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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Interest and fees on loans and loans held for sale $ 13,238 $ 13,778
Interest on investment securities available for sale 1,164 980
Interest on investment securities held to maturity 15 13
Interest on deposits in other banks 48 47
Total Interest Income 14,465 14,818
Interest Expense    
Interest expense on deposits 445 471
Interest expense on securities sold under agreements to repurchase 8 7
Interest expense on borrowings 38 44
Interest expense on junior subordinated debentures 141 122
Total Interest Expense 632 644
Net Interest Income 13,833 14,174
Provision for loan losses 400 703
Net Interest Income After Provision for Loan Losses 13,433 13,471
Other Operating Income    
Mortgage banking income 5,450 5,696
Employee benefit plan income 936 964
Bankcard fees 572 633
Purchased receivable income 689 534
Service charges on deposit accounts 439 499
Gain (loss) on sale of securities, net 14 (23)
Other income 796 802
Total Other Operating Income 8,896 9,105
Other Operating Expense    
Salaries and other personnel expense 10,842 11,251
Occupancy expense 1,621 1,608
Data processing expense 1,238 1,150
Professional and outside services 622 641
Marketing expense 510 738
Insurance expense 253 315
OREO (income) expense, net rental income and gains on sale 177 (26)
Compensation expense - RML acquisition payments 174 130
Intangible asset amortization expense 26 35
Other operating expense 1,143 1,529
Total Other Operating Expense 16,606 17,371
Income Before Provision for Income Taxes 5,723 5,205
Provision for income taxes 1,801 1,699
Net Income 3,922 3,506
Less: Net income attributable to the noncontrolling interest 97 130
Net Income Attributable to Northrim BanCorp, Inc. $ 3,825 $ 3,376
Earnings Per Share, Basic (in USD per share) $ 0.55 $ 0.49
Earnings Per Share, Diluted (in USD per share) $ 0.55 $ 0.48
Weighted Average Shares Outstanding, Basic (in shares) 6,909,780 6,877,140
Weighted Average Shares Outstanding, Diluted (in shares) 6,993,726 6,964,707