The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.10, though the $3.4 billion investment securities portfolio warrants ongoing scrutiny regarding duration risk.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 2B | 343.94M | 541.35M | 756.47M | 936.38M | 1.07B | 363.6M | 371.56M | 349.15M | 384.86M | 381.77M | 349.79M | 353.79M | 347.78M | 358.73M | 313.61M | 15.95M | 19.39M | 40.42M | 63.81M | 44.28M | 28.85M | 18.94M | 31.3M | 28.08M | 26.04M | 30.37M | 37.69M | 26.9M | 19.3M | 22.7M |
| Cash & Due from Banks | 33.03M | 145.91M | 62.74M | 118.53M | 259.35M | 645.83M | 115.97M | 95.42M | 77.54M | 77.84M | 50.55M | 58.67M | 72.06M | 99.09M | 154.81M | 91.53M | 15.95M | 19.39M | 40.42M | 63.81M | 44.28M | 28.85M | 18.94M | 31.3M | 28.08M | 26.04M | 30.37M | 37.69M | 26.9M | 19.3M | 22.7M |
| Short Term Investments | 418.45M | 198.03M | 478.62M | 637.94M | 677.03M | 426.68M | 247.63M | 276.14M | 271.61M | 307.02M | 331.22M | 291.11M | 281.73M | 248.69M | 203.92M | 222.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 3.42B | 2.87B | 2.73B | 2.53B | 2.27B | 1.96B | 1.87B | 1.41B | 1.3B | 1.32B | 1.34B | 1.33B | 1.26B | 1.04B | 919.97M | 894.29M | 933.18M | 874.7M | 855.73M | 862.78M | 803.7M | 808.61M | 739.84M | 668.19M | 643.52M | 567.14M | 490.89M | 438.59M | 303.6M | 240.5M | 192.1M |
| Investments Growth % | 39.95% | 5.15% | 7.82% | 11.43% | 15.87% | 4.66% | 32.89% | 8.32% | -1.16% | -1.47% | 0.39% | 5.34% | 21.64% | 12.96% | 2.87% | -4.17% | 6.69% | 2.22% | -0.82% | 7.35% | -0.61% | 9.3% | 10.72% | 3.83% | 13.47% | 15.53% | 11.92% | 44.46% | 26.24% | 25.2% | 17.78% |
| Long-Term Investments | 10.38B | 2.67B | 2.25B | 1.89B | 1.6B | 1.53B | 1.63B | 1.13B | 1.03B | 1.01B | 1.01B | 1.04B | 982.32M | 790.5M | 716.05M | 672.2M | 933.18M | 874.7M | 855.73M | 862.78M | 803.7M | 808.61M | 739.84M | 668.19M | 643.52M | 567.14M | 490.89M | 438.59M | 303.6M | 240.5M | 192.1M |
| Accounts Receivables | 105.03M | 12.54M | 11.5M | 11.96M | 9.94M | 6.85M | 7.98M | 4.51M | 4.82M | 4.38M | 0 | 3.62M | 3.37M | 2.73M | 2.62M | 2.9M | 3.4M | 3.99M | 4.81M | 5.23M | 4.92M | 4.4M | 3.68M | 3.3M | 3.19M | 3.47M | 3.78M | 3.04M | 2.2M | 1.8M | 1.6M |
| Goodwill & Intangibles | 50.82M | 81.17M | 80.34M | 38.47M | 38.49M | 33.67M | 32.48M | 33.82M | 32.89M | 28.8M | 20.48M | 25.43M | 25.05M | 7.94M | 8.17M | 8.42M | 19.93M | 11.25M | 23.89M | 9.95M | 6.9M | 7.38M | 6.63M | 7M | 7.37M | 3.47M | 3.78M | 3.04M | 0 | 0 | 0 |
| Goodwill | 49.87M | 49.87M | 50.02M | 15.02M | 15.02M | 15.02M | 15.02M | 15.02M | 15.02M | 15.02M | 15.02M | 22.33M | 22.33M | 7.53M | 7.53M | 7.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 950K | 31.3M | 30.33M | 23.45M | 23.47M | 18.66M | 17.46M | 18.8M | 17.88M | 13.78M | 5.46M | 3.1M | 2.71M | 417K | 645K | 896K | 19.93M | 11.25M | 23.89M | 9.95M | 6.9M | 7.38M | 6.63M | 7M | 7.37M | 3.47M | 3.78M | 3.04M | 0 | 0 | 0 |
| PP&E (Net) | 53.48M | 45.6M | 45.21M | 49.78M | 47.69M | 48.16M | 50.54M | 52.73M | 39.09M | 37.87M | 39.32M | 40.22M | 35.64M | 28.32M | 27.91M | 27.99M | 29.05M | 28.52M | 29.73M | 15.62M | 13.59M | 10.6M | 10.58M | 11.11M | 10.48M | 5.88M | 6.81M | 7.13M | 5M | 5.5M | 4.5M |
