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Northrim BanCorp NRIM Specialty Finance — Compensation expense - Sallyport acquisition payments
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Where this comes from
Reported directly by Northrim BanCorp in its filing.
Tagged under the XBRL concept us-gaap:CompensationExpenseExcludingCostOfGoodAndServiceSold.
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 Banking | Home Mortgage Lending | Specialty Finance | Consolidated |
|---|---|---|---|---|
| Professional and outside services | 831 | 253 | 75 | 1,159 |
| Marketing expense | 756 | 137 | 8 | 901 |
| Insurance expense | 385 | 19 | — | 404 |
| Compensation expense - Sallyport acquisition payments | — | — | 500 | 500 |
| Other operating expense | 1,626 | 749 | 368 | 2,743 |
| Total other operating expense | 20,390 | 7,201 | 3,031 | 30,622 |
| Income before provision for income taxes | 13,713 | 1,494 | 2,751 | 17,958 |
| Provision for income taxes | 3,213 | 408 | 662 | 4,283 |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments?
- Northrim BanCorp (NRIM) reported specialty finance — compensation expense - sallyport acquisition payments of $500K in Q1 2026.
- How has Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments changed year-over-year?
- Northrim BanCorp's specialty finance — compensation expense - sallyport acquisition payments decreased by 16.7% year-over-year, from $600K to $500K.
- What does specialty finance — compensation expense - sallyport acquisition payments mean?
- Includes specific compensation-related costs tied to the integration and retention of personnel following the acquisition of a specialty finance entity. This highlights the non-recurring or transitional human capital costs associated with inorganic growth strategies.
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