XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Information
Summarized financial information for the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables:
 
Three Months Ended September 30, 2017
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$14,953

 

$566

 

$15,519

Interest expense
388

 
214

 
602

   Net interest income
14,565

 
352

 
14,917

Provision for loan losses
2,500

 

 
2,500

Other operating income
7,575

 
6,219

 
13,794

Compensation expense - RML acquisition payments
149

 

 
149

Other operating expense
12,191

 
5,290

 
17,481

   Income before provision for income taxes
7,300

 
1,281

 
8,581

Provision for income taxes
2,452

 
528

 
2,980

Net income
4,848

 
753

 
5,601

Less: net income attributable to the noncontrolling interest
78

 

 
78

Net income attributable to Northrim BanCorp, Inc.

$4,770

 

$753

 

$5,523



 
Three Months Ended September 30, 2016
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$14,267

 

$593

 

$14,860

Interest expense
366

 
281

 
647

   Net interest income
13,901

 
312

 
14,213

Provision for loan losses
652

 

 
652

Other operating income
3,594

 
8,341

 
11,935

Compensation expense - RML acquisition payments
3,250

 

 
3,250

Other operating expense
11,649

 
6,287

 
17,936

   Income before provision for income taxes
1,944

 
2,366

 
4,310

Provision for income taxes
50

 
977

 
1,027

Net income
1,894

 
1,389

 
3,283

Less: net income attributable to the noncontrolling interest
188

 

 
188

Net income attributable to Northrim BanCorp, Inc.

$1,706

 

$1,389

 

$3,095



 
Nine Months Ended September 30, 2017
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$43,550

 

$1,326

 

$44,876

Interest expense
1,483

 
399

 
1,882

   Net interest income
42,067

 
927

 
42,994

Provision for loan losses
3,200

 

 
3,200

Other operating income
14,388

 
18,020

 
32,408

Compensation expense - RML acquisition payments
323

 

 
323

Other operating expense
37,044

 
15,335

 
52,379

   Income before provision for income taxes
15,888

 
3,612

 
19,500

Provision for income taxes
4,745

 
1,491

 
6,236

Net income
11,143

 
2,121

 
13,264

Less: net income attributable to the noncontrolling interest
327

 

 
327

Net income attributable to Northrim BanCorp, Inc.

$10,816

 

$2,121

 

$12,937


 
Nine Months Ended September 30, 2016
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$42,962

 

$1,434

 

$44,396

Interest expense
1,299

 
631

 
1,930

   Net interest income
41,663

 
803

 
42,466

Provision for loan losses
1,555

 

 
1,555

Other operating income
10,357

 
22,547

 
32,904

Compensation expense - RML acquisition payments
4,067

 

 
4,067

Other operating expense
36,459

 
17,400

 
53,859

   Income before provision for income taxes
9,939

 
5,950

 
15,889

Provision for income taxes
2,140

 
2,454

 
4,594

Net income
7,799

 
3,496

 
11,295

Less: net income attributable to the noncontrolling interest
474

 

 
474

Net income attributable to Northrim BanCorp, Inc.

$7,325

 

$3,496

 

$10,821




September 30, 2017
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,441,406

 

$81,935

 

$1,523,341

Loans held for sale

$—

 

$59,214

 

$59,214


December 31, 2016
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Total assets

$1,459,950

 

$66,590

 

$1,526,540

Loans held for sale

$—

 

$43,596

 

$43,596