Investor Presentation Second Quarter 2024 Nasdaq: NRIM 1 Northrim Overview $2.8 billion community bank founded in 1990 to provide financial services to Alaskan residents and businesses Anchorage HQ & 9 Branches Nome Fairbanks Soldotna Kodiak Juneau Sitka Ketchikan Legend Scale:100mi Branches: 20 Homer Wasilla 1990 1999 2000 2007 2008 2014 2020 2021 Founded Acquired Bank of America Branches Wells Fargo acquisition of National Bank of Alaska Assets exceed $1 Billion Acquired Alaska First Bank & Trust Acquired ...

Financial Performance (Q3 2024) - Net income reached $8.825 million, resulting in earnings per share (EPS) of $1.57[7] - The net interest margin (NIM) stood at 4.29%[7] - Return on average assets (ROAA) was 1.22%, and return on average equity (ROAE) was 13.69%[7] - Total loans amounted to $2.008 billion, while total deposits reached $2.626 billion[7] Loan Portfolio & Asset Quality - The loan portfolio is diversified, with commercial real estate (CRE) non-owner occupied loans comprising 29% of the total portfolio[23] - Non-performing assets (NPAs) to total assets, net of government guarantees, was 0.18%[7] - Total loan ACL (Allowance for Credit Losses) to portfolio loans was 0.97%[7] Deposits & Market Share - The bank's deposit market share has increased by 540 basis points since 2018[12] - Non-interest bearing deposits constitute 29% of the total deposit composition[14] Capital Management & Shareholder Value - The bank has repurchased approximately 20% of outstanding shares in the last 5 years[14] - The dividend per share has increased by 100% in the last 4 years, currently at $0.62 per share per quarter[14] - Tangible book value (TBV) per share reached $44.36 as of September 2024[7] Strategic Initiatives & Market Opportunities - The bank is benefiting from branch expansion strategy due to competitor pull back[14] - The bank is positioned to benefit from approximately $6 billion in various federal infrastructure projects over the next 5 years[15]