Northrim Bank
Northrim Bank reported total assets of $3.4 bn at Q2 2026, up 5.1% on a year earlier, the 372nd largest of 497 banks in our US coverage. The CET1 capital ratio at Northrim Bank was 12.38%, and the uninsured share of Northrim Bank was 38.94%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Northrim Bank climbed from 484th to 293rd among 448 US banks between and (1 = highest; FDIC Call Reports).
- Northrim Bank has one of the highest net interest margin readings among banks of $1 bn to $10 bn: 5.59% at , against a median of 3.66% across 339 banks (FDIC Call Reports).
What sets Northrim Bank apart
How large is Northrim Bank?
The balance sheet of Northrim Bank at : assets $3.4 bn, deposits $2.9 bn, net loans $2.6 bn (loans equal to 87.59% of deposits). Securities make up 13.1% of total assets at Northrim Bank. Since , when Northrim Bank held $1.5 bn, its assets grew 127.7%. In the year to , deposits at Northrim Bank rose 4.2% while its total assets rose 5.1%. At , Northrim Bank employed 532 full-time equivalent staff across 21 offices, about $6.4 mn of assets per employee and $139.6 mn of deposits per office.
How much funding at Northrim Bank is uninsured?
At Northrim Bank, uninsured deposits (above the FDIC limit) made up 38.94% of domestic deposits at (+2.85 pp on a year earlier); Northrim Bank ranks 204th of 500 on this measure. In dollars, Northrim Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.9 bn | +4.2% | 365th of 499 |
| Net loans and leases | $2.6 bn | +6.3% | 356th of 500 |
| Loan-to-deposit ratio | 87.59% | +1.70 pp | 243rd of 500 |
| Tier 1 leverage ratio | 10.26% | +2.66 pp | 259th of 500 |
| Total risk-based capital ratio | 13.39% | +3.14 pp | 314th of 448 |
| Net interest margin | 5.59% | +0.26 pp | 27th of 500 |
| Return on assets (ROA) | 1.98% | +0.27 pp | 53rd of 500 |
| Efficiency ratio | 57.16% | -4.88 pp | 269th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $981,000 | Widened by $270,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.8 mn | Narrowed by $3.2 mn | |
| Noncurrent loans to total loans | 0.89% | +0.40 pp | 334th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.02% | -0.01 pp | 144th of 500 (1 = lowest) |
US rank of Northrim Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Northrim Bank: assets, deposits and loans
- Total assets $3.4bn
- Deposits $2.9bn
- Net loans $2.6bn
Capital and securities
The CET1 ratio of Northrim Bank stood at 12.38% in , +3.05 pp year on year. Low and high at Northrim Bank since : 9.20% () to 13.61% (). Equity capital of Northrim Bank at : $385.5 mn, or 11.4% of total assets. Northrim Bank also reported a total capital ratio of 13.39% for , and a tier 1 leverage ratio of 10.26%.
On held-to-maturity securities, Northrim Bank carried an unrealized loss of $981,000 at , equal to 0.3% of equity capital. The loss widened by $270,000 over the year. Its deepest point: $5.1 mn in . The available-for-sale portfolio of Northrim Bank showed an unrealized loss of $1.8 mn at ; the loss narrowed by $3.2 mn over the year.
Northrim Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Northrim Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity -$981,000
Profitability and loan quality
For the year to , Northrim Bank earned a return on equity of 17.64%; return on assets: 1.98%. Net interest margin at Northrim Bank: 5.59%, +0.26 pp in a year. Northrim Bank net income: $33.0 mn, up 23.5% year on year. The efficiency ratio of Northrim Bank was 57.16%: about 57 cents cost per revenue dollar, against 51 cents at the median peer.
At , noncurrent loans were 0.89% of total loans at Northrim Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at Northrim Bank: $2.6 bn, up 6.2% in a year.
Northrim Bank: profitability
- Return on equity 18%
- Net interest margin 5.6%
- Return on assets 2.0%
Peer group of Northrim Bank
The peer group of Northrim Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 5 share the charter type of Northrim Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Alaska. Against them, Northrim Bank shows CET1 ratio 12.38% against a peer median of 12.88%, return on equity 17.64% against a peer median of 13.50% and uninsured deposit share 38.94% against a peer median of 32.87%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| PCB Bank | State nonmember bank | CA | $3.5 bn | 13.35% | 11.25% | 47.93% | |
| Bankwell Bank | State nonmember bank | CT | $3.5 bn | 11.67% | 15.51% | 39.67% | |
| First Carolina Bank | State nonmember bank | NC | $3.4 bn | 12.88% | 6.19% | 17.72% | |
| Northrim Bank | State nonmember bank | AK | $3.4 bn | 12.38% | 17.64% | 38.94% | |
| First Dakota National Bank | National bank | SD | $3.4 bn | not reported | 17.36% | 32.75% | |
| Northern Bank & Trust Company | State nonmember bank | MA | $3.4 bn | 15.30% | 13.22% | 33.00% | |
| Banterra Bank | State nonmember bank | IL | $3.4 bn | 9.85% | 13.79% | 19.06% | |
. FDIC Call Reports.
Last eight quarters
Two years at Northrim Bank, to : assets +15.2%, deposits +10.9%, equity +62.7%. Staff 483 to 532; offices 20 to 21.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $3.0 bn | $3.1 bn | $3.2 bn | $3.3 bn | $3.3 bn | $3.3 bn | $3.4 bn |
| Total deposits | $2.6 bn | $2.7 bn | $2.8 bn | $2.8 bn | $2.9 bn | $2.8 bn | $2.9 bn | $2.9 bn |
| Bank equity capital | $237.0 mn | $261.2 mn | $274.6 mn | $285.8 mn | $301.2 mn | $362.2 mn | $373.4 mn | $385.5 mn |
| CET1 ratio | 10.16% | 9.20% | 9.23% | 9.33% | 9.86% | 11.85% | 12.09% | 12.38% |
| Return on equity (ROE) | 16.44% | 16.30% | 20.96% | 19.49% | 20.74% | 19.37% | 17.15% | 17.64% |
| Uninsured share of domestic deposits | 42.29% | 40.37% | 37.45% | 36.09% | 40.86% | 37.94% | 39.67% | 38.94% |
| Full-time equivalent employees | 483 | 503 | 504 | 516 | 514 | 516 | 527 | 532 |
| Number of offices | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 21 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Northrim Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Northrim Bank?
Northrim Bank reported $3.4 bn at in its Call Report. That makes Northrim Bank the 372nd largest of 497 banks in our US coverage.
Is Northrim Bank the same as its holding company?
No. This page covers Northrim Bank, FDIC certificate 33216; NORTHRIM BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Northrim Bank profitable?
Northrim Bank reported net income of $33.0 mn for the year to ; annualized return on equity: 17.64%. So yes: Northrim Bank made a profit over these months.
When is data for Northrim Bank next updated?
Figures from Northrim Bank for are due after .
Where can I check the figures for Northrim Bank?
In the FDIC BankFind Suite record for certificate 33216, and in the Call Reports of Northrim Bank (RSSD ID 1718188) at the FFIEC Central Data Repository.