Northrim BanCorp NRIM General Insurance Expense

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XPO

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FAQ

What is Northrim BanCorp's general insurance expense?

Northrim BanCorp (NRIM) reported general insurance expense of $432K in Q2 2026.

How has Northrim BanCorp's general insurance expense changed year-over-year?

Northrim BanCorp's general insurance expense decreased by 42.9% year-over-year, from $756K to $432K.

What is the long-term trend for Northrim BanCorp's general insurance expense?

Over 4 years (2021 to 2025), Northrim BanCorp's general insurance expense has grown at a 19.2% compound annual growth rate (CAGR), from $1.59M to $3.21M.

What does general insurance expense mean?

This includes premiums paid for various insurance policies, such as deposit insurance, fidelity bonds, and general liability coverage. It represents a necessary operational cost to mitigate institutional risk and protect the bank's balance sheet.