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.

Employee Rating

4.6More
TypePublic
HQAnchorage, US
Founded1990
Size (employees)429 (est)-4%
Websitenorthrim.com
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, (HQ)
3111 C Street
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Northrim BanCorp Financials and Metrics

Northrim BanCorp Revenue

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 (Q3, 2018)

5.3m

EBIT (Q3, 2018)

15.8m

Market capitalization (4-Dec-2018)

244.0m

Closing stock price (4-Dec-2018)

35.5

Cash (30-Sep-2018)

37.7m
Northrim BanCorp's current market capitalization is $244 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

59.0m74.4m104.4m102.2m

Revenue growth, %

26%40%(2%)

Cost of goods sold

2.6m2.4m

Gross profit

99.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cost of goods sold

632.0k648.0k602.0k532.0k606.0k761.0k

General and administrative expense

2.0m1.9m

Operating expense total

2.0m1.9m

EBIT

13.8m14.0m13.5m13.9m13.6m13.4m13.9m12.4m14.3m15.3m15.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

33.1m36.0m31.0m34.5m25.0m

Accounts Receivable

2.7m3.4m647.0k

Inventories

770.0m980.8m975.0m955.7m

PP&E

28.3m35.6m40.2m39.3m37.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

12.4m17.9m18.3m15.0m13.5m

Inventories

Accounts Payable

Cash From Operating Activities

18.6m20.5m10.5m20.1m19.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

9.8m2.7m7.2m11.1m3.6m8.6m14.1m3.5m8.0m11.3m3.9m7.7m13.3m4.1m9.9m15.2m

Cash From Operating Activities

10.4m(6.7m)(451.0k)8.4m(7.8m)8.3m(8.4m)(17.7m)21.0m(3.9m)(4.5m)4.7m(13.5m)(2.2m)

Cash From Investing Activities

(9.4m)11.3m3.0m15.4m(27.0m)27.3m18.8m19.9m

Dividends Paid

(3.1m)(1.1m)(2.3m)(3.5m)(1.2m)(2.5m)(3.8m)(1.3m)(2.6m)(4.0m)(1.4m)(2.9m)(4.4m)(1.6m)(3.3m)(5.2m)
USDY, 2018

Financial Leverage

7.4 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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Northrim BanCorp Online and Social Media Presence

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Northrim BanCorp News and Updates

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.27 per Share

ANCHORAGE, Alaska, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.27 per share.  The dividend will be payable on December 21, 2018, to shareholders of record at the close of busine…
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Northrim BanCorp Company Life and Culture

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Northrim BanCorp Frequently Asked Questions

  • When was Northrim BanCorp founded?

    Northrim BanCorp was founded in 1990.

  • How many employees does Northrim BanCorp have?

    Northrim BanCorp has 429 employees.

  • Who are Northrim BanCorp competitors?

    Competitors of Northrim BanCorp include Old Line Bancshares, Pinnacle Financial Partners and SVB Financial Group.

  • Where is Northrim BanCorp headquarters?

    Northrim BanCorp headquarters is located at 3111 C Street , Anchorage.

  • Where are Northrim BanCorp offices?

    Northrim BanCorp has an office in Anchorage.

  • How many offices does Northrim BanCorp have?

    Northrim BanCorp has 1 office.