NORTHRIM BANCORP INC

For the period ended Sep 30, 2025. Filed Oct 27, 2025.

About 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.

Sep 30, 2025 · Filed Oct 27, 2025

NRIM$23.90-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Three Months Ended · Nine Months Ended
	September 30,		September 30,
(In Thousands, Except Per Share Data)	2025	2024	2025	2024
Interest and Dividend Income
Interest and fees on loans and loans held for sale	$41,142	$34,863	$119,131	$97,680
Interest on investment securities available for sale	2,723	3,408	8,701	10,682
Dividends on marketable equity securities	124	209	415	679
Interest on investment securities held to maturity	473	467	1,419	1,419
Dividends on Federal Home Loan Bank stock	192	80	417	214
Interest on deposits in other banks	1,324	389	2,255	1,459
Total Interest and Dividend Income	45,978	39,416	132,338	112,133
Interest Expense
Interest expense on deposits	10,139	10,123	30,378	28,779
Interest expense on borrowings	399	357	1,445	729
Interest expense on junior subordinated debentures	94	94	280	283
Total Interest Expense	10,632	10,574	32,103	29,791
Net Interest Income	35,346	28,842	100,235	82,342
Provision for credit losses	1,716	2,063	2,283	2,092
Net Interest Income After Provision for Credit Losses	33,630	26,779	97,952	80,250
Other Operating Income
Gain on sale by Pacific Wealth Advisors	14,211	—	14,211	—
Mortgage banking income	7,273	7,047	18,924	16,962
Purchased receivable income	7,269	1,033	19,316	3,620
Bankcard fees	1,229	1,196	3,456	3,218
Service charges on deposit accounts	796	605	2,199	1,726
Unrealized gain on marketable equity securities	80	576	108	830
Other income	381	1,130	2,705	2,652
Total Other Operating Income	31,239	11,587	60,919	29,008
Other Operating Expense
Salaries and other personnel expense	19,432	17,549	57,509	49,593
Data processing expense	3,240	2,618	9,710	7,878
Occupancy expense	1,921	1,911	5,914	5,716
Professional and outside services	1,112	903	3,340	2,384
Insurance expense	802	596	2,575	2,067
Compensation expense - Sallyport acquisition payments	600	—	1,800	—
Marketing expense	508	860	2,222	2,063
OREO expense, net rental income and gains on sale	(16)	2	(11)	(387)
Other expense	2,701	2,289	7,900	6,246
Total Other Operating Expense	30,300	26,728	90,959	75,560
Income Before Provision for Income Taxes	34,569	11,638	67,912	33,698
Provision for income taxes	7,504	2,813	15,745	7,654
Net Income	$27,065	$8,825	$52,167	$26,044
Earnings Per Share, Basic	$1.23	$0.40	$2.36	$1.18
Earnings Per Share, Diluted	$1.20	$0.39	$2.32	$1.17
Weighted Average Common Shares Outstanding, Basic	22,090,668	22,007,772	22,085,968	22,002,812
Weighted Average Common Shares Outstanding, Diluted	22,502,680	22,332,220	22,466,554	22,296,540

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.