Northrim bancorp, inc. (NRIM)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest Income
Interest and fees on loans and loans held for sale

62,532

62,150

61,444

60,573

59,256

57,542

56,152

55,501

55,066

55,041

54,603

54,128

54,237

54,777

55,434

56,052

56,477

56,166

55,711

54,664

53,611

51,015

48,648

46,014

43,666

43,137

42,448

42,061

41,632

41,515

41,550

41,526

41,930

42,391

43,036

43,856

0

0

0

Interest on investment securities available for sale

6,562

6,572

6,461

6,247

5,859

5,481

4,826

4,636

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

3,993

-

3,768

3,682

3,488

3,393

3,354

3,206

3,197

3,042

2,855

2,794

2,674

2,603

2,580

2,618

2,706

2,796

2,985

3,029

2,974

3,097

3,147

3,675

0

0

0

Dividends on marketable equity securities

434

439

426

398

373

348

338

339

341

345

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends on Federal Home Loan Bank stock

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on investment securities held to maturity

-

-

-

-

-

-

-

-

-

59

37

40

43

41

48

47

58

68

83

94

91

91

92

97

105

111

117

123

130

139

153

167

189

212

237

258

0

0

0

Dividends on Federal Home Loan Bank stock

0

-

0

0

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on deposits in other banks

1,015

922

885

741

765

806

715

664

569

433

297

229

206

205

209

206

189

153

135

143

160

198

203

205

210

223

260

283

300

278

231

223

215

208

214

184

0

0

0

Total Interest Income

70,544

70,083

69,228

67,971

66,260

64,177

62,202

61,141

60,438

60,108

59,398

58,739

58,565

58,918

59,459

59,987

60,212

59,780

59,283

58,107

57,059

54,346

51,798

49,110

46,655

46,074

45,405

45,085

44,768

44,728

44,919

44,945

45,308

45,908

46,634

47,973

0

0

0

Interest Expense
Interest expense on deposits

5,507

4,961

4,371

3,601

2,873

2,307

1,795

1,629

1,634

1,707

1,772

1,816

1,844

1,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense on securities sold under agreements to repurchase

18

40

65

73

63

50

35

35

35

34

34

32

31

30

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense on securities sold under agreements to repurchase

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense on borrowings

-

-

238

227

-

-

216

211

193

-

150

132

121

127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense on junior subordinated debentures

391

389

385

388

388

389

401

413

468

516

557

578

553

534

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Interest Expense

6,181

5,641

5,059

4,289

3,546

2,969

2,447

2,288

2,330

2,430

2,513

2,558

2,549

2,561

2,593

2,652

2,761

2,871

2,850

2,631

2,367

2,053

1,908

1,923

1,950

2,040

2,112

2,221

2,337

2,505

2,723

2,988

3,265

3,544

4,127

4,717

0

0

0

Net Interest Income

64,363

64,442

64,169

63,682

62,714

61,208

59,755

58,853

58,108

57,678

56,885

56,181

56,016

56,357

56,866

57,335

57,451

56,909

56,433

55,476

54,692

52,293

49,890

47,187

44,705

44,034

43,293

42,864

42,431

42,223

42,196

41,957

42,043

42,364

42,507

43,256

0

0

0

Provision for loan losses

135

-1,175

-1,225

850

250

-500

-300

2,200

2,800

3,200

3,943

2,095

1,995

2,298

1,931

1,955

2,131

1,754

1,878

1,202

-310

-636

-1,136

-1,921

-785

-635

-935

-1,587

-1,498

-1,559

-909

1,078

1,539

1,999

2,066

2,891

0

0

0

Net Interest Income After Provision for Loan Losses

64,228

65,617

65,394

62,832

62,464

61,708

60,055

56,653

55,308

54,478

52,942

54,086

54,021

54,059

54,935

55,380

55,320

55,155

54,555

54,274

55,002

52,929

51,026

49,108

45,490

44,669

45,178

0

0

-

0

-

-

-

-

-

-

-

-

Other Operating Income
Mortgage banking income

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased receivable income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

-

-

-

6,086

-

-

-

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of marketable equity securities, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities available for sale, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (loss) gain on marketable equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Electronic banking income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,169

2,122

2,079

2,058

2,017

2,005

1,979

1,945

1,873

1,800

0

0

0

Net Interest Income After Provision for Loan Losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

