Last $24.99 USD
Change Today +0.49 / 2.00%
Volume 20.7K
NRIM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:27 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

northrim bancorp inc (NRIM) Snapshot

Open
$24.50
Previous Close
$24.50
Day High
$25.00
Day Low
$24.50
52 Week High
07/24/13 - $27.71
52 Week Low
08/30/13 - $22.50
Market Cap
170.6M
Average Volume 10 Days
14.7K
EPS TTM
$1.96
Shares Outstanding
6.8M
EX-Date
06/3/14
P/E TM
12.8x
Dividend
$0.68
Dividend Yield
2.72%
Current Stock Chart for NORTHRIM BANCORP INC (NRIM)

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northrim bancorp inc (NRIM) Details

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses, professionals, and individuals primarily in Alaska. The company offers deposit products and services, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as certificate of deposits and money market deposit accounts. It also provides commercial, real estate construction, real estate term, home equity lines, asset-based, and other consumer loans, as well as offers investment products. In addition, the company provides other services, such as telebanking, mobile Web and text banking, online statements, check cards, cash back rewards, faxed account statements, Internet banking, automated teller services, personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking with coin service, automatic transfers and payments, wire transfers, direct payroll deposit, electronic tax payments, automated clearing house origination and receipt, cash management services, and courier agency services. Further, it operates as an insurance broker that focuses on the sale and servicing of employee benefit plans. As of August 21, 2013, the company operated 10 branches in Anchorage, the Matanuska Valley, and Fairbanks. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

269 Employees
Last Reported Date: 02/28/14
Founded in 1990

northrim bancorp inc (NRIM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $160.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $251.6K
Executive Vice President, Director, Chief Exe...
Total Annual Compensation: $262.5K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $230.6K
Administrative Senior Vice President and Seni...
Total Annual Compensation: $174.3K
Compensation as of Fiscal Year 2013.

northrim bancorp inc (NRIM) Key Developments

Northrim Bancorp Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2014

Northrim Bancorp Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to the company of $4,369,000, or $0.63 per diluted share compared to $3,496,000 or $0.53 per diluted share a year ago. Net interest income was $13,411,000 compared to $10,929,000 a year ago. Income before provision for income taxes was $6,703,000 compared to $5,240,000 a year ago. Total interest income was $13,895,000 compared to $11,440,000 for the same period a year ago. Book value per share was $22.97 compared to $21.50 a year ago. Tangible book value was $21.73 per share compared to $20.26 per share a year ago. Return on average assets was 1.30% compared to 1.22% a year ago. Return on average equity was 11.21% compared to 10.03% a year ago. For the six months, the company reported net income attributable to the company of $7,027,000, or $1.04 per diluted share compared to $6,170,000 or $0.94 per diluted share a year ago. Total interest income was $25,568,000 compared to $22,532,000 for the same period a year ago. Net interest income was $24,644,000 compared to $21,491,000 a year ago. Income before provision for income taxes was $10,360,000 compared to $9,094,000 a year ago. Return on average assets was 1.12% compared to 1.10% a year ago. Return on average equity was 9.37% compared to 8.96% a year ago. For the second quarter ended June 30, 2014, the company reported net loan charge-offs of $1,136,000.

Northrim Bank Announces Management Changes

Northrim Bank has announced the appointment of Allen Hippler as vice president and construction loan officer, and the promotion of Barb Ervin as vice president and core applications group manager. Allen joins Northrim from Faulkner Walsh Constructors, where he was the CFO. He has over twelve years of experience in the banking and financial industry; starting his career at First National Bank Alaska. Allen has extensive experience working in rural Alaska. Barb was recently promoted to VP, Core Applications Group Manager within the Information Technology Department. She has been with Northrim Bank for over 12 years and has over 30 years of experience in banking and investments. She was most recently the VP, Branch Administration Manager at Northrim.

Northrim Bank Promotes Gerlie Guevarra as Assistant Vice President and Branch Manager in Ketchikan

Northrim Bank has announced the promotion of Gerlie Guevarra as assistant vice president and branch manager in Ketchikan; Catalina Haney and Fejie Monta-Carangang as assistant branch managers in Juneau; and Lori Downing as assistant branch manager in Sitka, Alaska, in the US.

 

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NRIM

Industry Average

Valuation NRIM Industry Range
Price/Earnings 12.5x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 12.7x
TEV/Sales 0.5x
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