NRIM on Nasdaq
NORTHRIM BANCORP INC
American savings institution company based in Anchorage, incorporated in Alaska2
In its 2026 annual report the company says: “We are a publicly traded bank holding company headquartered in Anchorage, Alaska. The Company’s common stock trades on the Nasdaq Global Select Stock Market under the symbol, “NRIM. We began banking operations in Anchorage in December 1990, and formed the Company as an Alaska corporation in connection with our reorganization into a holding company structure; that reorganization was completed effective December 31, 2001.”5
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Last updated Oct 20, 2026.
Overview
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- TickerNRIM on Nasdaq2
- IndustrySavings Institution, Federally Chartered2
- HeadquartersAnchorage, United States2
- Incorporated inAK3
- Business addressP O Box 241489, Anchorage, Ak 99524-14893
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI5493006X7RLLTZ3SG0752
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O AMBER ZINS, 99503 Anchorage, United States2
- Registered withDivision of Corporations, Business and Professional Licensing of the Department of Commerce, Community and Economic Development, 72451D2
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In this document, please note that references to "we", "our", "us", or the "Company" mean Northrim BanCorp, Inc. and its subsidiaries, unless the context suggests otherwise.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Credit and Debit Card brought in 61% of the revenue NORTHRIM BANCORP INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Credit and Debit Card | $3.9M | $4.4M | $4.7M |
| Deposit Account | $2.0M | $2.3M | $3.0M |
Business segments
Community Banking brought in 71% of the revenue NORTHRIM BANCORP INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Community Banking | $131.0M | $147.5M | $183.6M |
| Home Mortgage Lending | $23.8M | $44.1M | $46.3M |
| Specialty Finance | $4.9M | $8.0M | $28.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs67¢$171.1M
- Income tax8¢$19.9M
- Profit25¢$64.6M
Out of $255.6M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$5.5M
- Dividends paid10¢$14.5M
- Kept or used elsewhere86¢$119.3M
Out of $139.3M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and fees on loans and loans held for sale | $160.1M | $134.7M | $108.6M |
| Interest on investment securities available for sale | $11.5M | $13.8M | $15.8M |
| Dividends on marketable equity securities | $552.0K | $876.0K | $766.0K |
| Interest on investment securities held to maturity | $1.9M | $1.9M | $1.9M |
| Dividends on Federal Home Loan Bank stock | $586.0K | $314.0K | $203.0K |
| Interest on deposits in other banks | $3.7M | $2.3M | $4.6M |
| Total Interest Income | $178.4M | $153.9M | $132.0M |
| Interest expense on deposits | $40.5M | $39.3M | $26.5M |
| Interest expense on borrowings | $1.5M | $986.0K | $1.8M |
| Interest expense on subordinated debentures | $805.0K | $403.0K | $400.0K |
| Total Interest Expense | $42.8M | $40.7M | $28.7M |
| Net Interest Income | $135.6M | $113.2M | $103.3M |
| Provision for credit losses | $3.9M | $3.3M | $3.8M |
| Net Interest Income After Provision for Credit Losses | $131.7M | $109.9M | $99.4M |
| Mortgage banking income | $25.2M | $24.0M | $12.8M |
| Purchased receivable income | $25.8M | $7.1M | $4.5M |
| Gain on sale by Pacific Wealth Advisors | $14.5M | $0 | $0 |
| Unrealized gain on marketable equity securities | $169.0K | $465.0K | $120.0K |
| Gain on sale of available for sale securities, net | $1.0K | $0 | $0 |
| Gain on sale of marketable equity securities, net | $0 | $112.0K | $0 |
| Other income | $3.8M | $3.6M | $3.1M |
| Total Other Operating Income | $77.2M | $42.0M | $26.4M |
| Salaries and other personnel expense | $78.3M | $67.8M | $61.7M |
| Data processing expense | $13.1M | $11.0M | $9.8M |
| Occupancy expense | $7.8M | $7.6M | $7.4M |
| Professional and outside services | $4.7M | $4.4M | $3.1M |
| Marketing expense | $3.7M | $3.0M | $2.9M |
| Insurance expense | $3.2M | $3.0M | $2.5M |
| Compensation expense - SCF acquisition payments | $2.3M | $0 | $0 |
| Intangible asset amortization expense | $0 | $0 | $17.0K |
| OREO (income) expense, net of rental income and gains on sale | -$11.0K | -$385.0K | -$794.0K |
| Other operating expense | $11.2M | $8.5M | $7.4M |
