2022 Annual Highlights

SHAPING THE NEXT CENTURY

CHEERS TO 100 YEARS!

Still going strong, a century and beyond

hen Winfield Ervin opened First National’s doors for business on January 30, 1922, I wonder what vision he had in mind for his new bank with one employee and a vault filled with gold nuggets and untanned animal pelts. Did he have any inkling the seed he planted that day, in a seasonal economy based largely on natural resources, would grow into Alaska’s largest community bank? We know he had great faith in Alaska. I like to think he knew he was putting something special in motion.

“SAFEKEEPING DEPOSITS, MAKING GOOD LOANS, SUPPORTING COMMUNITIES AND PROVIDING JOBS FOR ALASKANS HAVE BEEN AND WILL REMAIN KEYS TO THE BANK’S SUCCESS.”

Betsy Lawer Board Chair and CEO/President

Throughout the century to come, the solid foundation laid by Ervin and those who followed has supported Alaskans through the booms and busts of our state, country and the world. Our commitment to safe, sound management of your money is never a response to uncertain times; it is the cornerstone of the mission my father, D.H. Cuddy, set forth in 1951 when he became president. Safekeeping deposits, making good loans, supporting communities and providing jobs for Alaskans have been and will remain keys to the bank’s success. Another cornerstone of First National’s success is our people, the bank’s experienced directors, executive leaders and dedicated employees. Our robust culture is one of the reasons why First National was voted the “Best Place to Work” for an unprecedented seventh year in a row. I could not be prouder of our

team’s ability to adapt strategies, overcome barriers, and find new and innovative ways to help Alaskans succeed – no matter the challenge.

Strength and stability were the hallmarks of our success in 2022. Despite an uncertain interest landscape, the bank maintained consistent net income, assets were again more than $5 billion, and loans topped $2 billion for the third straight year.

During our Centennial year, we had a great time celebrating the bank’s long history in Alaska with our employees, customers and communities. As we look ahead, we’ll continue to invest in Alaskans and long-term relationships. We’ll also continue to seek out the best services, products, and infrastructure to provide high-quality customer service and fast, customized local solutions.

Our vision for the next 100 years includes not only ourselves but all Alaskans. We’re proud to help you as you take leaps of faith and create a future of success. Just as our founder did, we’re planting seeds that could develop beyond our most hopeful imaginings.

As our history has shown time and time again, when Alaskans need financial services the most, First National Bank Alaska will remain strong and ready to answer the call. We can’t wait to see what’s next as we shape the next century, together!

Betsy La r

GOLDEN GROUP

(from left to right) Local experts Interior Relationship Manager Jen Imus, Loan Officer Herbert Davis, Branch Manager Kyle Gray and Loan Assistant Nadia Mazur of our Golden Valley and Johansen branches stand ready to move mountains for customers in Fairbanks.

Betsy Lawer BOARD CHAIR AND CEO/PRESIDENT

Alaska Business magazine “Best of Alaska Business” Awards

FINANCIAL HIGHLIGHTS

Throughout 2022, the bank’s balance sheet adapted to the remarkable and oftentimes unpredictable events impacting Alaska’s economy.

Total assets on December 31, 2022 stood at $5.3 billion, a decrease of $244 million. Deposit balances declined by $103 million, an amount equal to 6% of the bank’s deposit increase since 2020, a result of outflow and utilization of government-provided recovery and stimulus funds. The year brought unprecedented escalations in interest rates which impacted the market value of the bank’s bond portfolio growth during 2020, 2021 and 2022. Recognizing and adjusting for this portfolio position, the need for liquidity in 2022 was front and center. Accordingly, higher cash balances were carried through seasonal periods and borrowing facilities were enhanced.

Securities in the bank’s portfolio are marked to market. This provided full transparency to shareholders of their current value and potential impact on equity if sales were necessary.

Loan demand was strong. The portfolio grew $104 million, even with the forgiveness of $200 million in Paycheck Protection Program (PPP) loans.

STATEMENTS OF INCOME

This foreseen portfolio reduction of forgiven PPP loans led to an improved loan mix, enhancing yield. Loan delinquency remained low, while credit quality remained high. Net interest margin declined to 2.66% on rising interest expense which outpaced earning asset turnover.

