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Northrim Bank

Anchorage, AK · Cert 33216 · Northrim Bcorp Inc.

State charter, non-member · FDIC · 21 branches

Q2 2026

$3.4BAssets
$2.6BLoans
$2.9BDeposits
$385.5MEquity
Loan mix
76%RE $1.8B24%C&I $0.6B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $2.1B28%Noninterest $0.8BQ3 2024Q2 2026

Market Position · Anchorage, AK · 2026 SOD (annual) · 20.8% share · #3 of 4 inst. · $2.0B of $9.7B

20.7% Anchorage
16.3% Fairbanks North Star
24.5% Juneau
21.0% Matanuska-Susitna

Executive Summary

  • Earnings: ROA of 2.04%, up 45 bps year over year; NIM at 5.36%.
  • Asset quality: problem loans at 0.89% of loans (+40 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.26%, up 266 bps from a year ago.
  • Funding: loans stand at 88.48% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

2.04%+45 bps YoY

Net Interest Margin (quarter, annualized)

5.36%+35 bps YoY

Efficiency Ratio (quarter, annualized)

56.48%-652 bps YoY

Tier 1 Leverage Ratio

10.26%+266 bps YoY

NIM

5.46%Q2 ’246.40%Q2 ’256.43%Q2 ’26+23%+7%

Non-interest income vs. expense

3.50%Q2 ’243.99%Q2 ’253.71%Q2 ’26+16%-6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.35%1.82%1.59%2.08%1.69%1.91%2.04%+45 bps
Return on Equity15.82%16.21%20.96%18.07%23.14%16.72%17.15%18.12%+5 bps
Net Interest Margin4.16%4.53%4.80%5.01%5.28%5.12%5.12%5.36%+35 bps
Efficiency Ratio65.04%64.99%60.93%63.00%55.77%60.99%57.89%56.48%-652 bps
Non-Interest Burden2.21%2.45%2.57%2.67%2.42%2.68%2.50%2.50%-17 bps
Growth
Asset Growth (YoY)6.17%8.63%14.13%15.26%11.62%7.96%6.66%5.06%-1,021 bps
Loan Growth (YoY)17.12%21.99%25.91%22.85%14.62%10.17%6.79%6.19%-1,666 bps
Deposit Growth (YoY)7.82%7.23%13.53%13.40%10.12%5.34%3.73%4.19%-921 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.50%0.51%0.49%0.56%0.48%0.58%0.89%+40 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%0.07%0.19%0.39%0.03%0.02%-5 bps
Allowance / Loans0.92%1.13%n/an/an/an/an/an/an/a
Allowance Coverage of NPLs3.9x2.3xn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.01%7.24%7.59%7.60%7.95%9.61%10.08%10.26%+266 bps
Total Risk-Based Capital11.14%10.18%10.10%10.25%10.80%12.80%13.06%13.39%+314 bps
Equity / Assets8.04%8.62%n/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits80.57%84.45%85.68%86.81%83.86%88.33%88.21%88.48%+167 bps
Liquid Assets / Assets3.28%1.89%1.17%1.14%1.12%0.82%0.95%0.94%-20 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a