| Total Other Operating Expense | $124.4M | $104.9M | $94.2M |
| Income Before Provision for Income Taxes | $84.5M | $47.0M | $31.6M |
| Provision for income taxes | $19.9M | $10.0M | $6.2M |
| Net Income | $64.6M | $37.0M | $25.4M |
| Earnings Per Share, Basic (in USD per share) | $2.92 | $1.68 | $1.13 |
| Earnings Per Share, Diluted (in USD per share) | $2.87 | $1.66 | $1.12 |
| Weighted Average Shares Outstanding, Basic (in shares) | 22.1M shares | 22.0M shares | 22.4M shares |
| Weighted Average Shares Outstanding, Diluted (in shares) | 22.5M shares | 22.3M shares | 22.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and due from banks | $36.0M | $42.1M | |||
| Interest bearing deposits in other banks | $109.9M | $20.6M | |||
| Marketable equity securities | $8.4M | $8.7M | |||
| Investment securities available for sale, at fair value | $420.7M | $478.6M | |||
| Investment securities held to maturity, at amortized cost | $26.8M | $36.8M | |||
| Investment in Federal Home Loan Bank stock | $6.8M | $5.3M | |||
| Loans held for sale | $100.3M | $60.0M | $32.0M | ||
| Loans | $2.3B | $2.1B | |||
| Allowance for credit losses, loans | -$23.7M | -$22.0M | -$17.3M | ||
| Net loans | $2.3B | $2.1B | |||
| Purchased receivables, net | $101.6M | $74.1M | $36.8M | ||
| Premises and equipment, net | $39.7M | $37.8M | |||
| Operating lease right-of-use assets | $5.9M | $7.5M | |||
| Goodwill | $49.9M | $50.0M | $15.0M | ||
| Other intangible assets, net | $950.0K | $950.0K | |||
| Other assets | $84.2M | $85.8M | |||
| Total assets | $3.3B | $3.0B | $2.8B | ||
| Demand | $721.9M | $706.2M | |||
| Interest-bearing demand | $1.2B | $1.1B | |||
| Savings | $250.0M | $250.9M | |||
| Money market | $195.8M | $196.3M | |||
| Certificates of deposit less than $250,000 | $104.5M | $201.3M | |||
| Certificates of deposit $250,000 and greater | $298.3M | $217.1M | |||
| Total deposits | $2.8B | $2.7B | |||
| Borrowings | $12.8M | $23.0M | |||
| Subordinated debentures | $68.9M | $10.3M | |||
| Operating lease liabilities | $5.9M | $7.5M | |||
| Other liabilities | $63.0M | $53.7M | |||
| Total liabilities | $3.0B | $2.8B | |||
| Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding | $0 | $0 | |||
| Common stock, $0.25 par value, 40,000,000 shares authorized, 22,111,637 and 22,072,840 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $5.5M | $5.5M | |||
| Additional paid-in capital | $10.8M | $9.3M | |||
| Retained earnings | $309.6M | $259.3M | |||
| Accumulated other comprehensive income (loss), net of tax | $619.0K | -$7.0M | |||
| Total shareholders' equity | $326.5M | $267.1M | $234.7M | $218.6M | |
| Total liabilities and shareholders' equity | $3.3B | $3.0B | |||
| Preferred stock, par value (in USD per share) | $1.00 | $1.00 | |||
| Preferred stock, shares authorized (in shares) | 2.5M shares | 2.5M shares | |||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in USD per share) | $0.25 | $0.25 | $0.25 | ||
| Common stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | 40.0M shares | ||
| Common stock, shares issued (in shares) | 22.1M shares | 22.1M shares | |||
| Common stock, shares outstanding (in shares) | 22.1M shares | 22.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and due from banks | $36.0M | $42.1M | |||
| Interest bearing deposits in other banks | $109.9M | $20.6M | |||
| Marketable equity securities | $8.4M | $8.7M | |||
| Investment securities available for sale, at fair value | $420.7M | $478.6M | |||
| Investment securities held to maturity, at amortized cost | $26.8M | $36.8M | |||
| Investment in Federal Home Loan Bank stock | $6.8M | $5.3M | |||
| Loans held for sale | $100.3M | $60.0M | $32.0M | ||
| Loans | $2.3B | $2.1B | |||
| Allowance for credit losses, loans | -$23.7M | -$22.0M | -$17.3M | ||
| Net loans | $2.3B | $2.1B | |||
| Purchased receivables, net | $101.6M | $74.1M | $36.8M | ||
| Premises and equipment, net | $39.7M | $37.8M | |||
| Operating lease right-of-use assets | $5.9M | $7.5M | |||
| Goodwill | $49.9M | $50.0M | $15.0M | ||
| Other intangible assets, net | $950.0K | $950.0K | |||
| Other assets | $84.2M | $85.8M | |||
| Total assets | $3.3B | $3.0B | $2.8B | ||
| Demand | $721.9M | $706.2M | |||
| Interest-bearing demand | $1.2B | $1.1B | |||
| Savings | $250.0M | $250.9M | |||
| Money market | $195.8M | $196.3M | |||
| Certificates of deposit less than $250,000 | $104.5M | $201.3M | |||
