2025 First National Bank Alaska Annual Highlights

HEIGHTS2025ANNUAL HIGHLIGHTS REACHINGNEW

RISING ABOVE

I will always think of myself as a kid from Alaska who learned about banking at her father’s knee. Pop’s work fascinated me, but I was eager to explore other career paths – from archeology to learning multiple languages and living in Europe. Yet I kept coming back to all the positive things First National, then a much smaller community bank, helped our friends and neighbors accomplish to make Alaska a better place to live and work. That impact resonated deeply with me, and soon enough my career path was set. I’ve never looked back.

Today, I’m especially proud that First National Bank Alaska, still a community bank but now with regional reach, continues to help all Alaskans shape brighter tomorrows. In 2025, our efforts delivered record performance across the board, marking a banner year for the largest Alaska-based bank. Highlights included net income of $77.5 million, a $2.7 billion loan portfolio, and other milestones detailed in the pages ahead.

“As more of our customers expand beyond Alaska, they don’t outgrow First National. We grow with them.”

Betsy Lawer BOARD CHAIR AND CEO/PRESIDENT

Reaching new heights like those achieved in 2025 doesn’t happen by accident – they happen because of people. Time and time again First National has demonstrated that we have the right people, a thriving culture and the resources and the will to succeed. This mindset, paired with dedication and talent, has fueled the bank’s steady growth over the past decade (see page 7). Guided by an exceptionally skilled Board of Directors and leadership team, our organization is built on mutual respect, genuine care and a shared commitment to excellence. The impact of our strong culture culminated in earning national recognition when Forbes ranked First National second in the country on its America’s Best Banks list , the only Alaska financial institution on the list.

Another honor I’m especially proud of is being named Best Place to Work by Alaska Business magazine’s readers for the tenth year in a row . Every day, more than 600 Alaskans come to work at First National with a shared and simple philosophy: add value and never settle for being average. When you visit our branches and locations, you see firsthand that our culture, exemplified by this award, has helped First National become a magnet employer for smart, driven people who want to provide value and build meaningful careers. And when our employees thrive, so do our customers, communities and shareholders.

As I reflect for a moment on my 10 years as Board Chair, First National is not the same bank as when I first stepped into this role. At our core, we remain Alaska’s community bank – a place where relationships matter and much like the TV show “Cheers,” everyone knows your name. At the same time, we’ve grown into a bank that delivers highly sophisticated service and expertise, standing shoulder to shoulder with regional banks across the country. As more of our customers expand beyond Alaska, they don't outgrow First National. We grow with them.

Building on the momentum of 2024 and 2025, the bank has strategies and tactics in place for an even stronger 2026. Our goals are ambitious, yet achievable, but only with a talented, experienced team. I see that team every day when I come to work.

One lesson I learned from Pop early on is that no one succeeds on their own. That’s why I want to sincerely thank our employees, customers and communities for partnering with us to rise above the challenges of 2025 and achieve a record year. I look forward to what new heights we can reach together in 2026 … and beyond.

Betsy Lawer

Betsy Lawer BOARD CHAIR AND CEO/PRESIDENT

TEN YEARS AND COUNTING

First National’s creation of a work culture where every employee is shown appreciation and respect helped the bank earn a milestone recognition. For the 10 th year in a row, Alaska Business readers voted First National as the Best Place to Work in the magazine’s Best of Alaska Business Awards. The bank was also recognized as Best Bank/Credit Union for the fifth time and Best Customer Service for the second year in a row.

FINANCIAL HIGHLIGHTS

025 was another year of record-breaking achievements in financial performance and shareholder confidence for First National Bank Alaska. The bank’s net income topped $77.5 million, a 16% improvement that elevated return on assets by 31 basis points to 1.53%, returning the bank to top-quartile standing in our national peer group. First National’s common shares reached $300 per share as of Dec. 31, 2025, an increase of $67 for the year.

Total assets rose to $5.1 billion with customer deposits plus repurchase agreements totaling $4.5 billion and shareholders’ equity at $569.2 million.

