assets, year-to-date
  • $51,124Average Assets, quarterly
  • $7,917Volatile liabilities
  • $59,435Insider loans
  • $59,067FHLB advances
  • $5,320Loans and leases held for sale
  • $892Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,136Total unused commitments
  • $0Restructured Loans and leases
  • $247Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,740Total interest income
  • $702Total interest expense
  • $2,038Net interest income
  • $70Provision for loan and lease losses
  • $1,888Total noninterest income
  • $0Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,689Additional noninterest income
  • $3,593Total noninterest expense
  • $1,949Salaries and employee benefits
  • $634Premises and equipment expense
  • $1,010Additional noninterest expense
  • $263Pre-tax net operating income
  • $0Securities gains (losses)
  • $51Applicable income taxes
  • $212Income before extraordinary items
  • $0Extraordinary gains - net
  • $212Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $156Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.86%Net interest margin
  • 3.58%Noninterest income to earning assets
  • 6.81%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 3.61%Return on equity (ROE)
  • 3.61%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 44.87%Credit loss provision to net charge-offs
  • 2.13%Efficiency ratio
  • 91,518Assets per employee
  • 1.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 28.58%Net loans and leases to core deposits
  • 29.58%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 9.26%Tier 1 risk-based capital ratio
  • 23.98%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $59,435Average earning assets
  • $5,871Average equity
  • $52,770Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $70Managed Assets
  • 1Number of Accounts
  • $70Personal trust and agency accounts
  • $70Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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