AIDEA Loan Portfolio


Loan programs play an important role in fulfilling AIDEA's mission, while also providing a long-term investment for AIDEA. Through loan participations and loan guarantees with the banking community, AIDEA provides opportunities to finance the establishment, operation and development of industrial, manufacturing, export, small business and business enterprises.

As of June 30, 2018, AIDEA’s outstanding loan portfolio consisted of 268 loans that had an outstanding principal balance of $429,732 million and were allocated by loan program type as shown in the table below.

Outstanding Loan Portfolio Balance
as of June 30, 2018


Loan Program Type
#
$ Amount (000's)
Loan Participation:
    Bonds Outstanding 1 11,502
    Internally Funded 242 403,946
OREO Sale Financing 1 100
Other 0 0
Purchased Loans 24 14,184
TOTAL 268 $429,732

Loan Portfolio Delinquency
as of June 30, 2018

Loan Status
%
$ Amount (000's)
Current 99.61 428,072
Past Due
      31-60 days .39 1,660
      61-90 days 0
   Over 90 days 0 0
TOTAL 100% $429,732


The following two tables show the loan portfolio diversity, first by geographic region and then by industry.

Loan Participations - Diversification by Geographic Region
as of June 30, 2018

Percentage of Outstanding Principal Balance

 

 
Diversification by Industry
as of June 30, 2018

Percentage of Outstanding Principal Balance


 
  
Financial Institutions Utilizing AIDEA's Loan Programs

AIDEA purchases loan participations from a number of financial institutions both inside and outside of Alaska. The following table shows a breakdown of the portfolio by originator. In the table, the AIDEA portfolio includes loans originated from the sale of other real estate owned (OREO), Power Project Fund loans purchased from AEA, and a loan participation to Valley Utilities, LLC.


(Unaudited figures. Subject to change.)


Financial institution Number of Loans Principal Balance ($000's) % of Total $
First National Bank Alaska 127 154,029 35.84%
Wells Fargo Bank Alaska N.A. 15 31,781 7.40%
Northrim Bank 75 168,110 39.11%
100% AIDEA Owned** 26 25,786 6.00%
Alaska USA Federal Credit Union
8 22,942 5.34%
Key Bank N.A.  8 10,294 2.40%
First Bank 6 11,274 2.62%
Denali Federal Credit Union 1 3,995 0.93%
Mt. McKinley Bank 1 1,270 0.30%
Matanuska Valley FCU 1 248 0.06%
TOTAL 268 $429,732 100%