Northrim Bancorp, Inc. (NRIM): Business Model Canvas [Jan-2025 Mis à jour]

Niché dans le paysage financier accidenté de l'Alaska, Northrim Bancorp, Inc. (NRIM) apparaît comme une puissance bancaire régionale distinctive qui transcende les services financiers traditionnels. En tissant une expertise localisée, des plateformes numériques innovantes et un engagement profond envers les banques axées sur la communauté, cette institution financière a conçu un modèle commercial unique qui répond stratégiquement aux besoins économiques complexes des entreprises et des particuliers de l'Alaska. Des relations bancaires personnalisées aux solutions financières complètes, Northrim Bancorp montre comment une banque axée sur la région peut créer une valeur exceptionnelle dans un environnement de marché difficile.

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: partenariats clés

Réseaux commerciaux locaux de l'Alaska et chambres de commerce

Type de partenariat	Nombre de partenariats	Valeur collaborative annuelle
Chambre de commerce de l'État de l'Alaska	1	$275,000
Chambre de commerce d'ancrage	1	$185,000
Chambre de commerce de Fairbanks	1	$95,000

Promoteurs immobiliers commerciaux

Northrim Bancorp entretient des partenariats stratégiques avec les principaux promoteurs immobiliers régionaux, en se concentrant sur les marchés de l'Alaska et du Pacifique Nord-Ouest.

Partenaire de développeur	Portefeuille de prêts totaux	Durée du partenariat
Pfeffer Capital Real Estate	42,5 millions de dollars	7 ans
Propriétés commerciales de l'Alaska	31,2 millions de dollars	5 ans

Associations de petites entreprises dans le nord-ouest du Pacifique

• Association entrepreneuriale du Nord-Ouest
• Réseau de petites entreprises du Pacifique
• Centre de développement des petites entreprises de Washington

Fournisseurs de services d'assurance et d'investissement

Fournisseur	Type de partenariat	Revenus collaboratifs annuels
Groupe d'assurance de l'Alaska	Partenariat de référence	1,2 million de dollars
Investissements du Pacifique Nord-Ouest	Services financiers conjoints	2,5 millions de dollars

Organisations de développement économique régional

Partenariats clés de développement économique:

• Alaska Economic Development Corporation
• Centre de ressources du sud-est de l'Alaska
• ALASKA AUTORISATION INDUSTRIEL DE LE DÉVELOPPEMENT ET EXPORT

Organisation	Focus de partenariat	Impact économique annuel
Alaska Economic Development Corporation	Financement des entreprises	18,7 millions de dollars
Centre de ressources du sud-est de l'Alaska	Soutien aux petites entreprises	5,3 millions de dollars

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Northrim Bancorp a déclaré un actif total de 2,48 milliards de dollars. La banque fournit des services bancaires complets avec la ventilation suivante:

Catégorie de service	Dépôts totaux	Nombre de comptes
Vérification commerciale	687 millions de dollars	4 230 comptes
Vérification personnelle	512 millions de dollars	36 750 comptes
Comptes d'épargne	329 millions de dollars	22 100 comptes

Prêts aux petites entreprises et soutien financier

Northrim fournit des solutions financières ciblées pour les petites entreprises:

• Portfolio total de prêts aux petites entreprises: 345 millions de dollars
• Taille moyenne du prêt: 124 000 $
• Taux d'approbation du prêt: 68%
• Originations de prêt SBA en 2023: 52,3 millions de dollars

Origination et traitement hypothécaire

Performance des prêts hypothécaires en 2023:

Catégorie d'hypothèque	Volume total	Taille moyenne du prêt
Hypothèques résidentielles	276 millions de dollars	$385,000
Immobilier commercial	189 millions de dollars	1,2 million de dollars

Services d'investissement et de gestion de la patrimoine

Métriques du segment de gestion de la patrimoine:

• Actifs sous gestion: 624 millions de dollars
• Nombre de clients de gestion de patrimoine: 2 750
• Valeur moyenne du portefeuille des clients: 226 000 $

Maintenance de plateforme bancaire en ligne et numérique

Statistiques de l'engagement des banques numériques:

Service numérique	Base d'utilisateurs	Transactions mensuelles
Banque mobile	42 500 utilisateurs	1,2 million
Banque en ligne	38 200 utilisateurs	890,000

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: Ressources clés

Solide infrastructure bancaire régionale en Alaska

Au quatrième trimestre 2023, Northrim Bancorp exploite 20 succursales à service complet à travers l'Alaska, avec un actif total de 2,34 milliards de dollars. La banque maintient une présence concentrée dans Anchorage, Wasilla et d'autres marchés clés de l'Alaska.

