First Bank: how it compares with its peers
Against 999 U.S. banks with half to twice its assets, First Bank's strongest measure in Q2 2026 is return on assets (1.22% vs. a 1.27% peer median). Its weakest relative measure is net interest margin (3.41% vs. 3.86%).
| Measure | First Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.22% | 1.27% | Middle third Ahead of 46% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.41% | 3.86% | Bottom third Ahead of 25% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.13% | 61.25% | Bottom third Ahead of 27% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.3M | $7.3M | Bottom third Ahead of 31% of peers |
| Loans to deposits Net loans and leases over total deposits. | 29.46% | 83.35% | Context |
What it means for lending operations
Its efficiency ratio of 70.13% is above the 61.25% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Newfield National Bank Newfield, NJ · $889M
- Seattle Bank Seattle, WA · $891M
- Southwest Heritage Bank Scottsdale, AZ · $893M
- United Bank & Trust Marysville, KS · $893M
- First Southern State Bank Stevenson, AL · $893M
- First Liberty Bank Oklahoma City, OK · $885M
Questions about First Bank
How big is First Bank?
First Bank, established in 1924, is headquartered in Ketchikan, AK. It reported $890M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is First Bank's return on assets?
1.22% annualized in Q2 2026, against a 1.27% median for 999 U.S. banks with half to twice its assets, ahead of 46% of them.
What is First Bank's efficiency ratio?
70.13% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 61.25%, and lower is better.
Is First Bank growing its loans?
Net loans grew 3.5% over the year to Q2 2026, while deposits grew 2.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Alaska bank ranked.