Yield on earning assets grew to 4.78% on outstanding growth in the loan portfolio totaling $242 million, bringing the total portfolio to a record $2.7 billion. Achieving this record loan growth required originations in 2025 to exceed $900 million. Net interest margin improved 70 basis points to 3.82%. Asset credit quality remained high across asset classes: loan portfolio delinquencies remained low, with loans over 30-89 days past due at 0.26%; loans more than 90 days past due at 0.01%; and nonaccrual loans at 0.38% of total loans as of Dec. 31, 2025.

Deposits and securities sold under agreement to repurchase increased by $51.5 million during the year, despite a highly competitive environment. Interest expense declined to 0.96% of earning assets, assisting in the improvement in net interest margin.

Expanded services in Wealth Management and Trust, Escrow, Treasury Management, and Mortgage Lending helped propel growth in noninterest income. Operating expenses grew 4.4% with a focus on customer-facing system enhancements, investments in cybersecurity and fraud mitigation, and attention to competitive salary and benefit programs for employees. The bank delivered an improved efficiency ratio of 49.86%, outperforming our national peer group’s expense to revenue ratio of 57.63%.

First National built on the momentum of 2024, sustaining exceptional performance throughout 2025. More than 600 dedicated employees contributed to outstanding achievements that earned recognition both in Alaska and across the nation. Forbes naming First National as the second-top bank reflects our achievements in 2025. The global media company ranks the nation’s 100 strongest banks by 11 metrics, including growth, credit quality, profitability, efficiency ratio and stock performance.

COMMITMENT TO SAFETY AND SOUNDNESS

From the Board of Directors to executive management and the statewide employee teams, First National’s focus is squarely on the fundamentals of sound banking to maintain our standing as one of the safest and strongest banks in the nation. The bank remains steadfastly committed to strong liquidity, sound interest rate risk management and effective capital management to ensure First National’s long-term success.

First National maintained a strong on-hand liquidity ratio of 17% to 23% during 2025, which exceeded the minimums expected by bank regulators. This ratio gauges the resources available to address unplanned cash flow events at a financial institution as a percentage of liabilities. Liquidity is provided by cash reserves and securities available for sale that are unpledged for operating purposes.

Interest rate risk processes at First National guide exposure to changing interest rates and measure the changes in interest rate sensitivity as the balance sheet fluctuates. The bank values stable earnings and the ability to declare ongoing dividends and, accordingly, seeks to maintain an interest rate posture to protect stability and reduce the impact of changing rates on bank net interest income.

Capital levels are the cornerstone of banking longevity and soundness at First National. The bank’s total risk-based capital and Tier 1 leverage ratios as of Dec. 31, 2025, stood at 18.33% and 11.27%, respectively, both exceeding regulatory minimums, bank policy levels, and state and national peer group levels.

For more than a century, First National has delivered on our mission: to safeguard depositors’ money, provide all appropriate banking services, provide a safe and rewarding place to work for employees, and deliver appropriate returns to shareholders. Whatever heights we reach, this foundation and commitment to our customers, communities and shareholders will remain rock-solid.

REACHING NEW HEIGHTS

One of humanity’s most positive traits is our desire to improve, to move forward. And businesses, made up of people as they are, have the same aspiration: to become better tomorrow than they are today. Companies set ambitious and measurable goals to chart their progress. Reaching those goals gives a very real sense of fulfillment, and when performance rises above expectations, so does the feeling of accomplishment.

First National Bank Alaska found itself in that position at the end of 2025, following a year of focused effort and determined execution. The clear vision of the bank’s Board of Directors and leadership team, setting challenging yet reachable benchmarks, kept the bank on a clear, solid course, sharpened over the last 10 years. Turning that vision into results fell to a dedicated team of local experts who strive every day to reach a little higher than the day before.

The clear vision of the bank’s Board of Directors and leadership team kept the bank on a clear and solid course.

In 2025, that sharp focus produced exceptional results throughout the bank. Return on assets and return on equity reached record levels. Net income climbed to an all-time high $77.5 million, an increase of 16%. The bank’s efficiency ratio also outpaced the top 25% of banks in America. Together, these results demonstrate the strength of First National, highlighting the resources we, the bank, can bring to bear on our main mission - the success of our customers, communities and shareholders.

