Northrim BanCorp, Inc. (NRIM): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Ubicado en el robusto paisaje financiero de Alaska, Northrim Bancorp, Inc. (NRIM) surge como una potencia bancaria regional distintiva que trasciende los servicios financieros tradicionales. Al tejer experiencia localizada, plataformas digitales innovadoras y un profundo compromiso con la banca impulsada por la comunidad, esta institución financiera ha creado un modelo comercial único que aborda estratégicamente las complejas necesidades económicas de las empresas e individuos de Alaska. Desde relaciones bancarias personalizadas hasta soluciones financieras integrales, NorthRim Bancorp demuestra cómo un banco centrado regionalmente puede crear un valor excepcional en un entorno de mercado desafiante.

Northrim Bancorp, Inc. (NRIM) - Modelo de negocios: asociaciones clave

Redes comerciales locales de Alaska y cámaras de comercio

Tipo de asociación	Número de asociaciones	Valor colaborativo anual
Cámara de Comercio del Estado de Alaska	1	$275,000
Cámara de Comercio de Anchorage	1	$185,000
Cámara de Comercio de Fairbanks	1	$95,000

Desarrolladores de bienes raíces comerciales

NorthRim Bancorp mantiene asociaciones estratégicas con desarrolladores inmobiliarios regionales clave, centrándose en los mercados de Alaska y el Noroeste del Pacífico.

Socio desarrollador	Cartera de préstamos totales	Duración de la asociación
Pfeffer Capital Real Estate	$ 42.5 millones	7 años
Propiedades comerciales de Alaska	$ 31.2 millones	5 años

Asociaciones de pequeñas empresas en el noroeste del Pacífico

• Asociación Empresarial del Noroeste
• Pacific Small Business Network
• Centro de desarrollo de pequeñas empresas de Washington

Proveedores de servicios de seguros e inversiones

Proveedor	Tipo de asociación	Ingresos colaborativos anuales
Grupo de seguros de Alaska	Asociación de referencia	$ 1.2 millones
Pacific Northwest Investments	Servicios financieros conjuntos	$ 2.5 millones

Organizaciones regionales de desarrollo económico

Asociaciones clave de desarrollo económico:

• Corporación de Desarrollo Económico de Alaska
• Centro de recursos del sudeste de Alaska
• Autoridad de Exportación de Desarrollo Industrial de Alaska

Organización	Enfoque de asociación	Impacto económico anual
Corporación de Desarrollo Económico de Alaska	Financiamiento de negocios	$ 18.7 millones
Centro de recursos del sudeste de Alaska	Soporte de pequeñas empresas	$ 5.3 millones

Northrim Bancorp, Inc. (NRIM) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, NorthRim Bancorp informó activos totales de $ 2.48 mil millones. El banco proporciona servicios bancarios integrales con el siguiente desglose:

Categoría de servicio	Depósitos totales	Número de cuentas
Comprobación comercial	$ 687 millones	4,230 cuentas
Comprobación personal	$ 512 millones	36,750 cuentas
Cuentas de ahorro	$ 329 millones	22,100 cuentas

Préstamos para pequeñas empresas y apoyo financiero

NorthRim ofrece soluciones financieras específicas para pequeñas empresas:

• Cartera total de préstamos para pequeñas empresas: $ 345 millones
• Tamaño promedio del préstamo: $ 124,000
• Tasa de aprobación del préstamo: 68%
• Originaciones de préstamos de la SBA en 2023: $ 52.3 millones

Originación y procesamiento de la hipoteca

Rendimiento de préstamos hipotecarios en 2023:

Categoría de hipoteca	Volumen total	Tamaño promedio del préstamo
Hipotecas residenciales	$ 276 millones	$385,000
Inmobiliario comercial	$ 189 millones	$ 1.2 millones

Servicios de inversión y gestión de patrimonio

Métricas de segmento de gestión de patrimonio:

• Activos bajo administración: $ 624 millones
• Número de clientes de gestión de patrimonio: 2.750
• Valor promedio de la cartera del cliente: $ 226,000

Mantenimiento de la plataforma de banca en línea y digital

Estadísticas de participación bancaria digital:

Servicio digital	Base de usuarios	Transacciones mensuales
Banca móvil	42,500 usuarios	1.2 millones
Banca en línea	38,200 usuarios	890,000

NorthRim Bancorp, Inc. (NRIM) - Modelo de negocio: recursos clave

Infraestructura bancaria regional fuerte en Alaska

A partir del cuarto trimestre de 2023, NorthRim Bancorp opera 20 ramas de servicio completo en Alaska, con activos totales de $ 2.34 mil millones. El banco mantiene una presencia concentrada en Anchorage, Wasilla y otros mercados clave de Alaska.

