XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Interest and fees on loans and loans held for sale $ 55,041 $ 54,777 $ 56,166
Interest on investment securities available for sale 4,575 3,895 3,393
Interest on investment securities held to maturity 59 41 68
Interest on deposits in other banks 433 205 153
Total Interest Income 60,108 58,918 59,780
Interest Expense      
Interest expense on deposits 1,707 1,870 1,939
Interest expense on securities sold under agreements to repurchase 34 30 23
Interest expense on borrowings 173 127 446
Interest expense on junior subordinated debentures 516 534 463
Total Interest Expense 2,430 2,561 2,871
Net Interest Income 57,678 56,357 56,909
Provision for loan losses 3,200 2,298 1,754
Net Interest Income After Provision for Loan Losses 54,478 54,059 55,155
Other Operating Income      
Mortgage banking income 23,287 29,507 29,613
Gain on sale of Northrim Benefits Group 4,445 0 0
Purchased receivable income 2,975 2,347 2,287
Bankcard fees 2,597 2,670 2,671
Employee benefit plan income 2,506 3,770 3,651
Service charges on deposit accounts 1,614 1,998 2,103
Gain (loss) on sale of securities 11 (11) 271
Other income 3,039 2,982 4,012
Total Other Operating Income 40,474 43,263 44,608
Other Operating Expense      
Salaries and other personnel expense 44,721 46,752 43,931
Occupancy expense 6,752 6,462 6,332
Data processing expense 5,549 4,879 4,313
Marketing expense 2,566 2,449 2,728
Professional and outside services 2,365 2,797 2,980
Insurance expense 1,161 1,023 1,339
OREO expense, net of rental income and gains on sale 837 98 190
Compensation expense - RML acquisition payments 130 4,775 4,094
Intangible asset amortization expense 100 135 258
Reserve (benefit) for purchased receivables 29 (10) (138)
Loss on sale of premises and equipment 3 352 37
Other operating expense 6,940 6,568 6,581
Total Other Operating Expense 71,153 76,280 72,645
Income Before Provision for Income Taxes 23,799 21,042 27,118
Provision for income taxes 10,321 6,052 8,784
Net Income 13,478 14,990 18,334
Less: Net income attributable to the noncontrolling interest 327 579 551
Net Income Attributable to Northrim BanCorp, Inc. $ 13,151 $ 14,411 $ 17,783
Earnings per share, basic (in USD per share) $ 1.91 $ 2.09 $ 2.59
Earnings per share, diluted (in USD per share) $ 1.88 $ 2.06 $ 2.56
Weighted Average Shares Outstanding, Basic (in shares) 6,889,621 6,883,663 6,859,209
Weighted Average Shares Outstanding, Diluted (in shares) 6,977,910 6,974,864 6,948,474