Executive Vice President and Chief Financial Officer Jed W. Ballard of Northrim Bancorp INC (NASDAQ: NRIM) reported purchasing shares of the company's common stock on January 30, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows two separate buys on that date that together amount to $29,979. In the first transaction, Ballard acquired 650 shares at $23.20 per share, for a total of $15,080. Following that purchase, Ballard is recorded as directly owning 19,162 shares of Northrim Bancorp INC common stock.
In a second, distinct transaction the same day, Ballard purchased 640 shares at $23.2799 per share, for a total of $14,899. The Form 4 identifies those 640 shares as being indirectly owned by Ballard through an adult child.
The reported price range for the two purchases was between $23.20 and $23.2799 per share, and the combined value reported for both transactions is $29,979.
In separate corporate finance activity disclosed by the company, Northrim Bancorp announced the completion of a subordinated notes offering totaling $60 million. The notes mature in 2035 and will carry a fixed annual interest rate of 6.875% for the initial five years. After that fixed-rate period, the interest rate will convert to a floating rate. The company indicated the notes will be used as Tier 2 capital for regulatory purposes.
Alongside the notes offering, Northrim Bancorp declared a regular quarterly cash dividend of $0.16 per share. That dividend is scheduled to be paid on March 13, 2026, to shareholders of record as of March 5, 2026. The company previously declared the same $0.16 per-share dividend to be paid on December 26, 2025, to shareholders of record as of December 18, 2025.
These filings and announcements collectively document recent insider purchases by the company CFO, the completion of a subordinated debt issuance intended to bolster Tier 2 regulatory capital, and the maintenance of a regular quarterly cash dividend at $0.16 per share.