First Bank
Ketchikan, Alaska · $890M in assets · beside the 11 other the Pacific states banks between $300M and $1B (the state alone holds too few in the band to rank)
The filing
First Bank is the seventh largest of the 12 the Pacific states banks nearest its size between $300M and $1B, with $890M in assets at 30 June 2026. Loans are 30.1% of deposits, the lowest in the cohort against a median of 84.1%, and equity is 8.0% of assets, the lowest in the cohort. Loans grew +3.5% in the year, 9th of 12, and deposits grew 2.2%; the cohort's median loan growth is +4.7%.
Noncurrent loans are 0.03% of the book, 2nd of 12 against a median of 0.24%; 0.18% is 30 to 89 days past due, and the allowance covers them 77.4 times. Commercial real estate is 28.6% of loans, 4th of 12 against a median of 39.7%, and 75% of capital, below the 300% screen, with construction at 23% against the 100% screen.
Return on assets is 1.22%, 5th of 12 against a median of 1.17%, on an efficiency ratio of 70.1%, 9th of 12. Five years ago it was 1.30%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.
Commercial real estate against capital
| First Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 75% | 2nd of 12 | 201% |
| Construction against capital, the 100% screen | 23% | 7th of 12 | 22% |
| Construction and land development, share of loans | 8.9% | 10th of 12 | 4.9% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 14.6% | 3rd of 12 | 25.6% |
| Total CRE, the guidance definition, share of loans | 28.6% | 4th of 12 | 39.7% |
| CRE growth over 36 months, the third prong | +32.6% | 9th of 12 | +16.1% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $949M | 1.2% | 54.2% | 0.00% | 0.00% | 1.4% | 72.0% | 9.9% | |
| $937M | 0.6% | 76.4% | 2.30% | 2.08% | 1.3% | 71.1% | 11.7% | |
| $935M | 1.8% | 32.2% | 0.04% | 0.00% | 1.5% | 107.5% | 16.0% | |
| $934M | 1.9% | 57.8% | 1.22% | 0.01% | 1.0% | 84.0% | 11.4% | |
| $896M | 1.4% | 55.7% | 0.67% | 0.00% | 1.9% | 104.9% | 11.5% | |
| $891M | 1.1% | 60.0% | 2.81% | 0.76% | 2.0% | 93.8% | 10.5% | |
| $890M | 1.2% | 70.1% | 0.03% | -0.02% | 2.1% | 30.1% | 8.0% | |
| $872M | 0.9% | 73.3% | 0.05% | 0.10% | 1.5% | 67.9% | 10.8% | |
| $864M | 0.9% | 64.1% | 0.09% | 0.00% | 1.2% | 93.9% | 10.1% | |
| $850M | 1.1% | 55.4% | 1.05% | 0.00% | 1.5% | 113.2% | 23.0% | |
| $825M | 1.3% | 64.3% | 0.39% | 0.07% | 1.3% | 84.2% | 10.6% | |
| $823M | 0.2% | 89.8% | 0.04% | 0.00% | 1.7% | 55.5% | 10.6% |
| First Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $249M | $246M | -1% | $483M | $647M | +34% |
| Deposits | $687M | $816M | +19% | $615M | $760M | +24% |
| NPA / loans | 0.30% | 0.03% | -0.27 pts | 0.33% | 0.24% | -0.09 pts |
| Efficiency | 68.6% | 70.1% | +1.5 pts | 62.4% | 62.1% | -0.3 pts |
| ROA | 1.30% | 1.22% | -0.08 pts | 1.13% | 1.17% | +0.04 pts |
This read was prepared for First Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on First Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort Pacific states banks $300M to $1B
Institution WWW.FIRSTBANKAK.COM
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