Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019



2019 Quarter Ended	Dec. 31			Sept. 30			June 30			March 31
(In Thousands Except Per Share Amounts)
Total interest income		$18,062			$17,837			$17,306			$16,878
Total interest expense	1,652			1,531			1,349			1,109
Net interest income	16,410			16,306			15,957			15,769
(Benefit) provision for loan losses	(150		)	(2,075		)	300			750
Other operating income	9,735			10,509			9,569			7,533
Compensation expense, RML acquisition payments	468			—			—			—
Other operating expense	20,147			19,324			19,819			17,080
Income before provision for income taxes	5,680			9,566			5,407			5,472
Provision for income taxes	1,100			2,028			1,146			1,160
Net income		$4,580			$7,538			$4,261			$4,312
Earnings per share, basic		$0.70			$1.13			$0.62			$0.63
Earnings per share, diluted		$0.69			$1.11			$0.62			$0.62

2018 Quarter Ended	Dec. 31			Sept. 30			June 30			March 31
(In Thousands Except Per Share Amounts)
Total interest income		$17,207			$16,580			$15,595			$14,795
Total interest expense	1,070			761			606			532
Net interest income	16,137			15,819			14,989			14,263
Benefit for loan losses	(200		)	—			(300		)	—
Other operating income	7,718			8,673			8,314			7,462
Compensation expense, RML acquisition payments	—			—			—			—
Other operating expense	18,300			18,099			16,606			16,795
Income before provision for income taxes	5,755			6,393			6,997			4,930
Provision for income taxes	907			1,129			1,167			868
Net Income	4,848			5,264			5,830			4,062
Less: Net income attributable to the noncontrolling interest	—			—			—			—
Net income attributable to Northrim Bancorp, Inc.		$4,848			$5,264			$5,830			$4,062
Earnings per share, basic		$0.70			$0.77			$0.85			$0.59
Earnings per share, diluted		$0.69			$0.75			$0.84			$0.58