Northrim BanCorp filings document the regulatory record of an Alaska bank holding company with community banking, home mortgage lending and specialty finance activities. Recent 8-K reports furnish quarterly earnings releases and describe results drivers such as net interest income, mortgage banking income, purchased receivable income, operating expenses and credit-loss provisioning.
The filing record also includes definitive proxy materials covering board elections, executive compensation, equity awards and shareholder voting matters. Material-event filings document capital-structure actions, including subordinated note purchase agreements, private-placement debt issued for regulatory capital purposes, and amendments to articles of incorporation used to effect a forward common-stock split and related changes to authorized shares and par value.
Northrim BanCorp, Inc. (NRIM) is registering and expects to issue approximately 5,955,402 shares of its common stock as merger consideration to acquire PBCO Financial Corporation at a fixed 1.160-for-1 share exchange ratio, subject to downward adjustment based on PBCO’s adjusted tangible common equity.
Based on Northrim share prices around the announcement, the deal value ranges from $153.3 million to $167.3 million, with former PBCO shareholders expected to own about 21% of Northrim and existing Northrim shareholders about 79% post-merger. The transaction is intended to qualify as a tax-efficient reorganization under Section 368(a), expands Northrim’s franchise into Southern Oregon and the Willamette Valley, and requires approvals from both companies’ shareholders and banking regulators. PBCO shareholders have dissenters’ rights; Northrim shareholders do not.
Northrim BanCorp, Inc. (NRIM) is registering and expects to issue approximately 5,955,402 shares of its common stock to acquire PBCO Financial Corporation in an all-stock merger, using a fixed 1.160 exchange ratio per PBCO share, subject to an adjusted tangible common equity condition.
Based on a Northrim share price of $27.90 on July 21, 2026, the exchange ratio implied $32.36 per PBCO share and aggregate merger consideration of about $167.3 million. After closing, Northrim shareholders are expected to own about 79% and former PBCO shareholders about 21% of Northrim. Special shareholder meetings for both companies are scheduled for October 20, 2026, and completion remains subject to shareholder approvals, multiple bank regulatory approvals, and other closing conditions.
NORTHRIM BANCORP INC (NRIM) director Linda C Thomas purchased common stock in the company. On September 8, 2026, she bought 1,200 shares of common stock at $26.20 per share in an open market or private transaction and now holds 6,688 shares directly. No Rule 10b5-1 trading plan is reported.
NORTHRIM BANCORP INC (NRIM) director Anthony Drabek reported a sale of 1,200 shares of Common Stock on 2026-08-31 in a sale in open market or private transaction at a price of $25.52 per share. Following this transaction, Drabek directly holds 14,120 shares of NRIM common stock.
NORTHRIM BANCORP INC (NRIM) reported that Jed W. Ballard, EVP and CFO, sold common stock in two open market or private transactions on 2026-08-28. He sold 3,392 shares at $25.91 per share and 100 shares at $25.93 per share, for total reported sales of 3,492 shares. The filing’s Rule 10b5-1 checkbox was not marked as being under a trading plan.
NORTHRIM BANCORP INC (NRIM) received a Rule 144 notice from officer Jed W. Ballard for a proposed sale of common stock. Ballard plans to sell up to 3,492 shares of Northrim Bancorp common stock through Charles Schwab, with an indicated aggregate market value of $89,500 and 22,244,766 shares of common stock stated as outstanding. The shares to be sold were acquired via equity compensation as restricted stock units that vested on December 2, 2024, and the approximate date of sale is listed as August 27, 2026. This notice is a regulatory disclosure of a potential insider sale rather than a completed transaction.
Northrim BanCorp, Inc. (NRIM) has filed a Form S-4 to register shares of Northrim common stock to be issued in its acquisition of PBCO Financial Corporation. PBCO shareholders will receive 1.160 shares of Northrim common stock for each PBCO share, plus cash in lieu of fractional shares, subject to adjustment under the merger agreement.
Using Northrim’s $27.90 closing price on July 21, 2026, this implied $32.36 per PBCO share and aggregate merger consideration of about $167.3 million. PBCO must have adjusted tangible common equity of at least $102,542,499; as of June 30, 2026 it was estimated at $103,657,844, above that threshold. After closing, Northrim shareholders are expected to own about 79% and former PBCO shareholders about 21% of Northrim.
The deal extends Northrim’s community banking franchise from Alaska into Southern Oregon and the Willamette Valley, taking combined assets to over $4 billion. The transaction is intended to qualify as a tax-free Section 368(a) reorganization for PBCO shareholders (except for cash received for fractional shares). Completion requires shareholder approvals and multiple banking regulatory approvals; PBCO shareholders have dissenters’ rights, while Northrim shareholders do not.
Northrim Bancorp Inc executive Mark Douglas Edwards, EVP and CCO of Northrim Bank, reported selling a total of 4,000 shares of common stock, including 2,000 shares at $27.00 on 2026-08-03 and 2,000 shares at $26.33 on 2026-07-31. As of 2026-06-30, he held 5,391 shares indirectly through the Northrim 401(k) plan, which included 98 shares acquired under that plan between 2026-04-01 and 2026-06-30.
Northrim Bancorp, Inc. filed a notice of proposed sale of 4,000 shares of its common stock under Rule 144. The shares relate to equity compensation awards, specifically 1,324 RSUs vested on 11/15/2020 and 2,676 RSUs vested on 11/28/2021. The filing lists an aggregate market value of approximately $106,660 for the planned sale, with a proposed sale date of 07/31/2026.