Northrim BanCorp Inc (NRIM) - Net Assets
Based on the latest financial reports, Northrim BanCorp Inc (NRIM) has net assets worth $326.54 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.29 Billion) and total liabilities ($2.96 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Northrim BanCorp Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $326.54 Million |
| % of Total Assets | 9.92% |
| Annual Growth Rate | 12.37% |
| 5-Year Change | 37.31% |
| 10-Year Change | 74.89% |
| Growth Volatility | 18.28 |
Northrim BanCorp Inc - Net Assets Trend (1991–2025)
This chart illustrates how Northrim BanCorp Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Northrim BanCorp Inc for the complete picture of this company's asset base.
Annual Net Assets for Northrim BanCorp Inc (1991–2025)
The table below shows the annual net assets of Northrim BanCorp Inc from 1991 to 2025. For live valuation and market cap data, see Northrim BanCorp Inc (NRIM) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $326.54 Million | +22.25% |
| 2024-12-31 | $267.12 Million | +13.80% |
| 2023-12-31 | $234.72 Million | +7.36% |
| 2022-12-31 | $218.63 Million | -8.07% |
| 2021-12-31 | $237.82 Million | +7.33% |
| 2020-12-31 | $221.57 Million | +6.98% |
| 2019-12-31 | $207.12 Million | +0.57% |
| 2018-12-31 | $205.95 Million | +6.82% |
| 2017-12-31 | $192.80 Million | +3.26% |
| 2016-12-31 | $186.71 Million | +5.36% |
| 2015-12-31 | $177.21 Million | +7.77% |
| 2014-12-31 | $164.44 Million | +13.94% |
| 2013-12-31 | $144.32 Million | +5.84% |
| 2012-12-31 | $136.35 Million | +8.70% |
| 2011-12-31 | $125.44 Million | +7.10% |
| 2010-12-31 | $117.12 Million | +5.50% |
| 2009-12-31 | $111.02 Million | +6.05% |
| 2008-12-31 | $104.68 Million | +3.22% |
| 2007-12-31 | $101.42 Million | +6.25% |
| 2006-12-31 | $95.45 Million | +12.99% |
| 2005-12-31 | $84.47 Million | +1.34% |
| 2004-12-31 | $83.36 Million | +10.72% |
| 2003-12-31 | $75.28 Million | +10.11% |
| 2002-12-31 | $68.37 Million | +12.47% |
| 2001-12-31 | $60.79 Million | +11.96% |
| 2000-12-31 | $54.30 Million | +12.10% |
| 1999-12-31 | $48.44 Million | +82.09% |
| 1998-12-31 | $26.60 Million | +14.66% |
| 1997-12-31 | $23.20 Million | +16.00% |
| 1996-12-31 | $20.00 Million | +6.95% |
| 1995-12-31 | $18.70 Million | +17.61% |
| 1994-12-31 | $15.90 Million | +8.16% |
| 1993-12-31 | $14.70 Million | +81.48% |
| 1992-12-31 | $8.10 Million | +30.65% |
| 1991-12-31 | $6.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northrim BanCorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 210000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $326.54 Million | 100.00% |
| Total Equity | $326.54 Million | 100.00% |
Northrim BanCorp Inc Competitors by Market Cap
The table below lists competitors of Northrim BanCorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Hengxing New Material
SHG:603276
|
$547.25 Million |
|
Qingdao Huijintong Power
SHG:603577
|
$547.38 Million |
|
Lafang China
SHG:603630
|
$547.70 Million |
|
Anji Foodstuff Co Ltd
SHG:603696
|
$547.92 Million |
|
Hunan Huamin Holdings Co Ltd
SHE:300345
|
$546.79 Million |
|
RIDLEY CORP. LTD
F:RI6
|
$546.64 Million |
|
Embecta Corp
NASDAQ:EMBC
|
$546.60 Million |
|
OPUS GLOBAL Nyrt
BUD:OPUS
|
$546.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northrim BanCorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 267,116,000 to 326,544,000, a change of 59,428,000 (22.2%).
- Net income of 64,608,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 7,024,000.
