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Banks in Alaska
The 5 FDIC-insured banks headquartered in Alaska, their bank failures since 1934 and the largest credit unions. From the FDIC and the NCUA; quarter ending Jun 30, 2026.
- Banks headquartered here
- 5
- Their assets
- $10.6B
- Their deposits
- $8.4B
- Failures since 2000
- 0
- Credit unions
- 8
Every bank headquartered in Alaska
Ranked by total assets, quarter ending Jun 30, 2026. Banks based elsewhere with branches here are not included.
| # | Bank | Holding company | Assets | Deposits | Equity | Net income, year to date | ROA | ROE | CET1 ratio | Uninsured deposits | Offices |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | First National Bank AlaskaAnchorage, AK | – | $5.1B | $3.7B | $585.2M | $42.0M | 1.65% | 14.56% | 18.5% | 39% | 27 |
| 2 | Northrim BankAnchorage, AK | NORTHRIM BANCORP INC | $3.4B | $2.9B | $385.5M | $33.0M | 1.98% | 17.64% | 12.4% | 39% | 21 |
| 3 | First BankKetchikan, AK | First Bcorp Inc | $889.9M | $816.2M | $71.5M | $5.3M | 1.22% | 15.08% | 24.6% | 35% | 9 |
| 4 | Mt. McKinley BankFairbanks, AK | – | $635.2M | $523.7M | $105.1M | $2.2M | 0.69% | 4.25% | – | 19% | 5 |
| 5 | Denali State BankFairbanks, AK | Denali Bcorp Inc | $522.6M | $458.7M | $56.3M | $3.8M | 1.47% | 14.08% | 14.8% | 28% | 5 |
Source: FDIC BankFind Suite. Assets, deposits and equity at the end of the latest quarter; net income is year to date. ROA and ROE are annualized returns on assets and equity. CET1 is common equity tier 1 capital as a share of risk-weighted assets. CET1 is blank for banks that do not report it (many small banks use the simpler community bank leverage ratio). Uninsured deposits is the bank's own estimate of the share of deposits above the insurance limit.
Bank failures in Alaska
13 since 1934; the latest 25.
| Date | Bank | State | Assets | Deposits | Cost to the fund | Acquirer | Resolution |
|---|---|---|---|---|---|---|---|
| Apr 21, 1989 | Alliance BankAnchorage, AK | AK | $779.0M | $797.2M | $75.9M | National Bank of Alaska | Purchase and assumption |
| Mar 2, 1989 | Home Savings BankAnchorage, AK | AK | $91.5M | $82.7M | $63.2M | Security Pacific Bank Ak, N | Insured deposit transfer |
| Mar 2, 1989 | First Federal Bank of AlaskaAnchorage, AK | AK | $137.6M | $192.3M | $134.0M | First NB of Anchorage | Purchase and assumption |
| Feb 3, 1989 | Alaska StatebankAnchorage, AK | AK | $90.8M | $96.9M | $17.3M | Key Bank of Alaska | Purchase and assumption |
| Aug 3, 1988 | Alaska Continental BankAnchorage, AK | AK | $51.5M | $52.3M | $20.5M | First Interstate Bank of | Purchase and assumption |
| Jan 28, 1988 | United Bank AlaskaAnchorage, AK | AK | $314.3M | $368.3M | $170.7M | Alliance Bank | Open-bank assistanceAssistance |
| Jan 28, 1988 | Alaska Mutual BankAnchorage, AK | AK | $1.2B | $924.8M | $170.7M | National Bank of Alaska | Open-bank assistanceAssistance |
| Dec 11, 1987 | First Interstate Bank of AlaskaAnchorage, AK | AK | $367.7M | $358.9M | $104.4M | National Bank of Alaska | Purchase and assumption |
| Oct 22, 1987 | Alaska National Bank of the NorthFairbanks, AK | AK | $203.1M | $200.2M | $34.3M | National Bank of Alaska | Insured deposit transfer |
| Jun 12, 1987 | Frontier S&LAFairbanks, AK | AK | $7.4M | $8.0M | $2.4M | – | Insured deposit transfer |
| Oct 23, 1986 | Security National BankAnchorage, AK | AK | $41.8M | $41.6M | $22.0M | Rainier Bank Alaska NA | Purchase and assumption |
| Aug 8, 1986 | Peninsula FS&LASoldotna, AK | AK | $42.6M | $41.3M | $13.4M | – | Insured deposit transfer |
| May 9, 1981 | Arctic FS&LAFairbanks, AK | AK | $40.5M | $34.8M | $3.8M | First FS&LA | Open-bank assistanceAssistance |
Source: FDIC BankFind Suite. Cost to the fund is the FDIC's estimated loss to the deposit insurance fund (earlier funds for older failures). Assets and deposits as of the last report before failure. Assistance transactions kept the bank open with FDIC help.
The largest credit unions in Alaska
8 credit unions; the largest 25 by assets.
| # | Credit union | Charter | Assets | Members | Loans | Shares and deposits | Net worth ratio | Net income, year to date |
|---|---|---|---|---|---|---|---|---|
| 1 | GlobalAnchorage, AK | Federal | $13.0B | 808,644 | $10.5B | $11.3B | 9.70% | $31.1M |
| 2 | Credit Union 1Anchorage, AK | State | $1.7B | 112,794 | $1.3B | $1.4B | 14.25% | $10.0M |
| 3 | Matanuska ValleyPalmer, AK | Federal | $977.3M | 65,721 | $566.4M | $876.0M | 10.63% | $4.0M |
| 4 | TongassKetchikan, AK | Federal | $251.9M | 14,901 | $173.5M | $213.8M | 12.73% | $375.2K |
| 5 | True NorthJuneau, AK | Federal | $236.2M | 13,230 | $190.0M | $209.2M | 10.06% | $227.4K |
| 6 | Northern SkiesAnchorage, AK | Federal | $231.7M | 14,071 | $178.9M | $197.7M | 13.27% | $1.3M |
| 7 | Spirit of AlaskaFairbanks, AK | Federal | $200.5M | 9,209 | $104.7M | $170.4M | 14.77% | $690.4K |
| 8 | Alaska Dist EngineersJber, AK | Federal | $12.5M | 464 | $2.5M | $11.3M | 9.31% | $52.9K |
Source: NCUA credit union call report data, quarter ending Jun 30, 2026. Names as filed (the NCUA abbreviates them, usually without "Federal Credit Union"). Net income is year to date. The net worth ratio is net worth as a share of assets; 7% or more is "well capitalized".