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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 13,082 $ 10,734 $ 23,953 $ 21,076
Interest on investment securities available for sale 750 630 1,480 1,289
Interest on investment securities held to maturity 22 30 45 59
Interest on deposits in other banks 41 46 90 108
Total Interest Income 13,895 11,440 25,568 22,532
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 484 511 924 1,041
Net Interest Income 13,411 10,929 24,644 21,491
Provision for loan losses (1,136) 0 (1,136) 150
Net Interest Income After Provision for Loan Losses 14,547 10,929 25,780 21,341
Other Operating Income        
Employee benefit plan income 878 632 1,754 1,201
Service charges on deposit accounts 607 539 1,083 1,064
Electronic banking income 604 536 1,104 1,040
Purchased receivable income 484 768 965 1,470
Equity in earnings from RML 355 538 224 780
Gain on sale of securities, net 349 100 446 318
Other income 829 589 1,264 968
Total Other Operating Income 4,106 3,702 6,840 6,841
Other Operating Expense        
Salaries and other personnel expense 6,839 5,586 12,759 11,321
Occupancy expense 1,112 858 1,989 1,746
Professional and outside services 410 309 1,134 658
Marketing expense 394 445 1,008 892
Equipment expense 359 301 657 579
Software expense 354 267 614 532
Amortization of low income housing tax investments 330 247 672 492
Insurance expense 284 261 469 405
Reserve for (recovery from) purchased receivables 243 (115) 206 (31)
Internet banking expense 213 189 413 373
Intangible asset amortization expense 81 59 133 117
OREO (income) expense, net rental income and gains on sale (9) 12 (247) 6
Other operating expense 1,340 972 2,453 1,998
Total Other Operating Expense 11,950 9,391 22,260 19,088
Income Before Provision for Income Taxes 6,703 5,240 10,360 9,094
Provision for income taxes 2,239 1,635 3,194 2,725
Net Income 4,464 3,605 7,166 6,369
Less: Net income attributable to the noncontrolling interest 95 109 139 199
Net Income Attributable to Northrim BanCorp $ 4,369 $ 3,496 $ 7,027 $ 6,170
Earnings Per Share, Basic (USD per share) $ 0.64 $ 0.54 $ 1.05 $ 0.95
Earnings per share, diluted (USD per share) $ 0.63 $ 0.53 $ 1.04 $ 0.94
Weighted Average Shares Outstanding, Basic (shares) 6,829,897 6,515,414 6,683,897 6,513,935
Weighted Average Shares Outstanding, Diluted (shares) 6,919,568 6,591,003 6,774,434 6,590,899