XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Information
Summarized financial information for the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables:
 
Three Months Ended September 30, 2017
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$14,953

 

$566

 

$15,519

Interest expense
388

 
214

 
602

   Net interest income
14,565

 
352

 
14,917

Provision for loan losses
2,500

 
—

 
2,500

Other operating income
7,575

 
6,219

 
13,794

Compensation expense - RML acquisition payments
149

 
—

 
149

Other operating expense
12,191

 
5,290

 
17,481

   Income before provision for income taxes
7,300

 
1,281

 
8,581

Provision for income taxes
2,452

 
528

 
2,980

Net income
4,848

 
753

 
5,601

Less: net income attributable to the noncontrolling interest
78

 
—

 
78

Net income attributable to Northrim BanCorp, Inc.

$4,770

 

$753

 

$5,523



 
Three Months Ended September 30, 2016
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$14,267

 

$593

 

$14,860

Interest expense
366

 
281

 
647

   Net interest income
13,901

 
312

 
14,213

Provision for loan losses
652

 
—

 
652

Other operating income
3,594

 
8,341

 
11,935

Compensation expense - RML acquisition payments
3,250

 
—

 
3,250

Other operating expense
11,649

 
6,287

 
17,936

   Income before provision for income taxes
1,944

 
2,366

 
4,310

Provision for income taxes
50

 
977

 
1,027

Net income
1,894

 
1,389

 
3,283

Less: net income attributable to the noncontrolling interest
188

 
—

 
188

Net income attributable to Northrim BanCorp, Inc.

$1,706

 

$1,389

 

$3,095



 
Nine Months Ended September 30, 2017
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$43,550

 

$1,326

 

$44,876

Interest expense
1,483

 
399

 
1,882

   Net interest income
42,067

 
927

 
42,994

Provision for loan losses
3,200

 
—

 
3,200

Other operating income
14,388

 
18,020

 
32,408

Compensation expense - RML acquisition payments
323

 
—

 
323

Other operating expense
37,044

 
15,335

 
52,379

   Income before provision for income taxes
15,888

 
3,612

 
19,500

Provision for income taxes
4,745

 
1,491

 
6,236

Net income
11,143

 
2,121

 
13,264

Less: net income attributable to the noncontrolling interest
327

 
—

 
327

Net income attributable to Northrim BanCorp, Inc.

$10,816

 

$2,121

 

$12,937


 
Nine Months Ended September 30, 2016
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$42,962

 

$1,434

 

$44,396

Interest expense
1,299

 
631

 
1,930

   Net interest income
41,663

 
803

 
42,466

Provision for loan losses
1,555

 
—

 
1,555

Other operating income
10,357

 
22,547

 
32,904

Compensation expense - RML acquisition payments
4,067

 
—

 
4,067

Other operating expense
36,459

 
17,400

 
53,859

   Income before provision for income taxes
9,939

 
5,950

 
15,889

Provision for income taxes
2,140

 
2,454

 
4,594

Net income
7,799

 
3,496

 
11,295

Less: net income attributable to the noncontrolling interest
474

 
—

 
474

Net income attributable to Northrim BanCorp, Inc.

$7,325

 

$3,496

 

$10,821




September 30, 2017
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,441,406

 

$81,935

 

$1,523,341

Loans held for sale

$—

 

$59,214

 

$59,214


December 31, 2016
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,459,950

 

$66,590

 

$1,526,540

Loans held for sale

$—

 

$43,596

 

$43,596