The catalogue › United States › Pacific › Alaska
The state note · prepared 7 September 2026

Alaska

5 banks and 9 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

5 banks filing · read from the 30 June 2026 Call Report
5
banks filing
$10.6B in assets
+6.2%
Loans, year over year
median; 0 above 10%, 0 shrinking
33.0%
CRE / loans
median
76.8%
Loans / deposits
median
0.89%
NPA / loans
median
11.4%
Equity / assets
median

Alaska's 5 banks hold $10.6B in assets at 30 June 2026. First National Bank Alaska is the largest at $5.1B, and the five largest hold 100% of the total; 2 institutions are above $1B, holding $8.5B.

Loans grew a median +6.2% in the year to 30 June 2026: 0 institutions grew faster than 10% and 0 shrank. The median bank lends 77% of its deposits and holds commercial real estate at 33.0% of loans. Nonperforming loans sit at a median 0.89% of the book, return on assets at 1.45%, and equity at 11.4% of assets.

2 of the 5 are in the catalogue, each read from its own filing beside the banks its size in the state: First National Bank Alaska, First Bank.

Who holds the state's assetseach institution's share of the $10.6B the state's 5 hold; the largest first, amber in the catalogue
First National Bank Alaska: 48.5%FN48%Northrim Bank: 32.1%NB32%First Bank: 8.4%FB8%MT Mckinley Bank: 6.0%MMDenali State Bank: 4.9%DSFNFirst National Bank A…48.5%NBNorthrim Bank32.1%FBFirst Bank8.4%MMMT Mckinley Bank6.0%DSDenali State Bank4.9%

First National Bank Alaska holds 48.5% of the state's bank assets; the five largest hold 100%, and 2 of the 5 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestFirst National Bank Alaska: 48% of the totalGINI0.50 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 100% of the assets in 100% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Nonfarm nonresidential, non-owner-occupied27.8%$1.8BCommercial & industrial19.8%$1.3BNonfarm nonresidential, owner-occupied18.8%$1.2BConstruction & land10.2%$645M1-4 family residential, closed-end8.9%$565MMultifamily6.1%$386MHome equity lines2.8%$176MAgricultural production2.6%$165MAuto0.9%$58MStates & municipalities0.9%$57MOther loans and leases0.6%$40MConsumer, other0.6%$39MCredit card0.0%$1MFarmland0.0%$801K

Nonfarm nonresidential, non-owner-occupied is the largest category at 27.8% of the state's $6.3B in loans, then Commercial & industrial at 19.8% and Nonfarm nonresidential, owner-occupied at 18.8%.

Loans, year over yearAlaska banks, 30 June 2026 against a year earlier · no better direction, largest first · amber, in the catalogue
state median +6.2% FN First National Bank Alaska +8.9% MM MT Mckinley Bank +8.1% NB Northrim Bank +6.2% FB First Bank +3.5% DS Denali State Bank +1.6%

First National Bank Alaska grew fastest at +8.9%; 0 grew faster than 10% and 0 shrank, Denali State Bank the most at +1.6%. The median is +6.2%.

Commercial real estate, share of loansAlaska banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · amber, in the catalogue
state median 33.0% FN First National Bank Alaska 53.9% NB Northrim Bank 37.8% DS Denali State Bank 33.0% MM MT Mckinley Bank 31.9% FB First Bank 28.6%

First National Bank Alaska is the most CRE-weighted at 53.9% of loans; 1 of the 5 are above 40%, against a median of 33.0%.

Commercial real estate against capital, the 300% screenAlaska banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · amber, in the catalogue
state median 188% 300% screen NB Northrim Bank 270% FN First National Bank Alaska 240% DS Denali State Bank 188% FB First Bank 75% MM MT Mckinley Bank 75%

0 of the 5 banks sit above the 300% screen, Northrim Bank the highest at 270% of capital; the median is 188%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenAlaska banks, 30 June 2026 · the guidance's first prong; listed largest first · amber, in the catalogue
state median 48% 100% screen DS Denali State Bank 107% NB Northrim Bank 57% FN First National Bank Alaska 48% MM MT Mckinley Bank 36% FB First Bank 23%

1 of the 5 bank sits above the 100% construction screen, Denali State Bank the highest at 107%; the median is 48%.

Loans to depositsAlaska banks, 30 June 2026 · listed highest first · amber, in the catalogue
state median 77% NB Northrim Bank 88% DS Denali State Bank 82% FN First National Bank Alaska 77% MM MT Mckinley Bank 56% FB First Bank 30%

0 of the 5 lend more than they hold in deposits, Northrim Bank the furthest at 88%; the median is 77%.

