Northrim Bank

Northrim Bank Locations
3111 C Street
Anchorage, AK 99524-1489
800-478-2265
www.northrim.com
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

ApyMinMaxProduct
0.25%$7,500-HSA Checking
0.10%$6k-President's Club Account
0.10%$2,500-High Performance Checking
0.05%--50+ Free Interest Checking
0.05%--Free Premium Interest Checking
0.05%--Business Interest Checking

Northrim Bank Savings Account Rates

ApyMinMaxProduct
0.45%$500k-Performance Indexed Account
0.32%--Variable Rate IRA
0.32%--Variable Rate Roth IRA
0.25%$25k-Classic Savings
0.25%$7,500-Education Savings Account
0.25%$25k-Business Savings
0.15%--Kid's Club

Northrim Bank Money Market Rates

ApyMinMaxProduct
0.20%$25k-Money Market

Northrim Bank CD Rates

ApyMinMaxProduct
0.95%$25k$5m5 Year CD
0.85%$25k$5m4 Year CD
0.75%$25k$5m3 Year CD
0.75%--3 year Jump-Up CD
0.50%$150k-Bonus Rate Alaska CDs
0.40%$150k-Alaska CDs
0.35%$25k$5m2 Year CD
0.35%--2 Year Jump-Up CD
0.30%--18 Months Jump-Up CD
0.25%$25k$5m1 Year CD
0.25%--1 Year Jump-Up CD
0.15%$25k$5m6 Month CD
0.10%$500$5m90 Day CD
0.05%$500$5m30 Day CD

Northrim Bank IRA Rates

ApyMinMaxProduct
0.75%--3 year Jump-Up IRA
0.75%--3 year Jump-Up Roth IRA
0.35%--2 Year Jump-Up IRA
0.35%--2 Year Jump-Up Roth IRA
0.30%--18 Months Jump-Up IRA
0.30%--18 Months Jump-Up Roth IRA
0.25%--1 Year Jump-Up IRA
0.25%--1 Year Jump-Up Roth IRA

Rates updated: 2/7/2012

Data for Q3 2011


Institution Statistics


Northrim Bank
FDIC Certificate #33216
BankRate ReportView
Year Established1990
Employees266
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.06 billion
Loans$639.11 million
Deposits$900.59 million
Equity Capital$130.02 million
Loan Loss Allowance$16.09 million
Unbacked Noncurrent Loans$7.87 million
Real Estate Owned$5.84 million

Historic Data - September 2010

Assets$1.03 billion
Equity Capital$125.69 million
Loan Loss Allowance$14.71 million
Unbacked Noncurrent Loans$13.89 million
Real Estate Owned$11.02 million

Profit Margin - Quarterly

Net Interest Margin4.74%
Return on Assets1.12%
Return on Equity9.28%
Interest Income$36.33 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 September 30, 2011 Northrim Bank had $13.7 million in non-current loans and owned real-estate with $146.12 million in equity and loan loss allowances on hand to cover it. This gives Northrim Bank a Texas Ratio of 9.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Northrim Bank decreased significantly from 17.74% as of September 30, 2010 to 9.38% as of September 30, 2011, resulting in a positive change of 47.13%.This indicates that the balance sheet and financial strength for Northrim Bank has improved significantly in recent periods.
Deposit Growth4
In the past year, Northrim Bank has increased its total deposits by $15.88 million, resulting in 1.79% 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 above average.
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 $1.06 billion in assets with $146.12 million in equity, resulting in a capitalization level of 13.78%, which is excellent.
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