Northrim Bank

Overview / Commentary

www.northrim.com

907-562-0062

3111 C Street
Anchorage, AK 99503

Northrim Bank is headquartered in Anchorage and is the 2^nd largest bank in the state of Alaska. It is also the 554^th largest bank in the nation. It was established in 1990 and as of December of 2018, it had grown to 430 employees at 15 locations. Northrim Bank's CD rates are 28% higher than the national average, and it has a B+ health rating.

Reviews (2)

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Northrim Bank

Posted by: BrizzleBrip | Sep 24, 2015

I have been with Northrim Bank for over 6+ years, it was quick and easy to setup an account with them and the free gift was a nice stool that has been used since then. I had no difficulties or hold ups with them. Their website is extremely easy to use and check my accounts with. Their mobile application for android is also very nice, the interface works, and I've had no problems submitting my checks to them through the mobile app, the money entered the account within the next 1 - 2 business days. I also attempted to get a loan for a car, and they were quick and responsive with me, I ended up not going for the loan (not because of them though). No issues there. All and all I have had nothing but acceptable experiences with them.

Comment

Terrible Bank Take Your Business Elsewhere.

Posted by: endknight | Feb 5, 2013

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

B+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	33216
Year Established	1990
Employees	430
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.4%
Return on Equity - YTD	11.54%
Annual Interest Income	$67.1MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$1.49B$1.51B
Loans	Q4 2018vs Q4 2017	$1.01B$1.00B
Deposits	Q4 2018vs Q4 2017	$1.25B$1.27B
Equity Capital	Q4 2018vs Q4 2017	$181.6MM$177.7MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$19.7MM$21.7MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$14.7MM$21.4MM
Real Estate Owned	Q4 2018vs Q4 2017	$8.0MM$8.7MM

Rates

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Savings
Money Market
Checking
CD
IRA

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

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Northrim Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*^†	$500k^*	-	Performance Savings
OTHER TIERS: 0.25% → Up to $25k \| 0.37% → $25k - $75k \| 0.43% → $75k - $150k \| 0.50% → $150k - $500k
0.55%^*^†	$500k^*	-	Business Performance Savings
OTHER TIERS: 0.25% → Up to $25k \| 0.37% → $25k - $75k \| 0.43% → $75k - $150k \| 0.50% → $150k - $500k
0.37%^†	-	-	Variable Rate IRA
0.14%^*^†	$25k^*	-	Classic Savings
OTHER TIERS: 0.07% → Up to $2.5k \| 0.10% → $2.5k - $25k
0.14%^*^†	$25k^*	-	Business Savings
OTHER TIERS: 0.07% → Up to $2.5k \| 0.10% → $2.5k - $25k
0.14%^*^†	$7.5k^*	-	HSA Checking
OTHER TIERS: 0.06% → $100 - $2k \| 0.10% → $2k - $7.5k
0.13%^*^†	$7.5k^*	-	Education Savings
OTHER TIERS: 0.06% → $100 - $2k \| 0.09% → $2k - $7.5k
0.10%^†	-	-	Kid's Club

Northrim Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*^†	$25k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $500 \| 0.15% → $500 - $25k
0.20%^*^†	$25k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $500 \| 0.15% → $500 - $25k

Northrim Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*^†	$6k^*	-	Flex Checking – President’s Club
OTHER TIERS: 0.04% → Up to $500 \| 0.08% → $500 - $6k
0.06%^*^†	$2.5k^*	-	Flex Checking – Power
OTHER TIERS: 0.05% → Up to $2.5k
0.06%^*^†	$500^*	-	Business Interest Checking
OTHER TIERS: 0.04% → Up to $500
0.05%^†	-	-	Flex Checking – Direct
0.05%^†	-	-	50 Plus checking
0.05%^†	-	-	Loyalty Club

Northrim Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.70%	-	-	23 Month Jump-Up CD
1.70%	-	-	11 Month Jump-Up CD
1.55%^*^†	$1m^*	$5m	5 Year CD
OTHER TIERS: 1.40% → $500 - $25k \| 1.45% → $25k - $500k \| 1.50% → $500k - $1m
1.50%^†	-	-	18 Month Jump-Up CD
1.35%^*^†	$100k^*	$5m	4 Year CD
OTHER TIERS: 1.25% → $500 - $25k \| 1.30% → $25k - $100k
1.34%^*^†	$1m^*	$5m	3 Year CD
OTHER TIERS: 1.20% → $500 - $25k \| 1.25% → $25k - $100k \| 1.29% → $100k - $1m
1.25%^†	-	-	3 Year Jump-Up CD
1.20%^*^†	$100k^*	$5m	2 Year CD
OTHER TIERS: 1.00% → $500 - $25k \| 1.15% → $25k - $100k
1.15%^*^†	$1m^*	$5m	1 Year CD
OTHER TIERS: 0.95% → $500 - $25k \| 1.00% → $25k - $100k \| 1.05% → $100k - $500k \| 1.10% → $500k - $1m
1.15%^†	-	-	2 Year Jump-Up CD
1.10%^*	$150k^*	$5m	Alaska CD Bonus Rate
OTHER TIERS: 0.06% → Up to $5k \| 1.03% → $5k - $25k \| 1.05% → $25k - $75k \| 1.07% → $75k - $150k
1.00%^†	-	-	1 Year Jump-Up CD
0.95%^*	$150k^*	$5m	Alaska CD
OTHER TIERS: 0.05% → Up to $5k \| 0.85% → $5k - $25k \| 0.90% → $25k - $75k \| 0.92% → $75k - $150k
0.31%^†	$500	$5m	6 Month CD
0.21%^†	$500	$5m	90 Day CD
0.16%^†	$500	$5m	30 Day CD

Northrim Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%^†	$100	-	18 Month Jump-Up IRA
1.25%^†	$100	-	3 Year Jump-Up IRA
1.15%^†	$100	-	2 Year Jump-Up IRA
1.00%^†	$100	-	1 Year Jump-Up IRA

Locations

Availability

Anchorage Area

Anchorage Area bank & credit union details

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