Alaska’s 5 headquartered banks held $4.0 billion in commercial real estate loans as of June 30, 2026, an increase of +7.7% from the prior year. BestCRE ranks these institutions by total commercial real estate loans reported in FDIC Call Reports. The table also separates construction and land, multifamily, owner occupied and investor nonfarm nonresidential balances. Together, those categories help borrowers see both the scale and composition of each bank’s reported CRE portfolio. The ranking covers banks headquartered in Alaska and should not be read as a complete list of institutions financing properties in the state.
First National Bank Alaska and Northrim Bank hold the largest reported CRE portfolios among Alaska headquartered banks. The remaining institutions are Denali State Bank, Mt. McKinley Bank and First Bank. Their reported balances provide a starting point for identifying banks that may have relevant experience and capacity, but call report figures do not describe current underwriting, pricing or availability for a particular transaction. Bank lending is relationship driven and local. Borrowers should use the table to form a call list, then compare current responses across banks and other capital sources. The source is FDIC Call Reports, schedule RC-C, together with the FDIC Summary of Deposits 2026.
Alaska banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | First National Bank Alaska | Anchorage, AK | $2,051 | $302 | $169 | $527 | +8.7% | 72.5% |
| 2 | Northrim Bank | Anchorage, AK | $1,426 | $206 | $174 | $445 | +4.2% | 55.0% |
| 3 | Denali State Bank | Fairbanks, AK | $192 | $71.0 | $7.4 | $67.9 | +20.5% | 51.0% |
| 4 | Mt. McKinley Bank | Fairbanks, AK | $175 | $44.3 | $22.5 | $81.5 | +15.1% | 59.9% |
| 5 | First Bank | Ketchikan, AK | $139 | $21.8 | $12.7 | $68.4 | +5.4% | 56.4% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record.
First National Bank Alaska leads with $2.1 billion in total CRE loans and a national rank of 226. Its $1.1 billion investor nonfarm nonresidential balance is the largest category in its portfolio. Northrim Bank follows with $1.4 billion and reports $173.9 million in multifamily loans, slightly above First National Bank Alaska’s $169.5 million. Denali State Bank posted the strongest reported growth at +20.5%, followed by Mt. McKinley Bank at +15.1%. First National Bank Alaska grew +8.7%, First Bank +5.4% and Northrim Bank +4.2%. CRE represents 72.5% of loans at First National Bank Alaska, the highest share in the table. Its investor CRE to equity ratio of 2.61x is also the highest, narrowly above Northrim Bank at 2.54x. Mt. McKinley Bank and First Bank report lower ratios of 0.89x and 0.98x.
Out of state banks with branches in Alaska
| Bank | Headquarters state | Branches in Alaska | Deposits in Alaska ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Wells Fargo Bank, N.A. | South Dakota | 35 | $7,099 | $121,623 |
| KeyBank, N.A. | Ohio | 10 | $1,038 | $17,153 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Alaska only; CRE loans are bank wide.
Portfolio size and growth can guide a borrower call list
Total CRE loans offer a practical measure of a bank’s demonstrated appetite and potential hold capacity. A larger portfolio can justify placing that institution near the top of a borrower call list, while the year over year change shows which banks are adding reported CRE balances. Neither measure establishes that a bank will pursue a specific property, sponsor or request. Current availability must be confirmed directly with each institution.
Borrowers should compare the portfolio totals with the relevant loan category, headquarters location and concentration measures. A construction request may warrant attention to construction and land balances, while an acquisition may be better informed by investor nonfarm nonresidential or multifamily balances. Concentration can signal that a bank may be selective even when its CRE book is large. The ranking is therefore a screening tool, not a substitute for direct discussions about a transaction.
Get your deal in front of the right lenders in Alaska
Tell BestCRE about the property, the loan amount and the timeline. We package the request and bring back term sheets from banks, debt funds, life companies, CMBS, agency and SBA lenders, so you compare more than the bank down the street.
Tell Us About Your DealHow BestCRE Capital WorksLoan mix shows distinct areas of reported activity
The 5 banks report $645.3 million in construction and land loans, $386.0 million in multifamily loans, $1.2 billion in owner occupied loans and $1.8 billion in investor nonfarm nonresidential loans. First National Bank Alaska has $301.9 million in construction and land loans and $526.6 million in owner occupied loans. Northrim Bank reports $206.3 million and $444.9 million in those categories, respectively. These balances show where reported activity is concentrated without describing current loan programs.