| Certificates of deposit $250,000 and greater | $298.3M | $217.1M | |||
| Total deposits | $2.8B | $2.7B | |||
| Borrowings | $12.8M | $23.0M | |||
| Subordinated debentures | $68.9M | $10.3M | |||
| Operating lease liabilities | $5.9M | $7.5M | |||
| Other liabilities | $63.0M | $53.7M | |||
| Total liabilities | $3.0B | $2.8B | |||
| Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding | $0 | $0 | |||
| Common stock, $0.25 par value, 40,000,000 shares authorized, 22,111,637 and 22,072,840 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $5.5M | $5.5M | |||
| Additional paid-in capital | $10.8M | $9.3M | |||
| Retained earnings | $309.6M | $259.3M | |||
| Accumulated other comprehensive income (loss), net of tax | $619.0K | -$7.0M | |||
| Total shareholders' equity | $326.5M | $267.1M | $234.7M | $218.6M | |
| Total liabilities and shareholders' equity | $3.3B | $3.0B | |||
| Preferred stock, par value (in USD per share) | $1.00 | $1.00 | |||
| Preferred stock, shares authorized (in shares) | 2.5M shares | 2.5M shares | |||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in USD per share) | $0.25 | $0.25 | $0.25 | ||
| Common stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | 40.0M shares | ||
| Common stock, shares issued (in shares) | 22.1M shares | 22.1M shares | |||
| Common stock, shares outstanding (in shares) | 22.1M shares | 22.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $64.6M | $37.0M | $25.4M |
| Gain on sale of securities, net | -$1.0K | -$112.0K | $0 |
| Depreciation and amortization of premises | $3.5M | $3.6M | $3.3M |
| Amortization of debt issuance costs | $14.0K | $0 | $0 |
| Intangible asset amortization | $0 | $0 | $17.0K |
| Amortization of investment security premium, net of discount accretion | -$37.0K | $368.0K | $483.0K |
| Unrealized (gain) on marketable equity securities | -$169.0K | -$465.0K | -$120.0K |
| Deferred tax (income) expense | -$1.5M | -$152.0K | $580.0K |
| Stock-based compensation | $1.7M | $913.0K | $937.0K |
| Deferral of loan fees and amortization, net of costs | $977.0K | $631.0K | -$54.0K |
| Provision for credit losses | $3.9M | $3.3M | $3.8M |
| Origination of home mortgage servicing rights carried at fair value | -$4.8M | -$4.7M | -$3.6M |
| Purchases of home mortgage servicing rights carried at fair value | $0 | -$2.3M | $0 |
| Change in fair value of home mortgage servicing rights carried at fair value | $3.8M | $201.0K | $2.7M |
| Change in fair value of commercial servicing rights carried at fair value | $334.0K | $52.0K | $62.0K |
| Gain on sale of loans | -$16.8M | -$14.0M | -$7.8M |
| Proceeds from the sale of loans held for sale | $851.9M | $595.2M | $379.5M |
| Origination of loans held for sale | -$776.0M | -$609.2M | -$376.2M |
| Gain on sale of other real estate owned | $0 | -$392.0K | -$929.0K |
| Impairment on other real estate owned | $0 | $0 | $123.0K |
| Gain on sale of Pacific Wealth Advisors | -$14.5M | $0 | $0 |
| Decrease (increase) in accrued interest receivable | -$1.0M | $456.0K | -$2.0M |
| Decrease (increase) in other assets | $23.5M | -$13.5M | $5.3M |
| (Decrease) increase in other liabilities | -$64.0K | -$5.5M | $7.2M |
| Net Cash Provided (Used) by Operating Activities | $139.3M | -$8.7M | $38.8M |
| Purchases of investment securities available for sale | -$96.4M | -$49.5M | -$26.0M |
| Purchases of marketable equity securities | $0 | -$2.0M | -$2.3M |
| Purchases of FHLB stock | -$22.6M | -$32.4M | -$5.7M |
| Proceeds from sales/calls/maturities of securities available for sale | $165.4M | $221.2M | $82.4M |
| Proceeds from sales of marketable equity securities | $481.0K | $7.0M | $0 |
| Proceeds from calls/maturities of securities held to maturity | $10.0M | $0 | $0 |
| Proceeds from redemption of FHLB stock | $21.2M | $30.0M | $6.5M |
| (Increase) decrease in purchased receivables, net | -$27.6M | $10.7M | -$16.8M |
| Increase in loans, net | -$268.5M | -$341.8M | -$287.9M |
| Proceeds from sale of other real estate owned | $0 | $392.0K | $1.1M |
| Sallyport Commercial Finance, LLC acquisition, net of cash received | $144.0K | -$40.7M | $0 |
| Purchases of premises and equipment | -$5.5M | -$620.0K | -$6.2M |
| Net Cash Used by Investing Activities | -$223.4M | -$197.6M | -$254.9M |
| Increase (decrease) in deposits | $132.8M | $195.1M | $97.8M |
| Proceeds from borrowings | $562.9M | $697.6M | $194.5M |