Net income remained consistent at $58.2 million. Nonrecurring PPP fee and interest income of $9.8 million was recognized in 2021, fully replaced with core earnings in 2022. Attention to earning asset mix, noninterest income, and operating expense management were in the forefront for the bank’s leadership team throughout the year. Stable net income produced a lower return on assets of 1.04% when measured against a full year of larger bank assets. Return on equity improved to 12.83% following the unrealized loss position of the securities portfolio. First National maintained strong operating efficiency and capital levels when measured against our industry.

First National Bank Alaska is resolute in our commitment to financial strength and soundness. Leveraging our 28 locations in 19 communities, secure online services, and local and experienced employees, we’re ready to lead the next century in banking.

Shaping the next century

ince 1922, First National’s commitment to help Alaskans succeed has never wavered. It’s a commitment rooted in communities across our state and driven by our confidence in shaping a brighter tomorrow.

This report details another year of strong performance in a challenging and changing environment and celebrates 100 years of doing business in the Great Land. Looking back to honor our history is a natural part of this milestone.

Just as important as where we’ve been is where we’re going. Using the solid foundation of more than 100 years of local experience, expertise and resources, First National looks forward to shaping the century ahead. Our expert team of directors, management and more than 600 employees continue to put the latest technology, tools and processes in place, ready for the challenges of a new era.

The last few years have shown us we can never know what lies around the corner. And that’s okay because we will meet each detour and roadblock with the same strengths that have made us Alaska’s largest community bank – our outstanding employees, our investment in our communities, and our ability to adapt, innovate and evolve.

Just as we have for the last 100 years.

TAKING ROOT IN SEWARD >

KellyAnn Cavaretta and Matt Cope spent three years crisscrossing the U.S. and Central America before discovering the cozy coastal community of Seward. As soon as they visited, they started planning their return. Today, the co-owners of Salted Roots and Flamingo Lounge, seen here with their son and Seward Branch Manager Melissa Schutter, have created affordable, luxurious lodging and dining experiences year-round in the idyllic seaside town.

Schutter and First National helped Cavaretta and Cope grow their businesses with merchant services, construction loans, and guidance from the time they began developing their business plan.

Starting from strength

A sign of this strength is the steadiness seen during these turbulent times. For the third straight year, net income remained stable. The bank reported assets of more than $5.3 billion for the second year running. Loans topped out again at more than $2 billion for the third year in a row (see page 6).

With strength and stability comes trust. Alaskans showed their confidence in First National with nearly $2 billion in deposit growth over the last three years. In 2022, growth continued in three of the bank’s six regions. Kodiak Branch deposits were up significantly, increasing by $29.7 million, deposits rose $25.9 million at Fairbanks’ Golden Valley Branch and our Sitka Branch showed $21.6 in deposit growth.

We see the slight reduction in deposits in 2022, experienced by financial institutions across the board, as a positive sign. Now that restrictions of the pandemic era are vastly curtailed, Alaska businesses are preparing for the future, putting financial resources to work to start or resume projects on hold during the last few years of uncertainty. A century of experience has given First National the local know-how and built the trust and strength to help our fellow Alaskans succeed, whatever the future holds.

onfidence in the ability to shape the next century starts with strength.

First National Bank Alaska’s performance in 2022 confirmed our position as one of the state’s strongest financial institutions.

A CENTURY OF EXPERIENCE HAS GIVEN FIRST NATIONAL THE LOCAL KNOW-HOW, AND BUILT THE TRUST AND STRENGTH TO HELP OUR FELLOW ALASKANS SUCCEED, WHATEVER THE FUTURE HOLDS

Up-close and personal

orming and maintaining strong customer relationships remains the essential ingredient in First National’s ability to help Alaska’s entrepreneurs and businesses succeed. Even though the last few years had significantly reduced the opportunities to meet face-to-face, the bank found innovative ways to further build relationships and meet our customers’ changing needs. In 2022, the bank’s employee teams could return to more in-person connections, a shift they greatly appreciated.

Loans in 2022 totaled more than $2 billion for the third year in a row, half of that total coming from Corporate Lending. Growing by 12%, its portfolio produced more than $48 million in revenue.

The re-emergence of loan demand was seen across Alaska. The bank’s Southeast, Peninsula, Mat-Su and Anchorage regions saw increased loan activity, averaging more than $17 million in growth. Key performers in the regions included the Dimond, Juneau Regional, Wasilla and Homer branches with loan growth of $15.9 million, $11 million, $11.8 million and $3.9 million, respectively.

