Subsequent Events |
9 Months Ended |
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Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On July 22, 2026, Northrim announced that it entered into an Agreement and Plan of Merger (the “Merger Agreement”) with PBCO Financial Corporation (“PBCO”), pursuant to which Northrim will acquire PBCO in an all-stock transaction, with PBCO shareholders receiving 1.160 shares of Northrim common stock for each share of PBCO common stock held. Upon completion of the acquisition, PBCO shareholders are expected to own approximately 21% of the combined company. On October 20, 2026, Northrim’s shareholders and PBCO’s shareholders approved the acquisition at their respective special meetings. The acquisition is expected to close on or around January 1, 2027, subject to the satisfaction or waiver of the remaining customary closing conditions outlined in the Merger Agreement, including receipt of regulatory approvals.
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