Northrim Bank: how it compares with its peers
Against 451 U.S. banks with half to twice its assets, Northrim Bank's strongest measure in Q2 2026 is net interest margin (5.59% vs. a 3.67% peer median). Its weakest relative measure is assets per employee ($6.4M vs. $9.2M).
| Measure | Northrim Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.98% | 1.27% | Top third Ahead of 87% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.59% | 3.67% | Top third Ahead of 96% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.16% | 58.57% | Middle third Ahead of 56% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.4M | $9.2M | Bottom third Ahead of 13% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.59% | 88.25% | Context |
What it means for lending operations
Its efficiency ratio of 57.16% is better than the 58.57% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First Dakota National Bank Yankton, SD · $3.39B
- First Carolina Bank Rocky Mount, NC · $3.41B
- Northern Bank & Trust Company Woburn, MA · $3.38B
- Banterra Bank Marion, IL · $3.36B
- Lake Ridge Bank Middleton, WI · $3.35B
- Libertyville Bank & Trust Company, National Association Libertyville, IL · $3.34B
Questions about Northrim Bank
How big is Northrim Bank?
Northrim Bank, established in 1990, is headquartered in Anchorage, AK. It reported $3.40B in total assets in its Q2 2026 FDIC call report and operates 21 offices.
What is Northrim Bank's return on assets?
1.98% annualized in Q2 2026, against a 1.27% median for 451 U.S. banks with half to twice its assets, ahead of 87% of them.
What is Northrim Bank's efficiency ratio?
57.16% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 58.57%, and lower is better.
Is Northrim Bank growing its loans?
Net loans grew 6.3% over the year to Q2 2026, while deposits grew 4.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Alaska bank ranked.