Northrim News

May 9, 2011

Northrim BanCorp to Present at D.A. Davidson’s 13th Annual Financial Services Conference

ANCHORAGE, AK—May 9, 2011—Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that it will present at D.A. Davidson’s 13th Annual Financial Services Conference at the Bell Harbor Conference Center in Seattle, Washington. Joe Beedle, Northrim Bank’s President, and Joe Schierhorn, Chief Financial Officer, are scheduled to present on Wednesday, May 11, 2011, at 3:45 p.m. PDT. The presentation will be archived for 90 days after the conference, and can be viewed at http://www.wsw.com/webcast/dadco21/nrim/.

On April 26, Northrim reported its net income increased 29% to $2.5 million, or $0.37 per diluted share, in the first quarter of 2011, compared to $1.8 million, or $0.28 per diluted share in the fourth quarter of 2010 and $1.9 million, or $0.29 per diluted share in the first quarter a year ago. Northrim remains well-capitalized with Tier 1 Capital/risk adjusted assets at 14.97%, and tangible common equity to tangible assets at quarter end was 10.13%.

About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of Northrim Bank, a commercial bank that provides personal and business banking services through locations in Anchorage, Eagle River, Wasilla, and Fairbanks, Alaska, and a factoring/asset based lending division in Washington. The Bank differentiates itself with a “Customer First Service” philosophy. Affiliated companies include Elliott Cove Capital Management, LLC; Residential Mortgage, LLC; Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC
www.northrim.com