INTEGRITY – MORE THAN JUST A NAME

There’s another number that speaks just as clearly to the bank’s strength: the more than 600 employees who are at the heart of our success. They embody a culture of honesty, integrity and hard work. First National simply wouldn’t be able to reach these summits without their commitment, adaptability and drive to continually improve to meet whatever comes next.

Who knows what levels lie ahead as we help our fellow Alaskans shape a brighter future? Knowing our team, and the people we serve across Alaska, we are confident the future holds even greater possibilities. With a team like this, we believe the sky truly is the limit.

At Integrity Environmental, integrity and trust define the company’s commitment to helping their customers keep bulk fuel storage operations safe. That these values are shared by First National is one of the many reasons why Owner and Principal Consultant Shannon Oelkers (left) chooses to work with First National and Loan Officer Daniel Nicholson (right). Nicholson delivers the bank’s unique integrated One Solution approach to anticipate and respond to Integrity’s full range of financial needs while uncovering new solutions to help them grow and succeed.

A DECADE OF DELIVERING FOR ALASKANS

When CEO/President Betsy Lawer was elected Chair of First National Bank Alaska’s Board of Directors in 2015, she could not have imagined how much the bank would evolve over the next 10 years. But, with the foundation of strong management, banking values and a vibrant corporate culture laid in 1922, First National was propelled to another decade of exceptional performance and a recordsetting year in 2025.

Over the past decade, total assets grew 43% to $5.1 billion, fueled by strong customer deposit loyalty and sustained growth. The loan portfolio increased 75% to $2.7 billion, while maintaining an industrylow delinquency ratio. During the same period, employee compensation and benefits increased 43%, providing meaningful employment to more than 600 employees in 2025.

Net income grew 115% to $77.5 million, delivering dividends up 300%, totaling $63.3 million to shareholders in 2025. Investors rewarded the bank with a record high common stock price at $300 per share as of Dec. 31, 2025, more than double the share price of $140 as of the end of 2015.

“First National is proud of our 104 years of service to Alaskans,” said Lawer. “Our team’s accomplishments serve to underline how commitment to sound banking fundamentals deliver long-term value and high performance to Alaskans and help them shape a brighter tomorrow.”

LENDING AT A NEW LEVEL

Supporting Alaska’s businesses has long been a priority for First National. In 2025, the vital role of Alaska’s entrepreneurs was front and center.

For the third time, the bank earned the Top Alaska Small Business Administration (SBA) 504 Community Lender Award from Evergreen Business Capital, providing more SBA 504 loans than any other financial institution in the state. This recognition highlights the strong partnership with Evergreen, the Pacific Northwest’s leading SBA-certified development company. 2025 also marked First National’s most successful year for 7(a) loan participation, reflecting deeper engagement with SBA programs, making loans more accessible to businesses and helping provide affordable, long-term capital to meet their business needs.

First Express, our expedited loan approval program, continued to help Alaska businesses secure funding swiftly and efficiently, averaging just a three-day turnaround from application to funding. This popular program provided 104 loans, empowering businesses to seize new opportunities and navigate unexpected challenges.

Businesses across the state turned to First National for their lending needs, reflecting trust and the bank’s commitment to developing relationships and anticipating our customers’ financial needs. Every region, from the Interior to Southeast, saw increased loan activity, enabling First National to grow its loan portfolio by $242 million in 2025, ending the year with record-high loan volume of $2.7 billion. Keeping loan quality on par with loan quantity, loan delinquency on Dec. 31, 2025, measured by 30-89 days, was a mere 0.26%.

After more than a century of lending to Alaska businesses of all sizes, we understand the unique financial challenges they face. With a strong foundation of resources and an emphasis on developing and deploying digital and mobile banking technology, First National is ready to help our customers reach new heights in Alaska or wherever their business takes them.

Loans grew by $242 million

For Imaging Associates CEO Ward Hinger (left), driving innovation and providing high-quality patient care starts with the right support. First National’s team, including Senior Business Development Officer Teresa Powell (right), provides customized financial solutions and unmatched local health care banking expertise, helping Imaging Associates invest in advanced diagnostic tools – improving accuracy and delivering faster results for Alaskans

SECURITY NEVER TAKES A BREAK

To scammers, fraud is a full-time job. In 2025, First National employees prevented nearly $8.3 million of losses across the bank. Like a team summiting a mountain, this feat was only possible thanks to close collaboration at the highest level, having the right people, equipment and strategy in the right place at the right time.

