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First National Bank Alaska

Anchorage, AK · Cert 16130

National charter · OCC · 27 branches

Q2 2026

$5.1BAssets
$2.8BLoans
$3.7BDeposits
$585.2MEquity
Loan mix
82%RE $2.2B17%C&I $0.5B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
53%Interest-bearing $2.0B47%Noninterest $1.7BQ2 2025Q2 2026

NIM

4.52%Q2 ’244.57%Q2 ’254.76%Q2 ’26+18%+8%

Non-interest income vs. expense

1.97%Q2 ’242.12%Q2 ’252.21%Q2 ’26+7%+7%

Market Position · Anchorage, AK · 2026 SOD (annual) · 21.4% share · #2 of 4 inst. · $2.1B of $9.7B

19.9% Anchorage
42.2% Kenai Peninsula
35.6% Matanuska-Susitna
11.6% Fairbanks North Star

Executive Summary

  • Earnings: ROA of 1.65%, up 18 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.47% of loans (+9 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.95%, down 1 bps from a year ago.
  • Funding: loans stand at 76.79% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.65%+18 bps YoY

Net Interest Margin (YTD, annualized)

3.88%+28 bps YoY

Efficiency Ratio (YTD, annualized)

49.63%-109 bps YoY

Tier 1 Leverage Ratio

11.95%-1 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.46%1.53%1.54%1.66%1.65%+18 bps
Return on Equity13.53%14.13%14.16%14.78%14.56%+103 bps
Net Interest Margin3.61%3.58%3.58%3.87%3.88%+28 bps
Efficiency Ratio50.72%49.66%50.00%49.96%49.63%-109 bps
Non-Interest Burden1.54%1.49%1.52%1.65%1.65%+10 bps
Growth
Asset Growth (YoY)-3.76%-5.64%2.04%3.97%4.06%+782 bps
Loan Growth (YoY)8.22%5.81%9.87%7.79%8.92%+70 bps
Deposit Growth (YoY)-3.04%2.14%1.51%3.64%2.76%+580 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.42%0.39%0.43%0.47%+9 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.03%0.02%0 bps
Allowance / Loans0.77%0.77%0.79%0.76%0.79%+2 bps
Allowance Coverage of NPLs2.0x1.9x2.0x1.8x1.7x-0.3x
Capital
Tier 1 Leverage Ratio11.95%11.70%11.27%11.90%11.95%-1 bps
Total Risk-Based Capital20.09%20.28%19.05%19.25%19.25%-84 bps
Equity / Assets11.17%10.83%11.16%11.34%11.42%+25 bps
Liquidity & Funding
Loans / Deposits72.44%68.14%72.78%75.87%76.79%+434 bps
Liquid Assets / Assets6.42%9.60%4.59%5.33%6.04%-38 bps
CRE / Total Capitaln/a315%338%339%n/an/a