Mt. McKinley Bank in Fairbanks, Alaska (AK)
| Mt. McKinley Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 76 |
| Total assets | $306,681 |
| Cash and due from depository institutions | $13,896 |
| Interest-bearing balances | $8,738 |
| Securities | $160,299 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $106,245 |
| Loan loss allowance | $1,775 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,297 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,944 |
| Life insurance assets | $306,681 |
| Total liabilities and capital | $244,576 |
| Total liabilities | $242,140 |
| Total deposits | $202,046 |
| Interest-bearing deposits | $242,140 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,436 |
| All other liabilities | $62,105 |
| Total equity capital | $62,105 |
| Total bank equity capital | $62,105 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $7,550 |
| Undivided profits | $54,555 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,309 |
| Income earned, not collected on loans | $530 |
| Earning assets | $7 |
| Long-term assets (5+ years) | $1,679 |
| Average Assets, year-to-date | $275,282 |
| Average Assets, quarterly | $107,911 |
| Volatile liabilities | $306,748 |
| Insider loans | $307,218 |
| FHLB advances | $173,050 |
| Loans and leases held for sale | $308,812 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $61,498 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $20,890 |
| Derivatives | $222 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,571 |
| Total interest expense | $768 |
| Net interest income | $11,803 |
| Provision for loan and lease losses | -$55 |
| Total noninterest income | $2,883 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $194 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,689 |
| Total noninterest expense | $10,594 |
| Salaries and employee benefits | $6,641 |
| Premises and equipment expense | $1,818 |
| Additional noninterest expense | $2,135 |
| Pre-tax net operating income | $4,147 |
| Securities gains (losses) | $456 |
| Applicable income taxes | $911 |
| Income before extraordinary items | $3,692 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,692 |
| Net charge-offs | $0 |
| Cash dividends | $3,692 |
| Sale, conversion, retirement of capital stock, net | $83 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.57% |
| Cost of funding earning assets | 0.28% |
| Net interest margin | 4.30% |
| Noninterest income to earning assets | 1.05% |
| Noninterest expense to earning assets | 3.86% |
| Net operating income to assets | 1.08% |
| Return on assets (ROA) | 1.20% |
| Pretax return on assets | 1.50% |
| Return on equity (ROE) | 6.17% |
| Retained earnings to average equity (YTD only) | 6.17% |
| Net charge-offs to loans | 0.07% |
| Credit loss provision to net charge-offs | -66.27% |
| Efficiency ratio | 49.30% |
| Assets per employee | $72,137 |
| Cash dividends to net income (YTD only) | 4.04% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.64% |
| Noncurrent assets plus other real estate owned to assets | 334.91% |
| Noncurrent loans to loans | 0.17% |
| Net loans and leases to deposits | 0.49% |
| Net loans and leases to core deposits | 43.88% |
| Equity capital to assets | 45.46% |
| Core capital (leverage) ratio | 20.25% |
| Tier 1 risk-based capital ratio | 19.91% |
| Total risk-based capital ratio | 35.54% |
| Memoranda | |
| Average assets | $37 |
| Average earning assets | $306,748 |
| Average equity | $59,826 |
| Average loans | $274,804 |
| 5 Alaska Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 13325 | Mt. Mckinley Bank | 500 Fourth Ave, Fairbanks, AK 99701 | December 03, 1965 | Full Service Brick and Mortar |  |
| 1 | 248680 | University Avenue Branch | 1380 University Avenue, Fairbanks, AK 99709 | July 25, 1991 | Full Service Brick and Mortar |  |
| 2 | 365694 | North Pole | 45 St. Nicholas Drive, Fairbanks, AK 99701 | November 05, 2002 | Full Service Brick and Mortar | |
| 3 | 433875 | Delta Junction Branch | 1380 Richardson Highway, Delta Junction, AK 99737 | December 06, 2004 | Full Service Brick and Mortar | |
| 4 | 450322 | Northeast Branch | 1248 Old Steese Highway, Fairbanks, AK 99701 | March 13, 2006 | Full Service Brick and Mortar | |
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