As generative artificial intelligence improves by the minute and the prevalence of digital banking grows, cybersecurity and fraud awareness are more important than ever. As such, education remained a cornerstone of the bank’s fraud prevention strategy in 2025, starting with branch employees on the frontlines. The Bank Fraud team facilitated bimonthly seminars about recognizing signs of fraud. This education empowered employees to speak with customers about the bank’s diverse fraud prevention capabilities and to point them to services that could help them catch discrepancies. Fraud notices were also frequently shared during operations meetings, in the employee newsletter, and on the bank’s intranet, often helping stop scams before they could start.

First

National

employees

prevented nearly $8.3 million of bank losses in 2025

The bank’s Corporate Communications and Customer Experience Department communicated threats to customers in real time through various channels, including social media, press releases, and the bank’s website. Elevated communication through branch signage, paid advertisements, e-newsletters and account statements also featured messages about the latest scams and red flags customers should watch for and fraud prevention tools First National offers.

COMING IN FROM THE COLD

From the North Slope to South America, Equipment Source, Inc. (ESI) powers worksites in harsh conditions. ESI manufactures and supplies equipment built to withstand extreme weather in Alaska and beyond. With our One Solution approach and customized solutions from lending to treasury management services, First National is able to serve customers like ESI wherever their business takes them, whether it’s in the state, across the country or around the world. (Left

The Information Security Unit also held tailored fraud prevention webinars and in-person presentations on how to safeguard personal and business finances.

The efforts paid off. In 2025, account services identified and returned $3 million in fraudulent checks alone. The bank’s Positive Pay technology prevented another $1.4 million in losses. Additionally, the bank’s team prevented more than $1.2 million in other scams and schemes, including phishing attempts, business email compromise, and more.

These criminals never rest. To get ahead of their ever-changing scams and attacks, First National has adopted an active approach to protecting its assets by expanding fraud prevention measures and creating a new full-time position overseeing fraud. Working with a cross-divisional communication mindset, the team continues to look for ways to identify, mitigate and educate First National employees about fraud. These additional reinforcements saved more than $200,000 in losses by year-end.

With this strong foundation and many improvements to the bank’s digital services and fraud prevention tools on the horizon in 2026, the bank is well-positioned to be a trusted partner in helping Alaskans protect their finances for years to come.

ONE TEAM, ONE SOLUTION

First National stands apart from competitors through its One Solution approach to relationship banking. Our bankers build relationships with customers, learn about them and their businesses and then recommend bank products and services based on the unique challenges and opportunities each customer faces.

“Connecting with Alaskans on a personal level ... is the cornerstone of First National’s One Solution approach.”

Sean Brown TREASURY MANAGEMENT & CARD MANAGER

investment, and earning industry designations to provide more specialized knowledge.* They also frequently collaborated with Treasury Management, Escrow Services, Mortgage Lending, and Card Services, referring customers to the appropriate subject matter experts whenever there was a need or opportunity to expand their suite of services. “Working with other departments is a daily activity,” said Senior Vice President and Wealth Management Director Morgan Neff.

Treasury Management & Card Manager Sean Brown agrees that connecting with Alaskans on a personal level and delivering local expertise is the cornerstone of the One Solution approach. “No other bank in Alaska focuses so much on their employees and provides the right tools to build strong relationships with customers,” he said.

One way leadership measures the success of the One Solution approach is through noninterest income. In 2025, noninterest income reached a record high, increasing by 0.6% to an unprecedented $29.1 million. This rise was thanks to the First National team’s focus on creating efficiencies and sharp financial management. Diversifying the bank’s income beyond loans strengthens profitability and enhances portfolio resilience.

The Wealth Management and Trust Department was a huge contributor to noninterest income in 2025. Their team built a solid foundation of knowledge and reliability for their customers, strengthening their bench in operations, trust and

2026 will no doubt bring its own challenges, but our teams are looking forward to refining systems and setting their sights on long-term growth. There will always be an upcoming peak to climb, but together, this team is more than ready for the trek.

