Average User Rating:
1 star rating based on 1 review.

Northrim Bank

3111 C Street
Anchorage, AK 99503
800-478-2265
www.northrim.com

FDIC

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Northrim Bank is a commercial bank, headquartered in Anchorage, Alaska, committed to providing Customer First Service. They specialize in serving businesses, professionals, and individual Alaskans who are looking for personal service and value.

Northrim Bank Routing Number: 125200934

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See Rates for: Checking | Savings | Money Market | CD | IRA

Northrim Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$500k	-	Business Sweep Checking
0.04%	$6k	-	President's Club Account
0.04%	$2,500	-	PowerCheck Interest Checking
0.03%	$500	-	Business Interest Checking
0.02%	-	-	DirectCheck Interest Checking

Northrim Bank Savings Account Rates

Apy	Min	Max	Product
0.20%	$500k	-	Performance Indexed Account
0.14%	-	-	Variable Rate IRA
0.14%	-	-	Variable Rate Roth IRA
0.10%	$25k	-	Classic Savings
0.10%	$7,500	-	Education Savings Account
0.10%	$25k	-	Business Savings
0.10%	$7,500	-	HSA Checking
0.07%	-	-	Kid's Club

Northrim Bank Money Market Rates

	Apy	Min	Max	Product
	0.05%	$25k	-	Money Market

Northrim Bank CD Rates

Apy	Min	Max	Product
0.70%	$100k	$5m	5 Year CD
0.60%	$100k	$5m	4 Year CD
0.50%	$100k	$5m	3 Year CD
0.40%	$150k	$5m	Bonus Rate Alaska CD
0.30%	$100k	$5m	2 Year CD
0.30%	$150k	$5m	Alaska CD
0.30%	$500	-	3 Year Jump-Up CD
0.25%	$500	-	2 Year Jump-Up CD
0.20%	$100k	$5m	1 Year CD
0.20%	$500	-	18 Month Jump-Up CD
0.15%	$100k	$5m	30 Day CD
0.15%	$100k	$5m	90 Day CD
0.15%	$100k	$5m	6 Month CD
0.15%	$500	-	1 Year Jump-Up CD

Northrim Bank IRA Rates

Apy	Min	Max	Product
0.30%	$100	-	3 Year Jump-Up IRA
0.30%	$100	-	3 year Jump-Up Roth IRA
0.25%	$100	-	2 Year Jump-Up IRA
0.25%	$100	-	2 Year Jump-Up Roth IRA
0.20%	$100	-	18 Month Jump-Up IRA
0.20%	$100	-	18 Month Jump-Up Roth IRA
0.15%	$100	-	1 Year Jump-Up IRA
0.15%	$100	-	1 Year Jump-Up Roth IRA

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

Northrim Bank
FDIC Certificate #	33216
BankRate Report	View
Year Established	1990
Employees	252
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.15 billion
Loans	$718.53 million
Deposits	$978.81 million
Equity Capital	$138.94 million
Loan Loss Allowance	$16.73 million
Unbacked Noncurrent Loans	$4.53 million
Real Estate Owned	$4.54 million
Historic Data - December 2011
Assets	$1.08 billion
Equity Capital	$130.84 million
Loan Loss Allowance	$16.50 million
Unbacked Noncurrent Loans	$7.36 million
Real Estate Owned	$5.18 million
Profit Margin - Quarterly
Net Interest Margin	4.63%
Return on Assets	1.27%
Return on Equity	10.34%
Interest Income	$47.69 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Northrim Bank had $9.07 million in non-current loans and owned real-estate with $155.67 million in equity and loan loss allowances on hand to cover it. This gives Northrim Bank a Texas Ratio of 5.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Northrim Bank decreased slightly from 8.51% as of December 31, 2011 to 5.83% as of December 31, 2012, resulting in a positive change of 31.53%.This indicates that the balance sheet and financial strength for Northrim Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Northrim Bank has increased its total deposits by $60.27 million, resulting in 6.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northrim Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northrim Bank has $1.15 billion in assets with $155.67 million in equity, resulting in a capitalization level of 13.50%, which is excellent.

Terrible Bank Take Your Business Elsewhere.
1 stars

- endknight - Tuesday, February 5, 2013 - 3:02 PM

Northrim banks claim to "customer first service" is a sham. They are all about big business and don't care about the problems of the individual banker. In some cases a bank will accept what is known as a "deed in leu" where you can give back a house when you have no other choice. I happen to know that Northrim accepted an entire housing development back from a big builder, When my septic system failed due to ground conditions after paying over $100,000 in interest over the coarse of the loan Northrim refused me, in fact they threatened to sue me if I couldn't keep making the payments. So remember that when you choose who to get your home loan from.