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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Interest and fees on loans $ 10,871 $ 10,342
Interest on investment securities available for sale 730 659
Interest on investment securities held to maturity 23 29
Interest on deposits in other banks 49 62
Total Interest Income 11,673 11,092
Interest Expense    
Interest expense on deposits, borrowings and junior subordinated debentures 440 530
Net Interest Income 11,233 10,562
Provision for loan losses 0 150
Net Interest Income After Provision for Loan Losses 11,233 10,412
Other Operating Income    
Employee benefit plan income 876 569
Electronic banking income 500 504
Purchased receivable income 481 702
Service charges on deposit accounts 476 525
Gain on sale of securities 97 218
Equity in earnings (loss) from RML (131) 242
Other income 435 379
Total Other Operating Income 2,734 3,139
Other Operating Expense    
Salaries and other personnel expense 5,920 5,735
Occupancy expense 877 888
Professional and outside services 724 349
Marketing expense 614 447
Amortization of low income housing tax investments 342 245
Equipment expense 298 278
Software expense 260 265
Internet banking expense 200 184
Insurance expense 185 144
Intangible asset amortization expense 52 58
OREO (income) expense, net rental income and gains on sale (238) (6)
Other operating expense 1,075 1,110
Total Other Operating Expense 10,309 9,697
Income Before Provision for Income Taxes 3,658 3,854
Provision for income taxes 955 1,090
Net Income 2,703 2,764
Less: Net income attributable to the noncontrolling interest 45 90
Net Income Attributable to Northrim BanCorp $ 2,658 $ 2,674
Earnings Per Share, Basic (USD per share) $ 0.41 $ 0.41
Earnings per share, diluted (USD per share) $ 0.40 $ 0.41
Weighted Average Shares Outstanding, Basic (shares) 6,537,652 6,512,455
Weighted Average Shares Outstanding, Diluted (shares) 6,629,330 6,590,807