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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.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northrim Bank had $4.44 million in non-current loans and owned real-estate with $162.38 million in equity and loan loss allowances on hand to cover it. This gives Northrim Bank a Texas Ratio of 2.74% 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 dramatically from 5.67% as of March 31, 2013 to 2.74% as of March 31, 2014, resulting in a positive change of 51.79%.This indicates that the balance sheet and financial strength for Northrim Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Northrim Bank has increased its total deposits by $37.2 million, resulting in 3.86% 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.



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 $1.19 billion in assets with $162.38 million in equity, resulting in a capitalization level of 13.65%, which is excellent.

Institution Statistics

FDIC Certificate #33216
Year Established1990
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.19 billion
Loans$771.26 million
Deposits$1.00 billion
Equity Capital$146.11 million
Loan Loss Allowance$16.27 million
Unbacked Noncurrent Loans$999,000
Real Estate Owned$3.44 million
Historic Data - March 2013
Assets$1.14 billion
Equity Capital$140.16 million
Loan Loss Allowance$17.05 million
Unbacked Noncurrent Loans$999,000
Real Estate Owned$4.52 million
Profit Margin - Quarterly
Net Interest Margin4.34%
Return on Assets1.09%
Return on Equity8.98%
Interest Income$12.13 million

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Northrim Bank Savings Account Rates

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

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

Northrim Bank Checking Account Rates

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

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
0.35%$500-3 Year Jump-Up CD
0.30%$100k$5m2 Year CD
0.30%$150k$5mAlaska CD
0.30%$500-2 Year Jump-Up CD
0.25%$100k$5m1 Year CD
0.25%$500-18 Month Jump-Up CD
0.20%$500-1 Year Jump-Up CD
0.15%$100k$5m30 Day CD
0.15%$100k$5m90 Day CD
0.15%$100k$5m6 Month CD

Northrim Bank IRA Rates

0.35%$100-3 Year Jump-Up IRA
0.30%$100-2 Year Jump-Up IRA
0.25%$100-18 Month Jump-Up IRA
0.20%$100-1 Year Jump-Up IRA

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