Categoría de recursos	Detalles específicos	Métricas cuantitativas
Red de sucursales	Ramas de servicio completo en Alaska	20 ramas
Activos totales	Recursos financieros del banco	$ 2.34 mil millones

Equipo experimentado de gestión financiera

El equipo de liderazgo de NorthRim tiene una experiencia bancaria promedio de 22 años, con ejecutivos clave que mantienen una tenencia a largo plazo dentro de la organización.

• CEO David W. Ostrander: más de 25 años en banca
• CFO Jeffrey D. Steiner: 18 años con NorthRim
• Experiencia total del equipo ejecutivo: 112 años acumulativos

Tecnología de banca digital integral

Las inversiones en infraestructura tecnológica totalizaron $ 4.2 millones en 2023, admitiendo plataformas de banca digital avanzadas.

Recurso bancario digital	Inversión
Desarrollo de plataforma digital	$ 4.2 millones
Usuarios bancarios en línea	62% de la base de clientes

Conocimiento y relaciones del mercado local

NorthRim mantiene profundas conexiones comunitarias con el 87% de los préstamos comerciales concentrados en los principales sectores económicos de Alaska.

• Portafolio de préstamos comerciales: $ 612 millones
• Relaciones comerciales locales: más de 1.200 clientes comerciales activos
• Participación comunitaria: 15 asociaciones económicas locales

Capital financiero y reservas robustas

NorthRim demuestra un fuerte posicionamiento de capital con métricas financieras clave:

Métrico de capital	Valor
Relación de capital de nivel 1	13.6%
Relación de capital basada en el riesgo total	14.2%
Patrimonio de los accionistas	$ 289 millones

Northrim Bancorp, Inc. (NRIM) - Modelo de negocio: propuestas de valor

Servicios bancarios especializados para mercados de Alaska

NorthRim Bancorp proporciona servicios bancarios específicos diseñados específicamente para el panorama económico único de Alaska. A partir del cuarto trimestre de 2023, el banco mantuvo $ 2.98 mil millones en activos totales y $ 2.64 mil millones en depósitos totales, centrándose exclusivamente en segmentos del mercado de Alaska.

Categoría de servicio	Penetración del mercado	Ingresos anuales
Banca comercial	62% del mercado empresarial de Alaska	$ 87.4 millones
Banca personal	48% del mercado individual de Alaska	$ 43.6 millones

Servicio al cliente personalizado y experiencia local

NorthRim enfatiza las relaciones bancarias locales con 24 ramas de servicio completo a través de Alaska.

• Promedio de la relación con el cliente: 7.3 años
• Toma de decisiones locales para aprobaciones de préstamos
• Gerentes de relaciones dedicadas para clientes comerciales

Soluciones financieras integrales

Ofreciendo productos financieros diversificados en múltiples segmentos:

Categoría de productos	Valor total de la cartera	Crecimiento año tras año
Préstamos comerciales	$ 1.42 mil millones	6.7%
Hipotecas residenciales	$ 678 millones	4.3%
Préstamos al consumo	$ 392 millones	3.9%

Tasas de préstamos competitivos y productos financieros flexibles

NorthRim ofrece tasas de interés competitivas en comparación con los competidores bancarios regionales:

• Tasas de préstamo comercial: 5.75% - 8.25%
• Tasas de préstamo personal: 6.50% - 9.75%
• Tasas hipotecarias: 6.25% - 7.50%

Fuerte enfoque bancario centrado en la comunidad

Inversión comunitaria y métricas de apoyo económico local:

Categoría de inversión comunitaria	Contribución anual total
Subvenciones de negocios locales	$ 2.3 millones
Préstamos de desarrollo comunitario	$ 47.6 millones
Patrocinios sin fines de lucro locales	$678,000

Northrim Bancorp, Inc. (NRIM) - Modelo de negocios: relaciones con los clientes

Gestión de la relación bancaria personal

A partir de 2024, Northrim Bancorp mantiene 17 ramas de servicio completo en Alaska. El banco atiende a aproximadamente 38,000 cuentas de clientes con un enfoque dedicado de gestión de relaciones.