First National’s exceptional knowledge of the Small Business Administration Paycheck Protection Program (PPP) continued to help Alaska businesses affected by the pandemic. More than $200 million in PPP loans were dropped from First National’s portfolio through the SBA’s forgiveness program.

First National’s $100 million growth in total loans underlined the unrelenting commitment and hard work of our loan team. This growth meant the bank first replaced the $200 million in forgiven PPP loans and added $100 million more, as we responded to customer needs.

For the local experts at First National, being up-close and personal with customers means knowing their businesses inside and out and being part of the community where they work and live. In 2022, this approach brought success again for our customers and our bank.

For more than 50 years, Kodiak Area Native Association (KANA), a Tribal health organization, has expanded its services beyond basic healthcare to meet the needs of Kodiak area residents. KANA’s construction of the Kodiak Marketplace – a multi-use space that will offer new social and business opportunities for residents and visitors alike – is a massive investment in the city’s downtown and in the well-being of the community.

First National Kodiak Branch Manager Mark Lonheim collaborated with KANA to finance the project, which Lonheim says will be “a jewel for downtown Kodiak.”

Moosetard owner Kasha Ostbloom, left, empowers other Fairbanks businesses through her work and receives support from her husband, Paul Ostbloom, right. In addition to packaging her own products, Kasha helps other Alaska companies produce and bottle their commercial food products. First National helped the Ostblooms with a commercial refinancing loan, treasury management products, and other solutions for their business.

Team building

he widespread labor shortage in 2022 affected First National in every bank division. Attracting and retaining top-notch talent was a priority, knowing this results in shared success for employees, customers and shareholders.

The most effective promotional tool to attract new employees is word of mouth. Human Resources Director Steve Patin says, “Employees are our biggest asset when it comes to recruitment.” The bank’s strong culture set the stage for developing the “Why Do You Love First National?” social media campaign, reaching thousands of Alaskans. Employees were encouraged to handwrite what they love about working at the bank (see photos). The campaign was so successful the bank produced two TV commercials featuring what employees love most about their careers.

Incentives for new and current employees were also part of the bank’s recruitment and retention strategy. Competitive market pay adjustments were made for all employees to address the accelerated wage inflation during the year. Employees

THEY FIRST NATIONAL > (from top) First National employees Wilbert Bascug, Rose Registe, Paige Perez, and Brad Peterson show why it was no fluke the bank was chosen “Best Place to Work” by Alaska Business magazine readers seven years in a row.

also received greater access to healthcare benefits through a broader, statewide network of preferred providers. And, as more employees returned to the office, structured hybrid remote work and flex schedule options were available where appropriate.

Another recruitment program, Double Your Dollars, brought success for employees and the bank. Employees have long been encouraged to refer friends and family to apply for bank positions, with a financial reward when referrals start at the bank and another when they are employed for three months. First National supercharged the program by doubling the rewards.

And, of course, we made sure potential employees knew that Alaska Business readers voted the bank the “Best of Alaska Business” in the Best Place to Work category for an unprecedented seventh year in a row.

“Leaders at all levels, supported by the HR talent team, effectively communicated our employee value proposition,” said Patin. “This helped raise staffing levels to the highest point in two and a half years — momentum that has carried into 2023.”

Little wonder why First National was again employing more than 600 Alaskans by year’s end.

WHY DO YOU LOVE FIRST NATIONAL?

NEXT

Ready for tomorrow

e may not be able to predict what lies ahead but we can be prepared to face whatever comes our way. First National is in a perfect position to meet the challenges ahead – small enough to react quickly and nimbly to changing conditions and big enough to offer the strength and security of Alaska’s largest community bank. Our ability to adapt, innovate and evolve, honed over the last 100 years, leaves us more than ready for the next 100 years.

WORKING SMARTER ENHANCED MORTGAGE LOAN SERVICING

Mortgage loan servicing has high regulatory standards requiring complex systems and technology. That’s why in late 2021 and early 2022 First National transitioned to a new Mortgage Loan Servicing Center to meet customers’ changing needs. Bank customers received extended access to Call Center support, improved online access, enhanced statements, more self-serve options and increased access to educational information.

