NORTHRIM BANCORP INC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
NRIM$23.90-0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| (In Thousands, Except Share and Per Share Data) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Interest and Dividend Income | |||
| Interest and fees on loans and loans held for sale | $160,146 | $134,739 | $108,612 |
| Interest on investment securities available for sale | 11,482 | 13,756 | 15,833 |
| Dividends on marketable equity securities | 552 | 876 | 766 |
| Interest on investment securities held to maturity | 1,869 | 1,892 | 1,893 |
| Dividends on Federal Home Loan Bank stock | 586 | 314 | 203 |
| Interest on deposits in other banks | 3,743 | 2,342 | 4,644 |
| Total Interest Income | 178,378 | 153,919 | 131,951 |
| Interest Expense | |||
| Interest expense on deposits | 40,456 | 39,347 | 26,511 |
| Interest expense on borrowings | 1,508 | 986 | 1,784 |
| Interest expense on subordinated debentures | 805 | 403 | 400 |
| Total Interest Expense | 42,769 | 40,736 | 28,695 |
| Net Interest Income | 135,609 | 113,183 | 103,256 |
| Provision for credit losses | 3,910 | 3,293 | 3,842 |
| Net Interest Income After Provision for Credit Losses | 131,699 | 109,890 | 99,414 |
| Other Operating Income | |||
| Mortgage banking income | 25,237 | 24,002 | 12,763 |
| Purchased receivable income | 25,806 | 7,146 | 4,482 |
| Gain on sale by Pacific Wealth Advisors | 14,486 | — | — |
| Bankcard fees | 4,675 | 4,366 | 3,862 |
| Service charges on deposit accounts | 2,986 | 2,348 | 2,044 |
| Unrealized gain on marketable equity securities | 169 | 465 | 120 |
| Gain on sale of available for sale securities, net | 1 | — | — |
| Gain on sale of marketable equity securities, net | — | 112 | — |
| Other income | 3,843 | 3,602 | 3,104 |
| Total Other Operating Income | 77,203 | 42,041 | 26,375 |
| Other Operating Expense | |||
| Salaries and other personnel expense | 78,337 | 67,847 | 61,741 |
| Data processing expense | 13,125 | 10,986 | 9,821 |
| Occupancy expense | 7,822 | 7,609 | 7,394 |
| Professional and outside services | 4,681 | 4,351 | 3,128 |
| Marketing expense | 3,728 | 3,028 | 2,929 |
| Insurance expense | 3,212 | 2,961 | 2,519 |
| Compensation expense - SCF acquisition payments | 2,333 | — | — |
| Intangible asset amortization expense | — | — | 17 |
| OREO (income) expense, net of rental income and gains on sale | (11) | (385) | (794) |
| Other operating expense | 11,156 | 8,540 | 7,426 |
| Total Other Operating Expense | 124,383 | 104,937 | 94,181 |
| Income Before Provision for Income Taxes | 84,519 | 46,994 | 31,608 |
| Provision for income taxes | 19,911 | 10,023 | 6,214 |
| Net Income | $64,608 | $36,971 | $25,394 |
| Earnings Per Share, Basic | $2.92 | $1.68 | $1.13 |
| Earnings Per Share, Diluted | $2.87 | $1.66 | $1.12 |
| Weighted Average Shares Outstanding, Basic | 22,088,891 | 22,011,188 | 22,405,884 |
| Weighted Average Shares Outstanding, Diluted | 22,485,351 | 22,335,932 | 22,645,840 |
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