Concentration also varies across the table. First National Bank Alaska reports CRE equal to 72.5% of total loans and an investor CRE to equity ratio of 2.61x. Northrim Bank reports 55.0% and 2.54x. Denali State Bank reports 51.0% and 2.21x, while Mt. McKinley Bank and First Bank report investor CRE to equity ratios below 0.98x. These figures allow relative comparison within the group. A higher concentration can indicate that an institution will be selective as it evaluates additional exposure.
Alaska borrowers have additional bank and nonbank options
This ranking covers banks headquartered in Alaska. It does not include banks based elsewhere that maintain local branches. Wells Fargo Bank, N.A., headquartered in South Dakota, has 35 Alaska branches and $7.1 billion in deposits in the state. It reports $121.6 billion in total CRE loans across all states. KeyBank, N.A., headquartered in Ohio, has 10 Alaska branches, $1.0 billion in Alaska deposits and $17.2 billion in total CRE loans across all states. Those nationwide balances are not Alaska loan totals.
Borrowers can also compare debt funds, life companies, CMBS, agency and SBA lenders. These sources do not appear in bank call reports, and their fit depends on the property and transaction under review. Comparing several sources helps a borrower assess current availability and structure rather than relying on portfolio size alone. Local bank relationships remain important, but headquarters location does not define every lender active in Alaska. A broad search can include Alaska headquartered banks, out of state banks with branches and relevant nonbank capital sources.
Frequently Asked Questions
Which Alaska bank has the largest commercial real estate loan portfolio?
First National Bank Alaska has the largest reported CRE portfolio among banks headquartered in Alaska, with $2.1 billion as of June 30, 2026. It ranks 226 nationally and reports $301.9 million in construction and land loans, $169.5 million in multifamily loans, $526.6 million in owner occupied loans and $1.1 billion in investor nonfarm nonresidential loans. Its CRE balance increased +8.7% from the prior year. These figures establish its position by reported portfolio size, but they do not indicate whether a particular request will meet current underwriting requirements.
Which Alaska bank reported the fastest CRE growth?
Denali State Bank reported the fastest year over year CRE growth in the table at +20.5%. The Fairbanks bank held $192.1 million in total CRE loans as of June 30, 2026, including $71.0 million in construction and land loans, $7.4 million in multifamily loans, $67.9 million in owner occupied loans and $45.8 million in investor nonfarm nonresidential loans. Growth shows that reported balances increased, but it does not identify the transactions behind that change or establish current capacity for a new request.
How current are the interest rate benchmarks on this page?
The benchmark rates are dated Oct 26, 2026. The Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96% and Fed funds was 3.88%. These are market reference points, not quoted loan rates from the ranked banks. Actual commercial real estate pricing can depend on the lender, transaction and applicable benchmark. Borrowers should obtain current quotes directly because the portfolio ranking is based on balances reported as of June 30, 2026, while the benchmark rates reflect a later date.
What is included in total commercial real estate loans?
The table presents total CRE loans and separates the balance into construction and land, multifamily, owner occupied and investor nonfarm nonresidential categories reported on FDIC Call Reports, schedule RC-C. Across the ranked banks, total CRE loans equal $4.0 billion. The category totals are $645.3 million for construction and land, $386.0 million for multifamily, $1.2 billion for owner occupied and $1.8 billion for investor nonfarm nonresidential loans. These accounting categories describe reported portfolio composition and do not represent advertised products or current credit terms.
Does this ranking include every commercial real estate lender in Alaska?
No. It ranks banks headquartered in Alaska using FDIC Call Reports as of June 30, 2026. Banks headquartered in other states may still lend through Alaska branches. Wells Fargo Bank, N.A. has 35 branches and $7.1 billion in deposits in Alaska, while KeyBank, N.A. has 10 branches and $1.0 billion in state deposits. The ranking also excludes debt funds, life companies, CMBS, agency and SBA lenders because they do not appear in bank call reports. Borrowers should consider the table a focused bank ranking rather than a complete directory of available capital sources.
More BestCRE lender rankings
CRE lenders by state
BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.