Loan Servicing employees worked diligently in 2022 to address the transition challenges and the results were tangible. Today, more than 80% of payments are made online, through auto-pay or by phone. Online access to payment history and activity empowers customers to make informed decisions about their loans. In the span of one year, inbound calls to the Call Center dropped by 70%.

With the bank realizing expanded customer service and enhanced efficiencies, all employees affected by the conversion were set up for success and given other career opportunities at First National.

REFINING THE COMMERCIAL LENDING PROCESS

First National’s commercial lending is taking loan origination processing to the next level by designing and putting into service the bank’s

first online commercial loan origination system, staged to launch in spring 2023. The new system creates efficiencies throughout all phases of the commercial loan process from the application to post-closing through a secure online portal.

Business customers will appreciate the convenience of being able to securely upload supporting loan documents quickly and easily. Bank employees will greatly benefit from the fact that once the process starts in the portal, all approved departments have access; no more need to manually send supporting loan documents to the various areas for review. Creating an all-around improved experience while freeing up bank time and resources is definitely working smarter.

PROTECT AND SERVE

< INTERIOR MOTIVES

Today, tomorrow and always, malicious actors will attempt to use fraud and cybercrime to victimize the bank and its customers. With an ever-evolving defense in 2022, the bank’s vigilance to thwart the attacks took many forms.

• An internally developed online banking fraud detection system replaced a legacy product with a

Vice President and Regional Branch Manager Pam Wentz and her Interior Region team grew deposits by more than $16.6 million in 2022, another sign of the trust Alaskans place in Alaska’s largest community bank.

customized and highly effective tool for catching suspicious online banking activity.

• Multifactor Authentication (MFA) is now required for all servers. Rather than just asking for a username and password, MFA requires one or more additional verification factors, which decreases the likelihood of a successful cyberattack.

• Installation of an immutable data backup system, where files can’t be altered in any way. Files can be restored immediately in case of cyberattacks or other data loss.

• Significant investments in software and hardware systems to protect the bank’s network, including server upgrades mitigating security threats and 24/7 network monitoring.

• Constant system patches to maintain system and network integrity, done at least weekly and sometimes daily to address any unwanted security vulnerabilities within a program or product.

HOMER BREWING >

Homer Brewing Company

owners Karen Berger and Stephen McCasland were going to give Homer one year. Thirty years later, they’re still going strong in their coastal hometown. They say keeping the business local has been the key to its success. Their local bankers at our Homer Branch helped with that success by providing financing for their current building.

The bank sustained its strategic focus on acquiring, maintaining and delivering to customer fingertips secure, convenient, and up-to-date online and mobile banking technology. A few of the many enhancements and upgrades undertaken during the recent year are detailed below:

• Multiple bank systems were upgraded to newer, more efficient versions. This included Personal Online Banking, Business Online Banking and Zelle®. The upgrade of several internal systems enhanced customer experience and improved employee workflow and efficiency.

• Personal and business account customers can now add their First National debit cards to Apple, Google, and Samsung Pay. Digital wallet technology gives our customers enhanced transaction efficiency and improved security.

• Customizable debit card controls were integrated into the FNBApp, the personal mobile banking

tool. With a single sign-in, personal banking customers are able to instantly turn debit cards on and off, set and remove spending limits, establish transaction controls by merchant types and much more.

• Enhanced deposit account e-statements now offer a refreshed full-color look in an easy-to-read and text-searchable PDF format.

It’s safe to say that the long road to 2122 will have as many twists and turns as our last century, with the business world becoming increasingly sophisticated and complex. The challenges will certainly be different, but First National’s commitment to evolve and help Alaskans succeed will remain as strong as ever. No matter the challenge, we’ll be ready.

Celebrating a century

t’s tough for a business to reach the 100-year mark, especially in Alaska. But, as Board Chair and CEO/ President Betsy Lawer reminds us, “If it were easy, anybody could do it.” So, of course, we’re proud to join that select few. Our year of celebration was all about appreciating those who made it possible – our employees, customers and the communities we serve.

BOOM! – WE’RE 100

On the eve of First National’s 100th birthday on January 30, the bank threw a big Centennial Celebration party for employees, fittingly enough at Cuddy Family Midtown Park in Anchorage. With DJ music filling the air, food trucks plying their tasty wares, fire dancers tossing around flaming batons, and much more, the event was the embodiment of a “good time was had by all.”