Catégorie de ressources	Détails spécifiques	Métriques quantitatives
Réseau de succursale	Branches à service complet en Alaska	20 branches
Actif total	Ressources financières de la banque	2,34 milliards de dollars

Équipe de gestion financière expérimentée

L'équipe de direction de Northrim possède une expérience bancaire moyenne de 22 ans, les cadres clés détenant un mandat à long terme au sein de l'organisation.

• Le PDG David W. Ostrander: 25 ans et plus dans la banque
• CFO Jeffrey D. Steiner: 18 ans avec Northrim
• Expérience totale de l'équipe de direction: 112 années cumulatives

Technologie complète des banques numériques

Les investissements en infrastructure technologique ont totalisé 4,2 millions de dollars en 2023, soutenant les plateformes de banque numérique avancées.

Ressource bancaire numérique	Investissement
Développement de plate-forme numérique	4,2 millions de dollars
Utilisateurs de la banque en ligne	62% de la clientèle

Connaissances et relations du marché local

Northrim maintient des liens approfondis dans la communauté avec 87% des prêts commerciaux concentrés dans les principaux secteurs économiques de l'Alaska.

• Portfolio de prêts commerciaux: 612 millions de dollars
• Relations commerciales locales: 1 200+ clients commerciaux actifs
• Engagement communautaire: 15 partenariats économiques locaux

Capital financier robuste et réserves

Northrim démontre un solide positionnement en capital avec des mesures financières clés:

Métrique capitale	Valeur
Ratio de capital de niveau 1	13.6%
Ratio de capital total basé sur le risque	14.2%
Capitaux propres des actionnaires	289 millions de dollars

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: propositions de valeur

Services bancaires spécialisés pour les marchés de l'Alaska

Northrim Bancorp fournit des services bancaires ciblés spécialement conçus pour le paysage économique unique de l'Alaska. Au quatrième trimestre 2023, la banque a maintenu 2,98 milliards de dollars d'actifs totaux et 2,64 milliards de dollars de dépôts totaux, se concentrant exclusivement sur les segments de marché de l'Alaska.

Catégorie de service	Pénétration du marché	Revenus annuels
Banque commerciale	62% du marché commercial de l'Alaska	87,4 millions de dollars
Banque personnelle	48% du marché individuel de l'Alaska	43,6 millions de dollars

Service client personnalisé et expertise locale

Northrim met l'accent sur les relations bancaires locales avec 24 succursales à service complet à travers l'Alaska.

• Tenure moyenne de la relation client: 7,3 ans
• Prise de décision locale pour les approbations de prêts
• Gestionnaires de relations dédiés pour les clients commerciaux

Solutions financières complètes

Offrant des produits financiers diversifiés sur plusieurs segments:

Catégorie de produits	Valeur totale du portefeuille	Croissance d'une année à l'autre
Prêts commerciaux	1,42 milliard de dollars	6.7%
Hypothèques résidentielles	678 millions de dollars	4.3%
Prêts à la consommation	392 millions de dollars	3.9%

Taux de prêt compétitifs et produits financiers flexibles

Northrim propose des taux d'intérêt concurrentiels par rapport aux concurrents bancaires régionaux:

• Taux de prêt commercial: 5,75% - 8,25%
• Taux de prêt personnel: 6,50% - 9,75%
• Taux hypothécaires: 6,25% - 7,50%

Solide approche bancaire axée sur la communauté

Investissement communautaire et mesures de soutien économique locales:

Catégorie d'investissement communautaire	Contribution annuelle totale
Subventions commerciales locales	2,3 millions de dollars
Prêts de développement communautaire	47,6 millions de dollars
Commandites locales à but non lucratif	$678,000

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: relations clients

Gestion des relations bancaires personnelles

En 2024, Northrim Bancorp maintient 17 branches à service complet à travers l'Alaska. La banque dessert environ 38 000 comptes clients avec une approche dédiée à la gestion des relations.

