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Northrim BanCorp NRIM Home Mortgage Lending — Occupancy expense

Other segment segments

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$1.57M+13.3%
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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 home mortgage lending — occupancy expense?
Northrim BanCorp (NRIM) reported home mortgage lending — occupancy expense of $468K in Q1 2026.
How has Northrim BanCorp's home mortgage lending — occupancy expense changed year-over-year?
Northrim BanCorp's home mortgage lending — occupancy expense increased by 6.8% year-over-year, from $438K to $468K.
What is the long-term trend for Northrim BanCorp's home mortgage lending — occupancy expense?
Over 3 years (2022 to 2025), Northrim BanCorp's home mortgage lending — occupancy expense has grown at a 3.0% compound annual growth rate (CAGR), from $1.82M to $1.99M.
What does home mortgage lending — occupancy expense mean?
Expenses related to the physical facilities, including rent, utilities, and maintenance, used by the mortgage lending segment. This metric helps evaluate the overhead costs associated with the segment's physical footprint.

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