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Segment Information
3 Months Ended
Mar. 31, 2015
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 March 31, 2015, 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:
 
Three Months Ended March 31, 2015
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$13,990

 

$396

 

$14,386

Interest expense
474

 
280

 
754

   Net interest income
13,516

 
116

 
13,632

Provision (benefit) for loan losses
326

 

 
326

Other operating income
3,252

 
7,283

 
10,535

Other operating expense
13,324

 
5,137

 
18,461

   Income before provision for income taxes
3,118

 
2,262

 
5,380

Provision for income taxes
813

 
934

 
1,747

Net income
2,305

 
1,328

 
3,633

Less: net income attributable to the noncontrolling interest
72

 

 
72

Net income attributable to Northrim BanCorp

$2,233

 

$1,328

 

$3,561


 
Three Months Ended March 31, 2014
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$11,673

 

$—

 

$11,673

Interest expense
440

 

 
440

   Net interest income
11,233

 

 
11,233

Provision (benefit) for loan losses

 

 

Other operating income (loss)
2,865

 
(131
)
 
2,734

Other operating expense
9,967

 

 
9,967

   Income before provision for income taxes
4,131

 
(131
)
 
4,000

Provision for income taxes
1,351

 
(54
)
 
1,297

Net income (loss)
2,780

 
(77
)
 
2,703

Less: net income attributable to the noncontrolling interest
45

 

 
45

Net income (loss) attributable to Northrim BanCorp

$2,735

 

($77
)
 

$2,658


March 31, 2015
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,369,167

 

$78,817

 

$1,447,984

Loans held for sale

$—

 

$61,873

 

$61,873

Borrowings

$2,153

 

$20,416

 

$22,569


December 31, 2014
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,391,862

 

$57,487

 

$1,449,349

Loans held for sale

$—

 

$43,866

 

$43,866

Borrowings

$2,164

 

$24,140

 

$26,304