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Northrim BanCorp Inc
3111 C Street
Phone: (907) 562-0062p:907 562-0062 ANCHORAGE, AK  99503  United States Ticker: NRIMNRIM
Business Summary
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). It operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Bank also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank has about 19 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes--Yes

Industries
SIC Code Description
6035 Savings institutions, federally chartered
6029 Commercial banks, not elsewhere classified
6162 Mortgage bankers and loan correspondents
6141 Personal credit institutions
6159 Miscellaneous business credit institutions
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Joseph M.Schierhorn 65 4/6/2024 1/1/2001
President, Chief Executive Officer, Chief Operating Officer Michael G.Huston 56 4/6/2024 5/1/2017
Chief Financial Officer, Executive Vice President of the Company and the Bank Jed W.Ballard 44 1/1/2018 1/1/2018
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
NORTHRIM BANK PO Box 241489 Anchorage AK United States
Alaska Pacific Bancshares, Inc. 2094 Jordan Avenue JUNEAU AK United States
ALASKA PACIFIC BANK 2094 Jordan Ave Juneau Alaska United States

Business Names
Business Name
Alaska Pacific Bancshares, Inc.
Northrim Bank
Northrim Investment Services Company
Northrim Statutory Trust 2
NRIM
Residential Mortgage Holding Company, LLC

General Information
Number of Employees: 472 (As of 12/31/2023)
Outstanding Shares: 5,499,578 (As of 3/8/2024)
Shareholders: 206
Stock Exchange: NASD
Federal Tax Id: 920175752
Fax Number: (907) 562-1758


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Monday, April 22, 2024