Mt. McKinley Bank in Fairbanks, Alaska (AK)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mt. McKinley Bank in Fairbanks, Alaska (AK)
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Mt. McKinley Bank - Overview

  • General
  • FDIC Certificate #: 19525
    Status: Active
    Federal Reserve ID: 542667
    Date Established: December 03, 1965
    WWW: http://www.mtmckinleybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 7136
    FDIC's unique #: 13325
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: December 03, 1965
    Last Structure Change Effective Date: Febuary 05, 2009
    Last Structure Change Process Date: Febuary 05, 2009
    Last Data Update: Febuary 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Fourth Ave, Fairbanks, AK 99701
    County: Fairbanks North Star
    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): Fairbanks, AK (#21820)
    CBSA Metro Statistical Area: Fairbanks, AK (#21820)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $306.7 mil
    Equity capital: $62.1 mil
    Deposits held in domestic offices: $242.1 mil
    Return on assets (ROA): 1.20% ($3.7 mil)
    Quarterly return on assets: 1.41% ($4.3 mil)
    Return on Equity (ROE): 6.17% ($3.8 mil)
    Quarterly return on equity: 7.04% ($4.4 mil)
    Net income: $3.7 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.50% ($4,600.2 mil)
    Quarterly Pretax return on assets: 1.87% ($5,734.9 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
  • 76Total employees (full-time equivalent)
  • $306,681Total assets
  • $13,896Cash and due from depository institutions
  • $8,738Interest-bearing balances
  • $160,299Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,245Net loans & leases
  • $1,775Loan loss allowance
  • $0Trading account assets
  • $22,297Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $306,681Life insurance assets
  • $3,944All other assets
  • $244,576Total liabilities and capital
  • $242,140Total liabilities
  • $202,046Total deposits
  • $242,140Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,436Subordinated debt
  • $62,105All other liabilities
  • $62,105Total equity capital
  • $62,105Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $7,550Surplus
  • $54,555Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,309Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $530Income earned, not collected on loans
  • $7Earning assets
  • $1,679Long-term assets (5+ years)
  • $275,282Average Assets, year-to-date
  • $107,911Average Assets, quarterly
  • $306,748Volatile liabilities
  • $307,218Insider loans
  • $173,050FHLB advances
  • $308,812Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $61,498Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,890Restructured Loans and leases
  • $222Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,571Total interest income
  • $768Total interest expense
  • $11,803Net interest income
  • -$55Provision for loan and lease losses
  • $2,883Total noninterest income
  • $0Fiduciary activities
  • $194Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,689Additional noninterest income
  • $10,594Total noninterest expense
  • $6,641Salaries and employee benefits
  • $1,818Premises and equipment expense
  • $2,135Additional noninterest expense
  • $4,147Pre-tax net operating income
  • $456Securities gains (losses)
  • $911Applicable income taxes
  • $3,692Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,692Net income attributable to bank
  • $0Net charge-offs
  • $3,692Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.28%Cost of funding earning assets
  • 4.30%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 6.17%Return on equity (ROE)
  • 6.17%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • -66.27%Credit loss provision to net charge-offs
  • 49.30%Efficiency ratio
  • 72,137Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 334.91%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 43.88%Net loans and leases to core deposits
  • 45.46%Equity capital to assets
  • 20.25%Core capital (leverage) ratio
  • 19.91%Tier 1 risk-based capital ratio
  • 35.54%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $306,748Average earning assets
  • $59,826Average equity
  • $274,804Average loans

List of branches

  • 5 Alaska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013325Mt. Mckinley Bank500 Fourth Ave, Fairbanks, AK 99701December 03, 1965Full Service Brick and Mortar
    1248680University Avenue Branch1380 University Avenue, Fairbanks, AK 99709July 25, 1991Full Service Brick and Mortar
    2365694North Pole45 St. Nicholas Drive, Fairbanks, AK 99701November 05, 2002Full Service Brick and Mortar
    3433875Delta Junction Branch1380 Richardson Highway, Delta Junction, AK 99737December 06, 2004Full Service Brick and Mortar
    4450322Northeast Branch1248 Old Steese Highway, Fairbanks, AK 99701March 13, 2006Full Service Brick and Mortar

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