First Bank
FDIC #14885
📍 Ketchikan, Alaska
First Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 09/15/1924. With assets of $831.82 Million, it operates 9 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2023
Outstanding
February 1, 2021
Satisfactory
April 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$831.82 Million
Total Deposits$798.38 Million
Equity Capital$31.13 Million
Net Income$6.10 Million
📈 Performance
ROA1.02%
ROE23.11%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established09/15/1924
FDIC Cert14885
Holding CoFirst Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:30 PM
Tuesday9:00 AM - 5:30 PM
Wednesday9:00 AM - 5:30 PM
Thursday9:00 AM - 5:30 PM
Friday9:00 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1990
Relocation
Moved HQ to: 331 Dock Street, Ketchikan, AK 99901.
1982
Name Change
Name became: Changed Institution Name To First Bank.