But it was more than just a festive winter wonderland. Board Chair and CEO/President Lawer put it best. “Thank you to our incredible employees who have made this milestone possible. I look forward to continuing to work alongside you as you succeed inside and outside the workplace, today, tomorrow and beyond.”

The celebration started the year with a bang –literally. A jaw-dropping, up-close fireworks display concluded the festivities, lighting the way to our Centennial year.

TELLING THE STORY

Bankmilestones and highlights throughout the years are only part of the story. We also heard from customers, employees and community members about what First National has meant to them throughout the years. Our success story is rooted in our customers’ success stories.

The bank was humbled and gratified by the ways First National has helped Alaskans shape their tomorrows. Their stories reaffirmed our belief that one-on-one relationships are essential to our success.

We were proud to share these stories with Alaskans on social media, radio, TV, and displays in our 28 locations in 19 communities across the state.

100 CHEERS TO YOU!

The bank’s University of Alaska friends give big 100-year birthday wishes to First National at a Centennial Celebration. (from left to right) Cassandra Stalzer, Public Relations Manager, University of Alaska Foundation; Bobi Rinehart, Director of Development, University of Alaska Anchorage; Tod A. Burnett, President, University of Alaska Foundation

"FIRST NATIONAL BANK ALASKA HAS BEEN A PART OF OUR FAMILY BANKING SINCE THE LATE 70S AND SPANS TWO GENERATIONS. THE CUSTOMER SERVICE IS WARM, PERSONAL, AND PROFESSIONAL. THROUGH HOME PURCHASES, CAR LOANS, AND OUR FISHINGRELATED BUSINESS, FIRST NATIONAL IS THE BEST!"

SANDRA VAN DYCK, FIRST NATIONAL CUSTOMER

TRUST EARNED

Every day, we show our customers how much we appreciate the trust they have placed in our bank. During our Centennial, we wanted to show it in a big way.

So, branches from Kodiak to Sitka held their Centennial customer appreciation celebrations on the same day last summer, thanking the many Alaskans who helped make 100 years of success a reality. Food, fun and frivolity had locals gathering for a party a century in the making!

During that century, First National has always believed tomorrow is going to be better than today. This theme runs throughout one of the high points of our Centennial - the world premiere of “100 Years of Shaping Tomorrow: The First National Story.” The short film chronicles the bank’s evolution from a small two-person operation to become Alaska’s largest community bank, and commemorates the Great Land’s adventurous trailblazers, resourceful entrepreneurs, neighbors working together to shape brighter tomorrows – and the opportunities that lie ahead. Take a look at this walk through the history of Alaska and First National at FNBAlaska.com/film

COMMUNITY AT THE CENTER

D.H. Cuddy, at the helm of First National for 64 years, often shared his philosophy that a bank could only be as successful as its community and there must be a partnership to ensure the success of both.

That philosophy is alive and well today and was a significant part of our Centennial year. Through a special Giving Today, Shaping Tomorrow program, each branch made a meaningful donation to a local community organization in 2022, helping improve quality of life for all Alaskans (See page 13 for more about this program and our donations).

When you reach your centennial milestone, it’s only natural to take a look back. We were proud to commemorate and celebrate our roots throughout 2022. Now, it’s time to look ahead. 2122, here we come!

< EVEN MORE TO CELEBRATE Human Resources (HR) team members celebrate not only 100 years of serving Alaska but also the seventh straight year of being chosen the ”Best Place to Work” by Alaska Business magazine readers. (from left to right) HR Specialists Cheryl Lipps and Cynthia Pyle, HR Director Steve Patin and HR Specialist Carol Vongchareug.

COLD WEATHER COMFORT Executive Director Jaela Milford (l.) of Bethel Winter House receives a check from Kuskokwim Branch Manager Nili Sundown to help give people experiencing homelessness in Bethel a place to go during the extreme cold of Alaska winters. The donation was part of the bank’s Giving Today, Shaping Tomorrow program, highlighting our commitment to Alaska’s communities.

Taking care of business

team approach has long been a mainstay of First National’s commitment to help Alaska’s entrepreneurs and businesses shape a brighter tomorrow. First National took that approach to new levels in 2022.

