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Awards & Recognition

Northrim Bank is proud serve our community and is honored to receive recognition for our work throughout Alaska.

Sandler O’Neil Small Cap All Stars

Northrim is one of 31 banks and thrifts chosen to comprise the Sandler O’Neill Sm-All Stars Class of 2013. This is the second time Northrim has been selected as an All-Star, having been selected in 2011. Northrim is still the only bank in Alaska and the Pacific Northwest to be selected for this honor.

The award identifies the top performing small-cap banks and thrifts in the nation. All 450 publicly traded banks and thrifts with a market cap below $2.5 billion were evaluated to determine the institutions selected. They specifically compared growth, profitability, credit quality and capital strength. This screening methodology eliminated 93% of the institutions being evaluated.

“The performance metrics of the remaining 31 institutions are exceptional, delivering bottom line results that are markedly better than the industry as a whole,” said the Sm-All Stars: Class of 2013 report.

Raymond James Community Bankers Cup

For the third year in a row, Northrim Bank was selected as a recipient of the Community Banker’s Cup by Raymond James, an investment bank with extensive knowledge on the banking sector. The award recognizes the top 10% of community banks based on various profitability, operational efficiency and balance sheet metrics. Once again, we are the only bank from the Pacific Northwest.

“It helped that Alaska remained relatively strong compared to the rest of the country on a look back basis over several years, but to make this list is significant,” said Joe Beedle.

Though favorable performance during the year of the award is a critical part of the criteria, the cup was also created to reward outstanding performance over a longer period of time. Raymond James recognizes this accomplishment because they believe this formula is the correct way to invest in community banks and how shareholder value is built.

The pool of community banks considered for recognition includes all exchange-traded domestic banks, with assets between $500 million and $10 billion as of December 31, 2014.

Of the 302 community banks considered for the award, the top 10% demonstrated superior performance on a relative basis in one or more of the following measurements of financial performance and stability:

  • Nonperforming assets to loans and real estate owned
  • Five-year average core deposit percentage
  • Net interest margin
  • Efficiency ratio
  • Return on average assets
  • Tangible common equity

Raymond James ranked each of these measures and then summed all of the ranks to determine each community bank’s standing relative to the other banks being analyzed. The top 10% or 30 banks based on their overall score were recognized.

Alaska Journal of Commerce Business Leader of the Year - 2014

Northrim Bank founder and Chairman, Marc Langland was honored as the Alaska Journal of Commerce’s Business Leader of the Year in 2014. Mr. Langland is only the third person to be given this honor. The full article as reported by the Alaska Journal of Commerce can be read here.

AMA Prism Award

Spawn Ideas and Northrim Bank have won an American Marketing Association, Alaska chapter Prism Award for best 'Integrated PR and Marketing Campaign – Large Company' for 2012, 2013, 2014 and 2015. The 2012 "Let’s Have Lunch" campaign highlighted the bank's small business expertise, the 2013 "Expert" campaign featured Northrim's loan officers, the 2014 “I’m at the Bank” campaign promoted Northrim’s new mobile app, and the 2015 "Lake Otis Community Branch" campaign focused on retail merchandising and promotion of the new Northrim branch experience.

“Four years in a row is truly amazing!” said Jay Blury, Northrim Bank Marketing & Communications Director. “It’s a great achievement, and all part of a collaborative effort with ground level expertise and engagement.”

Our traditional advertising mediums complement Northrim's heavy presence at community and industry-specific events year-round.

Member FDIC Equal Housing Lender

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