Banking

What We Do

The Division of Banking and Securities charters, licenses, and supervises state- chartered commercial banks (3), mutual savings banks (1), credit unions (1), trust companies (2), bank holding companies (3), small loan offices (1), premium finance offices (57), deferred deposit offices, also called payday lenders (30), and BIDCOS (1). In addition to these state-chartered institutions, there are 3 nationally-chartered commercial banks, 1 federal chartered savings bank, 13 federal credit unions, and 1 nationally chartered trust company in Alaska.

Total Assets of Banks and Credit Unions in Alaska

Total assets for all banks with home offices in Alaska were $5,129,982,000 as of December 31, 2011, an increase of $151,745,000 or 3.05% from a year ago. This total excludes Key Bank, National Association and Wells Fargo Bank, National Association, which are interstate branches and do not furnish balance sheet information for Alaska.

Total assets of all state-chartered banks in Alaska were $2,088,248,000 as of December 31, 2011, an increase of $9,881,000 or .47% from a year ago. Approximately 41% of the total assets of all banks headquartered in Alaska were held in state-chartered institutions.

Total assets for all credit unions in Alaska were $6,793,530,623 as of December 31, 2011, an increase of $518,309,976 or 8.26% from December 31, 2010. Total assets for all state-chartered credit unions in Alaska were $787,831,590 as of December 31, 2011, an increase of $22,901,378 or 2.99% from the end of 2010. Approximately 11.60% of the total assets of all credit unions were held in state-chartered institutions.