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 Nathan Timothy Reed, EVP and CIO of Northrim Bank, filed an initial Form 3 showing his equity interests. He reports 265 shares of common stock held indirectly through a 401(k) plan and no directly held common shares.
Reed also reports two grants of restricted stock units (RSUs) that can settle in Northrim common stock. One RSU position covers 1,824 underlying shares and vests 100% three years from its March 27, 2025 grant date. A second RSU position covers 2,428 underlying shares and vests 100% three years from its April 27, 2026 grant date. Each RSU represents a contingent right to receive one share of Northrim common stock.
Northrim BanCorp, Inc. reported results from its 2026 Annual Meeting of Shareholders. There were 22,239,676 shares outstanding and entitled to vote, and 17,493,966 were represented online or by proxy. Shareholders elected 12 directors, each receiving at least 14.2 million votes in favor.
They approved the First Amendment to the 2025 Stock Incentive Plan with 13,824,031 votes for and 1,059,636 against. In a nonbinding advisory vote, compensation for named executive officers was approved with 14,370,675 votes for and 444,250 against. Shareholders also ratified Baker Tilly US LLP as independent registered public accounting firm for fiscal 2026 with 17,348,985 votes for and 105,449 against.
Northrim BanCorp, Inc. reported solid first‑quarter 2026 performance with net income of $13.7 million, up from $13.3 million a year earlier. Diluted earnings per share edged higher to $0.61 from $0.60.
Total assets grew to $3.35 billion, driven by loan growth to $2.36 billion and deposits of $2.87 billion. Net interest income increased to $34.7 million, while a $0.96 million credit loss provision replaced last year’s benefit. Mortgage banking income rose to $6.5 million as servicing rights and gain‑on‑sale activity contributed. The allowance for credit losses on loans increased to $24.8 million and nonaccrual loans net of guarantees were $14.2 million, indicating stable but closely monitored credit quality.
Northrim BanCorp Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 1,110,314 shares of Common Stock, representing 5.01% of the class. The filing states Vanguard has sole dispositive power over 1,110,314 shares and sole voting power over 146,360 shares. The filing is signed by Ashley Grim on 04/30/2026.
Ballard Jed W reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp EVP and CFO Jed W. Ballard received a grant of 4,243 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Northrim common stock. The RSUs were awarded for no cash consideration and vest 100% three years from the April 27, 2026 grant date.
Huston Michael G. reported acquisition or exercise transactions in this Form 4 filing.
Northrim Bancorp’s Chairman, President & CEO Michael G. Huston received a grant of 7,163 restricted stock units (RSUs) as equity compensation. Each RSU represents a contingent right to receive one share of Northrim common stock and was awarded for no cash consideration.
The RSUs vest 100% three years from the grant date of April 27, 2026. Following this grant, Huston holds 7,163 RSUs directly, with settlement into common shares dependent on future vesting.
Northrim BanCorp reported first quarter 2026 net income of $13.7 million, or $0.61 per diluted share, up from $12.4 million, or $0.55, in the prior quarter and slightly above $13.3 million, or $0.60, a year ago.
Results were driven mainly by higher net interest income, which rose to $34.7 million, and stronger mortgage banking income, partly offset by higher operating expenses and a larger provision for credit losses. Net interest margin on a tax-equivalent basis improved to 4.77%.
Portfolio loans reached $2.36 billion, up 3% sequentially and 11% year-over-year, while deposits were $2.87 billion. Return on average assets was 1.69% and return on average equity was 16.60%. The quarterly dividend remained $0.16 per share.
Northrim BanCorp, Inc. reported record results for 2025 driven by loan and deposit growth and a one-time gain related to the sale of assets by Pacific Wealth Advisors. Net income was $64,608 (in thousands) in 2025, up 75% from 2024. The company issued $60 million of subordinated notes and received inaugural credit ratings of BBB (senior) and BBB- (subordinated). The bank completed a 4-for-1 stock split and expanded branch presence, with a 21st branch opening planned in early 2026.
Northrim BanCorp, Inc. is holding a fully virtual 2026 Annual Shareholders’ Meeting on May 28, 2026. Shareholders of record as of March 31, 2026, when 22,239,676 common shares were outstanding, can vote online on director elections and several governance proposals.
Items include electing twelve directors, approving an amendment to the 2025 Stock Incentive Plan to add non‑employee directors as eligible participants, an advisory say‑on‑pay vote on executive compensation, and ratifying Baker Tilly US LLP as independent auditor for 2026. The company details board composition and diversity, committee structures, risk and cybersecurity oversight, and extensive ESG and community initiatives, including over $1.6 million in 2025 community contributions, affordable‑housing financing, small‑business lending programs, and broad employee benefits, wellness, and training efforts.
The Vanguard Group amended a Schedule 13G/A reporting its position in Northrim BanCorp Inc. The filing states that, following an internal realignment referenced to January 12, 2026 and SEC Release No. 34-39538, certain Vanguard subsidiaries will report separately and beneficial ownership is 0 shares of Common Stock for The Vanguard Group as reported in this amendment. The filing lists the issuer as Northrim BanCorp Inc and is signed by Ashley Grim on 03/27/2026.