National Bancorp of Alaska, parent of National Bank of Alaska, said it is worried about potential loan problems that could affect roughly 5% of its loan portfolio, according to a recent filing with the Securities and Exchange Commission.
The Anchorage-based bank said that it is reviewing $85.5 million of loans monthly.
In the SEC filing, the bank said it has concerns about the borrowers' abilities to comply with their present loan repayment terms.
Bill Granger, senior vice president at National Bank of Alaska, said the amount represents 100 loans made to a range of businesses. The borrowers are experiencing different levels of stress, he said; he did not say whether they were falling behind on payments.
None of the loans have become nonperforming, the bank said. National Bank of Alaska has $2.9 billion of assets, including $1.5 billion of loans outstanding, and operates 54 branches throughout the state. -- Matt Andrejczak