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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans and loans held for sale $ 14,036 $ 13,601 $ 27,299 $ 26,839
Interest on investment securities available for sale 1,302 1,124 2,556 2,202
Dividends on marketable equity securities 84 86 166 172
Interest on investment securities held to maturity 0 11 0 21
Dividends on Federal Home Loan Bank stock 14 6 26 11
Interest on deposits in other banks 159 64 343 112
Total Interest Income 15,595 14,892 30,390 29,357
Interest Expense        
Interest expense on deposits 446 451 818 896
Interest expense on securities sold under agreements to repurchase 8 8 17 16
Interest expense on borrowings 57 39 115 77
Interest expense on junior subordinated debentures 95 150 188 291
Total Interest Expense 606 648 1,138 1,280
Net Interest Income 14,989 14,244 29,252 28,077
(Benefit) provision for loan losses (300) 300 (300) 700
Net Interest Income After Provision for Loan Losses 15,289 13,944 29,552 27,377
Other Operating Income        
Revenue from contracts with customers 1,519 1,415 2,861 2,810
Purchased receivable income 867 776 1,707 1,465
Gain on sale of securities, net 0 0 0 14
Employee benefit plan income 0 961 0 1,897
Other income 886 607 1,585 1,403
Total Other Operating Income 8,314 9,762 15,776 18,667
Other Operating Expense        
Salaries and other personnel expense 11,362 11,793 21,947 22,635
Data processing expense 1,323 1,453 2,871 2,700
Occupancy expense 1,020 1,664 2,720 3,285
Professional and outside services 554 612 1,053 1,234
Marketing expense 462 891 1,094 1,401
Insurance expense 178 194 474 447
Intangible asset amortization expense 17 27 35 53
OREO expense, net rental income and gains on sale 11 83 114 260
Compensation expense - RML acquisition payments 0 0 0 174
Other operating expense 1,679 1,793 3,093 2,936
Total Other Operating Expense 16,606 18,510 33,401 35,125
Income Before Provision for Income Taxes 6,997 5,196 11,927 10,919
Provision for income taxes 1,167 1,455 2,035 3,256
Net Income 5,830 3,741 9,892 7,663
Less: Net income attributable to the noncontrolling interest 0 152 0 249
Net Income Attributable to Northrim BanCorp, Inc. $ 5,830 $ 3,589 $ 9,892 $ 7,414
Earnings Per Share, Basic (in USD per share) $ 0.85 $ 0.52 $ 1.44 $ 1.07
Earnings Per Share, Diluted (in USD per share) $ 0.84 $ 0.51 $ 1.42 $ 1.06
Weighted Average Shares Outstanding, Basic (in shares) 6,872,371 6,910,679 6,872,167 6,910,230
Weighted Average Shares Outstanding, Diluted (in shares) 6,976,985 6,997,727 6,972,744 6,996,160
Mortgage banking income        
Other Operating Income        
Revenue from contracts with customers $ 5,478 $ 6,351 $ 10,422 $ 11,801
Bankcard fees        
Other Operating Income        
Revenue from contracts with customers 707 658 1,332 1,239
Service charges on deposit accounts        
Other Operating Income        
Revenue from contracts with customers $ 376 $ 409 $ 730 $ 848