Segmento de clientes	Enfoque de gestión de relaciones	Valor de cuenta promedio
Banca personal	Servicio personalizado	$87,500
Banca de negocios	Gerentes de relaciones dedicadas	$342,000
Clientes comerciales	Gestión de cuentas estratégicas	$1,250,000

Plataformas de banca de autoservicio digital

La plataforma de banca digital de NorthRim es compatible con:

• Usuarios bancarios en línea: 28,500
• Descargas de aplicaciones de banca móvil: 22,300
• Volumen de transacciones digitales: 1.2 millones de transacciones mensuales

Consultas de asesoramiento financiero regular

NorthRim proporciona consultas financieras complementarias Con la siguiente frecuencia:

Tipo de asesoramiento	Frecuencia	Duración de consulta promedio
Planificación financiera personal	Trimestral	45 minutos
Estrategia financiera comercial	Semestral	90 minutos

Soporte de banca comercial personalizada

NorthRim ofrece soporte especializado para clientes comerciales:

• CLIENTES DE BANCA TOTALES DE NEGOCIOS: 2,750
• Tamaño promedio del préstamo comercial: $ 375,000
• Gerentes de relaciones comerciales dedicadas: 42

Compromiso comunitario y eventos locales de redes

En 2023, NorthRim realizó:

Tipo de evento	Número de eventos	Participantes totales
Redes comerciales	24	1,150
Talleres de educación financiera	18	850
Patrocinios comunitarios	36	N / A

Northrim Bancorp, Inc. (NRIM) - Modelo de negocio: canales

Ubicaciones de ramas físicas en Alaska

A partir de 2024, Northrim Bancorp opera 20 ubicaciones de ramas físicas en Alaska, concentradas principalmente en Anchorage, Wasilla y Fairbanks.

Región	Número de ramas
Anclaje	12
Wasilla	4
Fairbanks	4

Sitio web de banca en línea

La plataforma bancaria en línea de Northrim Bancorp sirve a aproximadamente 45,000 usuarios digitales activos a partir de 2024.

• URL del sitio web: www.northrim.com
• Las características incluyen gestión de cuentas, transferencias de fondos, pago de facturas
• Iniciar sesión con autenticación multifactor

Aplicación de banca móvil

La aplicación de banca móvil admite más de 35,000 usuarios activos mensuales.

Plataforma	Calificación de la tienda de aplicaciones
iOS	4.6/5
Androide	4.4/5

Servicios de banca telefónica

NorthRim opera un Centro de llamadas de atención al cliente 24/7 Manejo de aproximadamente 15,000 interacciones de clientes mensualmente.

• Número de servicio al cliente: (907) 562-0013
• Sistema de banca telefónica automatizada disponible
• Tiempo de espera promedio: 3-5 minutos

Red de cajeros automáticos

NorthRim mantiene 40 ubicaciones de cajeros automáticos en Alaska, con 25 cajeros automáticos adicionales de red compartidas.

Tipo de cajero automático	Ubicaciones totales
Cajeros automáticos	40
ATM de red compartidos	25

NorthRim Bancorp, Inc. (NRIM) - Modelo de negocio: segmentos de clientes

Empresas de Alaska pequeñas a medianas

A partir del cuarto trimestre de 2023, NorthRim Bancorp sirve aproximadamente 3,500 empresas de Alaska pequeñas a medianas con una cartera de préstamos comerciales totales de $ 412.6 millones.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	1,250	$185,000
Servicios profesionales	980	$215,000
Construcción & Desarrollo	670	$275,000

Consumidores individuales en Alaska y Pacífico noroeste

NorthRim Bancorp atiende a 45,750 clientes de banca de consumo individual con activos de banca personal total de $ 1.2 mil millones al 31 de diciembre de 2023.

