Leases (Tables)

9 Months Ended

Sep. 30, 2025

Additional Information about Operating Leases

The following table presents additional information about the Company's operating leases for the periods indicated:


		Three Months Ended September 30,		Nine Months Ended September 30,
(In Thousands)		2025	2024	2025		2024
Lease Cost
	Operating lease cost(1)	$795	$743	$2,264		$2,225
	Short term lease cost(1)	42	23	206		74
	Total lease cost	$837	$766	$2,470		$2,299

Other information
	Operating leases - operating cash flows			$2,052		$2,076
	Weighted average lease term - operating leases, in years			12.40		11.07
	Weighted average discount rate - operating leases			3.83	%	3.63	%
(1)	Expenses are classified within occupancy expense on the Consolidated Statements of Income.

Schedule of Undiscounted Cash Flows for Operating Lease Liabilities

The table below reconciles the remaining undiscounted cash flows for the next five years for each twelve-month period presented (unless otherwise indicated) and the total of the subsequent remaining years to the operating lease liabilities recorded on the balance sheet:


(In Thousands)			Operating Leases
2025 (Three months)			$675
2026			1,545
2027			1,059
2028			731
2029			553
Thereafter			3,755
Total minimum lease payments			$8,318
Less: amount of lease payment representing interest			(1,759)
Present value of future minimum lease payments			$6,559

NORTHRIM BANCORP INC 10-Q