NORTHRIM BANCORP INC
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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, 20 and
December 31, 2024 and 2023
| December 31,2024 | December 31,2023 | |
|---|---|---|
| (In Thousands, Except Share Data) | ||
| ASSETS | ||
| Cash and due from banks | $42,101 | $27,457 |
| Interest bearing deposits in other banks | 20,635 | 91,073 |
| Investment securities available for sale, at fair value | 478,617 | 637,936 |
| Marketable equity securities | 8,719 | 13,153 |
| Investment securities held to maturity, at amortized cost | 36,750 | 36,750 |
| Investment in Federal Home Loan Bank stock, at cost | 5,331 | 2,980 |
| Loans held for sale | 59,957 | 31,974 |
| Loans | 2,129,263 | 1,789,497 |
| Allowance for credit losses, loans | (22,020) | (17,270) |
| Net loans | 2,107,243 | 1,772,227 |
| Purchased receivables, net | 74,078 | 36,842 |
| Mortgage servicing rights, at fair value | 26,439 | 19,564 |
| Premises and equipment, net | 37,757 | 40,693 |
| Operating lease right-of-use assets | 7,455 | 9,092 |
| Goodwill | 50,018 | 15,017 |
| Other intangible assets, net | 950 | 950 |
| Other assets | 85,819 | 71,789 |
| Total assets | $3,041,869 | $2,807,497 |
| LIABILITIES | ||
| Deposits: | ||
| Demand | $706,225 | $749,683 |
| Interest-bearing demand | 1,108,404 | 927,291 |
| Savings | 250,900 | 255,338 |
| Money market | 196,290 | 221,492 |
| Certificates of deposit less than $250,000 | 201,296 | 189,106 |
| Certificates of deposit $250,000 and greater | 217,074 | 142,145 |
| Total deposits | 2,680,189 | 2,485,055 |
| Borrowings | 23,045 | 13,675 |
| Junior subordinated debentures | 10,310 | 10,310 |
| Operating lease liabilities | 7,487 | 9,092 |
| Other liabilities | 53,722 | 54,647 |
| Total liabilities | 2,774,753 | 2,572,779 |
| COMMITMENTS AND CONTINGENCIES (NOTE 19) | ||
| 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, 5,518,210 and 5,513,459 sharesissued and outstanding at December 31, 2024 and December 31, 2023, respectively | 5,518 | 5,513 |
| Additional paid-in capital | 9,311 | 9,605 |
| Retained earnings | 259,311 | 236,037 |
| Accumulated other comprehensive (loss), net of tax | (7,024) | (16,437) |
| Total shareholders' equity | 267,116 | 234,718 |
| Total liabilities and shareholders' equity | $3,041,869 | $2,807,497 |
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