Northrim BanCorp operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It offers various deposit products, different types of lending and mortgages. In addition, the Company provides other services comprising consumer online banking, mobile app and mobile deposit, consumer and business debit cards, cash back rewards, telebanking, automated teller, automatic transfers and payments, automated clearing house origination and receipt, and courier agency services, as well as insurance brokerage services, annuity products, and long term investment portfolios.

Type
Public
HQ
Anchorage, US
Founded
1990
Size (employees)
451 (est)
Northrim BanCorp was founded in 1990 and is headquartered in Anchorage, US
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Northrim BanCorp Office Locations

Northrim BanCorp has an office in Anchorage
Anchorage, US (HQ)
3111 C Street
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Northrim BanCorp Financials and Metrics

Northrim BanCorp Financials

Northrim BanCorp's revenue was reported to be $102.18 m in FY, 2016 which is a 2.1% decrease from the previous period.
USD

Net income (FY, 2017)

13.5 m

EBIT (FY, 2017)

54.5 m

Market capitalization (20-Apr-2018)

248.8 m

Cash (31-Dec-2017)

25 m
Northrim BanCorp's current market capitalization is $248.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

59 m74.4 m104.4 m102.2 m

Revenue growth, %

26%40%(2%)

Cost of goods sold

2.6 m2.4 m

Gross profit

99.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cost of goods sold

632 k648 k

General and administrative expense

2 m1.9 m

Operating expense total

2 m1.9 m

EBIT

13.8 m14 m13.5 m13.9 m13.6 m13.4 m13.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

33.1 m36 m31 m34.5 m25 m

Accounts Receivable

2.7 m3.4 m647 k

Inventories

975 m955.7 m

PP&E

28.3 m35.6 m40.2 m39.3 m37.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

34.7 m33.1 m36.3 m44.3 m33 m44 m42.3 m23.4 m30.1 m38 m36.7 m25.2 m

Inventories

754.4 m763.1 m926.8 m936.7 m960.6 m974.8 m973.7 m970.5 m967.3 m997.1 m960.8 m991.2 m

PP&E

28.2 m27.8 m32.4 m34.7 m36.4 m37.9 m39.4 m40.3 m38.7 m39.1 m39.7 m40 m

Goodwill

7.9 m8.4 m8.3 m22.3 m22.3 m22.3 m22.3 m22.3 m15 m15 m15 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

12.4 m17.9 m18.3 m15 m13.5 m

Inventories

Accounts Payable

Cash From Operating Activities

18.6 m20.5 m10.5 m20.1 m19.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

9.8 m2.7 m7.2 m11.1 m3.6 m8.6 m14.1 m3.5 m8 m11.3 m3.9 m7.7 m

Cash From Operating Activities

10.4 m(6.7 m)(451 k)8.4 m(7.8 m)8.3 m(8.4 m)(17.7 m)21 m(3.9 m)

Cash From Investing Activities

(9.4 m)11.3 m3 m15.4 m(27 m)27.3 m18.8 m

Dividends Paid

(3.1 m)(1.1 m)(2.3 m)(3.5 m)(1.2 m)(2.5 m)(3.8 m)(1.3 m)(2.6 m)(4 m)(1.4 m)(2.9 m)
USDY, 2017

Financial Leverage

7.9 x
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Northrim BanCorp Operating Metrics

Northrim BanCorp's Total Loans was reported to be $991.2m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

14 14 14

Non-performing Loans

$4.67 m$3.69 m$13.89 m$13.51 m$22.90 m

Total Loans

$924.50 m$960.56 m$974.85 m$973.68 m$980.79 m$970.52 m$967.35 m$997.08 m$975.02 m$960.83 m$991.21 m
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