Sec Form 13G Filing - AltraVue Capital LLC filing for NORTHRIM BANCORP INC (NRIM) - 2022-02-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. _2_)*
Northrim Bancorp, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
666762109
(CUSIP Number)
December 31, 2021
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

	[X]  Rule 13d-1(b)

	[_]  Rule 13d-1(c)

	[_]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person?s initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be ?filed? for the purpose of Section 18
of the Securities Exchange Act of 1934 (?Act?) or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).



SCHEDULE 13G
CUSIP
No.
666762109

1
Names of Reporting Persons

AltraVue Capital, LLC
2
Check the appropriate box if a member of a Group (see
instructions)

(a)  [ ]
(b)  [ ]
3
Sec Use Only


4
Citizenship or Place of Organization

Delaware, US
Number of
Shares
Beneficiall
y Owned by
Each
Reporting
Person
With:

5
  Sole Voting Power


  105818

6
  Shared Voting Power


  0

7
  Sole Dispositive Power


  265628

8
  Shared Dispositive Power


  109041
9
Aggregate Amount Beneficially Owned by Each Reporting Person

374699
10
Check box if the aggregate amount in row (9) excludes certain
shares (See Instructions)

[ ]
11
Percent of class represented by amount in row (9)

6.10%
12
Type of Reporting Person (See Instructions)

IA



Item 1.
(a)	Name of Issuer: Northrim Bancorp
(b)	Address of Issuer?s Principal Executive Offices:
3111 C Street, Anchorage, AK  99503
Item 2.
(a)	Name of Person Filing: AltraVue Capital, LLC
(b)	Address of Principal Business Office or, if None,
Residence:  1747 NE 1st Street, Suite 205, Bellevue, WA 98005
(c)	Citizenship:	USA
(d)	Title and Class of Securities: Common
(e)	CUSIP No.:	666762109
Item 3. 	If this statement is filed pursuant to ?? 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a)	[_]	Broker or dealer registered under Section 15 of the Act;
(b)	[_]	Bank as defined in Section 3(a)(6) of the Act;
(c)	[_]	Insurance company as defined in Section 3(a)(19) of the
Act;
(d)	[_]	Investment company registered under Section 8 of the
Investment Company Act of 1940;
(e)	[X]	An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f)	[_]	An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g)	[_]	A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h)	[_]	A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	[_]	A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940;
(j)	[_]	A non-U.S. institution in accordance with Rule 240.13d-
1(b)(1)(ii)(J);
(k)	[_]	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If
filing as a non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J), please specify the type of institution:
____
Item 4.	Ownership
(a)	Amount Beneficially Owned:  	 374,669
 (b)	Percent of Class:  6.10
 (c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote: 105,818
	(ii)	Shared power to vote or to direct the vote:0
(iii)	Sole power to dispose or to direct the disposition of:265,628

(iv)	Shared power to dispose or to direct the disposition of:109,041
Item 5.	Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [    ].
Item 6.	Ownership of more than Five Percent on Behalf of Another Person.
Item 7.	Identification and classification of the subsidiary which
acquired the security being reported on by the parent holding
company or control person.
Item 8.	Identification and classification of members of the group.
Item 9.	Notice of Dissolution of Group.

Item 10.	Certifications.


SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated:  02/07/2022



Thomas Parkhurst, Chief Compliance Officer
Name/Title


The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative (other than an executive officer or
general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person
shall be filed with the statement, provided, however, that a
power of attorney for this purpose which is already on file with
the Commission may be incorporated by reference.  The name and
any title of each person who signs the statement shall be typed
or printed beneath his signature.
Attention:  Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).
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