Northrim Bank
Anchorage, Alaska, Anchorage County
$3.4B in total assets, the 389th largest of 4,309 US banks and 2nd of 5 headquartered in Alaska.
- FDIC certificate
- 33216
- Established
- 1990
- Owned by
- Northrim Bcorp Inc
- Primary regulator
- FDIC
- Website
- https://www.northrim.com
At a glance
Compared with 901 US banks with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.4B | 75% | $2.0B | |
| Loans | $2.6B | 77% | $1.4B | |
| Deposits | $2.9B | 76% | $1.7B | |
| Return on assets | 1.93% | 86% | 1.23% | |
| Net interest margin | 5.59% | 97% | 3.71% | |
| Efficiency ratio | 57.2% | 43% | 59.1% | |
| Equity to assets | 11.35% | 66% | 10.38% | |
| Loans to deposits | 88% | 51% | 88% |
Growth
Total assets grew 6.8% a year over the last 5 years and 8.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2014 | Alaska Pacific Bank Juneau, AK | $167M |
| Oct 2007 | Alaska First Bank & Trust, National Association Anchorage, AK | $56M |
Where they operate
21 branches in 9 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Anchorage County, AK | $1.8B | 20.7% | 2 of 4 |
| Fairbanks North Star County, AK | $335M | 16.3% | 4 of 6 |
| Juneau County, AK | $216M | 24.5% | 2 of 5 |
| Matanuska-susitna County, AK | $199M | 21.0% | 3 of 4 |
| Kenai Peninsula County, AK | $166M | 13.4% | 3 of 4 |
| Ketchikan Gateway County, AK | $62M | 11.0% | 3 of 4 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 7 branches since 2016 (14 to 21, +50.0%). 8 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 14 | |||
| 2018 | Opened Anchorage | 1 | 0 | +1 | 15 |
| 2019 | Opened Soldotna | 1 | 0 | +1 | 16 |
| 2021 | Opened Fairbanks | 1 | 0 | +1 | 17 |
| 2022 | Opened Nome | 1 | 0 | +1 | 18 |
| 2023 | Opened Kodiak and NomeClosed Nome | 2 | 1 | +1 | 19 |
| 2024 | Opened Homer | 1 | 0 | +1 | 20 |
| 2026 through Q2 | Opened Palmer | 1 | 0 | +1 | 21 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 32% | |
| Business (C&I) | 23% | 14% | |
| 1-4 family residential | 16% | 25% | |
| Construction and land | 8% | 8% | |
| Multifamily | 7% | 8% | |
| Agricultural | 2% | 2% | |
| Consumer | 0% | 4% | |
| Farmland | 0% | 3% | |
| Other | 3% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 59% | 52% | |
| Noninterest-bearing | 28% | 21% | |
| Time deposits | 13% | 27% |
Brokered deposits are 1.9% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.84% | 0.51% |
| Net charge-offs, annualized | 0.02% | 0.04% |
| Reserves to loans | 1.01% | 1.15% |
| Leverage ratio | 10.26% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Alaska
Largest competitors in Anchorage County, AK
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/northrim