NORTHRIM BANCORP INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
NRIM$23.93+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders' Equity
| Common Stock · Additional Paid-in Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss), net of Tax · Total | ||||||
|---|---|---|---|---|---|---|
| Number of Shares · Par Value | ||||||
| (In Thousands) | ||||||
| Balance as of January 1, 2023 | 5,701 | $5,701 | $17,784 | $224,225 | ($29,081) | $218,629 |
| Cash dividend on common stock ($0.60 per share) | — | — | — | (3,444) | — | (3,444) |
| Stock-based compensation expense | — | — | 140 | — | — | 140 |
| Repurchase of common stock | (28) | (28) | (1,299) | — | — | (1,327) |
| Other comprehensive gain, net of tax | — | — | — | — | 5,597 | 5,597 |
| Net income | — | — | — | 4,830 | — | 4,830 |
| Balance as of March 31, 2023 | 5,673 | $5,673 | $16,625 | $225,611 | ($23,484) | $224,425 |
| Cash dividend on common stock ($0.60 per share) | — | — | — | (3,432) | — | (3,432) |
| Stock-based compensation expense | — | — | 225 | — | — | 225 |
| Repurchase of common stock | (62) | (62) | (2,439) | — | — | (2,501) |
| Other comprehensive loss, net of tax | — | — | — | — | (2,958) | (2,958) |
| Net income | — | — | — | 5,577 | — | 5,577 |
| Balance as of June 30, 2023 | 5,611 | $5,611 | $14,411 | $227,756 | ($26,442) | $221,336 |
| Cash dividend on common stock ($0.60 per share) | — | — | — | (3,384) | — | (3,384) |
| Stock-based compensation expense | — | — | 254 | — | — | 254 |
| Exercise of stock options and vesting of restricted stock units, net | — | — | (12) | — | — | (12) |
| Repurchase of common stock | (63) | (63) | (2,648) | — | — | (2,711) |
| Other comprehensive gain, net of tax | — | — | — | — | 1,402 | 1,402 |
| Net income | — | — | — | 8,374 | — | 8,374 |
| Balance as of September 30, 2023 | 5,548 | $5,548 | $12,005 | $232,746 | ($25,040) | $225,259 |
| Cash dividend on common stock ($0.60 per share) | — | — | — | (3,322) | — | (3,322) |
| Stock-based compensation expense | — | — | 318 | — | — | 318 |
| Exercise of stock options and vesting of restricted stock units, net | 21 | 21 | (269) | — | — | (248) |
| Repurchase of common stock | (56) | (56) | (2,449) | — | — | (2,505) |
| Other comprehensive gain, net of tax | — | — | — | — | 8,603 | 8,603 |
| Net income | — | — | — | 6,613 | — | 6,613 |
| Balance as of December 31, 2023 | 5,513 | $5,513 | $9,605 | $236,037 | ($16,437) | $234,718 |
Consolidated Statements of Changes in Shareholders’ Equity
(Continued)
| Common Stock · Additional Paid-in Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss), net of Tax · Total | ||||||
|---|---|---|---|---|---|---|
| Number of Shares · Par Value | ||||||
| (In Thousands) | ||||||
| Balance as of January 1, 2024 | 5,513 | $5,513 | $9,605 | $236,037 | ($16,437) | $234,718 |
| Cash dividend on common stock ($0.61 per share) | — | — | — | (3,388) | — | (3,388) |
| Stock-based compensation expense | — | — | 208 | — | — | 208 |
| Exercise of stock options and vesting of restricted stock units, net | 1 | 1 | (27) | — | — | (26) |
| Repurchase of common stock | (14) | (14) | (774) | — | — | (788) |
| Other comprehensive gain, net of tax | — | — | — | — | 404 | 404 |
| Net income | — | — | — | 8,199 | — | 8,199 |
| Balance as of March 31, 2024 | 5,500 | $5,500 | $9,012 | $240,848 | ($16,033) | $239,327 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.