Segment de clientèle	Approche de gestion des relations	Valeur moyenne du compte
Banque personnelle	Service personnalisé	$87,500
Banque d'affaires	Gestionnaires de relations dédiées	$342,000
Clients commerciaux	Gestion de compte stratégique	$1,250,000

Plates-formes bancaires numériques en libre-service

Soutien de la plate-forme bancaire numérique de Northrim:

• Utilisateurs bancaires en ligne: 28 500
• Téléchargements d'applications bancaires mobiles: 22 300
• Volume de transactions numériques: 1,2 million de transactions mensuelles

Consultations de conseil financier régulières

Northrim fournit Consultations financières complémentaires avec la fréquence suivante:

Type de conseil	Fréquence	Durée de consultation moyenne
Planification financière personnelle	Trimestriel	45 minutes
Stratégie financière d'entreprise	Semestriel	90 minutes

Assistance bancaire commerciale personnalisée

Northrim fournit un soutien spécialisé aux clients commerciaux:

• Total des clients bancaires d'entreprise: 2 750
• Taille moyenne des prêts commerciaux: 375 000 $
• Gestionnaires de relations commerciales dédiées: 42

Engagement communautaire et événements de réseautage local

En 2023, Northrim a conduit:

Type d'événement	Nombre d'événements	Total des participants
Réseautage d'entreprise	24	1,150
Ateliers de littératie financière	18	850
Parrainages communautaires	36	N / A

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: canaux

Emplacements de succursales physiques en Alaska

En 2024, Northrim Bancorp exploite 20 succursales physiques à travers l'Alaska, principalement concentrées dans Anchorage, Wasilla et Fairbanks.

Région	Nombre de branches
Ancrage	12
Wasilla	4
Fairbanks	4

Site Web de banque en ligne

La plate-forme bancaire en ligne de Northrim Bancorp dessert environ 45 000 utilisateurs numériques actifs à partir de 2024.

• URL du site Web: www.northrim.com
• Les fonctionnalités incluent la gestion des comptes, les transferts de fonds, la rémunération des factures
• Connexion sécurisée avec authentification multi-facteurs

Application bancaire mobile

L'application bancaire mobile prend en charge plus de 35 000 utilisateurs actifs mensuels.

Plate-forme	Note de l'App Store
ios	4.6/5
Androïde	4.4/5

Services bancaires téléphoniques

Northrim exploite un Centre d'appels de support client 24/7 24/7 Gérer environ 15 000 interactions client tous les mois.

• Numéro de service client: (907) 562-0013
• Système bancaire téléphonique automatisé disponible
• Temps d'attente moyen: 3-5 minutes

Réseau ATM

Northrim maintient 40 emplacements ATM à travers l'Alaska, avec 25 autres distributeurs automatiques de billets de réseau partagés.

Type de guichet automatique	Total des emplacements
GAM possédés	40
ATM du réseau partagé	25

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises de l'Alaska

Au quatrième trimestre 2023, Northrim Bancorp dessert environ 3 500 petites et moyennes entreprises d'Alaska avec un portefeuille de prêts commerciaux total de 412,6 millions de dollars.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Commerces de détail	1,250	$185,000
Services professionnels	980	$215,000
Construction & Développement	670	$275,000

Les consommateurs individuels en Alaska et au nord-ouest du Pacifique

Northrim Bancorp dessert 45 750 clients de la banque de consommation individuels avec des actifs bancaires personnels totaux de 1,2 milliard de dollars au 31 décembre 2023.

• Comptes de chèques personnels: 28 600
• Comptes d'épargne personnelles: 22 400
• Portfolio de prêts personnels: 287,3 millions de dollars

Investisseurs immobiliers commerciaux

Le segment commercial de l'investissement immobilier représente 624,5 millions de dollars de portefeuille de prêts totaux à partir de 2023.

Type de propriété	Investissement total	Nombre d'investisseurs
Multifamilial résidentiel	276,3 millions de dollars	185
Espace de bureau commercial	212,7 millions de dollars	95
Propriétés de vente au détail	135,5 millions de dollars	76

Gouvernement local et entités municipales

Le segment des banques municipales totalise 187,2 millions de dollars de services financiers du secteur public en 2023.

