NORTHRIM BANCORP INC

Listed Company

NRIMCIK 0001163370NasdaqAcceleratedSavings Institution, Federally CharteredAlaskaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$64.61M

Total Assets

$3.29B

Equity

$326.54M

Shares Out

22.24M

Op. Cash Flow

$139.34M

NRIM$27.12+11.75% · past yearDBEQ Basic

Daily closing prices

Business

Northrim BanCorp Inc is a bank holding company operating as a major commercial bank in Alaska. The company provides commercial and consumer lending, deposit products, investment services, mortgage origination and servicing, and factoring and asset-based lending. Operations span three reportable segments: Community Banking, Home Mortgage Lending, and Specialty Finance, with branch locations throughout Alaska and specialty-finance operations serving customers in the continental United States, Canada, and the United Kingdom.

Summary from 10-K filed 2026-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans and loans held for sale	160	135	109	83	79
Interest on investment securities available for sale	11	14	16	10	3
Dividends on marketable equity securities	552,000	876,000	766,000	563,000	440,000
Interest on investment securities held to maturity	2	2	2	2	1
Dividends on Federal Home Loan Bank stock	586,000	314,000	203,000	125,000	102,000
Interest on deposits in other banks	4	2	5	6	447,000
Total Interest Income	178	154	132	100	85
Interest expense on deposits	40	39	27	4	3
Interest expense on borrowings	2	986,000	2	339,000	320,000
Interest expense on subordinated debentures	805,000	403,000	400,000	—	—
Total Interest Expense	43	41	29	5	—
Net Interest Income	136	113	103	95	81
Provision for credit losses	4	3	4	2	−4
Net Interest Income After Provision for Credit Losses	132	110	99	93	85
Mortgage banking income	25	24	13	22	42
Purchased receivable income	26	7	4	2	2
Gain on sale by Pacific Wealth Advisors	14	0	0	—	—
Unrealized gain on marketable equity securities	169,000	465,000	120,000	−1	−101,000
Gain on sale of available for sale securities, net	1,000	0	0	—	—
Gain on sale of marketable equity securities, net	0	112,000	0	0	67,000
Other income	4	4	3	3	3
Total Other Operating Income	77	42	26	34	52
Salaries and other personnel expense	78	68	62	58	60
Data processing expense	13	11	10	9	9
Occupancy expense	8	8	7	7	7
Professional and outside services	5	4	3	3	3
Marketing expense	4	3	3	3	3
Insurance expense	3	3	3	2	2
Compensation expense - SCF acquisition payments	2	0	0	—	—
Intangible asset amortization expense	0	0	17,000	25,000	37,000
OREO (income) expense, net of rental income and gains on sale	−11,000	−385,000	−794,000	500,000	−432,000
Other operating expense	11	9	7	7	6
Total Other Operating Expense	124	105	94	89	89
Income Before Provision for Income Taxes	85	47	32	38	48
Provision for income taxes	20	10	6	8	10
Net Income	65	37	25	31	38
Earnings Per Share, Basic (in USD per share)	2.92	1.68	1.13	5.33	6.07
Earnings Per Share, Diluted (in USD per share)	2.87	1.66	1.12	5.27	6
Weighted Average Shares Outstanding, Basic (in shares)	22	22	22	6	6
Weighted Average Shares Outstanding, Diluted (in shares)	22	22	23	6	6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	36	42	27	28	21
Interest bearing deposits in other banks	110	21	91	232	625
Marketable equity securities	8	9	13	11	8
Investment securities available for sale, at fair value	421	479	638	677	427
Investment securities held to maturity, at amortized cost	27	37	37	37	20
Investment in Federal Home Loan Bank stock	7	5	3	4	3
Loans held for sale	100	60	32	28	74
Loans	2,295	2,129	1,789	1,502	1,414
Allowance for credit losses, loans	−24	−22	−17	−14	−12
Net loans	2,272	2,107	1,772	1,488	1,402
Purchased receivables, net	102	74	37	20	7
Premises and equipment, net	40	38	41	38	37
Operating lease right-of-use assets	6	8	9	10	11
Goodwill	50	50	15	15	15
Other intangible assets, net	950,000	950,000	950,000	967,000	992,000
Other assets	84	86	72	69	54
Total assets	3,290	3,042	2,807	2,674	2,725
Demand	722	706	750	797	888
Interest-bearing demand	1,243	1,108	927	768	693
Savings	250	251	255	321	348
Money market	196	196	221	308	315
Certificates of deposit less than $250,000	105	201	189	115	101
Certificates of deposit $250,000 and greater	298	217	142	78	77
Total deposits	2,813	2,680	2,485	2,387	2,422
Borrowings	13	23	14	14	15
Subordinated debentures	69	10	—	—	—
Operating lease liabilities	6	8	9	10	11
Other liabilities	63	54	55	34	29
Total liabilities	2,964	2,775	2,573	2,456	2,487
COMMITMENTS AND CONTINGENCIES (NOTE 19)	—	—	—	—	—
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding	0	0	0	0	0
Common stock, $0.25 par value, 40,000,000 shares authorized, 22,111,637 and 22,072,840 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	6	6	6	6	6
Additional paid-in capital	11	9	10	18	31
Retained earnings	310	259	236	224	204
Accumulated other comprehensive income (loss), net of tax	619,000	−7	−16	−29	−3
Total shareholders' equity	327	267	235	219	238
Total liabilities and shareholders' equity	3,290	3,042	2,807	2,674	2,725

