NORTHRIM BANCORP INC
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
NRIM$23.90-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 202 and
December 31, 2023 and 2022
| December 31,2023 | December 31,2022 | |
|---|---|---|
| (In Thousands, Except Share Data) | ||
| ASSETS | ||
| Cash and due from banks | $27,457 | $27,747 |
| Interest bearing deposits in other banks | 91,073 | 231,603 |
| Investment securities available for sale, at fair value | 637,936 | 677,029 |
| Marketable equity securities | 13,153 | 10,740 |
| Investment securities held to maturity, at amortized cost | 36,750 | 36,750 |
| Investment in Federal Home Loan Bank stock, at cost | 2,980 | 3,816 |
| Loans held for sale | 31,974 | 27,538 |
| Loans | 1,789,497 | 1,501,785 |
| Allowance for credit losses, loans | (17,270) | (13,838) |
| Net loans | 1,772,227 | 1,487,947 |
| Purchased receivables, net | 36,842 | 19,994 |
| Mortgage servicing rights, at fair value | 19,564 | 18,635 |
| Premises and equipment, net | 40,693 | 37,821 |
| Operating lease right-of-use assets | 9,092 | 9,868 |
| Goodwill | 15,017 | 15,017 |
| Other intangible assets, net | 950 | 967 |
| Other assets | 71,789 | 68,846 |
| Total assets | $2,807,497 | $2,674,318 |
| LIABILITIES | ||
| Deposits: | ||
| Demand | $749,683 | $797,434 |
| Interest-bearing demand | 927,291 | 767,686 |
| Savings | 255,338 | 320,917 |
| Money market | 221,492 | 308,317 |
| Certificates of deposit less than $250,000 | 189,106 | 115,330 |
| Certificates of deposit $250,000 and greater | 142,145 | 77,527 |
| Total deposits | 2,485,055 | 2,387,211 |
| Borrowings | 13,675 | 14,095 |
| Junior subordinated debentures | 10,310 | 10,310 |
| Operating lease liabilities | 9,092 | 9,865 |
| Other liabilities | 54,647 | 34,208 |
| Total liabilities | 2,572,779 | 2,455,689 |
| COMMITMENTS AND CONTINGENCIES (NOTE 18) | ||
| SHAREHOLDERS' EQUITY | ||
| Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding | — | — |
| Common stock, $1 par value, 10,000,000 shares authorized, 5,513,459 and 5,700,728 sharesissued and outstanding at December 31, 2023 and December 31, 2022, respectively | 5,513 | 5,701 |
| Additional paid-in capital | 9,605 | 17,784 |
| Retained earnings | 236,037 | 224,225 |
| Accumulated other comprehensive (loss), net of tax | (16,437) | (29,081) |
| Total shareholders' equity | 234,718 | 218,629 |
| Total liabilities and shareholders' equity | $2,807,497 | $2,674,318 |
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