Banks | First Bank

First Bank


First Bank is an FDIC insured institution headquartered at 331 Dock St, Ketchikan, AK 99901.
It was founded in 1924 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.

Deposit Rates - December 25, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14885
Date Established 1924
Assets $ 821.55 million
Loans $ 222.20 million
Deposits $ 772.28 million
Capital $ 47.00 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 130.49 million
Interest-bearing balances $ 119.73 million
Total securities $ 441.67 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 222.20 million
Loan loss allowance $ 5.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.35 million
All other assets $ 5.52 million
     Total Assets $ 774.55 million

LIABILITIES
Total deposits $ 772.28 million
      Interest-bearing deposits $ 476.28 million
      Deposits held in domestic offices $ 772.28 million
      % insured (estimated) 65.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.76 millionn
      Total Liabilities $ 774.55 million
      Shareholders’ Equity $ 47.00 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 18.67 million
Total Interest Expense $ 6.96 million
Net interest income $ 11.71 million
Provision for loan and lease losses N.A.
Total non interest income $ 3.25 million
Total non interest expense $ 11.27 million
Pre-tax Net Operating Income $ 3.05 million

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