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Overview / Commentary
800-478-2265
3111 C Street
Anchorage, AK 99503

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.

Reviews (1)

Terrible Bank Take Your Business Elsewhere.

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.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Northrim Bank had $4.22 million in non-current loans and owned real-estate with $161.35 million in equity and loan loss allowances on hand to cover it. This gives Northrim Bank a Texas Ratio of 2.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Northrim Bank decreased dramatically from 5.83% as of December 31, 2012 to 2.61% as of December 31, 2013, resulting in a positive change of 55.16%.This indicates that the balance sheet and financial strength for Northrim Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Northrim Bank has increased its total deposits by $34.97 million, resulting in 3.57% 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

GRADE:
A+

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 $1.21 billion in assets with $161.35 million in equity, resulting in a capitalization level of 13.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33216
Year Established1990
Employees268
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.21 billion
Loans$781.06 million
Deposits$1.01 billion
Equity Capital$144.80 million
Loan Loss Allowance$16.56 million
Unbacked Noncurrent Loans$1.82 million
Real Estate Owned$2.40 million
Historic Data - December 2012
Assets$1.15 billion
Equity Capital$138.94 million
Loan Loss Allowance$16.73 million
Unbacked Noncurrent Loans$1.82 million
Real Estate Owned$4.54 million
Profit Margin - Quarterly
Net Interest Margin4.48%
Return on Assets1.17%
Return on Equity9.62%
Interest Income$48.79 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Northrim Bank, we are a rate comparison website and can not provide official rates or promotions.

Northrim Bank Savings Account Rates

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

Northrim Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$25k-Money Market
0.05%$25k-Business Money Market

Northrim Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
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 CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.30%$100-3 Year Jump-Up IRA (Traditional,Roth)
0.25%$100-2 Year Jump-Up IRA (Traditional,Roth)
0.20%$100-18 Month Jump-Up IRA (Traditional,Roth)
0.15%$100-1 Year Jump-Up IRA (Traditional,Roth)
Locations


Northrim Bank Locations
Eagle River Branch12812 Old Glenn HighwayEagle River, AK 99577
Huffman Branch1501 East Huffman RoadAnchorage, AK 99515
West Anchorage Branch2709 Spenard RoadAnchorage, AK 99503
Northrim Bank3111 C StreetAnchorage, AK 99503
Fairbanks Financial Center Branch360 Merhar AvenueFairbanks, AK 99701
Seventh Avenue Branch517 West Seventh AvenueAnchorage, AK 99510
University Branch811 East 36th AvenueAnchorage, AK 99503
Wasilla Branch850 East Usa CircleWasilla, AK 99687
Old Seward Highway Branch8730 Old Seward HighwayAnchorage, AK 99516
Jewel Lake Branch9710 Jewel Lake RoadAnchorage, AK 99502