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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Interest and fees on loans and loans held for sale $ 57,542 $ 55,041 $ 54,777
Interest on investment securities available for sale 5,481 4,230 3,580
Dividends on marketable equity securities 348 345 315
Interest on investment securities held to maturity 0 59 41
Interest on deposits in other banks 806 433 205
Total Interest Income 64,177 60,108 58,918
Interest Expense      
Interest expense on deposits 2,307 1,707 1,870
Interest expense on securities sold under agreements to repurchase 50 34 30
Interest expense on borrowings 223 173 127
Interest expense on junior subordinated debentures 389 516 534
Total Interest Expense 2,969 2,430 2,561
Net Interest Income 61,208 57,678 56,357
(Benefit) provision for loan losses (500) 3,200 2,298
Net Interest Income After Provision for Loan Losses 61,708 54,478 54,059
Other Operating Income      
Mortgage banking income 20,844 23,287 29,507
Purchased receivable income 3,255 2,975 2,347
Revenue from contract with customer 5,911 5,826 6,280
Commercial servicing revenue 1,422 372 322
Gain on sale of Northrim Benefits Group 0 4,445 0
Employee benefit plan income 0 2,506 3,770
Gain (loss) on sale of securities 0 11 (11)
Loss on marketable equity securities (625) 0 0
Other income 2,952 2,667 2,660
Total Other Operating Income 32,167 40,474 43,263
Other Operating Expense      
Salaries and other personnel expense 44,650 44,721 46,752
Occupancy expense 6,136 6,752 6,462
Data processing expense 6,035 5,549 4,879
Professional and outside services 2,453 2,365 2,797
Marketing expense 2,318 2,566 2,449
Insurance expense 862 1,161 1,023
Impairment of equity method investment 804 686 0
OREO expense, net of rental income and gains on sale 258 837 98
Intangible asset amortization expense 70 100 135
Loss on sale of premises and equipment 2 3 352
Compensation expense - RML acquisition payments 0 130 4,775
Other operating expense 6,212 6,283 6,558
Total Other Operating Expense 69,800 71,153 76,280
Income Before Provision for Income Taxes 24,075 23,799 21,042
Provision for income taxes 4,071 10,321 6,052
Net Income 20,004 13,478 14,990
Less: Net income attributable to the noncontrolling interest 0 327 579
Net Income Attributable to Northrim BanCorp, Inc. $ 20,004 $ 13,151 $ 14,411
Earnings per share, basic (in USD per share) $ 2.91 $ 1.91 $ 2.09
Earnings per share, diluted (in USD per share) $ 2.86 $ 1.88 $ 2.06
Weighted Average Shares Outstanding, Basic (in shares) 6,877,573 6,889,621 6,883,663
Weighted Average Shares Outstanding, Diluted (in shares) 6,981,557 6,977,910 6,974,864
Bankcard fees      
Other Operating Income      
Revenue from contract with customer $ 2,811 $ 2,597 $ 2,670
Service charges on deposit accounts      
Other Operating Income      
Revenue from contract with customer $ 1,508 $ 1,614 $ 1,998