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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Interest and fees on loans and loans held for sale $ 13,263 $ 13,238
Interest on investment securities available for sale 1,254 1,078
Dividends on marketable securities 82 86
Interest on investment securities held to maturity 12 15
Interest on deposits in other banks 184 48
Total Interest Income 14,795 14,465
Interest Expense    
Interest expense on deposits 372 445
Interest expense on securities sold under agreements to repurchase 9 8
Interest expense on borrowings 58 38
Interest expense on junior subordinated debentures 93 141
Total Interest Expense 532 632
Net Interest Income 14,263 13,833
Provision for loan losses 0 400
Net Interest Income After Provision for Loan Losses 14,263 13,433
Other Operating Income    
Mortgage banking income 4,944 5,450
Employee benefit plan income 0 936
Purchased receivable income 840 689
Bankcard fees 625 581
Service charges on deposit accounts 354 439
Gain on sale of securities, net 0 14
Other income 699 796
Total Other Operating Income 7,462 8,905
Other Operating Expense    
Salaries and other personnel expense 10,585 10,842
Occupancy expense 1,700 1,621
Data processing expense 1,548 1,247
Marketing expense 632 510
Professional and outside services 499 622
Insurance expense 296 253
OREO expense, net rental income and gains on sale 103 177
Intangible asset amortization expense 18 26
Compensation expense - RML acquisition payments 0 174
Other operating expense 1,414 1,143
Total Other Operating Expense 16,795 16,615
Income Before Provision for Income Taxes 4,930 5,723
Provision for income taxes 868 1,801
Net Income 4,062 3,922
Less: Net income attributable to the noncontrolling interest 0 97
Net Income Attributable to Northrim BanCorp, Inc. $ 4,062 $ 3,825
Earnings Per Share, Basic (in USD per share) $ 0.59 $ 0.55
Earnings Per Share, Diluted (in USD per share) $ 0.58 $ 0.55
Weighted Average Shares Outstanding, Basic (in shares) 6,871,963 6,909,780
Weighted Average Shares Outstanding, Diluted (in shares) 6,968,082 6,993,726