Northrim BanCorp reported a net income of $7.2 million, or $1.20 per diluted share, for the first quarter of 2022. The decline in profitability compared to previous quarters was attributed to lower net interest income and mortgage banking income, a reduced benefit for credit loss provisions, and an increased provision for income taxes. These declines were partially offset by a decrease in expenses, primarily due to reduced mortgage loan origination commissions.