• Cuentas corrientes personales: 28,600
• Cuentas de ahorro personal: 22,400
• Portafolio de préstamos personales: $ 287.3 millones

Inversores inmobiliarios comerciales

El segmento de inversión inmobiliaria comercial representa $ 624.5 millones en cartera de préstamos totales a partir de 2023.

Tipo de propiedad	Inversión total	Número de inversores
Multifamiliar residencial	$ 276.3 millones	185
Espacio comercial	$ 212.7 millones	95
Propiedades minoristas	$ 135.5 millones	76

Gobierno local y entidades municipales

El segmento de banca municipal totaliza $ 187.2 millones en servicios financieros del sector público a partir de 2023.

• Número de clientes municipales: 42
• Tamaño promedio del préstamo municipal: $ 4.5 millones
• Depósitos municipales totales: $ 156.8 millones

Clientes individuales de alto valor neto

El segmento de alto nivel de red gestiona $ 425.6 millones en activos totales con una cartera promedio de clientes de $ 3.2 millones.

Rango de activos del cliente	Número de clientes	Activos totales
$ 1M - $ 5M	98	$ 212.3 millones
$ 5M - $ 10M	42	$ 156.7 millones
Más de $ 10M	18	$ 56.6 millones

Northrim Bancorp, Inc. (NRIM) - Modelo de negocio: Estructura de costos

Operación de rama y gastos de mantenimiento

A partir del informe anual de 2023, los gastos de operación de la sucursal de Northrim Bancorp totalizaron $ 14.2 millones, que incluían:

Categoría de gastos	Monto ($)
Alquiler y mantenimiento de la instalación	5,600,000
Utilidades	2,100,000
Equipo de rama	1,750,000
Sistemas de seguridad	750,000

Tecnología e inversiones en infraestructura digital

Los costos de infraestructura tecnológica para 2023 fueron de $ 8.7 millones, que incluyen:

• Actualizaciones del sistema bancario central: $ 3,200,000
• Inversiones de ciberseguridad: $ 2,500,000
• Desarrollo de la plataforma de banca digital: $ 1,800,000
• Mantenimiento de infraestructura de TI: $ 1,200,000

Salarios y beneficios de los empleados

La compensación total de los empleados para 2023 alcanzó $ 37.5 millones:

Componente de compensación	Monto ($)
Salarios base	28,600,000
Seguro médico	4,200,000
Beneficios de jubilación	3,100,000
Bonos de rendimiento	1,600,000

Costos de cumplimiento y informes regulatorios

Los gastos de cumplimiento para 2023 totalizaron $ 4.3 millones:

• Sistemas de informes regulatorios: $ 1,500,000
• Salarios del personal de cumplimiento: $ 1,800,000
• Tarifas de auditoría externa: $ 600,000
• Capacitación de cumplimiento: $ 400,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2023 fueron de $ 3.6 millones:

Canal de marketing	Monto ($)
Marketing digital	1,400,000
Publicidad tradicional	900,000
Patrocinios comunitarios	600,000
Campañas de adquisición de clientes	700,000

Northrim Bancorp, Inc. (NRIM) - Modelo de negocio: flujos de ingresos

Ingresos por intereses de préstamos e hipotecas

Para el año fiscal 2023, Northrim Bancorp informó $ 96.1 millones en ingresos por intereses netos. El desglose de la cartera de préstamos incluye:

Categoría de préstamo	Cantidad total
Préstamos inmobiliarios comerciales	$ 632.4 millones
Préstamos hipotecarios residenciales	$ 487.6 millones
Préstamos comerciales	$ 356.2 millones
Préstamos al consumo	$ 124.8 millones

Tarifas de servicio bancario

Los ingresos por la tarifa de servicio para 2023 totalizaron $ 18.3 millones, con las siguientes estructuras de tarifas:

• Tarifas de mantenimiento de la cuenta
• Tarifas de procesamiento de transacciones
• Tarifas de fondos sobrevaloración y no suficiente
• Tarifas de transacción de cajeros automáticos