The numbers speak loudly enough. Treasury Management team members made nearly 3,200 customer outreach calls, in cooperation with lending and branch employees in every bank community. These efforts brought in $170 million in new deposits, delivered more than 800 treasury bank products to Alaska businesses, and developed 65 new merchant accounts.

Merchants across the state saw increased business as Alaskans’ shopping habits changed after the easing of the pandemic. Up-to-date technology and services from First National helped our merchant customers get the most out of increased spending and transactions, with increased efficiencies for consumers and merchants. The added value of First National experts with local expertise helped the bank add nearly 150 new merchant accounts. As Alaskans resumed more normal shopping and spending activities during 2022, merchants, their customers and the bank all benefitted. Merchant services income grew to more than $2.26 million, a 40% increase over the previous year.

Working as one, the bank’s team of local experts tackle complicated questions around cash flow, automation, payables and receivables processing, fraud and cybercrime prevention, and other unique industry trends important to each particular customer. The bank and the customer both win. Customers have more than just one point of contact and more touch points from the bank, which significantly improves customer experience and enhances our ability to add to their success.

Working together is part of being Alaskan. First National has more than a century of experience in teaming up to help meet the unique challenges of doing business in the Great Land.

THE LARGEST CONTINGENT OF TREASURY MANAGEMENT CONSULTANTS AT ANY ALASKA BANK MADE NEARLY 3,200 CUSTOMER CALLS, PARTNERING WITH LENDING AND BRANCH EMPLOYEES THROUGHOUT THE STATE.

INSIDE AND OUT

Strong relationships within the bank and with our customers are a hallmark of First National’s success. The Treasury Management (TM) team worked closely with lending and branch teams to produce a banner year, bringing new business relationships on board and strengthening those already established. (from left to right) TM Consultants Teresa Powell, Sherilee Keopuhiwa, Erica Skiff, Tammy Stewart, TM Manager Sean Brown, TM Business Support Specialist Amber Brown, TM Consultants Lori Petraglia, Cindy Kim, Cecil Cocom. Jennifer Matthews not pictured.

TAKING STOCK IN EDUCATION >

University of Alaska Anchorage (UAA) Chancellor Sean Parnell (l.) and First National Board Chair and CEO/President Betsy Lawer ring the bell Wall Street style to celebrate the official opening of the Seawolf Stock Ticker at UAA’s College of Business and Public Policy (CBPP). First National’s investment in finance education through the stock ticker and the First National Bank Alaska Finance Lab, opening in fall 2023, is nearly $500,000. Looking on are (left to right) First National Senior Executive Officers Ryan Strong and Darren Franz, and Chief Financial Officer Michele Schuh.

Giving today, shaping tomorrow

n our Centennial year, First National wanted to highlight the importance of supporting the communities we serve. We know that our cities, towns and villages must thrive if we’re to do the same. Out of this came a special Giving Today, Shaping Tomorrow program.

Donations included care packages for organizations serving homeless youth, funding for meals for home-bound seniors, and food for hungry families. From Fairbanks Youth Advocates to Kodiak Women’s Resource and Crisis Center, this program helped provide much-needed services, resources and care to Alaskans who need it most.

First National Bank Alaska gave $952,360 to Alaska communities in 2022. This included charitable gifts, activity and community sponsorships, and in-kind donations. An additional $5 million in support of low-income affordable housing in southcentral Alaska brought total community investments and contributions to nearly $6 million. The bank’s community support focus areas of youth, education and emergency social services were well-served with significant support to Alaska School Activities Association, Junior Achievement of Alaska, all three University of Alaska campuses, Alaska Pacific University, Ilisagvik College, Armed Services YMCA, Cook Inlet Tribal Council, American Red Cross of Alaska, Bean’s Café, Covenant House Alaska, United Ways across the state and many more. Find a list of the organizations First National supported in 2022 at FNBAlaska.com

This type of support for fellow Alaskans is a very real part of shaping the next century. That’s why many employees volunteer their time in the Alaska communities where we live, work and play. We are proud to help Alaskans overcome challenges, succeed and thrive.

First National Bank Alaska is ready with the knowledge, resources and a team with more than 600 Alaskans to confidently meet what’s ahead. As we have for the last century, innovating, adapting and evolving to shape a brighter tomorrow for our employees, our customers and our shareholders. Cheers to the next 100 years!