| Other Assets | -3.01B | 130.88M | 16.4M | 9.69M | 11M | 14.56M | 18.64M | 17.5M | 19.16M | 17.55M | 47.11M | 14.66M | 20.41M | 9.68M | 11.46M | 12.13M | 47.72M | 60.17M | 47.3M | 37.9M | 31.05M | 23.54M | 21.06M | 17.67M | 11.61M | 10.26M | 6.99M | 7.99M | 7.11M | 6.1M | 4.6M |
| Total Current Assets | 556.51M | 359.09M | 646.16M | 809.62M | 970.42M | 1.09B | 391.99M | 403.52M | 378.46M | 418.08M | 403.86M | 368.84M | 375.85M | 369.79M | 386.53M | 353.63M | 35.88M | 30.64M | 64.31M | 88.47M | 70.38M | 45.45M | 22.61M | 34.6M | 31.27M | 29.51M | 34.15M | 40.73M | 29.1M | 21.1M | 24.3M |
| Total Non-Current Assets | 104.3M | 2.93B | 2.4B | 2B | 1.7B | 1.63B | 1.73B | 1.24B | 1.12B | 1.1B | 1.12B | 1.13B | 1.07B | 845.22M | 773.58M | 731.62M | 1.02B | 972.39M | 942.08M | 926.24M | 855.24M | 850.13M | 778.11M | 703.97M | 672.98M | 591.01M | 513.35M | 463.09M | 315.71M | 252.1M | 201.2M |
| Total Assets | 3.35B | 3.29B | 3.04B | 2.81B | 2.67B | 2.72B | 2.12B | 1.64B | 1.5B | 1.52B | 1.53B | 1.5B | 1.45B | 1.22B | 1.16B | 1.09B | 1.05B | 1B | 1.01B | 1.01B | 925.62M | 895.02M | 800.73M | 738.57M | 704.25M | 620.52M | 547.5M | 503.83M | 344.8M | 273.2M | 225.5M |
| Asset Growth % | 41.71% | 8.17% | 8.35% | 4.98% | -1.85% | 28.42% | 29.06% | 9.38% | -1.06% | -0.49% | 1.8% | 3.46% | 19.29% | 4.73% | 6.9% | 2.91% | 5.13% | -0.33% | -0.82% | 9.63% | 3.42% | 11.78% | 8.42% | 4.87% | 13.49% | 13.34% | 8.67% | 46.12% | 26.21% | 21.15% | 17.45% |
| Return on Assets (ROA) | 1.97% | 2.04% | 1.26% | 0.93% | 1.14% | 1.55% | 1.75% | 1.31% | 1.32% | 0.86% | 0.95% | 1.21% | 1.31% | 1.04% | 1.15% | 1.07% | 0.88% | 0.77% | 0.6% | 1.2% | 1.43% | 1.32% | 1.39% | 1.46% | 1.29% | 1.22% | 1.11% | 1.13% | 1.2% | 1.4% | 1.05% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 93.51M | 87.67M | 40.84M | 33.08M | 34.27M | 35.78M | 37.51M | 33.43M | 51.83M | 45.42M | 50.5M | 52.1M | 64.7M | 46.23M | 42.08M | 39.53M | 36.82M | 30.88M | 48.66M | 35.33M | 25.06M | 26.97M | 14.48M | 13.14M | 6.37M | 5.68M | 4.79M | 8.76M | 4.1M | 1M | 2M |
| Net Debt | 60.48M | -58.24M | -21.89M | -85.45M | -225.08M | -610.04M | -78.46M | -61.99M | -25.71M | -32.42M | -48K | -6.58M | -7.35M | -52.86M | -112.74M | -52M | 20.86M | 11.48M | 8.24M | -28.48M | -19.22M | -1.88M | -4.46M | -18.16M | -21.71M | -20.36M | -25.59M | -28.93M | -22.8M | -18.3M | -20.7M |
| Long-Term Debt | 81.65M | 81.28M | 33.35M | 23.98M | 24.41M | 24.82M | 25.13M | 19.2M | 17.55M | 17.67M | 22.9M | 20.68M | 44.86M | 25.09M | 23.04M | 23.18M | 23.94M | 24.14M | 48.66M | 35.33M | 25.06M | 26.97M | 14.48M | 13.14M | 6.37M | 5.68M | 4.79M | 8.2M | 3.8M | 1M | 2M |
| Short-Term Debt | 0 | 453K | 0 | 0 | 0 | 0 | 0 | 0 | 34.28M | 27.75M | 27.61M | 31.42M | 19.84M | 21.14M | 19.04M | 16.35M | 12.87M | 6.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 561K | 300K | 0 | 0 |
| Other Liabilities | 2.93B | 63.03M | 53.72M | 54.65M | 34.21M | 29.49M | 37.74M | 31.1M | 17.12M | 22.09M | 21.67M | 29.39M | 40.46M | 20.74M | 11.55M | 9.04M | 8.45M | 8.02M | 9.79M | 10.6M | 10.18M | 4.27M | 3.83M | 3.94M | 3.1M | 3.44M | 3.49M | 2.82M | 2.21M | 2M | 1.6M |
| Total Current Liabilities | 11.86M | 2.81B | 2.68B | 2.49B | 2.39B | 2.42B | 1.82B | 1.37B | 1.26B | 1.29B | 1.3B | 1.27B | 1.2B | 1.02B | 989.17M | 927.6M | 905.01M | 859.84M | 843.25M | 867.38M | 794.9M | 779.87M | 699.06M | 646.2M | 626.41M | 550.61M | 484.92M | 444.38M | 312.2M | 247M | 201.9M |
