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)

431

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 at Aeko Kula, Inc.

President & Chief Executive Officer at Doyon Ltd.

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

Chief Operating Officer at Bering Straits Native Corporation

President & Director at ALASKA KIDNEY FOUNDATION Inc.

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

Secretary & Director at Atikon Forest Products Co.

Managing Director at Gulf of Suez Petroleum SAE

Chief Executive Officer at Rim Architects (Guam) LLC

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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 LLC is a private company headquartered in Bellevue, WA, also operating in the United States. The firm provides investment advice. It was founded in 2016 by DeShay Gould McCluskey and Touk Sinantha.

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Acuitas Investments LLC is an American private company located in Seattle, WA, also operating in the United States. The firm provides investment advice. It was founded in 2011 by Dennis Wesley Jensen and Christopher David Tessin. Christopher David Tessin has been the CEO since the inception date.

Recent Transactions
Details Hidden

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

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

Insider Transactions
Details Hidden
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 2019
Market Capitalization
$206M
Total Enterprise Value
$274M
Earnings Per Share
$3.04
Revenue
$109M
TEVNet Income
13.23x
Debt TEV
0.12x
Net Profit
$20.7M
Total Debt
$33.4M
Total Equity
$207M
Enterprise Value / Sales
2.5x
Three Year Compounded Annual Growth Rate Of Revenue
1.88%
Suppliers
GCI Liberty, Inc. Cable, Satellite, and Radio 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
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Citigroup, Inc. Other Business & Consulting Services - New York, NY

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

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