Northrim BanCorp Announces 2013 Financial Results

Northrim BanCorp announced earnings of $12.3-million dollars on Tuesday. The 2013 net profits are down compared to the $12.9-million dollars recorded in 2012. In a prepared statement Northrim Bancorp CEO Marc Langland said the acquisition of Alaska Pacific Banchares will expand Northrim’s presence into Juneau, Ketchikan and Sitka. He also noted that Northrim launched Enroll Alaska last year to help people gain insurance coverage under the Affordable Care Act. Langland pointed out that despite the problems with the Affordable Care Act website, Enroll Alaska was able to enroll over 800 people last year. The financial information released Tuesday shows that Northrim had total revenues last year of $56.9-million dollars.