Northrim Bank

3111 C Street
Anchorage, AK 99503

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33216
Date Established 1990
Assets $1.51 billion
Loans $1.01 billion
Deposits $1.27 billion
Capital $0.18 billion

Northrim Bank is an FDIC insured institution located in Anchorage, AK. It was founded in 1990 and has approximately $1.51 billion in assets. Customers can open an account at one of its 14 branches.

For a more detailed analysis of Northrim Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Northrim Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Alaska, Northrim Bank has a significantly higher percent of Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.06
Multifamily
Mortgages
3.06
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 11.67
Construction and Development Loans 8.28
Commercial Real Estate 50.62
Commercial and Industrial Loans 26.91
Farm Loans 0.73

Deposit Rates - September 22, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
03MCD10K
0.21% $500 $24,999 Learn MoreShow Less
03MCD100K
0.21% $100,000 $499,999 Learn MoreShow Less
06MCD10K
0.31% $500 $24,999 Learn MoreShow Less
06MCD100K
0.31% $100,000 $499,999 Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.65% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.24% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM10K
0.07% $500 $24,999 Learn MoreShow Less
MM 25K
0.11% $25,000 - Learn MoreShow Less

Loan Rates - September 22, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 2.99% 2.99% $449.11 Learn MoreShow Less

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Northrim Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Northrim Bank Locations

Financial Details

Northrim Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northrim Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northrim Bank U.S. Bank Average
13.78% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2018, Northrim Bank had $18,979,000 in non-current loans and $8,815,000 in owned real estate. To cover these potential losses it had $181,035,000 in equity and $20,658,000 in loans loss reserves. That gives it a Texas Ratio of 13.78%.

Return on Equity
Northrim Bank U.S. Bank Average
9.94% 9.35%

Northrim Bank has a Return on Equity of 9.94% versus the BestCashCow average of 9.35%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Northrim Bank U.S. Bank Average
11.96% 12.01%

Northrim Bank has a Capitalization of 11.96% versus the BestCashCow average of 12.01. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Northrim Bank Balance Sheet Analysis

As of March 31, 2018, Northrim Bank had assets of $1,514,091,000, loans of $1,007,754,000, and deposits of $1,274,703,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.08 billion
Interest-bearing balances $0.07 billion
Total securities $0.30 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.01 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.02 billion
All other assets $0.06 billion
     Total Assets $1.33 billion
LIABILITIES
Total deposits $1.27 billion
      Interest-bearing deposits $0.84 billion
      Deposits held in domestic offices $1.27 billion
      % insured (estimated) 56.31%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.33 billion
      Shareholders’ Equity $0.18 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Northrim Bank

Branches and Savings

Is Northrim Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33216.

Why does Northrim Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northrim Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northrim Bank a commercial bank?

Yes

Where are Northrim Bank locations?

See branch locations nearby.

Is Northrim Bank open on Saturdays?

Is Northrim Bank open on Sundays?

What time does Northrim Bank open?

What time does Northrim Bank close?

Are Northrim Bank ATMs Open 24/7?

Do Northrim Bank ATMs accept cash deposits?

Can Northrim Bank customers use other ATMs?

Do Northrim Bank branches have notaries?

Will Northrim Bank notarize my document?

What address for Northrim Bank should I put for incoming ACH transfers?

Will the Northrim Bank branch print checks?

Do Northrim Bank checks expire?

Does Northrim Bank require US citizenship to open account?

Can Northrim Bank close my account?

Does Northrim Bank Report to credit bureaus?

Does Northrim Bank Use Equifax?

What is Northrim Bank's ACH Routing Number?

What is Northrim Bank's SWIFT code?

Products

Does Northrim Bank offer mortgages?

Compare mortgage rates here.

Does Northrim Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northrim Bank offer personal loans?

Compare personal loan rates here.

Does Northrim Bank offer student loans?

Will Northrim Bank cash a check?

Will Northrim Bank redeem a savings bond?

Does Northrim Bank cash savings bonds?

Will Northrim Bank cash money orders?

Can Northrim Bank issue a money order?

Does Northrim Bank do currency exchange?

Background on The Bank

Who owns Northrim Bank?

How long has Northrim Bank been around?

Can Northrim Bank transfer to other banks?

Does Northrim Bank have quick pay?

Does Northrim Bank accept rolled coins?

Will Northrim Bank accept loose change?

Where is Northrim Bank headquarters?

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