First Bank in Ketchikan, Alaska (AK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Bank in Ketchikan, Alaska (AK)
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First Bank - Overview

  • General
  • FDIC Certificate #: 14885
    Status: Active
    Federal Reserve ID: 451068
    Bank Holding Company (Regulatory Top Holder): First Bancorp, Inc. (RSSDID: 1416701, Location: Ketchikan, AK)
    Date Established: September 15, 1924
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 8885
    FDIC's unique #: 9320
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 23, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 331 Dock Street, Ketchikan, AK 99901
    County: Ketchikan Gateway
    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): Ketchikan, AK (#28540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $441.5 mil
    Equity capital: $45.3 mil
    Deposits held in domestic offices: $387.1 mil
    Return on assets (ROA): 0.94% ($4.1 mil)
    Quarterly return on assets: 0.94% ($4.1 mil)
    Return on Equity (ROE): 9.76% ($4.4 mil)
    Quarterly return on equity: 9.57% ($4.3 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.94% ($4,149.7 mil)
    Quarterly Pretax return on assets: 0.94% ($4,149.7 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, 2011)

  • Dollar figures in thousands
  • 139Total employees (full-time equivalent)
  • $441,456Total assets
  • $10,148Cash and due from depository institutions
  • $2,729Interest-bearing balances
  • $189,958Securities
  • $1Federal funds sold & reverse repurchase agreements
  • $210,621Net loans & leases
  • $3,630Loan loss allowance
  • $0Trading account assets
  • $18,140Bank premises and fixed assets
  • $962Other real estate owned
  • $2,667Goodwill and other intangibles
  • $441,456Life insurance assets
  • $8,959All other assets
  • $396,185Total liabilities and capital
  • $387,119Total liabilities
  • $288,569Total deposits
  • $387,119Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $1,066Subordinated debt
  • $45,271All other liabilities
  • $45,271Total equity capital
  • $45,271Total bank equity capital
  • $0Perpetual preferred stock
  • $1,015Common stock
  • $11,040Surplus
  • $33,216Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,905Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,495Income earned, not collected on loans
  • $0Earning assets
  • $1,751Long-term assets (5+ years)
  • $403,309Average Assets, year-to-date
  • $104,646Average Assets, quarterly
  • $452,699Volatile liabilities
  • $457,465Insider loans
  • $263,102FHLB advances
  • $460,605Loans and leases held for sale
  • $2,305Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,730Tier 2 risk-based capital
  • $2,305Total risk weighted assets
  • $0Total unused commitments
  • $29,867Restructured Loans and leases
  • $9,314Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,533Total interest income
  • $3,024Total interest expense
  • $15,509Net interest income
  • $250Provision for loan and lease losses
  • $4,849Total noninterest income
  • $0Fiduciary activities
  • $380Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,469Additional noninterest income
  • $16,626Total noninterest expense
  • $9,975Salaries and employee benefits
  • $3,159Premises and equipment expense
  • $3,492Additional noninterest expense
  • $3,482Pre-tax net operating income
  • $783Securities gains (losses)
  • $0Applicable income taxes
  • $4,265Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,265Net income attributable to bank
  • $0Net charge-offs
  • $4,265Cash dividends
  • $138Sale, conversion, retirement of capital stock, net
  • $2,271Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.76%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 9.76%Return on equity (ROE)
  • 4.56%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 181.16%Credit loss provision to net charge-offs
  • 27.04%Efficiency ratio
  • 81,668Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.25%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 242.81%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 54.41%Net loans and leases to core deposits
  • 60.31%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 15.48%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $452,699Average earning assets
  • $43,691Average equity
  • $412,733Average loans

List of branches

  • 9 Alaska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09320First Bank331 Dock Street, Ketchikan, AK 99901September 15, 1924Full Service Brick and Mortar
    1232375Totem Branch2530 Tongass Avenue, Ketchikan, AK 99901August 05, 1963Full Service Brick and Mortar
    2232376Prince Of Wales Branch3rd And Main Streets, Craig, AK 99921May 07, 1974Full Service Brick and Mortar
    3232377Petersburg Branch103 Nordic Drive, Petersburg, AK 99833July 02, 1974Full Service Brick and Mortar
    5232379Sitka Branch203 Lake Street, Sitka, AK 99835March 01, 1979Full Service Brick and Mortar
    7232381Wrangell Branch224 Bruger Street, Wrangell, AK 99929October 09, 1989Full Service Brick and Mortar
    8232382Juneau BranchOne Sealaska Plaza, Juneau, AK 99802June 04, 1990Full Service Brick and Mortar
    9232383Mendenhall Branch3075 Vintage Boulevard, Juneau, AK 99801March 01, 1992Full Service Brick and Mortar
    11431718First Bank Financial Center2030 Sealevel Drive, Ketchikan, AK 99901August 30, 2004Full Service Brick and Mortar

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