Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits. The company also provides family residential mortgages; commercial loans, such as secured and unsecured loans for working capital and expansion; commercial real estate loans; construction loans for commercial real estate projects, and land development and residential subdivision construction loans; and consumer loans comprising loans for automobiles, recreational vehicles, boats, and other consumer purchases, as well as home equity and commercial credit lines, and factoring services. In addition, it offers other services comprising consumer online banking, mobile app and mobile deposit, mobile Web and text banking, business online banking, personal finance, online documents, consumer and business debit cards, personalized checks at account opening, telebanking, automated teller, overdraft protection from a savings account, commercial drive-up banking, automatic transfers and payments, wire transfers, direct payroll deposit, electronic tax payments, automated clearing house origination and receipt, remote deposit capture, merchant, and cash management services, as well as annuity products, and long term investment portfolios. As of January 29, 2018, the company operated 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:NRIM
Previous Symbol
CUSIP66676210
Phone907-562-0062
Debt
Debt-to-Equity Ratio0.09
Current Ratio0.87
Quick Ratio0.83
Price-To-Earnings
Trailing P/E Ratio16.35
Forward P/E Ratio11.31
P/E GrowthN/A
Sales & Book Value
Annual Sales$100.58 million
Price / Sales2.28
Cash Flow$2.6561 per share
Price / Cash Flow12.56
Book Value$28.06 per share
Price / Book1.19
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$13.15 million
Net Margins16.25%
Return on Equity9.28%
Return on Assets1.22%
Miscellaneous
Employees429
Outstanding Shares6,880,000
Market Cap$229.32 million
OptionableNot Optionable
