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Alaska: Banks’ Economic Impact

Banks support Alaska's economy with consumer, business and other loans, and by providing more than 2,000 people with a rewarding place to work.

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Jobs

Jobs

  • 2,153Employees

  • $257 MTotal Annual Compensation & Benefits

  • $119,387Average Total Compensation & Benefits

  • 5Banks Headquartered in State

How a Banker’s Powerful Prose Inspired the Community

For the employees at Denali State Bank, the impact of COVID-19 on customers was personal. This poem, written by a bank employee, was dedicated to seniors in the community.

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $3 BNew Home Loans Booked in 2020

  • 10,184Number of New Home Loans in 2020

  • $275,000Median New Home Loan Size in 2020

  • $1.2 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 9,532PPP Loans

  • $34,090Median PPP Loan

  • 112.2 KJobs Supported by PPP

There for Alaskas Small Businesses

Denali State Bank in Alaska provides critical funding to local businesses affected by COVID-19 by administering Paycheck Protection Program loans. The bank created a video to remind its many small business customers that they are there for them during the crisis and beyond.

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 867.8 KCustomers

  • $14 BDeposits

  • 7Banks Operating Branches

  • 118Branches & Offices

  • 50Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 7.7 KVolunteer Hours

  • $6.7 MCommunity Donations

A Brighter Holiday Season for Families in Need

Northrim Bank in Alaska is focused on helping local communities. Every holiday season, Northrim employees organize donation drives and participate in other efforts in a campaign that makes a major difference for families in need.

Source: Estimates based on ABA 2020/2021 survey data

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