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Northrim BanCorp NRIM Community Banking — Occupancy expense

Other segment segments

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$468K+6.8%
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$71K+1.4%

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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$587.71M+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:OccupancyNet.

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
Total other operating income2,4166,4616,00214,879
Salaries and other personnel expense12,3925,2751,83919,506
Data processing expense2,8353001703,305
Occupancy expense1,565468712,104
Professional and outside services831253751,159
Marketing expense7561378901
Insurance expense38519404
Compensation expense - Sallyport acquisition payments500500

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Northrim BanCorp's community banking — occupancy expense?
Northrim BanCorp (NRIM) reported community banking — occupancy expense of $1.57M in Q1 2026.
How has Northrim BanCorp's community banking — occupancy expense changed year-over-year?
Northrim BanCorp's community banking — occupancy expense increased by 13.3% year-over-year, from $1.38M to $1.57M.
What is the long-term trend for Northrim BanCorp's community banking — occupancy expense?
Over 3 years (2022 to 2025), Northrim BanCorp's community banking — occupancy expense has grown at a 3.6% compound annual growth rate (CAGR), from $4.99M to $5.56M.
What does community banking — occupancy expense mean?
Represents the costs associated with maintaining physical branch locations and administrative offices for the community banking segment. This includes rent, utilities, property taxes, and maintenance expenses required to support the bank's physical footprint.

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