40,441

40,365

0

0

0

Purchased receivable income

-

-

3,136

3,194

-

-

3,232

3,217

3,126

-

2,920

2,747

2,502

2,347

2,193

2,201

2,232

2,287

2,265

2,260

2,182

2,074

2,117

2,292

2,576

2,797

3,003

3,072

3,016

3,026

3,067

2,936

2,789

2,703

2,371

2,271

0

0

0

Gain (loss) on marketable equity securities

-

-

293

200

-

-625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate swap income

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

29,261

-

28,857

28,654

28,003

29,613

25,689

17,551

9,692

2,386

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of Northrim Benefits Group

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee benefit plan income

-

-

-

-

-

-

-

-

-

2,506

3,377

3,767

3,742

3,770

3,838

3,843

3,838

3,651

3,556

3,451

3,398

3,497

3,252

2,894

2,648

2,341

2,346

2,414

2,398

2,369

2,303

2,230

2,207

2,167

2,095

2,089

0

0

0

Gain on sale of securities, net

-

-

23

23

-

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bankcard fees

-

-

-

-

-

-

-

-

-

-

-

-

2,618

-

2,719

2,721

2,715

2,671

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

1,938

-

2,011

2,054

2,112

2,103

2,090

2,130

2,169

2,155

2,185

2,135

2,067

2,116

2,141

2,128

2,158

2,201

2,242

2,315

2,340

2,296

2,386

2,539

0

0

0

Gain on sale of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

26

-

126

130

134

271

134

145

478

461

476

461

212

333

381

381

527

336

396

429

183

419

354

453

0

0

0

Equity in earnings from RML

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

894

719

671

854

1,227

2,082

2,709

2,576

2,635

2,026

0

0

-

0

-

-

-

-

Rental income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

773

797

791

778

776

0

0

0

-

-

Other income

-

-

2,811

2,689

-

2,868

2,996

2,996

2,544

2,641

2,523

2,571

2,654

2,660

3,263

3,876

4,144

4,012

4,377

3,701

3,572

3,337

2,616

2,359

2,119

2,063

2,130

2,144

2,035

2,034

1,852

1,779

1,689

1,583

1,613

1,767

0

0

0

Total Other Operating Income

36,246

37,346

35,329

33,493

32,238

32,167

32,401

37,583

39,031

40,474

42,881

40,961

43,063

43,263

43,007

43,479

43,178

44,608

42,765

35,292

27,835

20,034

14,576

12,885

12,481

12,886

14,427

15,341

15,364

15,432

14,969

14,174

13,519

13,090

12,410

12,270

0

0

0

Other Operating Expense
Salaries and other personnel expense

52,271

51,317

48,875

46,950

45,367

44,650

44,179

44,033

44,464

44,721

45,082

46,125

46,343

46,752

46,236

45,518

44,632

43,931

41,007

36,674

32,388

27,758

26,233

25,234

23,981

23,796

23,117

22,493

22,061

22,032

21,604

21,350

21,396

21,006

21,140

21,312

0

0

0

Amortization of low income housing tax investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

960

951

938

921

920

913

914

902

876

870

0

0

0

Data processing expense

7,218

7,128

6,985

6,639

6,166

6,035

5,714

5,720

5,850

5,549

5,585

5,283

4,976

4,879

4,573

4,409

4,367

4,313

6,417

5,757

5,007

4,171

1,274

1,148

1,061

1,066

1,075

1,122

1,125

1,111

1,056

1,009

1,016

1,005

1,030

988

0

0

0

Occupancy expense

6,493

6,607

6,718

6,829

6,207

6,136

6,168

6,187

6,831

6,752

6,581

6,442

6,475

6,462

6,484

6,439

6,336

6,332

6,050

5,569

5,087

4,360

3,897

3,707

3,453

3,464

3,454

3,445

3,507

3,615

3,701

3,773

3,850

3,764

3,837

3,820

0

0

0

Equipment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,401

1,317

1,259

1,239

1,212

1,148

1,189

1,205

1,206

1,240

1,190

1,200

1,191

1,144

0

0

0

Professional and outside services

2,583

2,531

2,523

2,640

2,510

2,453

2,237

2,184

2,242

2,365

2,604

2,605

2,778

2,797

2,897

2,864

2,870

2,980

2,757

2,438

1,866

1,437

1,153

1,151

1,241

1,268

1,326

1,432

1,410

1,479

1,507

1,450

1,467

1,386

1,349

1,302

0

0

0

Change in fair value, RML earn-out liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing expense

2,537

2,373

2,466

2,476

2,105

2,318

2,294

2,259

2,688

2,566

2,329

2,497

2,221

2,449

2,757

2,822

2,849

2,728

2,458

2,310

2,062

2,059

1,913

1,969

2,020

1,853

2,032

1,995

1,985

1,975

1,764

1,763

1,771

1,771

1,760

1,764

0

0

0

Insurance expense

611

557

809

878

824

862

884

1,188

1,204

1,161

1,102

892

961

1,023

1,107

1,248

1,330

1,339

1,318

1,231

1,170

1,031

999

885

862

821

868

899

939

913

866

1,021

1,015

1,333

1,624

1,655

0

0

0

Merger and acquisition expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,962

1,981

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Internet banking expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

875

818

794

778

753

717

713

701

703

694

667

648

617

605

0

0

0

Reserve (benefit) for purchased receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

447

91

0

-

0

0

-

-

0

-

-

-

-

-

-

-

-

Loss on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense - RML acquisition payments