Board of Directors

Lawer shapes the bank’s vision, strategies and goals today and moving forward. As a third-generation Alaskan banker, Lawer grew up with many of Alaska’s business and community leaders. She learned the banking business literally at her father’s knee, earned her economics degree from Duke University, and returned in 1974 to work her way up to the leadership position she holds today.

A licensed professional counselor, Mahan is a lifelong Alaskan whose family fishes commercially in Homer. She chairs the board’s Compensation and Benefits Committee and Nominating Committee.

As the former president of Alyeska Pipeline Service Company, Barrett focuses on building a high-performance culture. He also spent 35 years in the U.S. Coast Guard, commanding operations in Alaska and the North Pacific. Barrett chairs the board’s Wealth Management and Trust Committee and the Compliance Committee.

Johnson’s decades of hard work have established her as one of Alaska’s most prominent business leaders. The first woman to serve as president of the Alaska State Chamber of Commerce, in 1993 she became the first woman elected mayor of Cordova. Johnson was named Outstanding Alaskan of the Year in 2013.

Klopfer, a lifelong Alaskan, is an active member in the local business community. Before joining the bank’s board, Klopfer worked for the investment firm McMorgan and Company and served as a senior vice president for the Alaska Permanent Capital Management Company. Klopfer chairs the bank’s Investment Committee.

Longacre’s grandparents mined the gold fields north of Fairbanks and were original First National shareholders. Longacre continued that tradition at First National for nearly 47 years by mining the potential of Alaskans and Alaska businesses. Longacre chairs the bank’s Wealth Management Investment Committee.

Betsy Lawer BOARD CHAIR AND CEO/PRESIDENT

Admiral Tom Barrett USCG, Ret. BUSINESS COMMUNITY MEMBER

Jane Klopfer BUSINESS COMMUNITY MEMBER

Margy Johnson BUSINESS COMMUNITY MEMBER

Doug Longacre FORMER FIRST NATIONAL PRESIDENT BUSINESS COMMUNITY MEMBER

Lucy Mahan VICE CHAIR – OWNER, TRANSITIONAL COUNSELING, LLC

Binkley CHAIRMAN, GODSPEED INC.

A lifelong Alaskan from Fairbanks, Binkley has an extensive record of local, successful business ownership. He served in the Alaska State Senate, and was chairman of the Alaska Railroad Corporation from 1997 to 2011, a board he still serves on today. Binkley was president of the Alaska Cruise Association from 2007 to 2019.

Born in Kodiak, Eaton has worked as a commercial lender, an officer in various capacities at Alyeska Pipeline Service Company, and is an internationally renowned artist. He is a founder of the Alaska Native Heritage Center, and a shareholder and director of Koniag. Eaton serves as chair of the board’s Audit, Risk and Trust Audit Committee.

Pitney PRESIDENT, UNIVERSITY OF ALASKA

As a longtime leader at the University of Alaska (UA), Pitney knows firsthand how valuable an education is to shaping a brighter future for Alaska students and the Great Land. She was appointed president of the University of Alaska in February 2022, bringing more than 23 years of experience working in the UA system.

71 STRATEGIES

An Iñupiaq businesswoman and former government official, Sweeney has spent over two decades advocating for Alaskans and their interests. In December 2021, she was recognized as Citizen of the Year by the Alaska Federation of Natives. In 2020, Sweeney was awarded the Commonwealth North William A. Egan Distinguished Alaskan award.

MARINE TOURS

Tougas started his career in tourism as a tour bus driver while studying in college. Today, this longtime Alaska businessman owns Sewardbased businesses Major Marine Tours, Harbor 360 Hotel and Hertz Rent-a-Car. Tougas serves as chair of the board’s Strategic Planning Committee and was named Outstanding Alaskan of the Year in 2022.

Weiss has more than 30 years of industry leadership expertise, including serving as the regional president of BP Alaska where she was responsible for the company’s oil and gas development and production. With firsthand local experience running a complex business, her perspective is invaluable to the bank and its mission to support communities across Alaska.

