Call reports 2024
NORTHRIM BANK — 2024
What NORTHRIM BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,741,178,000 | 2,804,077,000 | 2,946,741,000 | 3,029,564,000 |
| Total loans | 1,892,651,000 | 1,987,555,000 | 2,129,065,000 | 2,266,947,000 |
| Allowance for loan losses | 17,533,000 | 17,694,000 | 19,528,000 | 25,669,000 |
| Securities available for sale | 592,479,000 | 584,964,000 | 545,210,000 | 478,617,000 |
| Securities held to maturity | 36,750,000 | 36,750,000 | 36,750,000 | 36,750,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,449,910,000 | 2,480,330,000 | 2,642,617,000 | 2,684,293,000 |
| Interest-bearing deposits | 1,734,799,000 | 1,774,365,000 | 1,878,377,000 | 1,976,446,000 |
| Noninterest-bearing deposits | 715,111,000 | 705,965,000 | 764,240,000 | 707,847,000 |
| Equity capital | 214,996,000 | 223,710,000 | 237,012,000 | 261,242,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 36,903,000 | 74,819,000 | 115,053,000 | 160,161,000 |
| Interest expense | 9,337,000 | 19,167,000 | 29,714,000 | 40,632,000 |
| Net interest income | 27,566,000 | 55,652,000 | 85,339,000 | 119,529,000 |
| Noninterest income | 6,531,000 | 14,822,000 | 24,675,000 | 34,344,000 |
| Noninterest expense | 23,156,000 | 47,478,000 | 73,193,000 | 101,697,000 |
| Provision for loan losses | 221,000 | 356,000 | 2,094,000 | 3,401,000 |
| Pretax income | 10,792,000 | 22,967,000 | 34,729,000 | 48,883,000 |
| Income tax | 2,313,000 | 4,814,000 | 7,468,000 | 11,526,000 |
| Net income | 8,479,000 | 18,153,000 | 27,261,000 | 37,357,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 216,329,000 | 223,035,000 | 228,757,000 | 218,664,000 |
| Total capital | 236,208,000 | 242,821,000 | 250,701,000 | 241,859,000 |
| Risk-weighted assets | 2,142,182,000 | 2,169,425,000 | 2,250,871,000 | 2,376,442,000 |