secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0001163370-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim Q4 net income $8.1M ($1.31 EPS); full year 2021 up 14% to $37.5M ($6.00 EPS)
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- Q4 2021 net income $8.11M ($1.31 diluted EPS) vs $8.88M ($1.42) in Q3 2021 and $10.10M ($1.59) in Q4 2020.
- Full year 2021 net income $37.52M ($6.00 diluted EPS), up 14% from $32.89M ($5.11) in 2020.
- Core loans (ex-PPP) grew 14% YoY to $1.30B; total deposits up 33% to $2.42B.
- Net interest margin (tax-equivalent) 3.54% in Q4 2021, up 7 bps from Q3 2021.
- Provision for credit losses benefited $1.08M in Q4 and $4.10M for full year 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000004/0001163370-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000004/nrim-20220128.htm
  HTML page:      https://secwatch.observer/filing/0001163370-22-000004

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