| Total Non-Current Liabilities | 3.02B | 150.25M | 94.56M | 87.72M | 68.48M | 65.27M | 75.24M | 64.53M | 34.67M | 39.77M | 44.57M | 50.07M | 85.32M | 45.82M | 34.59M | 32.23M | 32.4M | 32.17M | 58.46M | 45.92M | 35.24M | 31.24M | 18.31M | 17.09M | 9.46M | 9.12M | 8.28M | 11.01M | 6.01M | 3M | 3.6M |
| Total Liabilities | 3.02B | 2.96B | 2.77B | 2.57B | 2.46B | 2.49B | 1.9B | 1.44B | 1.3B | 1.33B | 1.34B | 1.32B | 1.28B | 1.07B | 1.02B | 959.82M | 937.41M | 892.01M | 901.71M | 913.3M | 830.17M | 810.55M | 717.37M | 663.28M | 635.88M | 559.73M | 493.2M | 455.39M | 318.2M | 250M | 205.5M |
| Total Equity | 335.81M | 326.54M | 267.12M | 234.72M | 218.63M | 237.82M | 221.57M | 207.12M | 205.95M | 192.8M | 186.71M | 177.21M | 164.44M | 144.32M | 136.35M | 125.44M | 117.12M | 111.02M | 104.68M | 101.42M | 95.45M | 84.47M | 83.36M | 75.28M | 68.37M | 60.79M | 54.3M | 48.44M | 26.6M | 23.2M | 20M |
| Equity Growth % | 81.07% | 22.25% | 13.8% | 7.36% | -8.07% | 7.33% | 6.98% | 0.57% | 6.82% | 3.26% | 5.36% | 7.77% | 13.94% | 5.84% | 8.7% | 7.1% | 5.5% | 6.05% | 3.22% | 6.25% | 12.99% | 1.34% | 10.72% | 10.11% | 12.47% | 11.96% | 12.1% | 82.09% | 14.66% | 16% | 6.95% |
| Equity / Assets (Capital Ratio) | 10.01% | 9.92% | 8.78% | 8.36% | 8.18% | 8.73% | 10.44% | 12.6% | 13.7% | 12.69% | 12.23% | 11.82% | 11.35% | 11.88% | 11.75% | 11.56% | 11.11% | 11.07% | 10.4% | 9.99% | 10.31% | 9.44% | 10.41% | 10.19% | 9.71% | 9.8% | 9.92% | 9.61% | 7.71% | 8.49% | 8.87% |
| Return on Equity (ROE) | 20.49% | 21.77% | 14.73% | 11.2% | 13.47% | 16.33% | 15.34% | 10.02% | 10.03% | 6.93% | 7.92% | 10.41% | 11.28% | 8.78% | 9.89% | 9.4% | 7.95% | 7.16% | 5.9% | 11.84% | 14.42% | 13.31% | 13.49% | 14.68% | 13.23% | 12.35% | 11.36% | 12.76% | 14.86% | 16.2% | 11.37% |
| Book Value per Share | 14.87 | 14.49 | 11.96 | 10.37 | 9.38 | 9.51 | 8.61 | 7.61 | 7.37 | 6.91 | 6.69 | 6.38 | 6.00 | 5.46 | 5.18 | 4.78 | 4.52 | 4.33 | 4.10 | 3.91 | 3.49 | 2.81 | 2.74 | 2.74 | 2.45 | 2.20 | 1.83 | 1.52 | 1.33 | 1.53 | 1.26 |
| Tangible BV per Share | 12.62 | 10.89 | 8.36 | 8.67 | 7.73 | 8.17 | 7.35 | 6.36 | 6.20 | 5.88 | 5.96 | 5.46 | 5.09 | 5.16 | 4.87 | 4.46 | 3.75 | 3.89 | 3.16 | 3.53 | 3.24 | 2.57 | 2.52 | 2.49 | 2.19 | 2.07 | 1.70 | 1.43 | 1.33 | 1.53 | 1.26 |
| Common Stock | 5.56M | 5.53M | 5.52M | 5.51M | 5.7M | 6.01M | 6.25M | 6.56M | 6.88M | 6.87M | 6.9M | 6.88M | 6.85M | 6.54M | 6.51M | 6.47M | 6.43M | 6.37M | 6.33M | 6.3M | 6.11M | 5.8M | 6.09M | 6.05M | 6.09M | 6.11M | 5.55M | 5.17M | 0 | 0 | 0 |
| Additional Paid-in Capital | 10.36M | 10.82M | 9.31M | 9.61M | 17.78M | 31.16M | 41.81M | 50.51M | 62.13M | 61.79M | 62.95M | 62.42M | 61.73M | 54.09M | 53.64M | 53.16M | 52.66M | 52.14M | 51.46M | 50.8M | 46.38M | 39.16M | 45.88M | 45.62M | 46.61M | 47.02M | 39.38M | 36.85M | 0 | 0 | 0 |
| Retained Earnings | 319.66M | 309.57M | 259.31M | 236.04M | 224.22M | 204.05M | 173.5M | 149.62M | 137.45M | 124.41M | 117.14M | 108.15M | 95.49M | 82.86M | 74.74M | 65.47M | 57.34M | 51.12M | 45.96M | 44.07M | 43.21M | 40M | 31.39M | 23M | 14.46M | 7.14M | 9.32M | 7M | 5.4M | 4.1M | 2.4M |
