Sector: Financials | Industry: Banks |
Company Contact | |
Address: | 101 West 36th Avenue ANCHORAGE AK 99503 |
Tel: | N/A |
Website: | https://www.fnbalaska.com |
IR: | See website |
Key People | ||
Betsy Lawer Chairman of the Board, President, Chief Executive Officer | Dustin Hofeling Senior Vice President, IT Systems and Support Director | Lucy Mahan Vice Chairman of the Board |
Michele Schuh Chief Financial Officer, Executive Vice President | Cheri Gillian Senior Executive Vice President, Chief Administrative Officer, Board Secretary | Phil Griffin Executive Vice President, Chief Information Officer |
Tiffany Hoogerhyde Senior Vice President, Controller | Steven Patin Senior Vice President, Human Resources Director | Rick Flake Senior Vice President, Corporate Services Director | Karl Heinz Senior Vice President, Branch Administration Director |
Business Overview |
First National Bank Alaska (the Bank) is a full-service commercial bank. Its principal activities include the receiving and lending of money. Additionally, the Bank provides trust banking services, escrow and contract collection services, bank card services, and safe deposit box facilities. These services are for businesses, industry, and individuals primarily within the state of Alaska. Its banking services are provided from over approximately 27 branches throughout Alaska. Its products include checking accounts, savings accounts, money market deposits, safe deposit services, certificate of deposit (CD) and individual retirement account (IRA), convenience banking, and online and mobile banking. It provides Mastercard Debit Cards, Mastercard Credit Cards, merchant services, cash flow solutions, escrow servicing, wealth management, business newsletter, treasury management, and workshop webinars. It provides federal housing administration loans and veterans administration loan program. |
Financial Overview |
For the fiscal year ended 31 December 2023, First National Bank Alaska interest income increased 34% to $214.5M. Net interest income after loan loss provision increased 6% to $155.4M. Net income increased 3% to $60M. Net interest income after loan loss provision reflects Banking Services segment increase from $0K to $155.4M. Net income was partially offset by Interest on Other Borrowings increase from $2.6M to $18.8M (expense). |