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Northrim BanCorp NRIM Community Banking — Interest Expense

Other segment segments

Home Mortgage Lending
$1.39M+3.6%
Specialty Finance
$644K+29.8%

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Other financials

Income statement

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Revenue$53.9M+7.2%
Net income$15.3M+30.3%
EPS (diluted)$0.68-67.5%

Balance sheet

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Cash & equivalents$406.9M-17.3%
Total debt$93.0M+1,215%
Total equity$347.6M+19.8%
Total assets$3.4B+5.3%

Cash flow

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Operating cash flow$27.2M+64.6%
CapEx$2.9M+1,290%
Free cash flow$24.3M+48.9%

Valuation

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Market cap$586.59M+25.5%
P/E8.6×-1.9×
P/S2.7×0.0×

Profitability

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Net margin30.9%+5.8pp
FCF margin67.2%

Returns & leverage

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Return on equity21.5%+4.8pp
Debt / equity0.3×+0.2×

Where this comes from

Reported directly by Northrim BanCorp in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseOperating.

The source filing: Northrim BanCorp’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 2:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001163370-26-000021
(In Thousands)Community BankingHome Mortgage LendingSpecialty FinanceConsolidated
Interest income$40,037$4,190$669$44,896
Interest expense8,1971,39464410,235
Net interest income31,8402,7962534,661
Provision (benefit) for credit losses153562245960
Net interest income after provision for credit losses31,6872,234(220)33,701
Net realized gains on mortgage loans sold2,9972,997
Change in fair value of mortgage loan commitments, net720720
Total production revenue3,7173,717

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — interest expense?
Northrim BanCorp (NRIM) reported community banking — interest expense of $8.2M in Q1 2026.
How has Northrim BanCorp's community banking — interest expense changed year-over-year?
Northrim BanCorp's community banking — interest expense decreased by 2.7% year-over-year, from $8.42M to $8.2M.
What is the long-term trend for Northrim BanCorp's community banking — interest expense?
Over 3 years (2022 to 2025), Northrim BanCorp's community banking — interest expense has grown at a 88.3% compound annual growth rate (CAGR), from $5.16M to $34.43M.
What does community banking — interest expense mean?
The total cost incurred by the community banking segment to fund its operations, primarily through interest paid on customer deposits and other borrowings. Monitoring this metric is essential for assessing the bank's cost of funds and its impact on net interest margins.

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