Sec Form 13G Filing - AltraVue Capital LLC filing for NORTHRIM BANCORP INC (NRIM) - 2023-01-19

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

Under the Securities Exchange Act of 1934

(Amendment No. _3__)*
Northrim Bancorp, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
666762109
(CUSIP Number)
December 31st, 2022
(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
persons 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


  68,846

6
  Shared Voting Power


  282,693

7
  Sole Dispositive Power


351,539

8
  Shared Dispositive Power


  0
9
Aggregate Amount Beneficially Owned by Each Reporting Person

351,539
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)

6.18%
12
Type of Reporting Person (See Instructions)

IA

Item 1.
(a)	Name of Issuer: Northrim Bancorp, Inc.
(b)	Address of Issuers Principal Executive Offices:
      3111  Street
	Anchorage, AL 99503
Item 2.
(a)	Name of Person Filing: AltraVue Capital, LLC
(b)	Address of Principal Business Office or, if None, Residence:
11747 NE 1st Street, Suite 205
Bellevue, WA 98005-3018
(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:  351,539
 (b)	Percent of Class:  6.18%
 (c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote: 68,846
	(ii)	Shared power to vote or to direct the vote: 282,693
(iii)	Sole power to dispose or to direct the disposition of:
351,539
(iv)	Shared power to dispose or to direct the disposition of:
0
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:  January 13th, 2023


/s/ Signature
Tom Parkhurst / COO & CCO
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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