| Repayments of borrowings | -$573.1M | -$728.4M | -$194.9M |
| Proceeds from the issuance of subordinated debt | $60.0M | $0 | $0 |
| Payment of debt issuance costs | -$1.4M | $0 | $0 |
| Proceeds from the issuance of common stock | $609.0K | $801.0K | $555.0K |
| Repurchase of common stock | $0 | -$789.0K | -$9.0M |
| Cash dividends paid | -$14.5M | -$13.8M | -$13.6M |
| Net Cash Provided by Financing Activities | $167.3M | $150.6M | $75.3M |
| Net Change in Cash and Cash Equivalents | $83.2M | -$55.8M | -$140.8M |
| Income taxes paid | $17.6M | $6.7M | $2.0M |
| Interest paid | $42.6M | $40.5M | $28.5M |
| Noncash commitments to invest in Low Income Housing Tax Credit Partnerships | $13.4M | $0 | $14.3M |
| Transfer of loans to other real estate owned | $0 | $0 | $273.0K |
| Non-cash lease liability arising from obtaining right of use assets | $0 | $250.0K | $423.0K |
| Assets acquired | $0 | $66.1M | $0 |
| Liabilities assumed | $0 | -$41.3M | $0 |
| Pre-existing debt settlement | $0 | $12.0M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
NORTHRIM BANCORP INC sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NORTHRIM BANCORP INC
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on NORTHRIM BANCORP INC, latest Jul 31, 2026 (2 filings since Apr 30, 2026)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on NORTHRIM BANCORP INC, latest Mar 27, 2026 (3 filings since Feb 13, 2024)
- BlackRock Portfolio Management LLC Filed SCHEDULE 13G/A on NORTHRIM BANCORP INC, latest Oct 17, 2025 (2 filings since Apr 15, 2025)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on NORTHRIM BANCORP INC, latest Oct 9, 2025 (5 filings since Feb 8, 2022)
- AltraVue Capital, LLC Filed SC 13G/A on NORTHRIM BANCORP INC, latest Sep 5, 2023 (3 filings since Feb 8, 2022)
- NORTHRIM BANCORP INC Anchorage, Alaska, United States
- Northrim Bank Subsidiary · Anchorage, Alaska, United States
- Northrim Investment Services Company Subsidiary · Alaska, United States
- Northrim Statutory Trust 2 Subsidiary · Connecticut, United States
- RESIDENTIAL MORTGAGE, LLC Subsidiary · Anchorage, Alaska, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NORTHRIM BANCORP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $82.0M6 Dec 31, 2025 | $76.5M6 Dec 31, 2024 | +7.1% |
| Accumulated depreciation | $42.3M6 Dec 31, 2025 | $38.8M6 Dec 31, 2024 | +9.0% |
| Property and equipment, net | $39.7M6 Dec 31, 2025 | $37.8M6 Dec 31, 2024 | +5.1% |
| Operating-lease assets (leased space) | $5.9M6 Dec 31, 2025 | $7.5M6 Dec 31, 2024 | −20.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Equity securities at fair value | $8.4M6 Dec 31, 2025 | $8.7M6 Dec 31, 2024 | −3.8% |
| Stakes in other companies (equity method) | $06 Dec 31, 2025 | $1.2M6 Dec 31, 2024 | −100.0% |
| Loans, net of allowance | $2.3B6 Dec 31, 2025 | $2.1B6 Dec 31, 2024 | +7.8% |
| Deposits held (banks) | $2.8B6 Dec 31, 2025 | $2.7B6 Dec 31, 2024 | +5.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $49.9M6 Dec 31, 2025 | $50.0M6 Dec 31, 2024 | −0.3% |
| Intangible assets, net (excluding goodwill) | $950.0K6 Dec 31, 2025 | $950.0K6 Dec 31, 2024 | 0% |
| Trademarks and trade names (indefinite-lived) | $950.0K6 Dec 31, 2025 | $950.0K6 Dec 31, 2024 | 0% |
Properties, in its own words
The following sets forth information about our Community Banking branch locations:
Locations · Type · Leased/Owned
The rest of Item 2
Midtown Financial Center: Northrim Headquarters3111 C Street, Anchorage, AK · Traditional · Land partially leased, partially owned, building owned
SouthSide Financial Center8730 Old Seward Highway, Anchorage, AK · Traditional · Land leased, building owned
Lake Otis Community Branch2270 East 37th Avenue, Anchorage, AK · Traditional · Land leased, building owned
Huffman Branch1501 East Huffman Road, Anchorage, AK · In-store · Leased
Jewel Lake Branch4000 W. Dimond Boulevard, Suite No. 02, Anchorage, AK · Traditional · Leased
Seventh Avenue Branch517 West Seventh Avenue, Suite 300, Anchorage, AK · Traditional · Leased
Eastside Community Branch7905 Creekside Center Drive, Suite 100, Anchorage, AK · Traditional · Leased
West Anchorage Branch2709 Spenard Road, Anchorage, AK · Traditional · Leased
Eagle River Branch12812 Old Glenn Highway, Suite C03, Eagle River, AK · Traditional · Leased
Fairbanks West Community Branch3637 Airport Way, Suite 110, Fairbanks, AK · Traditional · Leased
