XML 28 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates two primary segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. As of December 31, 2014, the Community Banking segment operated 14 branches throughout Alaska. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for 1-4 family residential properties.
Prior to December 1, 2014, Home Mortgage Lending income was limited to equity in earnings from RML.
Summarized financial information for the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables:
December 31, 2014
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$54,205

 

$753

 

$54,958

Interest expense
1,943

 
110

 
2,053

   Net interest income
52,262

 
643

 
52,905

Provision (benefit) for loan losses
(636
)
 

 
(636
)
Other operating income
17,929

 
2,608

 
20,537

Other operating expense
47,502

 
1,873

 
49,375

   Income before provision for income taxes
23,325

 
1,378

 
24,703

Provision for income taxes
6,224

 
612

 
6,836

Net income
17,101

 
766

 
17,867

Less: net income attributable to the noncontrolling interest
459

 

 
459

Net income attributable to Northrim BanCorp

$16,642

 

$766

 

$17,408

 
 
 
 
 
 
Total assets

$1,391,862

 

$57,487

 

$1,449,349

Loans held for resale

$—

 

$43,866

 

$43,866

Borrowings

$2,164

 

$24,140

 

$26,304


December 31, 2013
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$46,074

 

$—

 

$46,074

Interest expense
2,040

 

 
2,040

   Net interest income
44,034

 

 
44,034

Provision (benefit) for loan losses
(635
)
 

 
(635
)
Other operating income
11,659

 
1,227

 
12,886

Other operating expense
39,866

 

 
39,866

   Income before provision for income taxes
16,462

 
1,227

 
17,689

Provision for income taxes
4,773

 
504

 
5,277

Net income
11,689

 
723

 
12,412

Less: net income attributable to the noncontrolling interest
87

 

 
87

Net income attributable to Northrim BanCorp

$11,602

 

$723

 

$12,325

 
 
 
 
 
 
Total assets

$1,215,006

 

$—

 

$1,215,006

Loans held for resale

$11,301

 

$—

 

$11,301

Borrowings

$6,527

 

$—

 

$6,527