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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Interest and fees on loans $ 13,437 $ 10,803 $ 37,390 $ 31,879
Interest on investment securities available for sale 696 635 2,176 1,924
Interest on investment securities held to maturity 24 29 69 88
Interest on deposits in other banks 55 57 145 165
Total Interest Income 14,212 11,524 39,780 34,056
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 487 502 1,411 1,543
Net Interest Income 13,725 11,022 38,369 32,513
Provision (Benefit) for loan losses 0 (785) (1,136) (635)
Net Interest Income After Provision (Benefit) for Loan Losses 13,725 11,807 39,505 33,148
Other Operating Income        
Gain on sale of premises and equipment 1,115 0 1,115 0
Employee benefit plan income 899 541 2,653 1,742
Service charges on deposit accounts 599 549 1,682 1,613
Electronic banking income 590 567 1,694 1,607
Purchased receivable income 582 757 1,547 2,227
Equity in earnings from RML 384 336 608 1,116
Gain on sale of securities, net 15 0 461 318
Other income 750 493 2,014 1,461
Total Other Operating Income 4,934 3,243 11,774 10,084
Other Operating Expense        
Salaries and other personnel expense 7,107 6,108 19,866 17,429
Merger and acquisition expense 1,031 158 1,736 160
Occupancy expense 1,041 851 3,030 2,597
Marketing expense 417 473 1,425 1,365
Equipment expense 405 321 1,062 900
Software expense 383 257 997 789
Amortization of low income housing tax investments 331 240 1,003 732
Insurance expense 319 205 788 610
Professional and outside services 323 321 947 977
Internet banking expense 264 207 677 580
Reserve for (recovery from) purchased receivables 241 0 447 (31)
Intangible asset amortization expense 81 58 214 175
OREO (income) expense, net rental income and gains on sale (68) (18) (315) (12)
Other operating expense 1,235 895 3,494 2,893
Total Other Operating Expense 13,110 10,076 35,371 29,164
Income Before Provision for Income Taxes 5,549 4,974 15,908 14,068
Provision for income taxes 1,651 1,510 4,845 4,235
Net Income 3,898 3,464 11,063 9,833
Less: Net income (loss) attributable to the noncontrolling interest 191 (10) 329 189
Net Income Attributable to Northrim BanCorp $ 3,707 $ 3,474 $ 10,734 $ 9,644
Earnings Per Share, Basic (USD per share) $ 0.54 $ 0.53 $ 1.59 $ 1.48
Earnings Per Share, Diluted (USD per share) $ 0.53 $ 0.53 $ 1.57 $ 1.46
Weighted Average Shares Outstanding, Basic (shares) 6,831,976 6,515,455 6,733,175 6,514,441
Weighted Average Shares Outstanding, Diluted (shares) 6,919,993 6,607,201 6,822,288 6,594,482