Nonperforming loans, share of loansAlaska banks, 30 June 2026 · listed highest first · amber, in the catalogue
state median 0.89% DS Denali State Bank 2.02% MM MT Mckinley Bank 1.18% NB Northrim Bank 0.89% FN First National Bank Alaska 0.47% FB First Bank 0.03%

Denali State Bank carries the most nonperforming loans at 2.02% of the book; 2 of the 5 are above 1%, and the median is 0.89%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%0.50%1.00%1.50%2.00%NPA / loansAllowance / loansFBFirst Bank+2.11%MMMT Mckinley Bank+0.39%FNFirst National Bank Alaska+0.33%DSDenali State Bank+0.18%NBNorthrim Bank+0.12%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 0 of the 5 hold an allowance smaller than their nonperforming loans.

Return on assetsAlaska banks, 30 June 2026 · listed highest first · amber, in the catalogue
state median 1.45% NB Northrim Bank 1.98% FN First National Bank Alaska 1.64% DS Denali State Bank 1.45% FB First Bank 1.22% MM MT Mckinley Bank 0.67%

Northrim Bank earns the most at 1.98% and MT Mckinley Bank the least at 0.67%; 0 of the 5 earn under 0.50%, and the median is 1.45%.

The efficiency ratio, with the return beside itAlaska banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · amber, in the catalogue
state median 60.5% FN First National Bank Alaska 49.6% ROA 1.64% NB Northrim Bank 57.2% ROA 1.98% DS Denali State Bank 60.5% ROA 1.45% FB First Bank 70.1% ROA 1.22% MM MT Mckinley Bank 78.4% ROA 0.67%

First National Bank Alaska runs the leanest at 49.6% of revenue in cost; 0 of the 5 spend more than 80 cents of every revenue dollar, and the median is 60.5%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
First National Bank Alaska$5.1B+8.9%53.9%77%0.47%1.64%11.4%
Northrim Bank$3.4B+6.2%37.8%88%0.89%1.98%11.4%
First Bank$890M+3.5%28.6%30%0.03%1.22%8.0%
MT Mckinley Bank$635M+8.1%31.9%56%1.18%0.67%16.5%
Denali State Bank$523M+1.6%33.0%82%2.02%1.45%10.8%
Five years, 2021 to 2026the 5 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$4.6B$6.3B+37%
Deposits, in total$7.7B$8.4B+9%
NPA / loans, median0.62%0.89%+0.26 pts
Efficiency, median62.1%60.5%-1.6 pts
ROA, median1.28%1.45%+0.17 pts

Small-business lending

SBA 7(a) approvals into Alaska since FY2008, across every lender type

$1.1B of 7(a) credit has been approved into Alaska since FY2008 across 2,111 loans. Accommodation & food services is the largest category at 13.0%, Construction at 11.7%, Retail trade at 10.8%; the three together are 36% of the money. The heaviest losses fall in Wholesale trade, at 7.26% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 101 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
Alaska Growth Capital Bidco, Inc. 26.9% $306M · 333 loans WF Wells Fargo Bank National Associa… 17.1% $194M · 650 loans NB Northrim Bank 8.7% $98M · 288 loans Newtek Small Business Finance, In… 6.9% $78M · 61 loans LO Live Oak Banking Company 5.9% $67M · 52 loans KN KeyBank National Association 5.7% $64M · 197 loans NB Newtek Bank, National Association 2.0% $22M · 36 loans HB Hanmi Bank 1.7% $19M · 7 loans HC Harborstone CU 1.6% $18M · 10 loans Readycap Lending, LLC 1.5% $17M · 23 loans FN First National Bank Alaska 1.4% $16M · 27 loans FI First Internet Bank of Indiana 1.2% $13M · 6 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services13.9%$148M · 285 loansConstruction12.5%$133M · 249 loansRetail trade11.6%$123M · 329 loansTransportation & warehousing10.9%$116M · 148 loansHealth care & social assistance10.7%$113M · 212 loansOther services9.4%$100M · 165 loansProfessional & technical services8.4%$89M · 154 loansManufacturing7.2%$77M · 125 loansAdministrative & waste services5.5%$58M · 114 loansReal estate & leasing4.7%$50M · 63 loansWholesale trade3.0%$32M · 39 loansAgriculture, forestry & fishing2.3%$24M · 70 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$148M28513.0%$3M2.15%
Construction$133M24911.7%$2M1.18%
Retail trade$123M32910.8%$3M2.47%
Transportation & warehousing$116M14810.2%$675K0.58%
Health care & social assistance$113M21210.0%$753K0.66%
Other services$100M1658.8%$2M2.29%
Professional & technical services$89M1547.8%$2M2.13%
Manufacturing$77M1256.8%$2M2.20%
Administrative & waste services$58M1145.1%$118K0.20%
Real estate & leasing$50M634.4%$0K0.00%
Wholesale trade$32M392.8%$2M7.26%
Agriculture, forestry & fishing$24M702.1%$1M5.84%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Anchorage$590M91877
Matanuska Susitna$157M26833
Fairbanks North Star$100M21432
Kenai Peninsula$65M19424
Juneau$41M10816
Ketchikan Gateway$26M8113
Sitka$20M577
Kodiak Island$17M2612
Bethel$14M135
Aleutians West$13M124

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Alaska institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Alaska

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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