Northrim BanCorp, Inc.

NasdaqGS:NRIM Stock Report

Market Cap: US$473.2m

Northrim BanCorp Balance Sheet Health

Financial Health criteria checks 6/6

Northrim BanCorp has total assets of $3.0B and total equity of $260.1M. Total deposits are $2.6B, and total loans are $2.0B. It earns a Net Interest Margin of 4.2%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $113.1M.

Key information

11.4x

Asset to equity ratio

4.2%

Net interest margin

Total deposits

US$2.63b

Loan to deposit ratio

Appropriate

Bad loans

0.2%

Allowance for bad loans

Sufficient

Current ratio

Low

Cash & equivalents

US$113.13m

Recent financial health updates

No updates

Recent updates

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Oct 20

Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Aug 29
Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots

May 13

Northrim BanCorp: The Golden Moment Continues

Jan 31

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30
Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Oct 05

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29
Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Northrim BanCorp raises dividend by 22% to $0.50

Aug 26

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Jul 21

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

May 07

Northrim BanCorp: Topline Growth To Counter Mortgage Refinancing Normalization

Feb 17

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings

Oct 26

Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Aug 30
Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Northrim BanCorp: Strong Loan Growth, Subdued Credit Costs To Lift Earnings

Jul 22

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NRIM's Assets to Equity ratio (11.4x) is moderate.

Allowance for Bad Loans: NRIM has a sufficient allowance for bad loans (394%).

Low Risk Liabilities: 97% of NRIM's liabilities are made up of primarily low risk sources of funding.

Loan Level: NRIM has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: NRIM's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: NRIM has an appropriate level of bad loans (0.2%).


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