Northrim Bancorp, Inc.

Northrim Bancorp, Inc.

Northrim Bancorp, Inc.

Overview
Date Founded

2001

Headquarters

3111 C Street, Anchorage, AK, 99503, USA

Type of Company

Public

Employees (Worldwide)

438

Industries

Retail & Commercial Banking
Holding Companies
Consumer Finance

Company Description

Northrim Bancorp, Inc. operates as a bank holding company. The firm provides personal, business and commercial banking products and services. It operates through the following segments: Community Banking and Home Mortgage Lending. The Community Banking segment offers loan and deposit products to business and consumer customers in the company's market areas. The Home Mortgage Lending segment focuses on the origination and sale of mortgage loans for 1-4 family residential properties. The company was founded on December 4, 1990 and is headquartered in Anchorage, AK.

Contact Data
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Executives & Employees

Chairman, President, Chief Executive Officer & Chief Operating Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Information Officer & Executive Vice President

Chief Lending Officer & Executive Vice President

Executive Vice President, Director of Accounting, Treasury & Financial Planning, Northrim Bank

Executive Vice President, Corporate Development & Affiliate Relations, Northrim Bancorp & Northrim Bank

Executive Vice President, Chief Credit Officer & Bank Economist, Northrim Bank

Executive Vice President, Chief Administrative Officer, Northrim Bank

Board of Directors

Chairman, President, Chief Executive Officer & Chief Operating Officer at Northrim Bancorp, Inc.

President & Chief Executive Officer at Doyon Ltd.

President at Aeko Kula, Inc.

Director, President & Chief Executive Officer at International Tower Hill Mines Ltd.

President & Director at ALASKA KIDNEY FOUNDATION Inc.

Director-Providence St Joseph Health Alaska at Providence Alaska Medical Center

Chief Operating Officer at Bering Straits Native Corporation

Chief Executive Officer at Alaskan Brewing Co.

Managing Director at Gulf of Suez Petroleum SAE

Chief Executive Officer at United Way of Anchorage

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Northrim Bancorp, Inc.
Owners & Shareholders
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Legato Capital Management specializes in building customized multi-manager long-only equity portfolios across domestic and international asset classes, styles and capitalization sizes. In constructing multi-manager portfolios, the firm integrates manager selection, asset allocation and risk management processes. The firm generally allocates client assets among sub-advisers for active discretionary management based upon the stated investment objectives of the client. Legato Capital Management’s research methodology employs both qualitative and quantitative analysis to discover sub-advisers and applies fundamental research to construct portfolios. They utilize fundamental research to construct portfolios.

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AltraVue Capital is a long-term, value-focused investor that consistently applies a rigorous and differentiated investment process. The investment objective of the firm’s fund is to generate attractive long-term, risk adjusted returns that exceed market rates of return for publicly-traded equity securities. The Fund is a highly-concentrated, long-only, value-oriented equity strategy. It principally makes long-term investments in a global portfolio of 10-20 attractively priced (in their view) businesses with identifiable opportunities to grow intrinsic value.

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Acuitas Investments LLC is a private company headquartered in Seattle, WA, that provides investment advice. The firm was founded in 2011 by Dennis Wesley Jensen and Christopher David Tessin. Christopher David Tessin has been the CEO since then.

Recent Transactions
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HarbourVest Partners LLC, Acrisure LLC, ABRY Partners LLC purchase Northrim Benefits Group LLC from Northrim Bancorp, Inc.

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Northrim Bancorp, Inc., Northrim Capital Investments Co., Inc. purchase Residential Mortgage Holding Co. LLC

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Northrim Bancorp, Inc. purchases Alaska Pacific Bancshares, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onNorthrim Bancorp, Inc. purchases Alaska Pacific Bancshares, Inc.

Investment Advisor

Advised onNorthrim Bancorp, Inc. purchases Alaska Pacific Bancshares, Inc.

Investment Advisor

Advised onNorthrim Bancorp, Inc., Northrim Capital Investments Co., Inc. purchase Residential Mortgage Holding Co. LLC

Investment Advisor

Advised onNorthrim Bancorp, Inc., Northrim Capital Investments Co., Inc. purchase Residential Mortgage Holding Co. LLC

Chair, Securities Group

Advised onNorthrim Bancorp, Inc. purchases Alaska Pacific Bancshares, Inc.

Key Stats and Financials As of 2020
Market Capitalization
$264M
Total Enterprise Value
$233M
Earnings Per Share
$5.11
Revenue
$145M
TEVNet Income
7.07x
Debt TEV
0.16x
Total Equity
$222M
Total Debt
$37.5M
Net Profit
$32.9M
Enterprise Value / Sales
1.6x
Three Year Compounded Annual Growth Rate Of Revenue
14.31%
Suppliers
GCI Liberty, Inc. Wireless Telecommunications | Anchorage, AK

GCI Liberty, Inc. engages in the operation of communications businesses. It operates through the GCI Holdings; and Corporate and Other segments. The GCI Holdings segment provides wireless, data, video, voice, and managed services to residential, businesses, governmental entities, and educational and medical institutions primarily in Alaska. The Corporate and Other segment consists of those assets or businesses which do not qualify as a separate reportable segment. The company was founded by Bridget L. Baker and Ronald A. Duncan in 1979 and is headquartered in Englewood, CO.

Competitors
Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

First National Bank Alaska Retail & Commercial Banking - Anchorage, Alaska

First National Bank Alaska engages in the provision of commercial banking services. It also offers services relating to trust banking, escrow and contract collection, bankcard, and safe deposit box facilities. The company was founded by Winfield Ervin Sr. in 1922 and is headquartered in Anchorage, AK.

First Bank (Hamilton, New Jersey) Retail & Commercial Banking - Hamilton, NJ

First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus within community banking encompasses the company's primary business which includes providing a wide range of commercial and retail and related banking services. The company was founded on April 23, 2007 and is headquartered in Hamilton, NJ.

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