Perry Eaton LEAD DIRECTOR – ARTIST

Pat

Tom Tougas OWNER, MAJOR

Janet Weiss BUSINESS COMMUNITY MEMBER

John

Tara Sweeney OWNER, TACK

Executive Management Team

Flake

Locations

ANCHORAGE

907-777-4362

Dimond Branch

8725 Old Seward Hwy.

P.O. Box 100720

Anchorage, AK 99510-0720

Eastchester Branch

1821 Gambell Street

P.O. Box 100720

Anchorage, AK 99510-0720

Metro Branch

360 K Street, Suite 100

P.O. Box 100720

Anchorage, AK 99510-0720

Muldoon Branch

1100 Muldoon Road

P.O. Box 100720

Anchorage, AK 99510-0720

North Star Branch

5850 Westover Avenue

JBER, AK 99506-1603

Northern Lights Branch

1210 W. Northern Lights Blvd.

P.O. Box 100720

Anchorage, AK 99510-0720

South Center Branch

201 W. 36th Avenue

P.O. Box 100720

Anchorage, AK 99510-0720

U-Med Branch

3650 Piper Street, Suite 100

P.O. Box 100720

Anchorage, AK 99510-0720

BETHEL

Kuskokwim Branch

700 Front Street

P.O. Box 286

Bethel, AK 99559-0286

907-543-7650

CORDOVA

Cordova Branch

528 First Street

P.O. Box 360

Cordova, AK 99574-0360

907-424-6700

EAGLE RIVER

Eagle River Branch 11412 Business Blvd.

Eagle River, AK 99577-7720

907-689-5200

FAIRBANKS

Golden Valley Branch

1300 Washington Drive

P.O. Box 82487

Fairbanks, AK 99708-2487

907-459-7100

Johansen Branch 430 Merhar Avenue

Fairbanks, AK 99701-3166

907-450-7300

GLENNALLEN

Glennallen Branch

Mile 187 Glenn Hwy., Suite C

P.O. Box 85

Glennallen, AK 99588-0085

907-822-7350

HAINES

Haines Branch

123 Main Street

P.O. Box 70

Haines, AK 99827-0070

907-766-6100

HEALY

Healy Branch

Mile 248.2 W. Parks Hwy.

P.O. Box 460

Healy, AK 99743-0460

907-683-7750

HOMER

Homer Branch 3655 Heath Street

Homer, AK 99603-7667

907-235-5800

JUNEAU

Juneau Regional Branch

840 W. 10th Street

P.O. Box 21248

Juneau, AK 99802-1248

907-586-5400

Valley Centre Branch

8990 Glacier Hwy.

Juneau, AK 99801-8030

907-790-8000

KENAI

Kenai Branch

11408 Kenai Spur Hwy.

Kenai, AK 99611-7799

907-283-6800

KETCHIKAN

Ketchikan

Loan Production Office

1621 Tongass Avenue

West Flight Bldg., Ste. 100

Ketchikan, AK 99901 907-220-1640

KODIAK

Kodiak Branch

218 Center Avenue

Kodiak, AK 99615-6312

907-486-7900

PALMER

Palmer Branch

303 W. Evergreen Avenue Palmer, AK 99645-6954 907-746-8900

SEWARD

Seward Branch 303 4th Avenue

P.O. Box 69 Seward, AK 99664-0069

907-224-4200

SITKA

Sitka Branch

318 Lincoln Street Sitka, AK 99835-7545 907-747-7000

SOLDOTNA

Soldotna Branch

44501 Sterling Hwy. Soldotna, AK 99669-7938 907-260-6000

VALDEZ

Valdez Branch 101 Egan Drive P.O. Box 37 Valdez, AK 99686-0037 907-834-4800

WASILLA

Wasilla Branch 775 E. Parks Hwy. Wasilla, AK 99654-8191 907-352-5900

Corporate Headquarters 101 W. 36th Avenue

P.O. Box 100720 Anchorage, AK 99510-0720

Operations Center

1751 Gambell Street

P.O. Box 100720 Anchorage, AK 99510-0720

907-777-4362

800-856-4362

First National Bank Alaska is an Equal Opportunity Employer, including disability and veterans.

Mission Statement

The bank’s multi-part mission is to safekeep depositors’ money, provide all legitimate financial services to the community consistent with bank resources, furnish employees with competitive salaries and a pleasant working environment, and earn a proper return for shareholders. For more than a century our commitment to the mission has served our customers, our employees, our communities and our shareholders well.