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



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Alaska First Bank & Trust, National Association
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)31
Total assets$57,320
Cash and due from depository institutions$2,389
Interest-bearing balances$0
Securities$28,472
Federal funds sold & reverse repurchase agreements$9,137
Net loans & leases$13,515
Loan loss allowance $247
Trading account assets$0
Bank premises and fixed assets$211
Other real estate owned$0
Goodwill and other intangibles$1,153
All other assets$2,443
Life insurance assets$1,170
Total liabilities and capital$57,320
Total liabilities$51,187
Total deposits$47,295
Interest-bearing deposits$29,037
Deposits held in domestic offices$47,295
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $3,716
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $176
Total equity capital$6,133
Total bank equity capital$6,133
Perpetual preferred stock$6,133
Common stock$0
Surplus$225
Undivided profits $3,838
Memoranda
Noncurrent loans and leases $2,070
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,136
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $280
Average Assets, quarterly $51,124
Volatile liabilities $7,917
Insider loans $59,435
FHLB advances $59,067
Loans and leases held for sale $5,320
Unused loan commitments $892
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,136
Restructured Loans and leases $0
Derivatives$247
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $2,740
Total interest expense $702
Net interest income $2,038
Provision for loan and lease losses $70
Total noninterest income $1,888
Fiduciary activities $0
Service charges on deposit accounts $199
Trading account gains & fees $0
Additional noninterest income $1,689
Total noninterest expense $3,593
Salaries and employee benefits $1,949
Premises and equipment expense $634
Additional noninterest expense $1,010
Pre-tax net operating income $263
Securities gains (losses) $0
Applicable income taxes $51
Income before extraordinary items $212
Extraordinary gains - net $0
Net income attributable to bank $212
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $156
Net operating income $0
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.19%
Cost of funding earning assets 1.33%
Net interest margin 3.86%
Noninterest income to earning assets 3.58%
Noninterest expense to earning assets 6.81%
Net operating income to assets 0.36%
Return on assets (ROA) 0.36%
Pretax return on assets 0.44%
Return on equity (ROE) 3.61%
Retained earnings to average equity (YTD only) 3.61%
Net charge-offs to loans 1.12%
Credit loss provision to net charge-offs 44.87%
Efficiency ratio2.13%
Assets per employee$91,518
Cash dividends to net income (YTD only)1.85%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.79%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 28.58%
Equity capital to assets 29.58%
Core capital (leverage) ratio 10.70%
Tier 1 risk-based capital ratio 9.26%
Total risk-based capital ratio 23.98%
Memoranda
Average assets$25
Average earning assets$59,435
Average equity $5,871
Average loans $52,770
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$70
Number of Accounts1
Personal trust and agency accounts$70
Employee benefit-defined contribution accounts$70
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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