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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

  • 2,044Employees

  • $184 MTotal Annual Compensation & Benefits

  • $89,991Average Total Compensation & Benefits

  • 5Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $2.2 BNew Home Loans Booked in 2023

  • 6,007Number of New Home Loans in 2023

  • $345,000Median New Home Loan Size in 2023

  • $1.3 BSmall Business Loans

  • 46.2 KNumber of Small Business Loans

  • $28,995Average Small Business Loan

  • $148.4 MSmall Farm Loans

  • 1,653Number of Small Farm Loans

  • $89,725Average Small Farm Loan

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

Customers

Customers

  • $15.5 BDeposits

  • 7Banks Operating Branches

  • 115Branches & Offices

  • 48Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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