First Bank in city_name, state_name - Detailed Financial Reports, Location

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
WWW: http://www.firstbankak.com
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

No	ID	Name	Address	Established	Service Type
0	9320	First Bank	331 Dock Street, Ketchikan, AK 99901	September 15, 1924	Full Service Brick and Mortar
1	232375	Totem Branch	2530 Tongass Avenue, Ketchikan, AK 99901	August 05, 1963	Full Service Brick and Mortar
2	232376	Prince Of Wales Branch	3rd And Main Streets, Craig, AK 99921	May 07, 1974	Full Service Brick and Mortar
3	232377	Petersburg Branch	103 Nordic Drive, Petersburg, AK 99833	July 02, 1974	Full Service Brick and Mortar
5	232379	Sitka Branch	203 Lake Street, Sitka, AK 99835	March 01, 1979	Full Service Brick and Mortar
7	232381	Wrangell Branch	224 Bruger Street, Wrangell, AK 99929	October 09, 1989	Full Service Brick and Mortar
8	232382	Juneau Branch	One Sealaska Plaza, Juneau, AK 99802	June 04, 1990	Full Service Brick and Mortar
9	232383	Mendenhall Branch	3075 Vintage Boulevard, Juneau, AK 99801	March 01, 1992	Full Service Brick and Mortar
11	431718	First Bank Financial Center	2030 Sealevel Drive, Ketchikan, AK 99901	August 30, 2004	Full Service Brick and Mortar

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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