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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

  • 2,221Employees

  • $222.3 MTotal Annual Compensation & Benefits

  • $100,129Average Total Compensation & Benefits

  • 5Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $212.4 MSmall Business Loans Outstanding

  • $1.6 BNew Home Loans Booked in 2018

  • 6,011Number of New Home Loans in 2018

  • $245,000Median New Home Loan Size in 2018

  • $41.3 MSmall Farm Loans Outstanding

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 2019/2020 survey data, HMDA

Customers

Customers

  • 864.5 KTotal Customers

  • $11.8 BDeposits

  • 781.2 KConsumer

  • 54.2 KSmall Business

  • 7Banks Operating Branches

  • 121Branches & Offices

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 19.6 KVolunteer hours

  • $4 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 2019/2020 survey data. Does not include individual employee donations.

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