TALKING ‘BOUT MY GENERATION

Fresh out of high school with teenage jobsite lessons learned from their dad, the Martorell brothers, Joe (pictured here) and Ray, started Image Drywall and Paint, now a thriving business with success in Alaska and Nevada.

First National holds Image Drywall’s deposits, has provided loans for acquisitions and commercial buildings, extended lines of credit, and even helped set up a wealth management account. That’s why the Martorells count on First National and the One Solution approach to support Image Drywall's expansion, now and in the years ahead.

IT TAKES A TEAM

Achieving your greatest potential takes more than flying solo. That’s one reason why First National elevated its performance to new heights in 2025. Over the last 104 years, the bank has fostered a culture of close collaboration and unified effort. Our team understands when one member succeeds, it lifts us all and inspires even greater enterprise.

Here are a few examples of how our divisions worked together to ensure our employees, customers and communities will share a brighter future, always looking upward.

INFORMATION TECHNOLOGY

The Information Technology (IT) team had a productive year, laying the groundwork for the bank’s upcoming Digital Banking Upgrade. Launching in 2026, this effort will deliver a streamlined, modern online banking experience, featuring a single unified app and online account portal for both business and personal banking customers. The new platform is being built from the ground up with improved features, enhanced navigation and greater flexibility for future improvements, while maintaining the security and reliability that First National customers rely on, whenever and however they bank.

CUSTOMER EXPERIENCE

First National’s Customer Experience team launched two important surveys in 2025. The first was a statewide customer survey that helped identify gaps in the bank’s processes and gathered valuable feedback on how to better serve customers throughout Alaska. The second was an internal culture assessment designed to deepen our understanding of how the bank can improve the employee experience and identify opportunities to strengthen engagement and retention among the exceptional local experts our customers count on every day.

After all, when employees are engaged and supported, they are better able to dedicate themselves to helping their fellow Alaskans achieve their goals. Listening carefully and acting on what we learn from both customers and employees is part of what drives continuous improvement and makes First National the second-top bank in the nation, as recognized by Forbes.

ESCROW

The Escrow team, in close partnership with Information Technology and support from around the bank, completed a major core system conversion and launched a new Escrow Customer Portal. These enhancements significantly improved the customer experience by improving data integrity, increasing workflow efficiency, and expanding secure customer access to their escrow account.

These upgrades help maintain the bank’s competitive position and help expand Escrow Services’ reach in Alaska and the Pacific Northwest, strengthening ties with real estate professionals and enhancing collaboration with First National’s lending team and branch employees. Together, these initiatives support continued growth in specialized escrow portfolios and reinforce the bank’s reputation for secure, compliant contract servicing, and positioning.

ROLLIN’ ON THE RIVER (LEFT)

Being 10 miles upriver from Napakiak Corporation doesn’t stop First National’s Kuskokwim Branch Manager Nili Sundown (second from left) from providing the exceptional customer service the bank is known for. These days, the decades-long relationship with First National focuses on helping Napakiak with the environmental, financial, and logistical challenges in rural Alaska. “First National has supported us as we expanded into new ventures, from retail to energy,” Napakiak General Manager Lloyd Black (third from left) said. “Their staff understands our needs and provides personal support.”

ONE DAY AT A TIME (RIGHT)

True North Recovery in the Mat-Su Valley has helped thousands of Alaskans meet the challenges of addiction and sustaining mental health, and First National is proud to have supported their efforts from the start. True North Recovery, Inc. Founder and CEO Karl Soderstrom can't put his finger on any one aspect of our One Solution that causes First National to stand out to him. "I wouldn't say it's one particular product; it's more about the relationship, guidance and good management of our growth. First National treats us like a partner."

PROPERTY

First National's Property team streamlined its processes, playing a major role in the bank’s record earnings and exceptional return on assets. The department achieved new levels of efficiency while balancing many bank improvement projects. This included all-new HVAC and remote drive-thru teller systems commissioned in the South Center Branch, siding and exterior structural repairs for the Sitka and Homer branches (where in-house work saved more than $100,000 alone), and nearly completing refurnishing, new paint and carpet at the Service Center, which houses several business units including Audit, the Contact Center, Human Resources and IT.

Our team understands when one member succeeds, it lifts and inspires us all.

