Total deposits grew 2% to USD 2.92 billion from the prior quarter; portfolio loans edged up 1% to USD 2.39 billion.
Credit costs and asset quality
Provision for credit losses increased to USD 1.6 million from USD 960,000; nonperforming assets, net of government guarantees, rose to USD 23 million from USD 15.3 million.
Quarterly results and margin expansion
Northrim BanCorp posted Q2 2026 net income of USD 15.3 million, up 12% from Q1 2026; diluted EPS rose to USD 0.68 from USD 0.61.
Net interest income climbed 7% to USD 37.1 million from the prior quarter; net interest margin on a tax-equivalent basis widened 0.24 percentage points to 5.01%.
Branch expansion and management commentary
Opened a branch in Palmer, Alaska, its 21st; CEO Mike Huston cited record net interest income and continued loan and deposit growth.