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 executive Jason Alexander Criqui, EVP and CBO of Northrim Bank, reported selling 13,488 shares of common stock on July 31, 2026 in open-market or private transactions at $26.4376–$26.5300 per share. He also reported 2,450 shares held indirectly through the Northrim 401(k) plan, based on a June 30, 2026 statement reflecting 76 shares acquired between April 1 and June 30, 2026.
Northrim BanCorp, Inc. reported higher profitability for the quarter and six months ended June 30, 2026. Net income was $15,342 thousand for the quarter versus $11,778 thousand a year earlier, and $29,017 thousand for the first half of 2026 versus $25,102 thousand in 2025. Diluted earnings per share were $0.68 for the quarter and $1.29 year to date, up from $0.52 and $1.12.
Total assets reached $3,415,386 thousand, with net loans of $2,360,867 thousand and deposits of $2,918,788 thousand as of June 30, 2026, all above year-end 2025 levels. Net interest income rose to $37,136 thousand for the quarter and $71,797 thousand year to date, as total interest and dividend income increased and interest expense declined compared with 2025. The allowance for credit losses on loans increased to $25,461 thousand, with year-to-date credit loss provision of $2,587 thousand, and net nonaccrual loans after government guarantees increased to $21,811 thousand from $11,968 thousand at December 31, 2025.
The company also carries $58,684 thousand of subordinated notes issued in late 2025 at a 6.875% fixed rate to 2030, intended to qualify as Tier 2 capital, and maintains mortgage servicing rights of $28,475 thousand on $1,659,395 thousand of serviced mortgage loans.
Vanguard Capital Management filed an amended Schedule 13G reporting its beneficial ownership of Northrim BanCorp Inc common stock. Vanguard and certain affiliated entities beneficially own 1,095,813 shares, representing 4.92% of the class as of 06/30/2026. Vanguard has sole voting power over 147,254 shares and sole dispositive power over 1,095,813 shares, with no shared voting or dispositive power. The holdings include securities held by Vanguard funds and managed accounts over which these entities exercise voting and/or dispositive power, and no other single person has an interest in more than 5% of the securities reported.
Bancorp, Inc. has a beneficial owner planning to sell up to 13,488 shares of common stock through Fidelity Brokerage Services on the NASDAQ, with an aggregate market value of $360,669.12, as of a planned sale date of July 31, 2026.
The shares trace to prior equity awards and purchases, including 3,628 RSUs vested on December 2, 2024, 4,688 RSUs vested on December 4, 2023, 4,172 RSUs vested on December 4, 2022, and a private purchase of 1,000 shares for cash on January 28, 2026.
Northrim BanCorp, Inc. is acquiring PBCO Financial Corporation in an all-stock merger, with each PBCO common share to be converted into 1.160 shares of Northrim common stock, subject to possible downward adjustment if PBCO’s Adjusted Tangible Common Equity falls below $102,542,499.
The aggregate consideration is valued at approximately $167.3 million, or $32.36 per PBCO share based on Northrim’s $27.90 closing price on July 21, 2026, and PBCO shareholders are expected to own about 21.1% of the combined company. As of June 30, 2026, PBCO had $776.6 million in assets, and the combined organization is projected to have about $4.2 billion in assets, $3.0 billion in loans and $3.5 billion in deposits.
PBCO RSUs will fully vest and convert into Northrim shares, while phantom stock units will be cashed out using the exchange ratio and Northrim closing stock price. The deal requires approvals from both companies’ shareholders and multiple banking regulators, satisfaction of financial and tax conditions, and limits on dissenting PBCO shareholders. PBCO has agreed to a $6,692,331 termination fee payable to Northrim under specified circumstances. Closing is targeted for the fourth quarter of 2026 or early first quarter of 2027, with system conversion anticipated in late 2027.
Northrim BanCorp, Inc. reported second-quarter 2026 net income of $15.3 million, or $0.68 per diluted share, up from $13.7 million, or $0.61, in the prior quarter and $11.8 million, or $0.52, a year earlier. Net interest income rose to $37.1 million and NIMTE improved to 5.01%. ROAA was 1.84% and ROAE 17.77%.
Portfolio loans reached $2.39 billion and total deposits $2.92 billion at June 30, 2026, with noninterest-bearing demand deposits of $826.3 million representing 28% of deposits. Capital remained strong, including a 10.90% Common Equity Tier 1 ratio, though nonperforming loans increased to 0.91% of portfolio loans.
MARUSHACK JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp director Joseph Marushack received a grant of 1,456 restricted stock units as equity compensation. Each unit represents a contingent right to one share of Northrim common stock and was awarded for no cash consideration. The units vest 100% one year from the grant date of June 1, 2026, and Marushack’s directly held restricted stock unit balance after this grant is 1,456 units.
Hanneman Karl L reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp Inc director Karl L. Hanneman received a grant of 1,456 restricted stock units (RSUs) on June 1, 2026. Each RSU represents a contingent right to receive one share of Northrim common stock, awarded for no cash consideration as equity-based compensation.
The RSUs vest 100% one year from the June 1, 2026 grant date, meaning Hanneman must remain eligible through that period before receiving the underlying common shares. After this grant, he holds 1,456 RSUs directly, with no remaining derivative positions reported in this filing.
Thomas Linda C reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp director Linda C. Thomas received a grant of 1,456 restricted stock units. These RSUs were awarded for no cash consideration and each unit represents a contingent right to receive one share of Northrim common stock. Following this award, she holds 1,456 RSUs directly. The grant vests 100% one year after the June 1, 2026 grant date, so the shares will only be delivered if the vesting conditions are met.
SWALLING JOHN C reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp director John C. Swalling received a grant of 1,456 restricted stock units as equity compensation. Each unit represents a contingent right to receive one share of Northrim common stock. The units were awarded for no cash consideration and vest 100% one year from the grant date of June 1, 2026.