|  November 25, 2014  |  
Light Snow   33.0F  |  Forecast »

Northrim BanCorp Named to Sandler O'Neill Bank and Thrift Sm-All Stars for 2011

ANCHORAGE, Alaska, Sept. 15, 2011 (GLOBE NEWSWIRE) -- Northrim BanCorp,
Inc. (Nasdaq:NRIM) today announced its inclusion in the Sandler O'Neill
and Partners Bank and Thrift Sm-All Stars - Class of 2011. Sandler
O'Neill has identified Northrim as one of the 25 top performing,
publicly traded small-cap banks and thrifts in the nation. Northrim is
the only bank headquartered in the Pacific Northwest to earn this
honor.

In its "Class of 2011 Bank and Thrift Sm-All Stars" report, Sandler
O'Neill recognized Northrim among the top 25 best performing small
capitalization institutions from a field of 486 publicly traded banks
and thrifts in the U.S. with market capitalizations less than $2
billion. In making their selections, Sandler focused on growth,
profitability, credit quality and capital strength. Commenting on this
year's selection, Sandler O'Neill said, "The performance metrics of the
remaining 25 institutions are outstanding, with the Class of 2011
delivering bottom line results that are markedly better than the
industry as a whole, as shown below:"


    Performance Metrics: 2011 Sm-All Stars vs.
                  Industry Medians


                                   All
                         Sm-All   Banks
                                    &
  Last Twelve Months      Stars  Thrifts   NRIM
                         ------  -------  ------
  NCOs/ Avg. Loans        0.35%    0.95%   0.43%
  Reserves/ NPAs            97%      55%    106%
  ROAE                   10.30%    4.40%   9.40%
  NPAs/ Loans & OREO      1.40%    3.29%   2.31%
  Deposit Growth          7.40%    1.80%   3.80%
  Loan Growth             8.60%   -2.20%   0.90%
  EPS Growth             35.70%   18.00%  33.60%
  Source: SNL
   DataSource and
   Sandler O'Neill
   calculations



"It is an honor to be recognized by Sandler O'Neill for our performance
over the past year," said Marc Langland, Northrim's Chairman, President
and Chief Executive Officer. "Sandler O'Neill is a well-respected
source of research for community banks, and our placement on their
Sm-All Star list reflects the hard work of all of our employees."

Sandler O'Neill is a full-service investment banking firm to the
financial industry. The firm is a market-maker in financial stocks and
publishes equity and fixed income research focused on selected banks,
thrifts and insurance companies, including equity research coverage on
CASB. Additional information can be found on their website at
www.sandleroneill.com.

Northrim Bancorp, with $1.05 billion in assets as of June 30, 2011,
recently reported profits of $3.2 million, or $0.49 per diluted share
in the second quarter of 2011, an increase of 49% from $2.1 million, or
$0.33 per diluted share in the second quarter a year ago.

At June 30, 2011, Northrim maintained strong capital ratios with Tier 1
Capital/risk adjusted assets at 15.59%, up from 14.97% in the first
quarter of 2011 and 14.77% in the second quarter a year ago.

About Northrim BanCorp

Northrim BanCorp, Inc. is the parent company of Northrim Bank, a
commercial bank that provides personal and business banking services
through locations in Anchorage, Eagle River, Wasilla, and Fairbanks,
Alaska, and an asset based lending division in Washington. The bank
differentiates itself with a "Customer First Service" philosophy.
Affiliated companies include Elliott Cove Capital Management, LLC;
Residential Mortgage, LLC; Northrim Benefits Group, LLC; and Pacific
Wealth Advisors, LLC.




www.northrim.com

Add your comment:
Edit Module
Advertisement
Edit Module
Advertisement
Edit Module
Advertisement
Edit Module
Advertisement
Edit Module
Advertisement