| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Interest and fees on loans and loans held for sale | 41,142 | 40,519 | 37,470 | |
| Interest on investment securities available for sale | 2,723 | 3,026 | 2,952 | |
| Dividends on marketable equity securities | 124 | 146 | 145 | |
| Interest on investment securities held to maturity | 473 | 473 | 473 | |
| Dividends on federal home loan bank stock | 192 | 120 | 105 | |
| Interest on deposits in other banks | 1,324 | 515 | 416 | |
| Total interest and dividend income | 45,978 | 44,799 | 41,561 | |
| Interest expense on deposits | 10,139 | 10,304 | 9,935 | |
| Interest expense on borrowings | 399 | 809 | 237 | |
| Interest expense on junior subordinated debentures | 94 | 94 | 92 | |
| Total interest expense | 10,632 | 11,207 | 10,264 | |
| Net interest income | 35,346 | 33,592 | 31,297 | |
| Provision for credit losses | 1,716 | 1,976 | -1,409 | |
| Net interest income after provision for credit losses | 33,630 | 31,616 | 32,706 | |
| Gain on sale by pacific wealth advisors | 14,211 | - | - | |
| Mortgage banking income | 7,273 | 7,400 | 5,411 | |
| Purchased receivable income | 7,269 | 5,897 | 6,150 | |
| Bankcard fees and service charges on deposit accounts-Credit And Debit Card | 1,229 | 1,153 | - | |
| Bankcard fees and service charges on deposit accounts-Deposit Account | 796 | - | - | |
| Bankcard fees and service charges on deposit accounts | - | - | 1,751 | |
| Bankcard fees and service charges on deposit accounts-Deposit Account | - | 726 | - | |
| Unrealized gain on marketable equity securities | 80 | 78 | -50 | |
| Other income | 381 | 1,386 | 938 | |
| Total other operating income | 31,239 | 16,640 | 14,200 | |
| Salaries and other personnel expense | 19,432 | 20,854 | 17,223 | |
| Data processing expense | 3,240 | 3,366 | 3,104 | |
| Occupancy expense | 1,921 | 2,104 | 1,889 | |
| Professional and outside services | 1,112 | 1,113 | 1,115 | |
| Insurance expense | 802 | 756 | 1,017 | |
| Compensation expense - sallyport acquisition payments | 600 | 600 | 600 | |
| Marketing expense | 508 | 1,042 | 672 | |
| Oreo expense, net rental income and gains on sale | -16 | 2 | 3 | |
| Other expense | 2,701 | 2,651 | 3,708 | |
| Total other operating expense | 30,300 | 32,488 | 29,331 | |
| Income before provision for income taxes | 34,569 | 15,768 | 17,575 | |
| Provision for income taxes | 7,504 | 3,990 | 4,251 | |
| Net income | 27,065 | 11,778 | 13,324 | |
| Earnings per share, basic (in usd per share) | 1.23 | 2.13 | 2.41 | |
| Earnings per share, diluted (in usd per share) | 1.2 | 2.09 | 2.38 | |
| Weighted average common shares outstanding, basic (in shares) | 22,090,668 | 5,521,811 | 5,519,998 | |
| Weighted average common shares outstanding, diluted (in shares) | 22,502,680 | 5,611,558 | 5,608,102 | |
NORTHRIM BANCORP INC (NRIM)
NORTHRIM BANCORP INC (NRIM)