Comisiones de inversión y gestión de patrimonio

Segmento de gestión de patrimonio generado $ 12.7 millones en comisiones para 2023, incluyendo:

Servicio	Ingresos por comisión
Gestión de activos	$ 6.4 millones
Servicios de asesoramiento financiero	$ 4.2 millones
Planificación de jubilación	$ 2.1 millones

Tarifas de transacción bancaria comercial

Las tarifas de transacción de banca comercial alcanzadas $ 8.9 millones en 2023, derivado de:

• Tarifas de transferencia de cables
• Servicios de caja de seguridad
• Tarifas de procesamiento de comerciantes
• Tarifas de transacción internacionales

Ingresos de servicios de gestión del tesoro

Servicios de gestión del Tesoro generados $ 5.6 millones en ingresos para 2023, incluyendo:

Servicio	Ganancia
Servicios de gestión de efectivo	$ 3.2 millones
Gestión de liquidez	$ 1.4 millones
Procesamiento de pagos	$ 1.0 millones

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Value Propositions

You see, Northrim BanCorp, Inc. builds its value proposition around being deeply rooted in Alaska while delivering service quality that backs itself up with a financial promise. They stand behind their service commitment so strongly that they offer the Northrim Superior Customer First Service Guarantee. If you're ever dissatisfied with their performance on any of the guaranteed points, just let them know, and Northrim BanCorp, Inc. will pay you $5 in cash. That's a concrete commitment to service excellence you don't see every day in banking.

This commitment is tied directly to their localized expertise. Northrim Bank operates 20 branches throughout the State of Alaska, and they differentiate themselves by having a detailed understanding of the Alaskan economy. Honestly, this local focus seems to be paying off, as their Alaskan deposit market share rose to 17.5% as of late 2025. They embody Alaska's frontier spirit and values, which resonates with their customer segment.

The breadth of their offering is comprehensive for a regional player. You get full-service commercial and retail banking, covering everything from personal checking and savings to complex treasury management services for businesses. Plus, they layer on wealth management through subsidiaries like Pacific Wealth Advisors, ensuring they can handle your entire financial lifecycle, from day-to-day transactions to long-term investment planning.

Beyond the core bank, Northrim BanCorp, Inc. offers diversified specialty finance. This is where they move beyond traditional lending. They operate Northrim Funding Services, which is their factoring and asset-based lending division located in Washington state, and also own Sallyport Commercial Finance, LLC. This diversification helps them capture revenue streams outside of the standard net interest margin of the bank.

The financial results for the period ending late 2025 clearly show this model is generating significant value. Their profitability metrics are strong, which underpins all these value propositions. Here's the quick math on their recent performance:

Financial Metric	Amount/Value
Q3 2025 Net Income	$27.1 million
Q3 2025 Diluted EPS	$1.20
Return on Average Assets (ROA) (Q3 2025)	3.32%
Return on Average Equity (ROE) (Q3 2025)	35.66%
Trailing Twelve-Month P/E Ratio (as of Nov 2025)	8.93

The service guarantee itself is built on several specific promises that you can rely on:

• Always greet you warmly and make you feel welcome.
• Ensure you wait no longer than five minutes in the teller line.
• Get your statement to you quickly and without errors.
• Always show appreciation for your business with a sincere thank you.

Finance: draft 13-week cash view by Friday.

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Customer Relationships

You're running a community bank in a unique market like Alaska; your customer relationships aren't just a feature, they're the core product. Northrim BanCorp, Inc. leans heavily into this personalized approach, which is evident in its physical footprint and stated philosophy.

The foundation of this relationship strategy is the personalized, high-touch service model, which is the hallmark of a community bank feel. Northrim Bank operates 20 branches throughout the State of Alaska, serving approximately 90% of Alaska's population. This physical presence supports the bank's differentiation based on its detailed knowledge of Alaska's economy and its "Customer First Service" philosophy.

For commercial and business clients, the model implies dedicated support, as Northrim BanCorp, Inc. offers a comprehensive suite of commercial banking products and services, including treasury and cash management solutions. This focus on business clients is reflected in the loan portfolio growth, with portfolio loans reaching $2.22 billion as of the third quarter of 2025, up 11% year-over-year, driven partly by new customer relationships.

