XML 111 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Interest and fees on loans $ 51,627us-gaap_InterestAndFeeIncomeLoansAndLeases $ 43,137us-gaap_InterestAndFeeIncomeLoansAndLeases $ 41,515us-gaap_InterestAndFeeIncomeLoansAndLeases
Interest on investment securities available for sale 3,042us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 2,603us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 2,796us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Interest on investment securities held to maturity 91us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 111us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 139us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity
Interest on deposits in other banks 198us-gaap_InterestIncomeDepositsWithFinancialInstitutions 223us-gaap_InterestIncomeDepositsWithFinancialInstitutions 278us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total Interest Income 54,958us-gaap_InterestAndDividendIncomeOperating 46,074us-gaap_InterestAndDividendIncomeOperating 44,728us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Interest expense on deposits, borrowings and junior subordinated debentures 2,053us-gaap_InterestExpense 2,040us-gaap_InterestExpense 2,505us-gaap_InterestExpense
Net Interest Income 52,905us-gaap_InterestIncomeExpenseNet 44,034us-gaap_InterestIncomeExpenseNet 42,223us-gaap_InterestIncomeExpenseNet
Provision (benefit) for loan losses (636)us-gaap_ProvisionForLoanAndLeaseLosses (635)us-gaap_ProvisionForLoanAndLeaseLosses (1,559)us-gaap_ProvisionForLoanAndLeaseLosses
Net Interest Income After Provision (Benefit) for Loan Losses 53,541us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 44,669us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 43,782us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Other Operating Income      
Employee benefit plan income 3,497nrim_EmployeeBenefitPlanIncome 2,341nrim_EmployeeBenefitPlanIncome 2,369nrim_EmployeeBenefitPlanIncome
Gain on purchase of mortgage affiliate 3,001us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Electronic banking income 2,356nrim_ElectronicBankingIncome 2,151nrim_ElectronicBankingIncome 2,058nrim_ElectronicBankingIncome
Service charges on deposit accounts 2,155us-gaap_FeesAndCommissionsDepositorAccounts 2,116us-gaap_FeesAndCommissionsDepositorAccounts 2,201us-gaap_FeesAndCommissionsDepositorAccounts
Purchased receivable income 2,074us-gaap_InterestIncomePurchasedReceivables 2,797us-gaap_InterestIncomePurchasedReceivables 3,026us-gaap_InterestIncomePurchasedReceivables
Mortgage banking income 1,620us-gaap_FeesAndCommissionsMortgageBanking 0us-gaap_FeesAndCommissionsMortgageBanking 0us-gaap_FeesAndCommissionsMortgageBanking
Gain on sale of premises and equipment 1,115us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Equity in earnings from RML 894nrim_EquityInEarningsLossFromEntity 1,227nrim_EquityInEarningsLossFromEntity 2,635nrim_EquityInEarningsLossFromEntity
Gain on sale of securities 461us-gaap_GainLossOnSaleOfSecuritiesNet 333us-gaap_GainLossOnSaleOfSecuritiesNet 336us-gaap_GainLossOnSaleOfSecuritiesNet
Rental income 260us-gaap_RentalIncomeNonoperating 108us-gaap_RentalIncomeNonoperating 773us-gaap_RentalIncomeNonoperating
Other income 3,104us-gaap_OtherOperatingIncome 1,813us-gaap_OtherOperatingIncome 2,034us-gaap_OtherOperatingIncome
Total Other Operating Income 20,537us-gaap_NoninterestIncome 12,886us-gaap_NoninterestIncome 15,432us-gaap_NoninterestIncome
Other Operating Expense      
Salaries and other personnel expense 27,758us-gaap_LaborAndRelatedExpense 23,796us-gaap_LaborAndRelatedExpense 22,032us-gaap_LaborAndRelatedExpense
Occupancy expense 4,360us-gaap_OccupancyNet 3,464us-gaap_OccupancyNet 3,615us-gaap_OccupancyNet
Marketing expense 2,059us-gaap_MarketingExpense 1,853us-gaap_MarketingExpense 1,975us-gaap_MarketingExpense
Merger and acquisition expense 1,962us-gaap_BusinessCombinationAcquisitionRelatedCosts 536us-gaap_BusinessCombinationAcquisitionRelatedCosts 0us-gaap_BusinessCombinationAcquisitionRelatedCosts
Equipment expense 1,465us-gaap_EquipmentExpense 1,239us-gaap_EquipmentExpense 1,205us-gaap_EquipmentExpense
Professional and outside services 1,437us-gaap_ProfessionalFees 1,268us-gaap_ProfessionalFees 1,479us-gaap_ProfessionalFees
Amortization of low income housing tax investments 1,337nrim_AmortizationOfLowIncomeHousingTaxInvestments 969nrim_AmortizationOfLowIncomeHousingTaxInvestments 921nrim_AmortizationOfLowIncomeHousingTaxInvestments
Software expense 1,275us-gaap_InformationTechnologyAndDataProcessing 1,066us-gaap_InformationTechnologyAndDataProcessing 1,111us-gaap_InformationTechnologyAndDataProcessing
Insurance expense 1,031us-gaap_GeneralInsuranceExpense 821us-gaap_GeneralInsuranceExpense 913us-gaap_GeneralInsuranceExpense
Internet banking expense 900nrim_InternetBankingExpense 778nrim_InternetBankingExpense 701nrim_InternetBankingExpense
Reserve for purchased receivables 704nrim_PurchasedReceivablesReserve 100nrim_PurchasedReceivablesReserve 357nrim_PurchasedReceivablesReserve
Intangible asset amortization expense 289us-gaap_AmortizationOfIntangibleAssets 228us-gaap_AmortizationOfIntangibleAssets 252us-gaap_AmortizationOfIntangibleAssets
OREO (income) expense, net rental income and gains on sale (416)nrim_OtherRealEstateOwnedExpenseNetIncludingImpairment (60)nrim_OtherRealEstateOwnedExpenseNetIncludingImpairment 1,089nrim_OtherRealEstateOwnedExpenseNetIncludingImpairment
Other operating expense 5,214us-gaap_OtherNoninterestExpense 3,808us-gaap_OtherNoninterestExpense 3,950us-gaap_OtherNoninterestExpense
Total Other Operating Expense 49,375us-gaap_NoninterestExpense 39,866us-gaap_NoninterestExpense 39,600us-gaap_NoninterestExpense
Income Before Provision for Income Taxes 24,703us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 17,689us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 19,614us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 6,836us-gaap_IncomeTaxExpenseBenefit 5,277us-gaap_IncomeTaxExpenseBenefit 6,156us-gaap_IncomeTaxExpenseBenefit
Net Income 17,867us-gaap_ProfitLoss 12,412us-gaap_ProfitLoss 13,458us-gaap_ProfitLoss
Less: Net income attributable to the noncontrolling interest 459us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 87us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 512us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Income Attributable to Northrim BanCorp $ 17,408us-gaap_NetIncomeLoss $ 12,325us-gaap_NetIncomeLoss $ 12,946us-gaap_NetIncomeLoss
Earnings per share, basic (USD per share) $ 2.57us-gaap_EarningsPerShareBasic $ 1.89us-gaap_EarningsPerShareBasic $ 2.00us-gaap_EarningsPerShareBasic
Earnings per share, diluted (USD per share) $ 2.54us-gaap_EarningsPerShareDiluted $ 1.87us-gaap_EarningsPerShareDiluted $ 1.97us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding, Basic (shares) 6,761,328us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,518,772us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,477,266us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Shares Outstanding, Diluted (shares) 6,852,267us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 6,609,950us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 6,574,993us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding