NORTHRIM BANCORP INC
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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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, 2026 · Filed Oct 30, 2026
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 Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In Thousands) | 2026 | 2025 |
| Operating Activities: | ||
| Net income | $43,425 | $52,167 |
| Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: | ||
| Depreciation and amortization of premises and equipment | 2,560 | 2,660 |
| Depreciation of debt issuance costs | 104 | — |
| Amortization of investment security premium, net of discount accretion | (438) | 43 |
| Unrealized (gain) loss on marketable equity securities | 383 | (108) |
| Deferred tax expense | 1,733 | — |
| Stock-based compensation | 1,211 | 922 |
| Deferred loan fees and amortization, net of costs | (198) | 671 |
| Provision for credit losses | 10,311 | 2,283 |
| Additions to home mortgage servicing rights carried at fair value | (3,728) | (4,280) |
| Change in fair value of home mortgage servicing rights carried at fair value | (528) | 2,923 |
| Change in fair value of commercial servicing rights carried at fair value | 169 | 257 |
| Gain on sale of loans | (12,066) | (11,481) |
| Proceeds from the sale of loans held for sale | 567,209 | 635,967 |
| Origination of loans held for sale | (551,489) | (576,413) |
| Gain on sale by Pacific Wealth Advisors | (292) | (14,211) |
| Net changes in assets and liabilities: | ||
| Increase in accrued interest receivable | (1,443) | (1,349) |
| Decrease in other assets | (12,344) | 16,426 |
| Increase (decrease) in other liabilities | 8,929 | (1,889) |
| Net Cash Provided by Operating Activities | 53,508 | 104,588 |
| Investing Activities: | ||
| Investment in securities: | ||
| Purchases of investment securities available for sale | (205,984) | (54,660) |
| Purchases of marketable equity securities | (5,006) | — |
| Purchases of FHLB stock | (1,765) | (22,031) |
| Purchases of investment securities held to maturity | (21,000) | — |
| Proceeds from calls/maturities of securities available for sale | 188,912 | 123,176 |
| Proceeds from calls of marketable equity securities | — | 481 |
| Proceeds from calls/maturities of securities held to maturity | 10,000 | — |
| Proceeds from redemption of FHLB stock | 1,416 | 20,925 |
| Increase in purchased receivables, net | (983) | (34,021) |
| Increase in loans, net | (215,263) | (191,145) |
| Proceeds from the sale of loans | 68,655 | — |
| Gain on sale of loans | (32) | — |
| Sallyport Commercial Finance, LLC acquisition, net of cash received | — | 144 |
| Purchases of premises and equipment | (4,034) | (3,249) |
| Net Cash (Used) by Investing Activities | (185,084) | (160,380) |
| Financing Activities: | ||
| Increase in deposits | 238,253 | 226,274 |
| (Decrease) increase in borrowings | (338) | (10,129) |
| Proceeds from the issuance of common stock | 483 | 207 |
| Cash dividends paid | (10,898) | (10,604) |
| Net Cash Provided by Financing Activities | 227,500 | 205,748 |
| Net Change in Cash and Cash Equivalents | 95,924 | 149,956 |
| Cash and Cash Equivalents at Beginning of Period | 145,906 | 62,736 |
| Cash and Cash Equivalents at End of Period | $241,830 | $212,692 |
| Supplemental Information: | ||
|---|---|---|
| Income taxes paid | $10,123 | $9,695 |
| Interest paid | $29,219 | $32,207 |
| Noncash commitments to invest in Low Income Housing Tax Credit Partnerships | $— | $13,407 |
| Transfer of loans to other real estate owned | $1,778 | $— |
| Non-cash lease liability arising from obtaining right of use assets | $6,325 | $— |
| Cash dividends declared but not paid | $132 | $145 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.