XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Interest and fees on loans and loans held for sale $ 13,710 $ 14,135 $ 27,488 $ 27,602
Interest on investment securities available for sale 953 759 1,933 1,644
Interest on investment securities held to maturity 14 25 27 48
Interest on deposits in other banks 41 24 88 35
Total Interest Income 14,718 14,943 29,536 29,329
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 639 748 1,283 1,502
Net Interest Income 14,079 14,195 28,253 27,827
Provision for loan losses 200 376 903 702
Net Interest Income After Provision for Loan Losses 13,879 13,819 27,350 27,125
Other Operating Income        
Mortgage banking income 8,510 7,859 14,206 15,165
Employee benefit plan income 936 931 1,900 1,708
Bankcard fees 675 669 1,308 1,258
Purchased receivable income 531 562 1,065 1,151
Service charges on deposit accounts 510 568 1,009 1,058
Gain (loss) on sale of securities, net 12 16 (11) 130
Other income 690 958 1,492 1,628
Total Other Operating Income 11,864 11,563 20,969 22,098
Other Operating Expense        
Salaries and other personnel expense 12,011 11,125 23,262 21,675
Occupancy expense 1,697 1,594 3,305 3,198
Data processing expense 1,146 1,104 2,230 2,200
Professional and outside services 785 791 1,492 1,542
Change in fair value, RML earn-out liability 687 587 817 2,089
Marketing expense 615 642 1,353 1,259
Loss on sale of premises and equipment 358 7 358 7
Insurance expense 263 345 578 669
OREO (income) expense, net rental income and gains on sale 127 (121) 101 176
Intangible asset amortization expense 35 72 70 145
Other operating expense 1,645 1,607 3,174 3,254
Total Other Operating Expense 19,369 17,753 36,740 36,214
Income Before Provision for Income Taxes 6,374 7,629 11,579 13,009
Provision for income taxes 1,868 2,686 3,567 4,433
Net Income 4,506 4,943 8,012 8,576
Less: Net income attributable to the noncontrolling interest 156 162 286 234
Net Income Attributable to Northrim BanCorp, Inc. $ 4,350 $ 4,781 $ 7,726 $ 8,342
Earnings Per Share, Basic (in USD per share) $ 0.63 $ 0.70 $ 1.12 $ 1.22
Earnings Per Share, Diluted (in USD per share) $ 0.63 $ 0.69 $ 1.11 $ 1.20
Weighted Average Shares Outstanding, Basic (in shares) 6,877,140 6,854,338 6,877,140 6,854,264
Weighted Average Shares Outstanding, Diluted (in shares) 6,968,891 6,941,671 6,966,905 6,938,879