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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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  • 1,887Employees

  • $170.3 MTotal Annual Compensation & Benefits

  • $90,275Average Total Compensation & Benefits

  • 5 Banks 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 (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $2.8 BNew Home Loans Booked in 2021

  • 9,100Number of New Home Loans in 2021

  • $275,000Median New Home Loan Size in 2021

  • $1.0 BSmall Business Loans

  • 70.4 KNumber of Small Business Loans

  • $14,706Average Small Business Loan

  • $34.7 MSmall Farm Loans

  • 644Number of Small Farm Loans

  • $21,310Average Small Farm Loan

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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 609.5 KCustomers

  • $16.7 BDeposits

  • 7Banks Operating Branches

  • 115Branches & Offices

  • 52Branches Offering Low Fee Bank On-certified Accounts

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

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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