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on sale of securities, net	−1,000	−112,000	0	0	−67,000
Depreciation and amortization of premises	4	4	3	3	3
Amortization of debt issuance costs	14,000	0	0	—	—
Amortization of investment security premium, net of discount accretion	−37,000	368,000	483,000	630,000	529,000
Unrealized (gain) on marketable equity securities	−169,000	−465,000	−120,000	1	101,000
Deferred tax (income) expense	−2	−152,000	580,000	2	−1
Stock-based compensation	2	913,000	937,000	742,000	1
Deferral of loan fees and amortization, net of costs	977,000	631,000	−54,000	−3	−192,000
Origination of home mortgage servicing rights carried at fair value	−5	−5	−4	−5	—
Purchases of home mortgage servicing rights carried at fair value	0	−2	0	0	−6
Change in fair value of home mortgage servicing rights carried at fair value	4	201,000	3	−288,000	4
Change in fair value of commercial servicing rights carried at fair value	334,000	52,000	62,000	−809,000	437,000
Gain on sale of loans	−17	−14	−8	−14	−36
Proceeds from the sale of loans held for sale	852	595	380	646	1,227
Origination of loans held for sale	−776	−609	−376	−586	−1,118
Gain on sale of other real estate owned	0	−392,000	−929,000	414,000	−685,000
Impairment on other real estate owned	0	0	123,000	0	—
Gain on sale of Pacific Wealth Advisors	−14	0	0	—	—
Decrease (increase) in accrued interest receivable	−1	456,000	−2	−3	1
Decrease (increase) in other assets	23	−14	5	7	13
(Decrease) increase in other liabilities	−64,000	−6	7	−4	−10
Net Cash Provided (Used) by Operating Activities	139	−9	39	78	112
Purchases of investment securities available for sale	−96	−49	−26	−303	−321
Purchases of marketable equity securities	0	−2	−2	−4	−493,000
Purchases of FHLB stock	−23	−32	−6	−730,000	−573,000
Proceeds from sales/calls/maturities of securities available for sale	165	221	82	13	135
Proceeds from sales of marketable equity securities	481,000	7	0	488,000	1
Proceeds from calls/maturities of securities held to maturity	10	0	0	—	—
Proceeds from redemption of FHLB stock	21	30	7	21,000	17,000
(Increase) decrease in purchased receivables, net	−28	11	−17	−13	7
Increase in loans, net	−268	−342	−288	−84	—
Proceeds from sale of other real estate owned	0	392,000	1	5	3
Sallyport Commercial Finance, LLC acquisition, net of cash received	144,000	−41	0	0	—
Purchases of premises and equipment	−5	−620,000	−6	−4	−2
Net Cash Used by Investing Activities	−223	−198	−255	−406	−159
Increase (decrease) in deposits	133	195	98	−34	597
Proceeds from borrowings	563	698	195	0	0
Repayments of borrowings	−573	−728	−195	−413,000	−309,000
Proceeds from the issuance of subordinated debt	60	0	0	—	—
Payment of debt issuance costs	−1	0	0	—	—
Proceeds from the issuance of common stock	609,000	801,000	555,000	586,000	2
Repurchase of common stock	0	−789,000	−9	−14	−12
Cash dividends paid	−15	−14	−14	−11	−9
Net Cash Provided by Financing Activities	167	151	75	−59	577
Net Change in Cash and Cash Equivalents	83	−56	−141	−386	530
Income taxes paid	18	7	2	2	6
Interest paid	43	40	29	5	4
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships	13	0	14	0	0
Transfer of loans to other real estate owned	0	0	273,000	0	274,000
Non-cash lease liability arising from obtaining right of use assets	0	250,000	423,000	1	79,000
Assets acquired	0	66	0	0	—
Liabilities assumed	0	−41	0	0	—
Pre-existing debt settlement	0	12	0	0	—

Filings

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Frequently asked questions

What is NORTHRIM BANCORP INC's CIK number?

NORTHRIM BANCORP INC's SEC CIK number is 0001163370 (1163370). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find NORTHRIM BANCORP INC's SEC filings?

All of NORTHRIM BANCORP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did NORTHRIM BANCORP INC last report earnings?

NORTHRIM BANCORP INC (NRIM) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001163370-26-000018). This is NORTHRIM BANCORP INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is NORTHRIM BANCORP INC's most recent earnings 8-K?

NORTHRIM BANCORP INC's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001163370-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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