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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans and loans held for sale $ 13,866 $ 14,484 $ 41,354 $ 42,086
Interest on investment securities available for sale 930 844 2,863 2,488
Interest on investment securities held to maturity 14 13 41 61
Interest on deposits in other banks 50 47 138 82
Total Interest Income 14,860 15,388 44,396 44,717
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 647 706 1,930 2,208
Net Interest Income 14,213 14,682 42,466 42,509
Provision for loan losses 652 676 1,555 1,378
Net Interest Income After Provision for Loan Losses 13,561 14,006 40,911 41,131
Other Operating Income        
Mortgage banking income 8,341 8,138 22,547 23,303
Employee benefit plan income 999 1,004 2,899 2,712
Bankcard fees 687 689 1,995 1,947
Purchased receivable income 579 587 1,644 1,738
Service charges on deposit accounts 516 559 1,525 1,617
Gain (loss) on sale of securities, net 0 4 (11) 134
Other income 813 1,426 2,305 3,054
Total Other Operating Income 11,935 12,407 32,904 34,505
Other Operating Expense        
Salaries and other personnel expense 12,158 11,440 35,420 33,115
Compensation expense - RML acquisition payments 3,250 780 4,067 2,869
Occupancy expense 1,567 1,522 4,872 4,720
Data processing expense 1,121 1,043 3,351 3,243
Professional and outside services 761 642 2,252 2,184
Marketing expense 500 565 1,853 1,824
Insurance expense 265 406 844 1,075
Intangible asset amortization expense 35 73 106 218
Loss on sale of premises and equipment 6 0 365 7
OREO (income) expense, net rental income and gains on sale (32) 152 70 328
Other operating expense 1,555 1,580 4,726 4,835
Total Other Operating Expense 21,186 18,203 57,926 54,418
Income Before Provision for Income Taxes 4,310 8,210 15,889 21,218
Provision for income taxes 1,027 2,678 4,594 7,111
Net Income 3,283 5,532 11,295 14,107
Less: Net income attributable to the noncontrolling interest 188 197 474 431
Net Income Attributable to Northrim BanCorp, Inc. $ 3,095 $ 5,335 $ 10,821 $ 13,676
Earnings Per Share, Basic (in USD per share) $ 0.45 $ 0.78 $ 1.57 $ 2.00
Earnings Per Share, Diluted (in USD per share) $ 0.44 $ 0.77 $ 1.55 $ 1.97
Weighted Average Shares Outstanding, Basic (in shares) 6,882,482 6,856,059 6,878,921 6,854,862
Weighted Average Shares Outstanding, Diluted (in shares) 6,973,354 6,952,209 6,968,557 6,941,861