This is a press release announcing the financial results of Northrim BanCorp, Inc. for the quarter ended August 22, 2025. Here are the key points:

**Financial Highlights**

* Net interest income increased by $4.9 million, or 24%, compared to the same period in 2024 * Net interest margin on a tax equivalent basis (NIMTE) was 6.23% for the quarter, compared to 5.93% in the same period last year * Total revenue increased by $1.8 million, or 10%, compared to the same period in 2024 * Earnings per share (EPS) was $0.34, compared to a loss of $0.22 in the same period last year

**Operating Performance**

* The Company's loan portfolio grew by $141 million, or 14%, compared to the same period in 2024 * Allowance for credit losses decreased by $1.2 million, or 18%, compared to the same period in 2024 * Non-performing loans decreased by $1.3 million, or 22%, compared to the same period in 2024

**Guidance**

* The Company expects net interest income to be between $13.8 million and $14.2 million for the year ended December 31, 2025 * The Company expects total revenue to be between $56.1 million and $57.1 million for the year ended December 31, 2025

**Management's Discussion**

The Company's strong operating performance was driven by increased loan growth and a decrease in non-performing loans. The Company's NIMTE remains stable at 6.23%, indicating its ability to generate efficient returns on its investments.

The Company is also pleased with the progress made in its efforts to strengthen its balance sheet, including the reduction of allowance for credit losses and non-performing loans.

**Forward-Looking Statements**

The release contains forward-looking statements, including guidance on future net interest income and total revenue. These statements are subject to risks and uncertainties, including changes in economic conditions, regulatory environment, and other factors that may impact the Company's financial performance.

**Non-GAAP Financial Measures**

The release includes several non-GAAP financial measures, including NIMTE, pre-provision pre-tax net revenue, adjusted return on average assets, and adjusted efficiency ratio. These measures are designed to provide a more comprehensive view of the Company's financial performance and may be used as a supplement to GAAP results.

Overall, the release presents a positive picture for Northrim BanCorp, Inc., with strong operating performance and guidance for future growth.