Northrim Bank in Anchorage, Alaska (AK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Northrim Bank in Anchorage, Alaska (AK)
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Northrim Bank - Overview

  • General
  • FDIC Certificate #: 33216
    Status: Active
    Federal Reserve ID: 1718188
    Bank Holding Company (Regulatory Top Holder): Northrim Bancorp, Inc. (RSSDID: 3025385, Location: Anchorage, AK)
    Date Established: December 04, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 9189
    FDIC's unique #: 46457
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 04, 1990
    Last Structure Change Effective Date: Febuary 15, 2012
    Last Structure Change Process Date: Febuary 15, 2012
    Last Data Update: Febuary 15, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 3111 C Street, Anchorage, AK 99503
    County: Anchorage
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Anchorage, AK (#380)
    Core Based Statistical Area (CBSA): Anchorage, AK (#11260)
    CBSA Metro Statistical Area: Anchorage, AK (#11260)
  • Financial Summary
  • Total assets: $1,079.2 mil
    Equity capital: $130.8 mil
    Deposits held in domestic offices: $918.5 mil
    Return on assets (ROA): 1.17% ($12.6 mil)
    Quarterly return on assets: 1.31% ($14.1 mil)
    Return on Equity (ROE): 9.66% ($12.7 mil)
    Quarterly return on equity: 10.77% ($14.1 mil)
    Net income: $12.4 mil
    Quarterly Net income: $3.5 mil
    Pretax return on assets: 1.72% ($18,562.5 mil)
    Quarterly Pretax return on assets: 1.94% ($20,936.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 268Total employees (full-time equivalent)
  • $1,079,217Total assets
  • $91,525Cash and due from depository institutions
  • $60,881Interest-bearing balances
  • $224,903Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $687,090Net loans & leases
  • $16,503Loan loss allowance
  • $0Trading account assets
  • $27,993Bank premises and fixed assets
  • $5,183Other real estate owned
  • $8,421Goodwill and other intangibles
  • $1,079,217Life insurance assets
  • $34,102All other assets
  • $948,327Total liabilities and capital
  • $918,548Total liabilities
  • $592,769Total deposits
  • $918,548Interest-bearing deposits
  • $63Deposits held in domestic offices
  • 16348.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,626Trading liabilities
  • $0Other borrowed funds
  • $8,805Subordinated debt
  • $130,890All other liabilities
  • $130,838Total equity capital
  • $130,838Total bank equity capital
  • $0Perpetual preferred stock
  • $6,107Common stock
  • $53,436Surplus
  • $71,295Undivided profits
  • Memoranda
  • $52Noncurrent loans and leases
  • $27,822Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,360Income earned, not collected on loans
  • $0Earning assets
  • $2,887Long-term assets (5+ years)
  • $972,874Average Assets, year-to-date
  • $295,952Average Assets, quarterly
  • $1,065,099Volatile liabilities
  • $1,069,866Insider loans
  • $894,064FHLB advances
  • $1,059,261Loans and leases held for sale
  • $3,006Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $124,152Tier 2 risk-based capital
  • $3,006Total risk weighted assets
  • $0Total unused commitments
  • $173,834Restructured Loans and leases
  • $600Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,703Total interest income
  • $3,104Total interest expense
  • $45,599Net interest income
  • $1,999Provision for loan and lease losses
  • $9,970Total noninterest income
  • $0Fiduciary activities
  • $2,296Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,674Additional noninterest income
  • $35,258Total noninterest expense
  • $20,076Salaries and employee benefits
  • $2,988Premises and equipment expense
  • $12,194Additional noninterest expense
  • $18,312Pre-tax net operating income
  • $419Securities gains (losses)
  • $5,860Applicable income taxes
  • $12,871Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,442Net income attributable to bank
  • $429Net charge-offs
  • $12,871Cash dividends
  • -$98Sale, conversion, retirement of capital stock, net
  • $7,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 4.76%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 9.66%Return on equity (ROE)
  • 4.23%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -2039.80%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,954Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.26%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 224.23%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 74.80%Net loans and leases to core deposits
  • 77.38%Equity capital to assets
  • 12.12%Core capital (leverage) ratio
  • 11.72%Tier 1 risk-based capital ratio
  • 13.89%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,065,099Average earning assets
  • $128,776Average equity
  • $957,107Average loans

List of branches

  • 10 Alaska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046457Northrim Bank3111 C Street, Anchorage, AK 99503December 04, 1990Full Service Brick and Mortar
    1289385Old Seward Highway Branch8730 Old Seward Highway, Anchorage, AK 99516March 19, 1997Full Service Brick and Mortar
    313892Seventh Avenue Branch517 West Seventh Avenue, Anchorage, AK 99510July 01, 1970Full Service Brick and Mortar
    4250494University Branch811 East 36th Avenue, Anchorage, AK 99503September 22, 1972Full Service Brick and Mortar
    6250498Wasilla Branch850 East Usa Circle, Wasilla, AK 99687Febuary 14, 1994Full Service Brick and Mortar
    7250501Eagle River Branch12812 Old Glenn Highway, Eagle River, AK 99577September 01, 1994Full Service Brick and Mortar
    8250503West Anchorage Branch2709 Spenard Road, Anchorage, AK 99503January 16, 1995Full Service Brick and Mortar
    9250504Jewel Lake Branch9710 Jewel Lake Road, Anchorage, AK 99502January 16, 1995Full Service Brick and Mortar
    10358083Huffman Branch1501 East Huffman Road, Anchorage, AK 99515June 11, 1999Full Service Retail
    13480434Fairbanks Financial Center Branch360 Merhar Avenue, Fairbanks, AK 99701April 07, 2008Full Service Brick and Mortar

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