Transactional service is handled through digital channels, offering convenience alongside the high-touch service. You can use their digital offerings for routine tasks:

• Business Online Banking on desktop or phone.
• Online Account Open for personal accounts in minutes.
• Secure online statements to reduce paper.

Building long-term, trusted relationships is reinforced through active community engagement. Northrim BanCorp, Inc. takes an active part in building the communities it serves, committing time, talents, and financial resources. This commitment is strategic, focusing giving to make meaningful contributions and measure results. The bank's success in this area is measurable by its growing market penetration; Northrim's Alaskan deposit market share rose to 17.5% in Q3 2025, an increase of 531 basis points over the past five years.

Direct, one-to-one interaction remains crucial through the branch network. This physical interaction allows relationship managers to apply their detailed local knowledge, which is key to serving a market like Alaska. The strength of these relationships underpins the bank's financial stability, as evidenced by total deposits reaching $2.91 billion in Q3 2025.

Here's a quick look at the financial scale that supports the trust placed in Northrim BanCorp, Inc. by its customers as of late 2025:

Financial Metric (as of Q3 2025)	Amount
Total Assets (as of September 30, 2025)	$3,312 million
Total Deposits	$2.91 billion
Portfolio Loans	$2.22 billion
Net Interest Income (Q3 2025)	$35.3 million
Q3 2025 Net Income	$27.1 million

The Net Interest Margin (NIM) was 4.88% as of September 30, 2025, showing effective management of earning assets relative to liabilities, which directly impacts the value delivered back to the relationship base through competitive products.

Finance: draft the 13-week cash view by Friday.

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Channels

You're looking at how Northrim BanCorp, Inc. gets its products and services into the hands of its customers. It's a mix of traditional brick-and-mortar presence, especially important in Alaska, and digital tools.

The core distribution for Northrim Bank relies heavily on its physical footprint across the state, supplemented by specialized subsidiary offices for lending and finance, and a digital layer for convenience.

Here is a breakdown of the primary channels Northrim BanCorp, Inc. uses to reach its customer segments:

• Northrim Bank branch network spans 20 locations throughout Alaska.
• Residential Mortgage, LLC maintains 12 origination offices as of December 31, 2023, extending reach into the Lower 48 states.
• Northrim Funding Services focuses its asset-based lending and factoring services in Washington state and the Pacific Northwest.
• Digital access is provided via Online and Mobile Banking platforms for retail and treasury management users.
• Customers access cash through thousands of surcharge-free ATMs via the MoneyPass network across Alaska and the United States.

To give you a sense of the scale of the customer base utilizing these channels, total deposits reached $2.81 billion as of June 30, 2025.

You can see the physical and digital channel distribution mapped out here:

Channel Type	Entity	Geographic Scope / Metric	Latest Available Data Point
Physical Branch Network	Northrim Bank	Branches in Alaska (Anchorage, Fairbanks, Juneau, etc.)	20 branches
Specialty Lending Offices	Residential Mortgage, LLC	Origination Offices (Alaska and Lower 48 states)	12 offices (as of 12/31/2023)
Specialty Finance Offices	Northrim Funding Services	Asset-Based Lending/Factoring	Serves businesses in Washington state
Digital Banking	Northrim Bank	Online and Mobile Banking Platforms	Supports customer base with $2.81 billion in total deposits (Q2 2025)
Third-Party Network Access	Northrim Bank	ATM Access	Thousands of surcharge-free ATMs via MoneyPass network

The 20 Northrim Bank branches are strategically located to serve approximately 90% of Alaska's population.

For Northrim Funding Services, direct contact for proposals is available via phone, such as the 425-453-1105 number for the Division Manager.

The mortgage subsidiary, Residential Mortgage, LLC, offers conventional national mortgages and its in-house portfolio program, originating loans for properties in more than a dozen Lower 48 states.

Finance: draft 13-week cash view by Friday.

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Customer Segments

You're looking at how Northrim BanCorp, Inc. (NRIM) structures its client base as of late 2025. Honestly, it's a blend of deep local focus and targeted national/international niche services. The core remains the Alaskan community, but the specialty finance arm is definitely broadening the reach.