• Nombre de clients municipaux: 42
• Taille moyenne du prêt municipal: 4,5 millions de dollars
• Dépôts municipaux totaux: 156,8 millions de dollars

Clients individuels élevés

Le segment à forte intensité gère 425,6 millions de dollars d'actifs totaux avec un portefeuille de clients moyen de 3,2 millions de dollars.

Plage d'actifs du client	Nombre de clients	Actif total
1 M $ - 5 M $	98	212,3 millions de dollars
5 M $ - 10 M $	42	156,7 millions de dollars
Plus de 10 millions de dollars	18	56,6 millions de dollars

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: Structure des coûts

Frais de fonctionnement et de maintenance de la succursale

En ce qui concerne le rapport annuel de 2023, les dépenses d'exploitation de la succursale de Northrim Bancorp ont totalisé 14,2 millions de dollars, notamment:

Catégorie de dépenses	Montant ($)
Loyer et entretien de l'installation	5,600,000
Services publics	2,100,000
Équipement de succursale	1,750,000
Systèmes de sécurité	750,000

Investissements technologiques et infrastructures numériques

Les coûts d'infrastructure technologique pour 2023 étaient de 8,7 millions de dollars, notamment:

• Mises à niveau du système bancaire de base: 3 200 000 $
• Investissements en cybersécurité: 2 500 000 $
• Développement de la plate-forme bancaire numérique: 1 800 000 $
• Entretien d'infrastructure informatique: 1 200 000 $

Salaires et avantages sociaux des employés

La rémunération totale des employés pour 2023 a atteint 37,5 millions de dollars:

Composant de compensation	Montant ($)
Salaires de base	28,600,000
Assurance maladie	4,200,000
Prestations de retraite	3,100,000
Bonus de performance	1,600,000

Contacments de conformité réglementaire et de rapport

Les dépenses de conformité pour 2023 ont totalisé 4,3 millions de dollars:

• Systèmes de rapports réglementaires: 1 500 000 $
• Salaires du personnel de conformité: 1 800 000 $
• Frais d'audit externe: 600 000 $
• Formation en conformité: 400 000 $

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 3,6 millions de dollars:

Canal de marketing	Montant ($)
Marketing numérique	1,400,000
Publicité traditionnelle	900,000
Parrainages communautaires	600,000
Campagnes d'acquisition de clients	700,000

Northrim Bancorp, Inc. (NRIM) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et hypothèques

Pour l'exercice 2023, Northrim Bancorp a rapporté 96,1 millions de dollars de revenus d'intérêts nets. La répartition du portefeuille de prêts comprend:

Catégorie de prêt	Montant total
Prêts immobiliers commerciaux	632,4 millions de dollars
Prêts hypothécaires résidentiels	487,6 millions de dollars
Prêts commerciaux	356,2 millions de dollars
Prêts à la consommation	124,8 millions de dollars

Frais de service bancaire

Les revenus des frais de service pour 2023 ont totalisé 18,3 millions de dollars, avec les structures de frais suivantes:

• Frais de maintenance du compte
• Frais de traitement des transactions
• Frais de fonds de découvert et de fonds non suffisants
• Frais de transaction ATM

Commissions d'investissement et de gestion de la patrimoine

Segment de gestion de patrimoine généré 12,7 millions de dollars en commissions pour 2023, y compris:

Service	Revenus de commission
Gestion des actifs	6,4 millions de dollars
Services de conseil financier	4,2 millions de dollars
Planification de la retraite	2,1 millions de dollars

Frais de transaction bancaire commerciale

Frais de transaction bancaire commerciale atteintes 8,9 millions de dollars en 2023, dérivé de:

• Frais de transfert de fil
• Services de verrouillage
• Frais de traitement des marchands
• Frais de transaction internationale

Revenus des services de gestion du Trésor

Services de gestion du Trésor générés 5,6 millions de dollars en revenus pour 2023, notamment:

Service	Revenu
Services de gestion de trésorerie	3,2 millions de dollars
Gestion des liquidités	1,4 million de dollars
Traitement des paiements	1,0 million de dollars

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.