Fairbanks Financial Center360 Merhar Avenue, Fairbanks, AK · Traditional · Owned
Wasilla Financial Center850 E. USA Circle, Suite A, Wasilla, AK · Traditional · Owned
Soldotna Financial Center44384 Sterling Highway, Suite 101, Soldotna, AK · Traditional · Leased
Juneau Financial Center2094 Jordan Avenue, Juneau, AK · Traditional · Leased
Juneau Downtown Branch301 North Franklin Street, Juneau, AK · Traditional · Leased
Sitka Financial Center315 Lincoln Street, Suite 206, Sitka, AK · Traditional · Leased
Ketchikan Financial Center2491 Tongass Avenue, Ketchikan, AK · Traditional · Owned
Nome Financial Center306 W. 5th Avenue, Suite C, Nome, AK · Traditional · Leased
Kodiak Financial Center2695 Mill Bay Road, Kodiak, AK · Traditional · Owned
Homer Financial Center601 E. Pioneer Avenue, Suite 211, Homer, AK · Traditional · Leased
Palmer Financial Center585 S. Valley Way, Palmer, AK · Traditional - expected to open in 2026 · Leased
The following sets forth information about our Home Mortgage Lending branch locations, operated by RML:
Locations · Leased/Owned
Main Office at Centerpoint3700 Centerpoint Drive, Suite 500, Anchorage, AK · Leased
Fairbanks Office324 Old Steese Highway, Suite 7, Fairbanks, AK · Leased
Kodiak Office2695 Mill Bay Road, Kodiak, AK · Leased
Soldotna Office44384 Sterling Highway, Suite 102, Soldotna, AK · Leased
Wasilla Northrim Branch850 E USA Circle, Suite B, Wasilla, AK · Leased
Glendale Office17505 N. 79th Avenue, Suite 411, Glendale, AZ · Leased
Longmont Office601 S Bowen Street, Suite 119, Longmont, CO 80501 · Leased
Meridian Office2541 E. Gala Street, Suite 200, Meridian, ID · Leased
Grants Pass Office1539 NE F Street, Grants Pass, OR · Leased
Portland Office5933 NE Win Sivers Drive, Suite 205, Office 244, Portland, OR · Leased
Scottsdale Office7047 E. Greenway Parkway, Suite 220, Scottsdale, AZ · Leased
Vancouver Office1706 D Street, Suite A, Vancouver, WA · Leased
The following sets forth information about our Specialty Finance locations, operated by NFS and SCF:
Locations · Leased/Owned
Northrim Funding Services170 120th Avenue NE, Bellevue, WA · Leased
Sallyport - Canadian Office2233 Argentia Road, East Tower, Suite 302, Mississauga, L5N 2X7, Ontario, Canada · Leased
Sallyport - California Office4580 E. Thousand Oaks Blvd., Suite 380, Westlake Village, CA · Leased
Sallyport - Texas Office14100 Southwest Fwy, Suite 210, Sugar Land, TX · Leased
Item 2 of the 10-K filed Mar 6, 2026.5
Leadership
Who has led NORTHRIM BANCORP INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerMichael G. Huston Apr 8, 2024 to now15
- Chief executive officerJoseph M. Schierhorn Nov 17, 2017 to Mar 29, 202416
- Chief executive officerJoseph M. Beedle Feb 18, 2015 to Feb 13, 201717
- Chief executive officerMarc Langland Nov 3, 2006 to Nov 18, 201418
- ChairMichael G. Huston Mar 25, 2026 to now19
- ChairJoseph M. Schierhorn Nov 21, 2024 to Mar 25, 202620
- ChairJoseph M. Beedle Feb 4, 2016 to Jan 2, 201821
- ChairMarc Langland Nov 3, 2006 to Nov 18, 201418
- PresidentMichael G. Huston Apr 8, 2024 to now15
- PresidentJoseph M. Schierhorn Nov 17, 2017 to Mar 29, 202416
- PresidentJoseph M. Beedle Feb 18, 2015 to Feb 13, 201717
- PresidentMarc Langland Nov 3, 2006 to Nov 18, 201418
- Chief financial officerJed W. Ballard Jan 4, 2018 to now22
- Chief financial officerLatosha M. Dickinson May 23, 2014 to Nov 21, 201723
- Chief financial officerJoseph M. Schierhorn May 9, 2006 to May 5, 201424
- Chief operating officerAmber Rose Zins Jun 1, 2026 to now25
- Chief operating officerMichael G. Huston Apr 8, 2024 to Jun 1, 202615
- Chief operating officerJoseph M. Schierhorn Oct 25, 2013 to Mar 29, 202426
- Chief operating officerChristopher N. Knudson Sep 6, 2006 to Nov 28, 201227
Board members and other officers (28)
- EVP, CBO of Northrim BankJason Alexander Criqui Jun 1, 2026 to now28
- EVP, CCO of Northrim BankMark Douglas Edwards Jun 1, 2026 to now29
- EVP, CIO of Northrim BankNathan Timothy Reed Jun 1, 2026 to now30
- EVP, Gen Counsel & Corp SecMichael A. Martin May 30, 2017 to Mar 4, 202131
- EVP, Quality Assurance OfficerSteven L. Hartung Jan 22, 2008 to Jan 5, 201732
- EVP, Chief Lending OfficerJoseph M. Beedle May 25, 2006 to Nov 21, 201433
- Sr. VP & Sr. Credit OfficerVictor P. Mollozzi Aug 15, 2006 to Dec 12, 200634
- SVP, Exec. Loan MgrRobert L. Shake Dec 11, 2006 to Dec 11, 200635
- Board memberShauna Hegna Dec 17, 2024 to now36
- Board memberMarilyn Romano Feb 6, 2023 to now37
