Returns have largely moderated from many early-year records for Alaska’s banks, but the lending business remains strong as people have money to spend. The drop-off from record income quarters corresponds to the wind-down of the U.S. Small Business Administration’s extremely popular Paycheck Protection Program, said Jed Ballard, chief financial officer at Northrim Bank. Lenders
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Fewer visitors meant less demand for services, and the local leisure and hospitality businesses cut jobs by 41%, according to the Explore Fairbanks report.