Better Health for All

Northrim BanCorp's core business is financial services, which do not have a direct, significant positive or negative health impact, nor do they generate revenue from products with negative health outcomes.

The company's ESG report indicates a commitment to serving low- and moderate-income areas through initiatives like financing over 600 affordable housing units and offering financial literacy classes. For mental health, the company provides employee assistance programs and access to the Noom platform for its employees. However, the provided evidence does not offer specific data points or percentages that directly align with the quantitative thresholds for health-related KPIs for the general population, leading to a neutral score for most categories.

Fair Money & Economic Opportunity

Northrim Bank's inclusion lending, specifically SSBCI loans for Socially and Economically Disadvantaged Individuals (SEDI) and Very Small Businesses (VSB), totaled over $46 million in 2024.

This represents 2.88% of its $1.6 billion total loan portfolio in 2023. The bank offers online account opening and expanded electronic banking services, including consumer and business online banking, mobile apps, and mobile deposit. It received a 'Satisfactory' CRA rating from the FDIC in May 2023 and has no identified discriminatory or illegal credit practices. The company monitors problem loans and offers loan accommodations, such as interest-only and deferral options for loan payments. Northrim Bank contributed over $1,065,000 to organizations in Alaska in 2024 and increased its shareholder dividend by 10% in 2020. The bank has 20 branch locations throughout Alaska, serving approximately 90% of the state's population. It offers an 'Easy Banking' checking account, certified by the Cities for Financial Empowerment Fund (CFE Fund) as meeting Bank On National Account Standards for safe and affordable transaction accounts. Northrim employees volunteered over 2,900 hours in 2024, including in financial literacy classes and the Teach Children to Save program. The bank's subsidiary, Residential Mortgage, participated in a special affordable lending program that provided 43 borrowers with an average 2% reduction in interest rates.

Fair Pay & Worker Respect

For the 2024 fiscal year, Northrim BanCorp reported a CEO pay ratio of 12:1, with the CEO's total compensation at $1,102,534 and the median employee pay at $89,224.

Employee reviews on Glassdoor indicate that 78% of employees would recommend working at Northrim BanCorp. The company's health benefits received a rating of 3.6 out of 5 stars, and reviews specifically mentioned 'great health benefits'. However, Glassdoor reviews also noted a high turnover rate for lower positions. No specific regulatory actions, violations, fines, or compliance issues were mentioned across the provided articles for the past three years.

Fair Trade & Ethical Sourcing

Northrim BanCorp, Inc. operates as a bank, providing financial services such as commercial lending, real estate financing, consumer loans, and deposit accounts.

Its business model does not involve the procurement or trading of physical commodities, nor does it have a supply chain of goods that would require fair-trade certifications, sourcing audits, traceability, or remediation processes related to material inputs. Therefore, all KPIs related to these aspects are not applicable to the company's operations.

Honest & Fair Business

Northrim BanCorp has a formal whistleblower protection policy, which includes a confidential hotline and other reporting channels such as supervisors, Ethics Officers, and People Services.

However, the provided information does not detail the independence of investigation processes, training frequency, or program effectiveness. The company also has anti-corruption and anti-bribery policies in place, emphasizing compliance with all laws and regulations and avoiding conflicts of interest. The articles do not provide specific details on the policy's guidance regarding facilitation payments or gift thresholds, nor do they mention training frequency or effectiveness metrics.

No War, No Weapons

The provided articles do not contain specific, quantifiable evidence for any of the Key Performance Indicators (KPIs) under the 'No War, No Weapons' ethical value. The company, Northrim BanCorp, Inc., operates as a community bank, and the articles focus on its general ethical code, community banking activities, and a partnership with the Alaska Army National Guard for civilian employment opportunities.

There is no information regarding revenue from arms or defense contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other defense-related metrics.

Safe & Smart Tech

The company provides mandatory initial and annual security awareness training for its personnel.

It also maintains a Computer Security Incident Response Team and a computer security incident response plan. The Board of Directors reviews the Information Security Policy annually, and the Information Security Officer has over 40 years of security and risk management experience, with the Cybersecurity Program Manager holding CISSP and CISA certifications. The company periodically engages external partners to conduct annual audits of its systems and monitors known cybersecurity threats at third-party service providers. Northrim Bank's staff constantly tests and monitors the bank's system, and this work is regularly checked externally by state and federal examiners. The company is committed to complying with all laws and regulations, including the Gramm-Leach-Bliley Act and the Fair and Accurate Credit Transaction Act, and uses the FFIEC cybersecurity assessment framework. It advises users to use secure passwords, update operating systems and anti-virus software, and keep web browsers current. There are no documented data breaches or incidents of unauthorized data use. However, there is no specific data on the percentage of employees trained, the availability of multi-factor authentication (MFA), or average patching times for vulnerabilities.

Zero Waste & Sustainable Products

No specific, concrete data points were found in the provided articles for any of the KPIs related to Zero Waste & Sustainable Products for Northrim BanCorp Inc. The articles primarily discuss the bank's lending practices, community engagement, employee benefits, and general environmental compliance in its financial services, as well as energy efficiency upgrades for its headquarters building.

Information regarding waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education was not available.