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Alaska Journal | PPP still driving income for state's banks

Alaska Journal | PPP still driving income for state's banks
alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.

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Phase One of Alaska SeaLife Center's Rocky Coast Discovery Pools Completed

Phase One of Alaska SeaLife Center’s Rocky Coast Discovery Pools Completed
Alaska SeaLife Center
The Alaska SeaLife Center (ASLC) opened phase one of the Rocky Coast Discovery Pools.
Development of the new touch pool exhibit began with design work in 2017. Installation required a complete demolition of the former touch pool originally built in 1998. The new 1,100-gallon exhibit, equipped with six pools, was inspired by similar exhibits at various Association of Zoos and Aquariums facilities in the United States.
The Center is appreciative of generous supporters that made the exhibit possible including ConocoPhillips Alaska, First National Bank Alaska, Matson, Shoreside Petroleum, Petro Marine Services, and the Lindsey Family. ....

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Alaska Journal | Movers and Shakers for July 4

Alaska Journal | Movers and Shakers for July 4
alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.

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Alaska Journal | Bank income starts 2021 where it left off in 2020

2021 is starting to look a lot like 2020 for Alaska’s banks, which is a good thing for them, at least. ....

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First National Bank Alaska Announces Unaudited Results for First Quarter 2021

Press release content from Business Wire. The AP news staff was not involved in its creation.
First National Bank Alaska Announces Unaudited Results for First Quarter 2021
May 6, 2021 GMT
ANCHORAGE, Alaska (BUSINESS WIRE) May 5, 2021
First National Bank Alaska’s (OTCQX:FBAK) unaudited net income for first quarter 2021 was $14.0 million, or $4.41 per share. This compares to net income of $14.1 million, or $4.47 per share, for the same period in 2020.
Total interest and loan fee income for first quarter 2021 was $37.1 million, an increase of 0.8% from first quarter 2020 on higher average earning assets. The blended yield on interest-earning assets decreased to 3.23% from 4.01% for the three-month periods ending March 31, 2021 and 2020, respectively. Variable loan repricing, the addition of Small Business Administration Paycheck Protection Program (SBA PPP) loans in 2021, and significant cash and short-term investments held for liquidity resulted in lower yield ....

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