---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-21-000024"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2021-07-26T23:59:59+00:00"
generated_at: "2026-06-30T02:28:37.280518+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Northrim Q2 net income $8.35M ($1.33/dil) down from Q1 and year ago; NIM contracts

## Summary
- Net income $8.35M ($1.33 diluted EPS) vs $12.18M ($1.94) in Q1 2021 and $9.9M ($1.52) in Q2 2020.
- Net interest margin (tax-equivalent) 3.50%, down 42 bps QoQ and 52 bps YoY.
- Total revenue $33.3M; Home Mortgage Lending contributed 36% of revenue and 37% of earnings.
- Originated $33M in PPP loans in Q2; total $612.6M over 15 months, largest Alaska PPP originator.
- Provision for credit losses recorded a $427K benefit, down from $1.5M benefit in Q1 2021.

## SEC filing metadata
- accession: 0001163370-21-000024
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2021-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337021000024/0001163370-21-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337021000024/nrim-20210726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-21-000024
- JSON: https://secwatch.observer/filing/0001163370-21-000024.json
- Plain text: https://secwatch.observer/filing/0001163370-21-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.