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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 10,416 $ 10,392 $ 30,946 $ 31,788
Interest on investment securities-available for sale 673 717 2,140 2,251
Interest on investment securities-held to maturity 35 49 110 169
Interest on deposits in other banks 80 72 183 160
Total Interest Income 11,204 11,230 33,379 34,368
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 611 876 1,936 2,757
Net Interest Income 10,593 10,354 31,443 31,611
Provision (benefit) for loan losses (1,437) 550 (1,259) 1,649
Net Interest Income After Provision (Benefit) for Loan Losses 12,030 9,804 32,702 29,962
Other Operating Income        
Purchased receivable income 826 695 2,250 1,886
Employee benefit plan income 609 536 1,765 1,629
Service charges on deposit accounts 536 609 1,673 1,727
Electronic banking income 520 508 1,496 1,424
Equity in earnings from RML 963 357 1,669 575
Rental income 192 190 594 577
Gain on sale of securities   33 273 296
Other income 511 434 1,369 1,096
Total Other Operating Income 4,157 3,362 11,089 9,210
Other Operating Expense        
Salaries and other personnel expense 5,484 5,230 16,344 15,746
Occupancy 842 914 2,758 2,821
Marketing expense 436 435 1,308 1,315
Professional and outside services 427 370 1,103 1,045
Reserve for purchased receivables 349   349  
Software expense 304 257 825 774
Equipment expense 257 291 893 887
Insurance expense 236 391 655 1,122
OREO (income) expense, net of rental income and gains on sale 249 (14) 464 (895)
Amortization of low income housing tax investments 231 224 693 675
Internet banking expense 171 162 528 473
Intangible asset amortization expense 64 70 193 211
Other operating expense 942 1,099 2,932 3,170
Total Other Operating Expense 9,992 9,429 29,045 27,344
Income Before Provision for Income Taxes 6,195 3,737 14,746 11,828
Provision for income taxes 1,991 1,125 4,568 3,357
Net Income 4,204 2,612 10,178 8,471
Less: Net income attributable to the noncontrolling interest 138 106 394 328
Net Income Attributable to Northrim BanCorp $ 4,066 $ 2,506 $ 9,784 $ 8,143
Earnings Per Share, Basic $ 0.63 $ 0.39 $ 1.51 $ 1.27
Earnings Per Share, Diluted $ 0.62 $ 0.38 $ 1.49 $ 1.24
Weighted Average Shares Outstanding, Basic 6,471,572 6,436,178 6,469,673 6,431,989
Weighted Average Shares Outstanding, Diluted 6,570,772 6,554,776 6,570,287 6,553,462