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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Interest and fees on loans $ 10,803 $ 10,416 $ 31,879 $ 30,946
Interest on investment securities available for sale 635 673 1,924 2,140
Interest on investment securities held to maturity 29 35 88 110
Interest on deposits in other banks 57 80 165 183
Total Interest Income 11,524 11,204 34,056 33,379
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 502 611 1,543 1,936
Net Interest Income 11,022 10,593 32,513 31,443
Provision (benefit) for loan losses (785) (1,437) (635) (1,259)
Net Interest Income After Provision (Benefit) for Loan Losses 11,807 12,030 33,148 32,702
Other Operating Income        
Purchased receivable income 757 826 2,227 2,250
Employee benefit plan income 541 609 1,742 1,765
Service charges on deposit accounts 549 536 1,613 1,673
Electronic banking income 567 520 1,607 1,496
Equity in earnings from RML 336 963 1,116 1,669
Gain on sale of securities     318 273
Rental income 26 196 81 594
Other income 467 507 1,380 1,369
Total Other Operating Income 3,243 4,157 10,084 11,089
Other Operating Expense        
Salaries and other personnel expense 6,108 5,484 17,429 16,344
Occupancy expense 851 842 2,597 2,758
Marketing expense 473 436 1,365 1,308
Professional and outside services 479 427 1,137 1,103
Equipment expense 321 257 900 893
Software expense 257 304 789 825
Amortization of low income housing tax investments 240 231 732 693
Internet banking expense 207 171 580 528
Insurance expense 205 236 610 655
Reserve for (recovery from) purchased receivables   349 (31) 349
Intangible asset amortization expense 58 64 175 193
OREO expense, net of rental income and gains on sale (18) 249 (12) 464
Other operating expense 895 942 2,893 2,932
Total Other Operating Expense 10,076 9,992 29,164 29,045
Income Before Provision for Income Taxes 4,974 6,195 14,068 14,746
Provision for income taxes 1,510 1,991 4,235 4,568
Net Income 3,464 4,204 9,833 10,178
Less: Net income (loss) attributable to the noncontrolling interest (10) 138 189 394
Net Income Attributable to Northrim BanCorp $ 3,474 $ 4,066 $ 9,644 $ 9,784
Earnings Per Share, Basic $ 0.53 $ 0.63 $ 1.48 $ 1.51
Earnings Per Share, Diluted $ 0.53 $ 0.62 $ 1.46 $ 1.49
Weighted Average Shares Outstanding, Basic 6,515,455 6,471,572 6,514,441 6,469,673
Weighted Average Shares Outstanding, Diluted 6,607,201 6,570,772 6,594,482 6,570,287