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Northrim Bank


Overview / Commentary
www.northrim.com
907-261-4624
3111 C Street
Anchorage, AK 99503

Northrim Bank is headquartered in Anchorage and is the 2nd largest bank in the state of Alaska. It is also the 431st largest bank in the nation. It was established in 1990 and as of June of 2022, it had grown to 459 employees at 17 locations. Northrim Bank's CD rates are 3X the national average, and it has a B+ health rating.

Reviews (2)

Northrim Bank

Posted by: |

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.

1

Terrible Bank Take Your Business Elsewhere.

Posted by: |

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.

7


Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33216
Year Established1990
Employees459
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD14.56%
Annual Interest Income$43.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.60B$2.44B
LoansQ2 2022vs Q2 2021$1.47B$1.59B
DepositsQ2 2022vs Q2 2021$2.36B$2.18B
Equity CapitalQ2 2022vs Q2 2021$187.7MM$201.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$11.5MM$14.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$7.3MM$12.0MM
Real Estate OwnedQ2 2022vs Q2 2021$5.6MM$7.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.91%*†$1m*-Performance Savings
OTHER TIERS: 0.10% → Up to $25k | 0.41% → $25k - $50k | 0.51% → $50k - $100k | 0.61% → $100k - $250k | 0.71% → $250k - $500k | 0.81% → $500k - $750k | 0.86% → $750k - $1000k
0.91%*†$1m*$30mBusiness Performance Savings
OTHER TIERS: 0.10% → Up to $25k | 0.41% → $25k - $50k | 0.51% → $50k - $100k | 0.61% → $100k - $250k | 0.71% → $250k - $500k | 0.81% → $500k - $750k | 0.86% → $750k - $1000k
0.41%†--Variable Rate IRA
0.25%*†$750k*-Classic Savings
OTHER TIERS: 0.10% → Up to $2.5k | 0.15% → $2.5k - $25k | 0.17% → $25k - $100k | 0.19% → $100k - $250k | 0.21% → $250k - $500k | 0.23% → $500k - $750k
0.25%*†$750k*-Business Savings
OTHER TIERS: 0.10% → Up to $2.5k | 0.15% → $2.5k - $25k | 0.17% → $25k - $100k | 0.19% → $100k - $250k | 0.21% → $250k - $500k | 0.23% → $500k - $750k
0.23%†--Education Savings
0.23%†--Kid's Club
0.07%*†$100k*-HSA Checking
OTHER TIERS: 0.04% → Up to $5k | 0.05% → $5k - $50k | 0.06% → $50k - $100k

Northrim Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%*†$100k*-Money Market
OTHER TIERS: 0.07% → Up to $5k | 0.08% → $5k - $25k | 0.09% → $25k - $50k | 0.10% → $50k - $100k
0.11%*†$100k*-Business Money Market
OTHER TIERS: 0.07% → Up to $5k | 0.08% → $5k - $25k | 0.09% → $25k - $50k | 0.10% → $50k - $100k

Northrim Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.09%*†$100k*-Flex Checking – President’s Club
OTHER TIERS: 0.05% → Up to $2.5k | 0.06% → $2.5k - $25k | 0.07% → $25k - $50k | 0.08% → $50k - $100k
0.08%*†$100k*-Flex Checking – Power
OTHER TIERS: 0.04% → Up to $2.5k | 0.05% → $2.5k - $5k | 0.06% → $5k - $50k | 0.07% → $50k - $100k
0.07%*†$50k*-Business Interest Checking
OTHER TIERS: 0.05% → Up to $5k | 0.06% → $5k - $50k
0.06%*†$25k*-Flex Checking – Direct
OTHER TIERS: 0.04% → Up to $2.5k | 0.05% → $2.5k - $25k
0.06%*†$25k*-50 Plus checking
OTHER TIERS: 0.04% → Up to $2.5k | 0.05% → $2.5k - $25k
0.06%*†$25k*-Loyalty Club
OTHER TIERS: 0.04% → Up to $2.5k | 0.05% → $2.5k - $25k

Northrim Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%†$2.5k-23 Month Jump-Up CD
3.70%†$2.5k-11 Month Jump-Up CD
3.50%*†$500k*$5m6 Month CD
OTHER TIERS: 2.00% → $500 - $25k | 2.50% → $25k - $100k | 3.00% → $100k - $500k
2.30%†$500-18 Month Jump-Up CD
2.30%†$500-2 Year Jump-Up CD
2.30%†$500-3 Year Jump-Up CD
2.25%*†$1m*$5m1 Year CD
OTHER TIERS: 1.25% → $500 - $100k | 2.00% → $100k - $1m
2.20%†$500-1 Year Jump-Up CD
2.00%*†$100k*$5m2 Year CD
OTHER TIERS: 1.65% → $500 - $100k
2.00%*†$100k*$5m4 Year CD
OTHER TIERS: 1.80% → $500 - $100k
2.00%†$500$5m5 Year CD
1.94%*†$1m*-Alaska CD Bonus Rate
OTHER TIERS: 0.15% → Up to $25k | 0.90% → $25k - $50k | 1.15% → $50k - $100k | 1.45% → $100k - $250k | 1.65% → $250k - $500k | 1.75% → $500k - $750k | 1.85% → $750k - $1m
1.90%*†$100k*$5m3 Year CD
OTHER TIERS: 1.70% → $500 - $100k
1.44%*†$1m*-Alaska CD
OTHER TIERS: 0.10% → Up to $25k | 0.50% → $25k - $50k | 0.75% → $50k - $100k | 1.05% → $100k - $250k | 1.15% → $250k - $500k | 1.25% → $500k - $750k | 1.35% → $750k - $1m
0.35%†$500$5m30 Day CD
0.35%†$500$5m90 Day CD

Northrim Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*†$500k*$5m6 Month IRA
OTHER TIERS: 2.00% → $500 - $25k | 2.50% → $25k - $100k | 3.00% → $100k - $500k
2.30%†$100-18 Month Jump-Up IRA
2.30%†$100-2 Year Jump-Up IRA
2.30%†$100-3 Year Jump-Up IRA
2.25%*†$1m*$5m1 Year IRA
OTHER TIERS: 1.25% → $500 - $100k | 2.00% → $100k - $1m
2.20%†$100-1 Year Jump-Up IRA
2.00%*†$100k*$5m2 Year IRA
OTHER TIERS: 1.65% → $500 - $100k
2.00%*†$100k*$5m4 Year IRA
OTHER TIERS: 1.80% → $500 - $100k
2.00%†$500$5m5 Year IRA
1.90%*†$100k*$5m3 Year IRA
OTHER TIERS: 1.70% → $500 - $100k
0.35%†$500$5m30 Day IRA
0.35%†$500$5m90 Day IRA
Locations

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