-

-

-

-

-

-

-

-

-

130

1,031

4,132

4,819

4,775

4,847

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset amortization expense

57

60

62

65

67

70

74

82

92

100

109

118

126

135

145

183

220

258

293

301

310

289

267

244

222

228

234

240

246

252

263

270

0

-

0

0

-

-

-

Impairment of equity method investment

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operational losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Impairment (recovery) on purchased receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

OREO (income), net rental income and gains on sale

91

-193

-85

-11

-165

258

778

691

763

837

245

257

301

98

-69

115

-133

190

227

7

119

-416

-363

-313

-292

-60

613

880

986

1,089

649

386

-474

-710

-1,864

-1,890

0

0

0

Intangible asset amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other operating expense

6,216

5,990

6,170

6,028

6,200

6,214

6,212

6,443

6,557

6,286

6,514

6,320

6,172

6,558

6,476

6,501

6,463

6,581

6,023

5,678

5,290

4,677

4,319

3,979

3,732

3,808

4,024

4,071

4,083

3,950

3,874

4,031

4,106

4,175

4,087

3,893

0

0

0

Total Other Operating Expense

78,545

76,838

74,523

73,298

70,085

69,800

69,837

69,429

71,333

71,153

71,170

74,665

75,524

76,280

76,154

73,171

71,555

72,645

66,974

61,550

55,417

46,923

44,099

41,396

39,167

38,897

39,719

39,635

39,539

39,600

38,456

37,893

37,187

36,755

36,054

36,413

0

0

0

Income Before Provision for Income Taxes

21,929

26,125

26,200

23,027

24,617

24,075

22,619

24,807

23,006

23,799

24,653

20,382

21,560

21,042

21,788

25,688

26,943

27,118

30,346

28,016

27,420

26,040

21,503

20,597

18,804

18,658

18,936

20,157

19,754

19,614

19,618

17,160

16,836

16,700

16,797

16,222

0

0

0

Provision for income taxes

4,517

5,434

5,241

4,342

4,363

4,071

7,249

9,100

9,388

10,321

7,694

5,741

6,154

6,052

6,267

7,918

8,736

8,784

9,436

8,740

8,623

8,173

7,859

7,387

6,453

6,246

5,823

6,304

6,220

6,156

6,084

5,218

4,865

4,873

4,986

4,773

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

13,478

16,959

14,641

15,406

14,990

15,521

17,770

18,207

18,334

20,910

19,276

18,797

17,867

13,644

13,210

12,351

12,412

13,113

13,853

13,534

13,458

13,534

11,942

11,971

11,827

11,811

11,449

0

0

0

Less: Net income attributable to the noncontrolling interest

-

-

-

-

-

-

-

-

-

327

432

542

546

579

594

603

609

551

559

553

486

459

229

28

42

87

307

455

490

512

495

463

452

429

490

494

0

0

0

Net Income

17,412

20,691

20,959

18,685

20,254

20,004

15,370

15,629

13,388

13,151

16,527

14,099

14,860

14,411

14,927

17,167

17,598

17,783

20,351

18,723

18,311

17,408

13,415

13,182

12,309

12,325

12,806

13,398

13,044

12,946

13,039

11,479

11,519

11,398

11,321

10,955

0

0

0

Earnings Per Share, Basic (in USD per share)

0.16

0.70

1.13

0.62

0.63

0.70

0.77

0.85

0.59

0.04

0.80

0.52

0.55

0.52

0.45

0.63

0.49

0.59

0.78

0.70

0.52

0.98

0.54

0.64

0.41

0.41

0.53

0.54

0.41

0.48

0.63

0.49

0.40

0.51

0.39

0.49

0.38

0.50

0.34

Earnings Per Share, Diluted (in USD per share)

0.16

0.69

1.11

0.62

0.62

0.69

0.75

0.84

0.58

0.03

0.79

0.51

0.55

0.51

0.44

0.63

0.48

0.59

0.77

0.69

0.51

0.98

0.53

0.63

0.40

0.40

0.53

0.53

0.41

0.48

0.62

0.48

0.39

0.50

0.38

0.49

0.37

0.49

0.33

Weighted Average Shares Outstanding, Basic (in shares)

6,467

6,553

6,604

6,798

6,879

6,890

6,877

6,872

6,871

6,865

6,872

6,910

6,909

6,897

6,882

6,877

6,877

6,872

6,856

6,854

6,854

6,845

6,831

6,829

6,537

6,531

6,515

6,515

6,512

6,500

6,471

6,469

6,467

6,460

6,436

6,431

6,428

6,401

6,386

Weighted Average Shares Outstanding, Diluted (in shares)

6,560

6,645

6,707

6,896

6,981

6,992

6,990

6,976

6,968

6,961

6,959

6,997

6,993

6,992

6,973

6,968

6,964

6,969

6,952

6,941

6,930

6,940

6,919

6,919

6,629

6,650

6,607

6,591

6,590

6,587

6,570

6,573

6,567

6,567

6,554

6,549

6,548

6,479

6,473

Mortgage banking income
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bankcard fees
Other operating income

2,969

2,976

2,969

2,873

2,836

2,811

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Other operating income

1,506

1,557

1,595

1,604

1,567

1,508

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-