- Other factors decreased equity by 12,204,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $64.61 Million | +19.79% |
| Other Comprehensive Income | $7.02 Million | +2.15% |
| Other Changes | $-12.20 Million | -3.74% |
| Total Change | $- | 22.25% |
Book Value vs Market Value Analysis
This analysis compares Northrim BanCorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.01x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $0.69 | $24.73 | x |
| 1992-12-31 | $0.74 | $24.73 | x |
| 1993-12-31 | $0.77 | $24.73 | x |
| 1994-12-31 | $1.05 | $24.73 | x |
| 1995-12-31 | $1.18 | $24.73 | x |
| 1996-12-31 | $1.26 | $24.73 | x |
| 1997-12-31 | $1.53 | $24.73 | x |
| 1998-12-31 | $1.33 | $24.73 | x |
| 1999-12-31 | $1.52 | $24.73 | x |
| 2000-12-31 | $1.83 | $24.73 | x |
| 2001-12-31 | $2.20 | $24.73 | x |
| 2002-12-31 | $2.45 | $24.73 | x |
| 2003-12-31 | $2.74 | $24.73 | x |
| 2004-12-31 | $2.74 | $24.73 | x |
| 2005-12-31 | $2.81 | $24.73 | x |
| 2006-12-31 | $3.49 | $24.73 | x |
| 2007-12-31 | $3.91 | $24.73 | x |
| 2008-12-31 | $4.09 | $24.73 | x |
| 2009-12-31 | $4.32 | $24.73 | x |
| 2010-12-31 | $4.52 | $24.73 | x |
| 2011-12-31 | $4.78 | $24.73 | x |
| 2012-12-31 | $5.18 | $24.73 | x |
| 2013-12-31 | $5.45 | $24.73 | x |
| 2014-12-31 | $23.98 | $24.73 | x |
| 2015-12-31 | $25.48 | $24.73 | x |
| 2016-12-31 | $26.75 | $24.73 | x |
| 2017-12-31 | $27.63 | $24.73 | x |
| 2018-12-31 | $29.50 | $24.73 | x |
| 2019-12-31 | $7.61 | $24.73 | x |
| 2020-12-31 | $8.61 | $24.73 | x |
| 2021-12-31 | $9.51 | $24.73 | x |
| 2022-12-31 | $9.38 | $24.73 | x |
| 2023-12-31 | $10.37 | $24.73 | x |
| 2024-12-31 | $11.96 | $24.73 | x |
| 2025-12-31 | $14.49 | $24.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northrim BanCorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.64%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.08x
- Recent ROE (19.79%) is above the historical average (10.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -20.97% | -43.33% | 0.06x | 8.40x | $-1.92 Million |
| 1992 | 4.94% | 5.97% | 0.08x | 10.25x | $-410.00K |
| 1993 | 8.84% | 13.68% | 0.08x | 7.90x | $-170.00K |
| 1994 | 9.43% | 11.19% | 0.08x | 10.30x | $-90.00K |
| 1995 | 10.16% | 10.61% | 0.09x | 10.27x | $30.00K |
| 1996 | 11.00% | 11.06% | 0.09x | 11.28x | $200.00K |
| 1997 | 15.09% | 13.76% | 0.09x | 11.78x | $1.18 Million |
| 1998 | 13.91% | 12.09% | 0.09x | 12.96x | $1.04 Million |
| 1999 | 9.88% | 11.92% | 0.08x | 10.40x | $-57.60K |
| 2000 | 10.74% | 11.36% | 0.09x | 10.08x | $403.10K |
| 2001 | 11.69% | 13.45% | 0.09x | 10.21x | $1.03 Million |
| 2002 | 12.49% | 17.07% | 0.07x | 10.30x | $1.70 Million |
| 2003 | 14.01% | 20.26% | 0.07x | 9.81x | $3.02 Million |
| 2004 | 12.84% | 20.44% | 0.07x | 9.61x | $2.36 Million |
| 2005 | 13.22% | 17.56% | 0.07x | 10.60x | $2.72 Million |
| 2006 | 13.60% | 40.27% | 0.03x | 9.70x | $3.43 Million |
| 2007 | 11.50% | 14.06% | 0.08x | 10.01x | $1.52 Million |
| 2008 | 5.81% | 8.61% | 0.07x | 9.62x | $-4.38 Million |
| 2009 | 6.96% | 12.01% | 0.06x | 9.04x | $-3.37 Million |
| 2010 | 7.74% | 15.10% | 0.06x | 9.01x | $-2.64 Million |
| 2011 | 9.09% | 19.94% | 0.05x | 8.66x | $-1.14 Million |
| 2012 | 9.50% | 22.78% | 0.05x | 8.51x | $-680.00K |
| 2013 | 8.55% | 21.64% | 0.05x | 8.43x | $-2.09 Million |
| 2014 | 10.59% | 24.70% | 0.05x | 8.82x | $975.70K |
| 2015 | 10.04% | 17.04% | 0.07x | 8.47x | $79.50K |
| 2016 | 7.72% | 14.10% | 0.07x | 8.18x | $-4.25 Million |
| 2017 | 6.82% | 13.68% | 0.06x | 7.88x | $-6.13 Million |
| 2018 | 9.71% | 20.76% | 0.06x | 7.30x | $-590.70K |
| 2019 | 9.99% | 19.26% | 0.07x | 7.94x | $-20.70K |
| 2020 | 14.84% | 23.48% | 0.07x | 9.58x | $10.73 Million |
| 2021 | 15.78% | 27.41% | 0.05x | 11.46x | $13.74 Million |
| 2022 | 14.06% | 22.87% | 0.05x | 12.23x | $8.88 Million |
| 2023 | 10.82% | 16.04% | 0.06x | 11.96x | $1.92 Million |
| 2024 | 13.84% | 18.87% | 0.06x | 11.39x | $10.26 Million |
| 2025 | 19.79% | 26.64% | 0.07x | 10.08x | $31.95 Million |
Industry Comparison
This section compares Northrim BanCorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northrim BanCorp Inc (NRIM) | $326.54 Million | -20.97% | 9.08x | $546.82 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Northrim BanCorp Inc
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. The company operates through three segments: Community Banking, Home Mortgage Lending, and Specialty Finance. It offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings account… Read more