Northrim Bank opened for business in a trailer in the parking lot at 3111 C Street with 21 employees in 1990 in Anchorage, Alaska.  Northrim Bank has been FDIC insured since December 4, 1990.  Northrim Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank operates as a subsidiary of Northrim Bancorp, Inc.  As of December 31, 2008 the bank had total assets of $1,002,744,000 and total deposits of $848,414,000.  For all of 2008, the bank had net income of $7,813,000.

Northrim Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.76% 
Cost of funding earning assets 1.46% 
Net interest margin 5.30%
Return on assets (ROA) 0.77%
Return on equity (ROE) 6.93%
Noncurrent loans to loans 3.66%
Equity capital to assets 11.43% 
Core capital (leverage) ratio 10.77% 
Tier 1 risk-based capital ratio 11.79% 
Total risk-based capital ratio 13.03%

Northrim Bank products and services:

Northrim Bank provides personal and business banking products and services to various businesses, professionals, and individuals in Alaska.  Its deposit products include checking accounts, savings and investments accounts, certificates of deposits, and individual retirement accounts.  The bank’s loan products include aircraft, auto and light truck, motor cycle, pleasure boat, and recreational vehicle loans, as well as home loans.

Northrim Bank branch locations:

811 E. 36th Avenue
Anchorage, AK 99503
Phone: 261-6241 Fax: 561-4541

1501 E. Huffman Road (inside Carrs)
Anchorage, AK 99515
Phone: 348-5334 Fax: 348-5336

9170 Jewel Lake Road
Anchorage, AK 99502
Branch: 266-7448 Fax: 266-7454

3111 C Street
Anchorage, AK 99503
Phone: 562-0062 Fax:261-8784

517 W 7th Ave
Anchorage, AK 99501
Phone: 263-3226 Fax: 263-3271

8730 Old Seward Highway
Anchorage, AK 99515
Phone: 522-8886 Fax: 522-8874

2709 Spenard Road
Anchorage, AK 99503
Phone: 263-3389 Fax: 263-3490

12812 Old Glenn Highway
Eagle River, AK 99577
Phone: 694-8998 Fax: 694-9032

850 E. USA Circle
Wasilla, AK 99654
Phone: 376-0330 Fax: 376-0335

360 Merhar Avenue
Fairbanks, AK 99701
Phone: 455-1150 Fax: 455-1168

714 Fourth Avenue
Fairbanks, AK 99701
Phone: 452-1260 Fax: 451-0743

Northrim Bank web address: www.northrim.com.

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