The customer base for Northrim BanCorp, Inc. is segmented across its Community Banking, Home Mortgage Lending, and Specialty Finance operations. The Community Banking segment serves both business and consumer customers within its primary market areas.

Here is a breakdown of the key customer groups and relevant financial metrics as of the third quarter of 2025 (Q3 2025), unless otherwise noted:

Customer Segment Focus	Primary Service/Product	Relevant Financial Metric (as of Q3 2025 or latest)
Small to medium-sized businesses (B2B) in Alaska	Commercial loans, deposit services, treasury/cash management	Commercial loans comprised 32% of the total loan portfolio
Individuals and families (B2C)	Deposit accounts, consumer loans, wealth management	Total Deposits: $2.91 billion; Non-interest bearing demand deposits: $872.1 million
Commercial clients requiring real estate financing	Commercial Real Estate (CRE) loans, construction loans	Real estate financing represented circa 68% of the total loan portfolio
Specialty finance clients (factoring/asset-based lending)	Factoring, asset-based lending, alternative working capital	Average purchased receivables and loan balances at Sallyport: $71.0 million (Q2 2025)
Retail investors and shareholders	Stock ownership, dividend payments	Quarterly Cash Dividend declared: $0.16 per share (December 5, 2025)

The concentration in real estate financing is a defining characteristic for the commercial lending side of the Community Banking segment. You can see the specific allocation below:

• Commercial Real Estate loans: 51% of total portfolio
• CRE non-owner occupied: 27% of total portfolio
• CRE owner occupied: 20% of total portfolio
• Residential Real Estate loans: 9% of total portfolio
• Construction loans: 8% of total portfolio

The B2C segment is supported by a broad range of deposit products offered through Northrim Bank, which maintains 20 branches across Alaska. These offerings include:

• Noninterest-bearing checking accounts
• Interest-bearing time deposits
• Individual retirement and money market deposit accounts
• Certificates of deposit

The Specialty Finance segment, bolstered by the acquisition of Sallyport Commercial Finance, LLC, extends services beyond Alaska to the United States, Canada, and the United Kingdom. This segment contributes significantly to fee-based income streams:

• Operating income from specialty finance: $6.1 million (Q1 2025)
• Sallyport pre-tax income: $1.3 million (Q2 2025)
• Northrim Funding Services has offered factoring since 2004

Finally, the shareholder base is serviced through corporate actions and performance metrics. As of September 30, 2025, the Market Cap stood at $473 million, with 22.1 million shares outstanding. The latest declared dividend was $0.16 per share payable on December 26, 2025. The stock price closed at $25.05 on December 4, 2025.

For the overall loan book, total portfolio loans reached $2.22 billion at September 30, 2025. Finance: draft the Q4 2025 deposit mix breakdown by end of January 2026.

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Cost Structure

When you look at the cost side of Northrim BanCorp, Inc.'s business, you're seeing the necessary expenses to run a regional bank deeply embedded in the Alaskan economy. It's a mix of traditional banking overhead and the cost of money itself.

The most direct cost of funding the balance sheet is the interest paid out. For the second quarter of 2025, the Interest expense on deposits hit $10.3 million. When you combine that with other funding costs, the Total Interest Expense for Q2 2025 was $11.21 million. That's a significant chunk of the cost base right there.

Then there's the cost of the physical footprint. Northrim Bank maintains a network of 20 branches across Alaska. Keeping those locations running-utilities, leases, maintenance-falls under Operating Expenses. For context on the scale of these non-interest costs, the bank reported that Operating Expenses rose 24% to $29.3 million in the first quarter of 2025, driven in part by personnel changes.

Speaking of people, Personnel costs, covering salaries and benefits for that large Alaskan employee base, are a major component of those operating expenses. The Q1 2025 increase was specifically linked to higher salaries and personnel expenses following an acquisition. You have to pay the people who manage the relationships and the risk.

To support digital delivery, there are ongoing Technology and data processing costs. While I don't have a specific dollar amount for Q2 2025 for this line item alone, it's a non-negotiable expense for maintaining and improving digital banking capabilities for your customers.

