Safest Banks in Alaska 2026
Alaska has 4 FDIC-insured banks with an average Bank Health Score of 79/100 (B). The safest bank is First National Bank Alaska with a score of 97/100.
Data from FDIC Q2 2024
4 Alaska banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Alaska's 4 FDIC-insured banks hold a combined $9.1B in assets. Their average Bank Health Score of 79/100 sits 9.0 points above the national average of 70/100. Across the state, 75% of banks earn an A or B grade for financial health, while 25% fall to a D or F.
The largest bank headquartered in Alaska is First National Bank Alaska with $5.1B in assets and a Bank Health Score of 97/100. The strongest by score is First National Bank Alaska in Anchorage (97/100, Tier 1 capital 19.66%). The weakest is Mt Mckinley Bank at 48/100, dragged down by an NPL ratio of 1.99%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Alaska
First National Bank Alaska
Anchorage, AK
Alaska's top-rated bank, with a Tier 1 capital ratio of 19.66% — well above the federal "well-capitalized" threshold of 8%. Holds $5.1B in assets.
Denali State Bank
Fairbanks, AK
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.84% with $501M in total assets.
Northrim Bank
Anchorage, AK
Third in the rankings on the Bank Health Score. Liquidity ratio of 24.06% and ROA of 1.65%.
Top 4 Banks in Alaska
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | First National Bank Alaska | Anchorage | A | 97 | 19.66% | 0.20% |
| 2 | Denali State Bank | Fairbanks | A | 91 | 15.87% | 0.84% |
| 3 | Northrim Bank | Anchorage | B | 79 | 10.28% | 0.24% |
| 4 | Mt Mckinley Bank | Fairbanks | D | 48 | 0.00% | 1.99% |
Bank Health Scores for Alaska are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, First National Bank Alaska in Anchorage is currently the safest bank in Alaska with a score of 97/100 (Grade A). It posts a Tier 1 capital ratio of 19.66% and a nonperforming loan ratio of 0.20%.
Alaska has 4 FDIC-insured banks with a combined $9.1B in total assets. The average Bank Health Score across the state is 79/100 (Grade B).
Alaska's average Bank Health Score of 79/100 is 9.0 points above the national average of 70/100. 75% of banks in Alaska earn an A or B grade, compared with the national average grade of B.
Of 4 FDIC-insured banks headquartered in Alaska, 2 earn an A, 1 a B, 0 a C, 1 a D, and 0 an F. The most common grade is B.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).