All these improvements create a comfortable, welcoming environment for employees and customers, elevating the banking experience for everyone.

THE POWER OF AN AWARD-WINNING CULTURE

“The undisputed heavyweight champion of positive workplace culture.” That’s how Alaska Business magazine described First National last May, before they announced the bank’s unprecedented 10-year streak as Best Place to Work. This reputation isn’t accidental — it’s built by employees at every level, who commit to caring for and helping one another succeed. The result? A truly stellar workplace where people work hard, act with integrity and build lasting careers they love.

When Senior Loan Servicing Supervisor Hamza Mustafa moved to Alaska more than 12 years ago, a positive work environment was one of the top attributes he sought in a job. Once hired, he quickly learned that everyone who worked at First National was part of a team that would foster his ambitions, wherever they may lead. Our team of more than 600 employees genuinely cares about each other and wants to see each person succeed.

Investing in future leaders is a priority for the bank. There are ample opportunities for employees to develop on their own timeline,

TRADITIONS THAT SHAPE TOMORROW

Goldbelt is a prime player in Southeast Alaska, first venturing into the logging and timber industry but later expanding its operations into tourism, which remains an integral part of its operations. Alaska Native businesses like Goldbelt drive economic growth benefiting both shareholders and their communities. First National’s local expertise, customized cash flow solutions and specialized financing are just a few reasons why Goldbelt trusts First National to help deliver financial success for the areas they serve. (Left to right: First National Regional Branch Manager Tom Sullivan, Goldbelt CEO & President McHugh Pierre)

whether that means exploring openings across departments, making a career development plan with their supervisor, signing up for tuition assistance, or connecting with Human Resources’ Learning and Development Unit. “I was impressed by how First National really focused on careers and not just jobs,” Mustafa said. “The recognition and opportunities for those who put in the work mean a lot to me.”

This encouraging environment has a ripple effect that positively impacts all levels of the bank experience, from shareholders to customers and each teller line in between. It’s just a small reason why, in 2025, American Banker recognized First National as a Best Bank to Work For for the eighth year in a row. Employees who feel respected and valued at work are more empowered to solve problems, take creative risks and try bold solutions to keep the bank moving forward.

Employee satisfaction also leads to higher retention rates, allowing them to foster deeper relationships with teammates, customers and members of the communities in which they serve. This longevity translates to increased institutional knowledge, decreases service disruptions and boosts the bank’s reputation of providing stellar, consistent customer service. When First National’s employees thrive, our customers and shareholders thrive, too.

With this incredible team, we’re perfectly poised to reach even greater heights in 2026.

INSPIRING BRIGHTER TOMORROWS

As Alaska’s community bank, our focus remains exactly where we like it – on the communities we proudly serve. For more than 104 years, we’ve operated with an understanding we can only succeed as a business if those communities experience success of their own.

That’s one reason why First National Bank Alaska and its employees contributed more than $1 million to support Alaskans in 2025. Total contributions of $1,033,264 included charitable gifts, activity sponsorships and in-kind donations of time and talent during the year.

More than $1 million contributed to Alaskans in 2025

“Our great communities are at the heart of what makes Alaska such a wonderful place to live, work and play,” said Board Chair and CEO/ President Betsy Lawer. “By investing in their success, we directly enhance quality of life and help shape a stronger, more prosperous tomorrow for all Alaskans.”

Financial support was given to a wide variety of health, youth, educational, civic, and arts organizations in the state, from Utqiagvik to Ketchikan and Kodiak to Cordova.

ALASKANS HELPING ALASKANS

When severe storms, including Typhoon Halong, devastated Alaska’s western coast, local community organizations and regional partners united to establish the Western Alaska Disaster Relief Fund at the Alaska Community Foundation (ACF). Alaska businesses and individuals statewide quickly rallied to support this relief effort, with First National Bank Alaska contributing $10,000. Our support helped ensure that families evacuated to Anchorage received the care and security they needed until they could safely return home. (Left to right: First National Executive Vice President Steve Patin, ACF President & CEO Alexandra McKay and First National Donations Committee Chair David Haynes)

Educational and youth organizations remained a major focus, with significant contributions to the Alaska School Activities Association, Anchorage Museum, Covenant House Alaska, Ilisagvik College, Big Brothers Big Sisters, Junior Achievement, University of Alaska Foundation and many more.