| Accumulated OCI | 225K | 619K | -7.02M | -16.44M | -29.08M | -3.41M | 18K | 431K | -520K | -270K | -397K | -412K | 247K | 669K | 1.37M | 283K | 648K | 1.34M | 901K | 225K | -287K | -489K | 4K | 623K | 1.2M | 521K | 55K | -583K | 100K | 0 | -200K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Alaskan economic concentration
As reported in financial statements, Northrim's total assets grew from $2.8 billion in 2023Q4 to $3.4 billion by 2026Q1, indicating a consistent expansion strategy that appears to prioritize organic loan growth within the Alaskan market over aggressive, inorganic acquisition-based scaling.
The steady climb in total assets suggests that the bank is successfully capturing market share in its core Alaskan territories. This growth trajectory appears sustainable, provided the bank continues to leverage its specialized underwriting expertise to avoid the credit pitfalls often associated with rapid balance sheet expansion.
Based on regulatory filings, Northrim maintained an equity-to-assets ratio of 0.10 in 2026Q1, reflecting a highly conservative capital structure that provides a significant buffer against potential volatility in the Alaskan economy and supports the bank's long-term stability objectives.
The bank's consistent equity-to-assets ratio suggests a management philosophy that prioritizes capital preservation over aggressive leverage. This fortress-like balance sheet position may allow the bank to navigate regional economic downturns with greater flexibility than peers who operate with thinner capital cushions.
According to recent SEC filings, Northrim's cash and cash equivalents fluctuated significantly, reaching $145.9 million in 2025Q4 before settling at $33.0 million in 2026Q1, which highlights a dynamic approach to managing liquidity in response to shifting interest rate environments and seasonal Alaskan business cycles.
The variability in cash balances suggests that management is actively deploying capital into higher-yielding investment securities when opportunities arise. Investors should monitor whether this liquidity management strategy continues to provide sufficient coverage for potential deposit outflows during periods of regional economic stress.
As disclosed in financial statements, Northrim's investment securities portfolio grew to $3.4 billion by 2026Q1, representing a substantial portion of total assets and warranting further investigation into the duration risk and potential unrealized losses embedded within this large, concentrated holding.
While the securities portfolio provides a stable income stream, its sheer size relative to total assets suggests that the bank's balance sheet is highly sensitive to interest rate movements. This concentration may imply that the bank's earnings are more exposed to duration risk than a traditional loan-heavy regional bank model would suggest.
Quick answers to the most common questions about buying NRIM stock.
As of 2025, Northrim BanCorp, Inc. (NRIM) had total assets of $3.29B including $359.1M in current assets.
Northrim BanCorp, Inc. (NRIM) carries total debt of $87.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Northrim BanCorp, Inc. (NRIM) has total shareholders' equity (book value) of $326.5M ($14.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Northrim BanCorp, Inc. (NRIM) reported a current ratio of 0.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.