- Board memberJoseph Marushack Feb 4, 2021 to now38
- Board memberAaron Michael Schutt Dec 10, 2018 to now39
- Board memberJoseph M. Schierhorn Jul 13, 2016 to Mar 29, 202440
- Board memberMurphy Krystal Nelson Jun 1, 2015 to now41
- Board memberKarl L. Hanneman Mar 25, 2014 to now42
- Board memberLinda C. Thomas Apr 10, 2014 to now43
- Board memberJoseph M. Beedle Nov 18, 2013 to Nov 20, 201544
- Board memberDavid J. McCambridge Aug 30, 2011 to now45
- Board memberIrene Sparks Rowan May 15, 2006 to Aug 29, 201446
- Board memberAnthony Drabek May 16, 2006 to now47
- Board memberRichard L. Lowell May 16, 2006 to Aug 29, 201448
- Board memberFrank A. Danner May 24, 2006 to May 29, 200749
- Board memberJohn C. Swalling May 24, 2006 to now50
- Board memberMark G. Copeland May 24, 2006 to Jun 1, 201651
- Board memberRonald A. Davis Jun 8, 2006 to Aug 27, 201452
- Board memberLarry S. Cash Jun 19, 2006 to Dec 15, 202253
- Board memberChristopher N. Knudson Sep 6, 2006 to Nov 28, 201227
- Board memberDavid G. Wight Sep 7, 2006 to May 4, 202354
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Northrim Bank Alaska4
- Northrim Investment Services Company Alaska4
- Northrim Statutory Trust 2 Connecticut4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 15, 20268-K Results of operations; Impairment; Other events56
- Jul 23, 20268-K Results of operations57
- Jul 23, 20268-K Entered a material agreement; Regulation FD disclosure58
- Jun 1, 20268-K Shareholder vote59
- Apr 22, 20268-K Results of operations60
- Jan 23, 20268-K Results of operations61
- Jan 2, 20268-K Executive or director change62
- Nov 26, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure63
- Oct 22, 20258-K Results of operations64
- Sep 19, 20258-K Bylaws or fiscal year changed65
- Aug 25, 20258-K Executive or director change66
- Aug 25, 20258-K Other events67
- Apr 8, 2024New chief executive Michael G. Huston becomes CEO15
- Nov 17, 2017New chief executive Joseph M. Schierhorn becomes CEO16
- Feb 18, 2015New chief executive Joseph M. Beedle becomes CEO17
- Nov 3, 2006New chief executive Marc Langland becomes CEO18
- Mar 1, 2001Founded NORTHRIM BANCORP INC is founded2
Calendar
Coming up
- Around Jan 7, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Oct 15, 2026Reported quarterly or annual results56
- Jul 23, 2026Reported quarterly or annual results57
- Apr 22, 2026Reported quarterly or annual results60
- Jan 23, 2026Reported quarterly or annual results61
- Oct 22, 2025Reported quarterly or annual results64
- Jul 23, 2025Reported quarterly or annual results68
- Apr 23, 2025Reported quarterly or annual results69
- Jan 27, 2025Reported quarterly or annual results70
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
233 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 106 insider forms, 20 large holders, 1 private raises, 36 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Sep 17, 2026EFFECT EDGAR
- Sep 17, 2026424B3 EDGAR
- Sep 15, 2026S-4/A EDGAR
- Sep 8, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 27, 2026144 EDGAR
- Aug 26, 2026S-4 EDGAR
- Aug 3, 20264 EDGAR
- Aug 3, 2026144 EDGAR
- Aug 3, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 31, 202610-Q EDGAR
- Jul 28, 2026144 EDGAR
- Jul 23, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
The 233 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
51 open-market trades by officers, directors and large owners since October 2021: 41 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Thomas Linda CDirector | Buy | 1,200 | $26.20 | $31.4K | Form 4 |
| Aug 31, 2026 | DRABEK ANTHONYDirector | Sale | 1,200 | $25.52 | $30.6K | Form 4 |
| Aug 28, 2026 | Ballard Jed WEVP, CFO | Sale | 3,492 | $25.91 | $90.5K | Form 4 |
| Aug 3, 2026 | EDWARDS MARK DOUGLASEVP, CCO of Northrim Bank | Sale | 2,000 | $27.00 | $54.0K | Form 4 |
| Jul 31, 2026 | EDWARDS MARK DOUGLASEVP, CCO of Northrim Bank | Sale | 2,000 | $26.33 | $52.7K | Form 4 |
| Jul 31, 2026 | CRIQUI JASON ALEXANDEREVP, CBO of Northrim Bank | Sale | 13,488 | $26.44 | $356.7K | Form 4 |
| Jan 30, 2026 | Ballard Jed WEVP, CFO | Buy | 1,290 | $23.24 | $30.0K | Form 4 |
| Jan 29, 2026 | Huston Michael G.Chairman, President & CEO | Buy | 1,500 | $22.80 | $34.2K | Form 4 |
| Dec 10, 2025 | Thomas Linda CDirector | Buy | 800 | $24.95 | $20.0K | Form 4 |
| Dec 9, 2025 | HEGNA SHAUNADirector | Buy | 1,186 | $25.25 | $29.9K | Form 4 |
