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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
2016 Quarter Ended
Dec. 31

Sept. 30

June 30

March 31
 (In Thousands Except Per Share Amounts)

Total interest income

$14,522



$14,860



$14,718



$14,818

Total interest expense
631


647


639


644

Net interest income
13,891


14,213


14,079


14,174

Provision for loan losses
743


652


200


703

Other operating income
10,359


11,935


11,864


9,105

Compensation expense, RML acquisition payments
708

 
3,250

 
687

 
130

Other operating expense
17,646


17,936


18,682


17,241

Income before provision for income taxes
5,153


4,310


6,374


5,205

Provision for income taxes
1,458


1,027


1,868


1,699

Net Income
3,695


3,283


4,506


3,506

Less: Net income attributable to the noncontrolling interest
105


188


156


130

Net income attributable to Northrim Bancorp, Inc.

$3,590



$3,095



$4,350



$3,376

Earnings per share, basic

$0.52



$0.45



$0.63



$0.49

Earnings per share, diluted

$0.51



$0.44



$0.63



$0.48

 
 
 
 
 
 
 
 
2015 Quarter Ended
Dec. 31

Sept. 30

June 30

March 31
 (In Thousands Except Per Share Amounts)

Total interest income

$15,063



$15,388



$14,943



$14,386

Total interest expense
663


706


748


754

Net interest income
14,400


14,682


14,195


13,632

Provision for loan losses
376


676


376


326

Other operating income
10,104


12,407


11,563


10,535

Compensation expense, RML acquisition payments
1,225

 
780

 
587

 
1,502

Other operating expense
17,004


17,423


17,166


16,959

Income before provision for income taxes
5,899


8,210


7,629


5,380

Provision for income taxes
1,673


2,678


2,686


1,747

Net Income
4,226


5,532


4,943


3,633

Less: Net income attributable to the noncontrolling interest
120


197


162


72

Net income attributable to Northrim Bancorp, Inc.

$4,106



$5,335



$4,781



$3,561

Earnings per share, basic

$0.60



$0.78



$0.70



$0.52

Earnings per share, diluted

$0.59



$0.77



$0.69



$0.51