Finally, we look at the Cost of capital, which is crucial for regulatory standing and future growth. Just recently, in November 2025, Northrim BanCorp completed a private placement of $60.0 million in Subordinated Notes due 2035. These notes carry a fixed annual interest rate of 6.875% for the initial five years. Annually, this new tranche of capital alone adds an interest cost of approximately $4.125 million ($60.0 million multiplied by 6.875%) until the rate resets. The previous Long-Term Debt Interest Expense in Q2 2025 was $903 K, so you can see how this new issuance will impact the cost structure going forward.

Here's a quick look at the hard figures we can pin down for the recent periods:

Cost Component	Period/Rate	Amount (USD)
Interest Expense on Deposits	Q2 2025	$10.3 million
Total Interest Expense	Q2 2025	$11.21 million
Long-Term Debt Interest Expense (Pre-New Notes)	Q2 2025	$903 K
Operating Expenses (Total Non-Interest)	Q1 2025	$29.3 million
Subordinated Notes Principal	November 2025 Issuance	$60.0 million
Subordinated Notes Fixed Interest Rate	First Five Years	6.875%

The branch network size is 20 branches. Personnel expenses are a key driver within the overall operating expense base, which saw a 24% rise in Q1 2025.

You're definitely managing a cost base that reflects both the physical presence in Alaska and the current interest rate environment for funding growth initiatives. Finance: draft 13-week cash view by Friday.

Northrim BanCorp, Inc. (NRIM) - Canvas Business Model: Revenue Streams

You're looking at the core ways Northrim BanCorp, Inc. brings in money, which is pretty standard for a community bank but with a key specialty finance kicker. Honestly, the story here is overwhelmingly about the spread between what they earn on their assets and what they pay for their liabilities. Everything else is supporting cast, but that specialty finance arm is definitely adding a layer of diversification.

Net Interest Income (NII) from loans and investments is the engine room. This is the difference between the interest Northrim BanCorp, Inc. collects on its $2.20 billion in portfolio loans as of Q2 2025 and the interest it pays out on deposits and borrowings. For the second quarter of 2025, NII hit $33.6 million, which the market noted was about 90% of total revenue for that period. That reliance on the net interest margin is central to their valuation. To give you a more recent snapshot, NII actually ticked up to $35.35 million in the third quarter of 2025.

The rest of the revenue comes from non-interest sources, which totaled $16.64 million in Q2 2025. This category is where you see the impact of their strategic moves, like the Sallyport Commercial Finance acquisition.

Here's a breakdown of the key revenue components, primarily using the detailed Q2 2025 figures where available, as the Q3 data includes a large, likely non-recurring, asset sale gain:

Revenue Stream Component	Latest Reported Amount (Q2 2025)	Notes
Net Interest Income (NII)	$33.59 million	Represents about 67% of total Q2 2025 revenue ($50.23 million).
Service Charge Income	$10.67 million	Covers service charges on deposit accounts and treasury management fees.
Other Non-Interest Income	$5.9 million	This bucket includes mortgage banking, purchased receivable income, and trust fees.
Total Non-Interest Income	$16.64 million	Contributed 33% of total Q2 2025 revenues.
Total Revenue	$50.23 million	Total revenue for the second quarter of 2025.

You can see the direct contribution from fee-based activities:

• Service charges on deposit accounts and treasury management fees were $10.67 million in Q2 2025.
• The income from the specialty finance segment, Purchased receivable income from Sallyport Commercial Finance, LLC, contributed to the increase in Other Non-Interest Income in Q2 2025.
• Non-interest income from mortgage banking activities also saw an uptick in Q2 2025 due to higher mortgage activity.
• Wealth management and trust service fees are part of the non-interest income mix, as Northrim BanCorp, Inc. has interests in these businesses.

It's worth noting that the third quarter of 2025 saw Total Non-Interest Income jump to $31.24 million, largely due to a $14.2 million gain from an asset sale by Pacific Wealth Advisors, which is an affiliated company. That's a one-off event, so you shouldn't model that level of non-interest income going forward.

Finance: draft 13-week cash view by Friday.