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

Northrim Bank

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

FDIC


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



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

Northrim Bank Checking Account Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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

ApyMinMaxProduct
0.05%$25k-Money Market

Northrim Bank CD Rates

ApyMinMaxProduct
0.70%$100k$5m5 Year CD
0.60%$100k$5m4 Year CD
0.50%$100k$5m3 Year CD
0.40%$150k$5mBonus Rate Alaska CD
0.30%$100k$5m2 Year CD
0.30%$150k$5mAlaska CD
0.30%$500-3 Year Jump-Up CD
0.25%$500-2 Year Jump-Up CD
0.20%$100k$5m1 Year CD
0.20%$500-18 Month Jump-Up CD
0.15%$100k$5m30 Day CD
0.15%$100k$5m90 Day CD
0.15%$100k$5m6 Month CD
0.15%$500-1 Year Jump-Up CD

Northrim Bank IRA Rates

ApyMinMaxProduct
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 ReportView
Year Established1990
Employees252
Primary RegulatorFDIC

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 Margin4.63%
Return on Assets1.27%
Return on Equity10.34%
Interest Income$47.69 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Trend4
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 Growth5
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.
Capitalization5
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.
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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.

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