Press release content from Business Wire. The AP news staff was not involved in its creation. First National Bank Alaska Announced Unaudited Results for Fourth Quarter and Year-to-Date 2020 February 5, 2021 GMT ANCHORAGE, Alaska (BUSINESS WIRE) Feb 4, 2021 First National Bank Alaska’s (OTCQX:FBAK) unaudited net income for fourth quarter 2020 was $13.3 million, or $4.19 per share. This compares to a net income of $14.2 million, or $4.49 per share, for the same period in 2019. Unaudited year-to-date net income was $57.5 million, or $18.17 per share, compared to net income of $55.6 million, or $17.56 per share for the same period in 2019. Total interest and loan fee income for fourth quarter 2020 was $36.2 million, a decrease of 6.2% from fourth quarter 2019 on lower annual yields on earning assets. The blended yield on interest-earning assets decreased to 3.54% from 4.15% for the 12-month periods ending December 31, 2020 and 2019, respectively. Lower yields on earning assets resulted from variable loan repricing, the addition of Small Business Administration Paycheck Protection Program (SBA PPP) loans, and significant cash and short-term investments. With decreasing cost of funds, the net interest margin year-to-date moved to 3.45% compared to 3.74% in 2019.