secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001163370-21-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp Q3 net income $8.9M, EPS $1.42; core loan growth 11% YoY
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- Net income $8.88M ($1.42 diluted EPS) vs $11.86M ($1.84) in Q3 2020; sequential up from $8.35M ($1.33).
- Net interest income $20.4M (+6% QoQ, +12% YoY); NIMTE 3.47% down 46 bps YoY.
- Core loans (ex-PPP) grew to $1.25B (+11% YoY); total deposits $2.30B (+27% YoY).
- PPP funded $612.6M total; no new originations in Q3; $102.4M forgiven in Q3.
- Provision benefit $1.1M; nonaccrual loans $11.5M vs $12.0M Q2; repurchased 29,613 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337021000032/0001163370-21-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337021000032/nrim-20211029.htm
  HTML page:      https://secwatch.observer/filing/0001163370-21-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer