First Bank (Ketchikan, AK)
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Data as of · sourced from FFIEC call reports. How we update
First Bank is an FDIC-insured commercial bank headquartered in Ketchikan, AK, established in 1924 (FDIC certificate 14885), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $889.9M, up 3.1% from Q2 2025, the 3rd largest of 5 banks headquartered in Alaska. Its CET1 capital ratio was 24.62% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14885
- Headquarters
- Ketchikan, AK
- Established
- 1924
- Total assets, Q2 2026
- $889.9M
- Assets vs Q2 2025
- +3.1%
- CET1 ratio, Q2 2026
- 24.62%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 125200044
- Holding company
- FIRST BANCORP, INC.
- Asset rank in state
- 3rd of 5 in Alaska
First Bank, based in Ketchikan, Alaska, reported $890 million in assets at June 30, 2026, up 3.1% from a year earlier. It carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also holds common equity equal to 24.62% of its risk-weighted assets, higher than about three-quarters of banks its size (median 15.12%).
Net income for the quarter rose 23% from a year earlier, to $3.1 million. Paper losses on its bond portfolio are shrinking: unrealized losses of $17 million equal 20% of Tier 1 capital, down from 25% a year earlier.
As of June 30, 2026, First Bank reported a CET1 capital ratio of 24.62%, a return on assets of 1.43%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.09%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Bank is the 3rd largest of the 5 banks headquartered in Alaska. Between Q1 2026 and Q2 2026, its total assets rose 3.8% to $889.9M, loans rose 1.5% and deposits rose 3.8%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 27.8% of total loans, followed by 1-4 family residential loans at 20.5%. Its 9 offices in the FDIC Summary of Deposits are in 6 cities in AK; its Ketchikan 3 offices book 44% of its branch deposits. Judged on its Q2 2026 call report, First Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 331 Dock St, Ketchikan, AK 99901
- County
- Ketchikan Gateway
- Metro Area
- Ketchikan, AK
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 15, 1924
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 142
- Domestic deposits
- $816.2M
- Allowance for credit losses
- $5.3M
- Net charge-offs (YTD)
- -$21K
- Average total assets
- $875.1M
- Average total loans
- $246.1M
- Average interest-bearing deposits
- $612.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 23, 1934
- FDIC Cert
- 14885
- Fed RSSD
- 451068
- Website
- WWW.FIRSTBANKAK.COM →
- Parent Holding Company
- FIRST BANCORP, INC. (RSSD 1416701)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Bank's total assets ran between $802.0M (Q1 2024) and $907.0M (Q3 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$889.9M total assets against $862.8M; $818.4M total liabilities against $801.4M.
$240.4M net loans and leases against $232.4M; $816.2M total deposits against $798.8M.
$484.0M securities against $440.2M; $126.9M cash and balances due against $162.3M.
$10.0M total interest income against $9.9M; $2.7M total interest expense against $3.2M.
$7.3M net interest income against $6.8M.
$2.2M total noninterest income against $1.8M; $6.4M total noninterest expense against $6.0M.
No provision recorded in the last 12 quarters.
$3.1M net income against $2.5M.
1.43% return on assets against 1.18%; 3.49% net interest margin against 3.29%.
24.62% CET1 capital ratio against 23.93%; 10.16% tier 1 leverage ratio against 9.58%.
Inside the full First Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Bank rankings
Its closest position to the top of a national ranking is 165 of 2,134, for CET1 ratio; its furthest is 3,253 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.02% (Q1 2026) to 1.43% (Q2 2026) and its net interest margin ran from 3.09% (Q3 2024) to 3.49% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.62% | 1.43% | 0.03% | 0.09% | 3.49% |
| Q1 2026 | 23.83% | 1.02% | 0.00% | 0.00% | 3.31% |
| Q4 2025 | 24.60% | 1.30% | 0.05% | 0.14% | 3.39% |
| Q3 2025 | 23.92% | 1.33% | 0.02% | 0.06% | 3.18% |
| Q2 2025 | 23.93% | 1.18% | 0.00% | 0.00% | 3.29% |
| Q1 2025 | 23.37% | 1.05% | 0.00% | 0.00% | 3.15% |
| Q4 2024 | 24.01% | 1.24% | 0.30% | 1.15% | 3.27% |
| Q3 2024 | 23.08% | 1.27% | 0.32% | 1.13% | 3.09% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Totem Branch | Ketchikan , AK | 99901 | $259.1M |
| First Bank (main office) | Ketchikan , AK | 99901 | $101.4M |
| Petersburg Branch | Petersburg , AK | 99833 | $95.5M |
| Mendenhall Branch | Juneau , AK | 99801 | $90.7M |
| Sitka Branch | Sitka , AK | 99835 | $84.0M |
| Prince of Wales Branch | Craig , AK | 99921 | $78.4M |
| Wrangell Branch | Wrangell , AK | 99929 | $75.6M |
| Juneau Branch | Juneau , AK | 99801 | $31.6M |
| First Bank Financial Center | Ketchikan , AK | 99901 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 4.9% of deposits in AK, rank 5 of 7 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.0M approved, $2.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Bank
What are First Bank's total assets?
As of the Q2 2026 filing, First Bank reported total assets of $889.9 million in its FFIEC call report.
Where is First Bank headquartered?
It is headquartered in Ketchikan, AK, United States.
When was First Bank founded?
It was established in 1924, per the FDIC institution directory.
Is First Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14885). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank?
First Bank's primary federal regulator is the FDIC.
What is First Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.62% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank's Texas Ratio?
Its Texas Ratio is 0.09% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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