Northrim BanCorp Inc 2026年季度报告

(Mark One) 3111 C Street (Address of principal executive offices)(Zip Code) (907) 562-0062 (Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large Accelerated FilerAccelerated FilerNon-accelerated FilerSmaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐YesNo The number of shares of the issuer’s Common Stock, par value $0.25 per share, outstanding at May1, 2026 was 22,244,766. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Theseconsolidated financial statements should be read in conjunction with the consolidated financial statements,accompanying notes and other relevant information included in Northrim BanCorp, Inc.’s Annual Report on Form 10-K for the year NORTHRIM BANCORP, INC.Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) 1. Basis of Presentation and Significant Accounting Policies The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted inthe United States of America (“U.S. GAAP”). The accompanying consolidated financial statements have not been audited, and theyinclude the accounts of the Company and its wholly-owned subsidiaries, and the wholly owned subsidiaries of Northrim Bank (the“Bank”). Significant intercompany balances have been eliminated in consolidation.As of December 31, 2024, the Company had onewholly-owned business trust subsidiary, Northrim Statutory Trust 2 (“Trust 2”), that was formed to issue trust preferred securities and In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fairpresentation have been included. The Company determined that it operates in three primary operating segments: Community Banking,Home Mortgage Lending, and Specialty Finance. The Company has evaluated subsequent events and transactions for potentialrecognition or disclosure. Operating results for the interim period ended March31, 2026 are not necessarily indicative of the results The Company’s significant accounting policies are discussed in Note 1 to the audited consolidated financial statementsincluded in the Company's Annual Report on Form 10-K for the year ended December31, 2025. There have been no significant Subordinated Debt:The Company’s subordinated debt is recorded at its contractual principal amount net of unamortizeddebt issuance costs and original issue discounts or premiums, if any. The debt is subordinate in right of payment to all existing andfuture senior indebtedness of the Company, as defined in the related indenture or credit agreement. Debt issuance costs incurred inconnection with subordinated debt are deferred and presented as a direct deduction from the carrying amount of the related debt and Common Stock Split On September 18, 2025, the Company effected a four-for-one forward stock split of its common stock, a proportionateincrease the number of authorized shares of the common stock from 10,000,000 to 40,000,000 and proportionate decrease in the parvalue of the common stock from $1.00 per share to $0.25 per share. All share, equity award and per share amounts presented Reclassification of Prior Period Presentation Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassificationshad no effect on the reported results of operations or total shareholders' equity. Recent Accounting Pronouncements Accounting pronouncements to be implemented in future periods In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (“ASU 2024-03”). Thisupdated mandates that public business entities provide detailed disclosures in the notes to the financial statements, breaking downspecific expense categories such as purchases of inventory, employee compensation, depreciation, intangible asset amortization, anddepreciation, depletion, and amortization recognized as part of oil- and gas-produci