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, 2017, AIDEA’s outstanding loan portfolio consisted of 243 loans that had an outstanding principal balance of $403,549 million and were allocated by loan program type as shown in the table below.

Outstanding Loan Portfolio Balance
as of June 30, 2017


Loan Program Type
#
$ Amount (000's)
Loan Participation:
    Bonds Outstanding 1 12,085
    Internally Funded 216 3
OREO Sale Financing 2 258
Other 0 0
Purchased Loans 24 15,235
TOTAL 243 $403,549

Loan Portfolio Delinquency
as of June 30, 2017

Loan Status
%
$ Amount (000's)
Current 100 403,549
Past Due
      31-60 days 0 0
      61-90 days 0
   Over 90 days 0 0
TOTAL 100% $403,549


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, 2017

Percentage of Outstanding Principal Balance

 

 
Diversification by Industry
as of June 30, 2017

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 115 144,549 35.82%
Wells Fargo Bank Alaska N.A. 19 46,219 11.45%
Northrim Bank 56 129,204 32.02%
100% AIDEA Owned** 27 27,578 6.83%
Alaska USA Federal Credit Union
7 23,288 5.77%
Key Bank N.A.  8 10,923 2.71%
Umpqua Bank
1 3,454 0.86%
First Bank 6 11,706 2.90%
Denali Federal Credit Union 1 4,122 1.02%
Mt. McKinley Bank 1 1,299 0.32%
Matanuska Valley FCU 2 1,256 0.30%
TOTAL 243 $403,549 100%