Alaska Pacific Bank in Juneau, Alaska (AK)
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Table of contents:
| Alaska Pacific Bank | |
|---|---|
| General | FDIC Certificate #: 29849 Status: Active Federal Reserve ID: 983372 Date Established: January 01, 1936 WWW: http://www.alaskapacificbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 4202 FDIC's unique #: 42683 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 24, 1937 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 2094 Jordan Avenue, Juneau, AK 99801 County: Juneau 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 Core Based Statistical Area (CBSA): Juneau, AK (#27940) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $171.4 mil Equity capital: $20.5 mil Deposits held in domestic offices: $147.4 mil Return on assets (ROA): 0.66% ($1.1 mil) Quarterly return on assets: 0.62% ($1.1 mil) Return on Equity (ROE): 5.65% ($1.1 mil) Quarterly return on equity: 5.32% ($1.1 mil) Net income: $1.1 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.66% ($1,131.2 mil) Quarterly Pretax return on assets: 0.62% ($1,062.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 59 |
| Total assets | $171,394 |
| Cash and due from depository institutions | $10,395 |
| Interest-bearing balances | $8,752 |
| Securities | $5,778 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $146,858 |
| Loan loss allowance | $1,865 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,450 |
| Other real estate owned | $880 |
| Goodwill and other intangibles | $1,098 |
| All other assets | $3,935 |
| Life insurance assets | $171,394 |
| Total liabilities and capital | $150,935 |
| Total liabilities | $147,367 |
| Total deposits | $116,164 |
| Interest-bearing deposits | $147,367 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $568 |
| All other liabilities | $20,459 |
| Total equity capital | $20,459 |
| Total bank equity capital | $20,459 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $9,084 |
| Undivided profits | $11,374 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $2,645 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $585 |
| Average Assets, year-to-date | $161,388 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $172,096 |
| Insider loans | $173,722 |
| FHLB advances | $130,721 |
| Loans and leases held for sale | $171,254 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $20,319 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,365 |
| Derivatives | $4,591 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,661 |
| Total interest expense | $689 |
| Net interest income | $7,972 |
| Provision for loan and lease losses | $373 |
| Total noninterest income | $1,477 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $198 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,279 |
| Total noninterest expense | $7,948 |
| Salaries and employee benefits | $4,512 |
| Premises and equipment expense | $1,593 |
| Additional noninterest expense | $1,843 |
| Pre-tax net operating income | $1,128 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,128 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,128 |
| Net charge-offs | $0 |
| Cash dividends | $1,128 |
| Sale, conversion, retirement of capital stock, net | -$219 |
| Net operating income | $358 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.38% |
| Cost of funding earning assets | 0.43% |
| Net interest margin | 4.95% |
| Noninterest income to earning assets | 0.92% |
| Noninterest expense to earning assets | 4.94% |
| Net operating income to assets | 0.66% |
| Return on assets (ROA) | 0.66% |
| Pretax return on assets | 0.66% |
| Return on equity (ROE) | 5.65% |
| Retained earnings to average equity (YTD only) | 3.85% |
| Net charge-offs to loans | -0.15% |
| Credit loss provision to net charge-offs | -170.32% |
| Efficiency ratio | 0.00% |
| Assets per employee | $84,115 |
| Cash dividends to net income (YTD only) | 2.90% |
| Condition Ratios (%) | |
| Loss allowance to loans | 31.74% |
| Loss allowance to noncurrent loans | 1.25% |
| Noncurrent assets plus other real estate owned to assets | 70.51% |
| Noncurrent loans to loans | 2.06% |
| Net loans and leases to deposits | 1.78% |
| Net loans and leases to core deposits | 99.65% |
| Equity capital to assets | 102.51% |
| Core capital (leverage) ratio | 11.94% |
| Tier 1 risk-based capital ratio | 11.86% |
| Total risk-based capital ratio | 15.54% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $172,096 |
| Average equity | $19,978 |
| Average loans | $160,938 |
| 5 Alaska Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 42683 | Alaska Pacific Bank | 2094 Jordan Avenue, Juneau, AK 99801 | January 01, 1936 | Full Service Brick and Mortar |  |
| 1 | 277462 | Lake Street Branch | 315 Lincoln Street, Sitka, AK 99835 | January 01, 1936 | Full Service Brick and Mortar |  |
| 2 | 277463 | Ketchikan Branch | 410 Mission Street, Ketchikan, AK 99901 | January 01, 1936 | Full Service Brick and Mortar | |
| 3 | 277461 | Juneau Downtown Branch | 301 North Franklin Street, Juneau, AK 99801 | January 01, 1936 | Full Service Brick and Mortar | |
| 102 | 277465 | Tongass Branch | 2442 Tongass Avenue, Ketchikan, AK 99901 | December 15, 1997 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.