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Alaska: Banks’ Economic Impact

Banks support Alaska's economy with consumer, business and other loans, and by providing more than 1,000 people with a rewarding place to work.

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Jobs

Jobs

  • 1,663Employees

  • $150.6 MillionTotal Annual Compensation & Benefits

  • $90,519Average Total Compensation & Benefits

  • 5Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $2.3 BillionNew Home Loans Booked in 2024

  • 5,973Number of New Home Loans in 2024

  • $365,000Median New Home Loan Size in 2024

  • $1.3 BillionSmall Business Loans

  • 46.3 ThousandNumber of Small Business Loans

  • $28,988Average Small Business Loan

  • $150.6 MillionSmall Farm Loans

  • 1,694Number of Small Farm Loans

  • $88,904Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $15.8 BillionDeposits

  • 7Banks Operating Branches

  • 113Branches & Offices

  • 67Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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