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Northrim BanCorp NRIM Mortgage Servicing Rights MSR Impairment Recovery

Mortgage Servicing Rights MSR Impairment Recovery at other companies

Citizens & Northern logo
Citizens & NorthernCZNC
$172K+149%
CTB
Community Trust BancorpCTBI
$45K-84.2%

Other financials

Income statement

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Revenue$49.5M+11.7%
Net income$13.7M+2.6%
EPS (diluted)$0.61+1.7%

Balance sheet

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Cash & equivalents$406.9M-17.3%
Total debt$93.5M+1,117%
Total equity$335.8M+20.0%
Total assets$3.4B+6.8%

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$606.17M+26.8%
P/E9.3×-2.0×
P/S2.8×-0.1×

Profitability

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Net margin29.8%+4.3pp
FCF margin67.2%—

Returns & leverage

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Return on equity21.1%+4.9pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by Northrim BanCorp in its filing.

Tagged under the XBRL concept us-gaap:MortgageServicingRightsMSRImpairmentRecovery.

The official record: Northrim BanCorp’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrim BanCorp's mortgage servicing rights MSR impairment recovery?
Northrim BanCorp (NRIM) reported mortgage servicing rights MSR impairment recovery of $127K in Q1 2026.
How has Northrim BanCorp's mortgage servicing rights MSR impairment recovery changed year-over-year?
Northrim BanCorp's mortgage servicing rights MSR impairment recovery decreased by 85.1% year-over-year, from $855K to $127K.
What is the long-term trend for Northrim BanCorp's mortgage servicing rights MSR impairment recovery?
Over 2 years (2021 to 2025), Northrim BanCorp's mortgage servicing rights MSR impairment recovery has grown at a 2.8% compound annual growth rate (CAGR), from $3.58M to $3.78M.
What does mortgage servicing rights MSR impairment recovery mean?
This represents the reversal of previously recognized impairment charges on mortgage servicing rights due to improvements in market conditions or valuation assumptions. It indicates a recovery in the fair value of the servicing asset portfolio. This non-cash gain positively impacts net income and reflects the volatility inherent in mortgage servicing valuations.