{"filing":{"accession_number":"0001163370-26-000027","cik":"0001163370","ticker":"NRIM","company_name":"NORTHRIM BANCORP INC","form":"8-K","filing_date":"2026-07-23","report_date":null,"primary_document":"nrim-20260722.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1163370/000116337026000027/nrim-20260722.htm"},"events":[{"id":19883,"run_id":17895,"accession_number":"0001163370-26-000027","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"summary":"Northrim BanCorp entered into a definitive Agreement and Plan of Merger to acquire PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million, with an exchange ratio of 1.160 Northrim shares per PBCO share. The transaction is expected to close in Q4 2026 or Q1 2027, subject to regulatory approvals and shareholder votes, and will increase Northrim's combined asset base to over $4 billion, representing the company's first out-of-state branch expansion.","company_name":"NORTHRIM BANCORP INC","ticker":"NRIM","filing_date":"2026-07-23","form":"8-K","submitted_at":null,"items":[{"id":19100,"accession_number":"0001163370-26-000027","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"Northrim BanCorp entered into a definitive Agreement and Plan of Merger to acquire PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million. The transaction involves a multi-step merger structure with an exchange ratio of 1.160 Northrim shares per PBCO share, regulatory approvals required, and shareholder votes pending. This is a material acquisition that will increase Northrim's asset base to over $4 billion and represents the company's first out-of-state branch expansion, clearly meeting the definition of material M\u0026A activity under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T12:36:42.588226+00:00","company_name":"","ticker":null,"filing_date":""},{"id":19101,"accession_number":"0001163370-26-000027","item_number":"7.01","item_title":"Regulation FD Disclosure","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The Item 7.01 disclosure announces the execution of a definitive merger agreement under which Northrim BanCorp has agreed to acquire 100% of PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million. The press release and investor presentation detail the material acquisition, including exchange ratio (1.160 shares per PBCO share), expected closing timeline (Q4 2026 or Q1 2027), and combined pro forma financials ($4.2 billion in assets). This is a material M\u0026A activity requiring disclosure under Item 1.01 or 2.01 standards, disclosed here via Regulation FD.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T12:36:42.588226+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":19100,"accession_number":"0001163370-26-000027","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"Northrim BanCorp entered into a definitive Agreement and Plan of Merger to acquire PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million. The transaction involves a multi-step merger structure with an exchange ratio of 1.160 Northrim shares per PBCO share, regulatory approvals required, and shareholder votes pending. This is a material acquisition that will increase Northrim's asset base to over $4 billion and represents the company's first out-of-state branch expansion, clearly meeting the definition of material M\u0026A activity under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T12:36:42.588226+00:00","company_name":"NORTHRIM BANCORP INC","ticker":"NRIM","filing_date":"2026-07-23"},{"id":19101,"accession_number":"0001163370-26-000027","item_number":"7.01","item_title":"Regulation FD Disclosure","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The Item 7.01 disclosure announces the execution of a definitive merger agreement under which Northrim BanCorp has agreed to acquire 100% of PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million. The press release and investor presentation detail the material acquisition, including exchange ratio (1.160 shares per PBCO share), expected closing timeline (Q4 2026 or Q1 2027), and combined pro forma financials ($4.2 billion in assets). This is a material M\u0026A activity requiring disclosure under Item 1.01 or 2.01 standards, disclosed here via Regulation FD.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T12:36:42.588226+00:00","company_name":"NORTHRIM BANCORP INC","ticker":"NRIM","filing_date":"2026-07-23"}]}