1. (a) The department will assess a state-chartered deposit institution a regulatory fee based on total assets shown in the December 31 and June 30 report of condition. The assessment will be collected semiannually and will be computed using the following schedule:

   1. (1) up to $20,000,000; $6,000;
   2. (2) $20,000,001 or more, but not over $100,000,000; $8,000 plus .000124 of total assets over $20,000,000;
   3. (3) $100,000,001 or more, but not over $200,000,000; $18,000 plus .000122 of total assets over $100,000,000;
   4. (4) $200,000,001 or more, but not over $300,000,000; $31,000 plus .000114 of total assets over $200,000,000;
   5. (5) $300,000,001 or more, but not over $500,000,000; $43,000 plus .000061 of total assets over $300,000,000;
   6. (6) $500,000,001 or more, but not over $1,000,000,000; $56,000 plus .000038 of total assets over $500,000,000;
   7. (7) $1,000,000,001 or more, but not over $3,000,000,000; $80,000 plus .000023 of total assets over $1,000,000,000;
   8. (8) over $3,000,000,001; $126,000 plus .000015 of total assets over $3,000,000,000.
2. (b) The assessment will be included with the December 31 and June 30 reports of condition submitted on the form provided by the division. The assessment shall be submitted to the department no later than January 31 and July 31.
3. (c) After a certificate of authority has been issued, a new state-chartered deposit institution is subject to the full assessment in the second period for which a report of condition is due.

4. (d) In this section and in AS 06.01.010, unless the context requires otherwise,

   1. (1) "deposit institution" means a "financial institution" licensed or regulated by the department which is not a trust company, a bank holding company, a premium finance company, a small loan company, or Alaska Commercial Fishing and Agriculture Bank;
   2. (2) "regular examination" and "periodic examination" mean an examination conducted at the interval authorized under AS 06;
   3. (3) "special examination or investigation" means an examination not classified as a regular or periodic examination.

(Eff. 11/28/92, Register 124; am 3/4/2018, Register 225)

Authority: AS 06.01.010, AS 44.81.270