AIDEA Loan Portfolio: Diversity and Performance

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, 2019, AIDEA’s outstanding loan portfolio consisted of 268 loans that had an outstanding principal balance of $444,943 million and were allocated by loan program type as shown in the table below.

 

Outstanding Loan Portfolio Balance
as of June 30, 2019

 
Loan Program Type
#
$ Amount (000's)
Loan Participation:    
    Bonds Outstanding 1 10,866
    Internally Funded 257 420,815
OREO Sale Financing 1 100
Other 0 0
Purchased Loans 23 13,142
TOTAL 282 $444,923
 

 

Loan Portfolio Delinquency
as of June 30, 2019

Loan Status
%
$ Amount (000's)
Current 99.46 442,531
Past Due    
      31-60 days .54 2,412
      61-90 days 0  
   Over 90 days 0 0
TOTAL 100% $444,943


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, 2019

Percentage of Outstanding Principal Balance

(insert pie chart 1)

 

 
Diversification by Industry
as of June 30, 2019

Percentage of Outstanding Principal Balance

(insert pie chart 2)

 


  
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 136 166,025 37.31%
Wells Fargo Bank Alaska N.A. 15 29,766 6.69%
Northrim Bank 78 171,327 38.5%
100% AIDEA Owned 25 24,128 5.43%
Alaska USA Federal Credit Union 15 22,363 5.25%
Key Bank N.A.  7 9,692 2.18%
First Bank 8 15,316 3.44%
Denali, a division of Nuvision Credit Union 1 3,995 0.93%
Mt. McKinley Bank 1 1,239 0.28%
Matanuska Valley FCU 1 222 0.05%
TOTAL 282 $444,943 100%