| Dec 9, 2025 | McCambridge David JDirector | Buy | 1,150 | $24.87 | $28.6K | Form 4 |
| Mar 24, 2025 | ROMANO MARILYNDirector | Buy | 200 | $75.63 | $15.1K | Form 4 |
| Feb 7, 2025 | Huston Michael G.Chairman, President & CEO | Sale | 453 | $89.18 | $40.4K | Form 4 |
| Jan 31, 2025 | HEGNA SHAUNADirector | Buy | 113 | $84.01 | $9.5K | Form 4 |
| Nov 13, 2024 | Thomas Linda CDirector | Sale | 2,550 | $79.00 | $201.4K | Form 4 |
| Aug 7, 2024 | MARUSHACK JOSEPHDirector | Buy | 493 | $60.22 | $29.7K | Form 4 |
| May 24, 2024 | McCambridge David JDirector | Buy | 550 | $53.93 | $29.7K | Form 4 |
| Sep 14, 2023 | Thomas Linda CDirector | Sale | 1,200 | $40.75 | $48.9K | Form 4 |
| Sep 13, 2023 | Nelson Krystal MurphyDirector | Buy | 625 | $40.62 | $25.4K | Form 4 |
| Jun 7, 2023 | ROMANO MARILYNDirector | Buy | 982 | $40.70 | $40.0K | Form 4 |
All 51 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 30, 2026 to Jul 31, 202671
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Feb 13, 2024 to Mar 27, 202672
- BlackRock Portfolio Management LLCSCHEDULE 13G/A, 2 filings Apr 15, 2025 to Oct 17, 202573
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Oct 9, 202574
- AltraVue Capital, LLCSC 13G/A, 3 filings Feb 8, 2022 to Sep 5, 202375
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 26, 2025Raised $60 million in a private offering of debt Form D: 20 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NORTHRIM BANCORP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNORTHRIM BANCORP INC1
- CIK0001163370
- Employer ID (EIN)92-01757525
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inAlaska5
- Fiscal year endsDecember 311
- Industry code (SIC)6035 Savings Institution, Federally Chartered1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business addressP O Box 241489, Anchorage, AK 99524-14891
- Phone907 562-00625
- Shares outstanding22,244,766 as of Jul 31, 202612
- Public float$496.0M as of Jun 30, 20255
- AuditorBaker Tilly US, LLP, Portland, Oregon PCAOB ID 23; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJan 14, 20021
- Filings1,181 in all: 4 (551), 8-K (216), SC 13G/A (82), 10-Q (74), 144 (39), 10-K (25), DEF 14A (25), 3 (21)1
All 31 form types
SC 13G (20), 4/A (17), ARS (17), CORRESP (15), UPLOAD (11), 425 (8), 5 (8), 8-K/A (8), S-8 (7), SCHEDULE 13G/A (7), DEFA14A (6), EFFECT (4), 424B3 (3), S-4 (3), S-4/A (3), 10-Q/A (2), 3/A (2), SCHEDULE 13G (2), 144/A (1), 8-A12G (1), D (1), PRE 14A (1), S-3 (1)
- Latest filingsAnnual report (10-K) Mar 6, 2026
Quarterly report (10-Q) Jul 31, 2026
Proxy statement (DEF 14A) Apr 14, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| NRIM | The NASDAQ Stock Market, LLC |
From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks NORTHRIM BANCORP INC names in Item 1A of its 10-K filed Mar 6, 2026: 41 risks under these headings, as written.5
- Interest Rate and Inflation Risk Factors
- Operational, Strategic and Business Risk Factors
- Regulatory, Legislative and Legal Risk Factors
- Accounting, Tax and Financial Risk Factors
- Stock Ownership Risk Factors
- General Risk Factors
- Interest Rate and Inflation Risks
- Changes in market interest rates could adversely impact the Company.
- The impact of interest rates on our mortgage banking business can have a significant impact on revenues.
- Inflationary pressures and rising prices may affect our results of operations and financial condition.
- Operational, Strategic and Business Risks
- Changes and instability in economic conditions, geopolitical matters and financial markets, including a contraction of economic activity, could adversely impact our business, results of operations and financial condition.
The other 37 risks
- Current economic conditions in the State of Alaska pose challenges for us and could adversely affect our financial condition and results of operations.
- Our concentration of operations in the Anchorage, Matanuska-Susitna Valley, Fairbanks and Southeast areas of Alaska makes us more sensitive to downturns in those areas.
- We pursue a strategy of supplementing internal growth by acquiring other financial companies or their assets and liabilities that we believe will help us fulfill our strategic objectives and enhance our earnings. We may be adversely affected by risks associated with potential acquisitions.
- We may incur impairment to goodwill.
- Our allowance for credit losses may be insufficient.
