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Northrim BanCorp 2009 Profits Grow 27% to $7.7 Million or $1.20 Per Share


ANCHORAGE, Ala., Jan. 26, 2010 (GLOBE NEWSWIRE) -- Northrim BanCorp,
Inc. (Nasdaq:NRIM) today reported a 27% increase in profits for 2009
compared to 2008. Northrim BanCorp earned $7.7 million, or $1.20 per
diluted share in 2009, compared to $6.1 million, or $0.95 per diluted
share a year ago. In the fourth quarter ended December 31, 2009, net
income totaled $1.9 million, or $0.30 per diluted share, equal to
earnings of $1.9 million in the third quarter of 2009 and more than
double the $946,000, or $0.14 per diluted share earned in the fourth
quarter of 2008.
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