Northrim Bank

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.


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

Checking Accounts

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0.15%$6k-President's Club Account
0.15%$2,500-High Performance Checking
0.10%--50+ Free Interest Checking
0.10%--Free Premium Interest Checking
0.10%--Business Interest Checking

Savings Accounts

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0.60%$75k-Health Savings Account
0.60%$75k-Education Savings Account
0.55%$500k-Performance Indexed Account
0.30%$25k-Business Savings
0.30%$25k-Classic Savings
0.20%--Kid's Club

Money Market Accounts

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0.25%$25k-Money Market

Certificates of Deposit

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1.50%--4 Year CD
1.50%--5 Year CD
1.25%--3 year Jump-Up CD
1.25%--3 Year CD
1.00%--2 Year Jump-Up CD
1.00%--2 Year CD
0.80%$150k-Bonus Rate Alaska CDs
0.70%--18 Months Jump-Up CD
0.65%--1 Year Jump-Up CD
0.65%--1 Year CD
0.55%$150k-Alaska CDs
0.20%--6 Month CD
0.15%--90 Day CD
0.10%--30 Day CD

IRA Accounts

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1.25%--3 year Jump-Up IRA
1.00%--2 Year Jump-Up IRA
0.70%--18 Months Jump-Up IRA
0.65%--1 Year Jump-Up IRA
0.39%--Variable-Rate IRA Traditional and Roth

Institution Statistics


FDIC Certificate #33216
BankRate ReportView
Year Established1990
Employees286
Primary RegulatorFDIC

Assets and Liabilities

Assets$984.36 million
Loans$639.83 million
Deposits$840.13 million
Equity Capital$121.72 million
Loan Loss Allowance$14.05 million
Unbacked Noncurrent Loans$15.57 million
Real Estate Owned$16.07 million

Historic Data - March 2009

Assets$988.93 million
Equity Capital$116.23 million
Loan Loss Allowance$14.05 million
Unbacked Noncurrent Loans$20.42 million
Real Estate Owned$13.74 million

Profit Margin - Quarterly

Net Interest Margin5.39%
Return on Assets0.89%
Return on Equity7.27%
Interest Income$13.13 million

Institution Health


Overall Score:
4 out of 5
4
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 March 31, 2010 Northrim Bank had $31.63 million in non-current loans and owned real-estate with $135.76 million in equity and loan loss allowances on hand to cover it. This gives Northrim Bank a Texas Ratio of 23.30% which is above average. 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 26.22% as of March 31, 2009 to 23.30% as of March 31, 2010, resulting in a positive change of 11.14%.This indicates that the balance sheet and financial strength for Northrim Bank has improved slightly in recent periods.
Deposit Growth3
In the past year, Northrim Bank has decreased it's total deposits by -$6.23 million, resulting in -0.74% 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 average.
Capitalization3
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 $984.36 million in assets with $135.76 million in equity, resulting in a capitalization level of 13.79%, which is average.
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