- We are subject to lending concentration risks.
- Our commercial real estate lending may expose us to increased lending risks.
- Residential mortgage lending is a market sector that experiences significant volatility and is influenced by many factors beyond our control.
- Our information systems or those of our third-party vendors may be subject to an interruption or breach in security, including as a result of cyber-attacks.
- A failure in or breach of the Company's operational systems, information systems, or infrastructure, or those of the Company's third party vendors and other service providers, may result in financial losses, or loss of customers.
- Our business is highly reliant on third party vendors.
- We continually encounter technological change, and we may have fewer resources than many of our competitors to continue to invest in technological improvements.
- Our business, financial condition and results of operations are subject to risk from changes in customer behavior.
- Consumers may decide not to use banks to complete their financial transactions.
- If we do not comply with the agreements governing servicing of loans, if these agreements change materially, or if others allege non-compliance, our business and results of operations may be harmed.
- Certain hedging strategies that we use to manage interest rate risk may be ineffective to offset any adverse changes in the fair value of these assets due to changes in interest rates and market liquidity.
- We may be unable to attract and retain key employees and personnel.
- Our internal controls may be ineffective.
- Liquidity risk could impair our ability to fund operations and jeopardize our financial conditions.
- A failure of a significant number of our borrowers, guarantors and related parties to perform in accordance with the terms of their loans would have an adverse impact on our results of operations.
- Regulatory, Legislative, Legal and Reputational Risks
- We operate in a highly regulated environment and changes of or significant increases in banking or other laws and regulations or governmental fiscal or monetary policies could adversely affect us.
- We face risks related to the adoption of future legislation and potential changes in federal regulatory agency leadership, policies, and priorities.
- Fiscal challenges facing the U.S. government, including government shutdowns, could negatively impact financial markets which in turn could have an adverse effect on our financial position or results of operations.
- Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, Anti-Money Laundering Act of 2020, Real Estate Settlement Procedures Act, Truth-in-Lending Act or other laws and regulations could result in fines, sanctions or other adverse consequences.
- Deposit insurance premiums could increase further in the future.
- Accounting, Tax and Financial Risks
- Changes in the federal, state, or local tax laws may negatively impact our financial performance.
- Changes in our accounting policies or in accounting standards could materially affect how we report our financial results.
- Our ability to pay dividends, repurchase our shares, or to repay our indebtedness depends upon liquid assets held by the Company and the results of operations of our subsidiaries and their ability to pay dividends.
- There can be no assurance that the Company will continue to repurchase stock.
- The market price for our common stock may be volatile.
- There may be future sales or other dilution of the Company's equity, which may adversely affect the market price of our common stock.
- Natural disasters and adverse weather could negatively affect real estate property values and Bank operations.
- The soundness of other financial institutions could adversely affect us.
- The financial services business is intensely competitive and our success will depend on our ability to compete effectively.
- We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so could materially adversely affect our performance.
- Social, political, and economic instability, unrest, and other circumstances beyond our control could adversely affect our business operations.
- Climate change, related legislative and regulatory initiatives, severe weather, natural disasters, and other external events could significantly impact our business.
Legal proceedings
The Company from time to time may be involved with disputes, claims and litigation related to the conduct of its banking business. Management does not expect that the resolution of these matters will have a material effect on the Company’s business, financial position, results of operations or cash flows.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARMichael G. Huston, Chair
- 20SEC EDGARJoseph M. Schierhorn, Chair
- 21SEC EDGARJoseph M. Beedle, Chair
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- 35SEC EDGARRobert L. Shake, SVP, Exec. Loan Mgr
- 36SEC EDGARShauna Hegna, Board member
- 37SEC EDGARMarilyn Romano, Board member
- 38SEC EDGARJoseph Marushack, Board member
- 39SEC EDGARAaron Michael Schutt, Board member
- 40SEC EDGARJoseph M. Schierhorn, Board member
- 41SEC EDGARMurphy Krystal Nelson, Board member
- 42SEC EDGARKarl L. Hanneman, Board member
- 43SEC EDGARLinda C. Thomas, Board member
- 44SEC EDGARJoseph M. Beedle, Board member
- 45SEC EDGARDavid J. McCambridge, Board member
- 46SEC EDGARIrene Sparks Rowan, Board member
- 47SEC EDGARAnthony Drabek, Board member
- 48SEC EDGARRichard L. Lowell, Board member
- 49SEC EDGARFrank A. Danner, Board member
- 50SEC EDGARJohn C. Swalling, Board member
- 51SEC EDGARMark G. Copeland, Board member
- 52SEC EDGARRonald A. Davis, Board member
- 53SEC EDGARLarry S. Cash, Board member
- 54SEC EDGARDavid G. Wight, Board member
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- 57SEC EDGARResults of operations
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- 59SEC EDGARShareholder vote
- 60SEC EDGARResults of operations
- 61SEC EDGARResults of operations
- 62SEC EDGARExecutive or director change
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- 64SEC EDGARResults of operations
- 65SEC EDGARBylaws or fiscal year changed
- 66SEC EDGARExecutive or director change
- 67SEC EDGAROther events
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