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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Interest and fees on loans and loans held for sale $ 13,601 $ 13,710 $ 26,839 $ 27,488
Interest on investment securities available for sale 1,210 953 2,374 1,933
Interest on investment securities held to maturity 17 14 32 27
Interest on deposits in other banks 64 41 112 88
Total Interest Income 14,892 14,718 29,357 29,536
Interest Expense        
Interest expense on deposits 451 479 896 950
Interest expense on securities sold under agreements to repurchase 8 7 16 15
Interest expense on borrowings 39 28 77 71
Interest expense on junior subordinated debentures 150 125 291 247
Total Interest Expense 648 639 1,280 1,283
Net Interest Income 14,244 14,079 28,077 28,253
Provision for loan losses 300 200 700 903
Net Interest Income After Provision for Loan Losses 13,944 13,879 27,377 27,350
Other Operating Income        
Mortgage banking income 6,351 8,510 11,801 14,206
Employee benefit plan income 961 936 1,897 1,900
Purchased receivable income 776 531 1,465 1,065
Bankcard fees 614 675 1,186 1,308
Service charges on deposit accounts 409 510 848 1,009
Gain (loss) on sale of securities, net 0 12 14 (11)
Other income 607 690 1,403 1,492
Total Other Operating Income 9,718 11,864 18,614 20,969
Other Operating Expense        
Salaries and other personnel expense 11,793 12,011 22,635 23,262
Occupancy expense 1,664 1,697 3,285 3,305
Data processing expense 1,409 1,146 2,647 2,230
Marketing expense 891 615 1,401 1,353
Professional and outside services 612 785 1,234 1,492
Insurance expense 194 263 447 578
OREO expense, net rental income and gains on sale 83 127 260 101
Loss on disposal of premises and equipment 83 358 3 358
Intangible asset amortization expense 27 35 53 70
Compensation expense - RML acquisition payments 0 687 174 817
Other operating expense 1,710 1,645 2,933 3,174
Total Other Operating Expense 18,466 19,369 35,072 36,740
Income Before Provision for Income Taxes 5,196 6,374 10,919 11,579
Provision for income taxes 1,455 1,868 3,256 3,567
Net Income 3,741 4,506 7,663 8,012
Less: Net income attributable to the noncontrolling interest 152 156 249 286
Net Income Attributable to Northrim BanCorp, Inc. $ 3,589 $ 4,350 $ 7,414 $ 7,726
Earnings Per Share, Basic (in USD per share) $ 0.52 $ 0.63 $ 1.07 $ 1.12
Earnings Per Share, Diluted (in USD per share) $ 0.51 $ 0.63 $ 1.06 $ 1.11
Weighted Average Shares Outstanding, Basic (in shares) 6,910,679 6,877,140 6,910,230 6,877,140
Weighted Average Shares Outstanding, Diluted (in shares) 6,997,727 6,968,891 6,996,160 6,966,905