Community is at the core of First National’s unique culture. Our team of local Alaskans are deeply involved in the cities, towns and villages where they live and work. By serving on nonprofit boards, organizing volunteer drives and donating their time and resources, they are committed to helping their friends and neighbors thrive.

Shaping a brighter tomorrow requires commitment, resources, and a shared vision for a future where all Alaskans enjoy a better quality of life. This inspiration motivates us to keep moving forward every day.

BOARD OF DIRECTORS

Admiral Tom Barrett, USCG, Ret.

PRESIDENT, UNIVERSITY OF ALASKA

HIGH-LEVEL APPROACH

he unmatched experience and myriad perspectives of First National’s Board of Directors and executive management team give them the 10,000-foot-view necessary to keep the big picture in mind when planning the bank’s strategies for reaching new heights, helping to shape a brighter future for employees, customers, shareholders and

GROUP PHOTO, FROM LEFT TO RIGHT:

Cheri Gillian, Former First National Senior Executive Officer and Business Community Member; John Binkley, Chairman, Godspeed Inc.; Kim Reitmeier, President, Tribal Development Partners; John Sims, President, ENSTAR Natural Gas Company; Betsy Lawer, Chair and CEO/President; Darren Franz, President –Lending & Administration; Lukas Stutzer, Co-founder/CEO, Helio Alaska, Inc.; Janet Weiss, Business Community Member; Vice Chair Lucy Mahan, Owner, Transitional Counseling, LLC; Lead Director

EXECUTIVE & SENIOR MANAGEMENT TEAM

Betsy Lawer BOARD CHAIR AND CEO/PRESIDENT

Karl Heinz

EXECUTIVE VICE PRESIDENT SENIOR BRANCH ADMINISTRATION DIRECTOR

Darren Franz PRESIDENT – LENDING & ADMINISTRATION

CHIEF CREDIT OFFICER BANK DIRECTOR

Elaine Kroll

EXECUTIVE VICE PRESIDENT SENIOR BANKING DIRECTOR

Michele Schuh

EXECUTIVE VICE PRESIDENT CHIEF FINANCIAL OFFICER

Phil Griffin

EXECUTIVE VICE PRESIDENT CHIEF INFORMATION OFFICER

Steve Patin

EXECUTIVE VICE PRESIDENT SENIOR ADMINISTRATIVE DIRECTOR

Chad Steadman

EXECUTIVE VICE PRESIDENT SENIOR CORPORATE LENDING DIRECTOR

Denise Brown Robinson

SENIOR VICE PRESIDENT

CORPORATE COMMUNICATIONS & CUSTOMER EXPERIENCE DIRECTOR BOARD SECRETARY

Ligia Lutan

SENIOR VICE PRESIDENT

SENIOR LENDING UNIT TEAM LEADER

Craig Thorn

SENIOR VICE PRESIDENT DEPUTY BRANCH

ADMINISTRATION DIRECTOR

Rick Flake

SENIOR VICE PRESIDENT CORPORATE SERVICES DIRECTOR

Morgan Neff

SENIOR VICE PRESIDENT WEALTH MANAGEMENT DIRECTOR SENIOR TRUST OFFICER

Suzanne Whittle

SENIOR VICE PRESIDENT

CHIEF COMPLIANCE OFFICER COMPLIANCE & BRANCH OPERATIONS SUPPORT DIRECTOR

Dustin Hofeling

SENIOR VICE PRESIDENT IT SYSTEMS & SUPPORT DIRECTOR

D’Ava Marsh

SENIOR VICE PRESIDENT CENTRAL LOAN PROCESSING & SERVICING DIRECTOR

Tiffany Hoogerhyde

SENIOR VICE PRESIDENT CONTROLLER

Melissa Reiser

SENIOR VICE PRESIDENT SENIOR STRATEGIC COMMERCIAL LENDER

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

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

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

262 Equinox Loop 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 Juneau, AK 99801-1824

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 99611-7754

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

MISSION STATEMENT

First National'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, the bank's commitment to the mission has served our customers, employees, communities and shareholders well.