XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans $ 10,305 $ 10,709 $ 20,530 $ 21,396
Interest on investment securities-available for sale 718 663 1,467 1,534
Interest on investment securities-held to maturity 37 59 75 120
Interest on deposits in other banks 63 55 103 88
Total Interest Income 11,123 11,486 22,175 23,138
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 627 904 1,325 1,881
Net Interest Income 10,496 10,582 20,850 21,257
Provision for loan losses 89 550 178 1,099
Net Interest Income After Provision for Loan Losses 10,407 10,032 20,672 20,158
Other Operating Income        
Purchased receivable income 712 565 1,424 1,191
Employee benefit plan income 616 593 1,156 1,093
Service charges on deposit accounts 569 594 1,137 1,118
Electronic banking income 493 467 976 916
Rental income 204 191 402 387
Gain on sale of securities 246   273 263
Other income 480 390 858 662
Total Other Operating Income 3,725 3,070 6,932 5,848
Other Operating Expense        
Salaries and other personnel expense 5,154 5,200 10,860 10,516
Occupancy 920 997 1,916 1,907
Marketing expense 435 443 872 880
Equipment expense 342 292 636 596
Insurance expense 301 295 419 731
Professional and outside services 287 304 676 617
Software expense 270 277 521 517
Amortization of low income housing tax investments 234 235 462 451
Internet banking expense 185 158 357 311
OREO (income) expense, net of rental income and gains on sale 118 (742) 215 (881)
Intangible asset amortization expense 65 71 129 141
Other operating expense 984 1,059 1,990 2,129
Total Other Operating Expense 9,295 8,589 19,053 17,915
Income Before Provision for Income Taxes 4,837 4,513 8,551 8,091
Provision for income taxes 1,551 1,198 2,577 2,232
Net Income 3,286 3,315 5,974 5,859
Less: Net income attributable to the noncontrolling interest 144 133 256 222
Net Income Attributable to Northrim BanCorp 3,142 3,182 5,718 5,637
Earnings Per Share, Basic $ 0.49 $ 0.49 $ 0.88 $ 0.88
Earnings Per Share, Diluted $ 0.48 $ 0.49 $ 0.87 $ 0.86
Weighted Average Shares Outstanding, Basic 6,469,909 6,431,060 6,468,724 6,429,895
Weighted Average Shares Outstanding, Diluted 6,573,729 6,549,744 6,570,094 6,548,557
RML [Member]
       
Other Operating Income        
Equity in earnings from RML $ 405 $ 270 $ 706 $ 218