XML 72 R57.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
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:
December 31, 2018
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$62,097

 

$2,080

 

$64,177

Interest expense
2,370

 
599

 
2,969

   Net interest income
59,727

 
1,481

 
61,208

Benefit for loan losses
(500
)
 

 
(500
)
Other operating income
11,323

 
20,844

 
32,167

Other operating expense
49,956

 
19,844

 
69,800

   Income before provision for income taxes
21,594

 
2,481

 
24,075

Provision for income taxes
3,361

 
710

 
4,071

Net income

$18,233

 

$1,771

 

$20,004

 
 
 
 
 
 
Total assets

$1,443,745

 

$59,243

 

$1,502,988

Loans held for sale

$—

 

$34,710

 

$34,710


December 31, 2017
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$58,308

 

$1,800

 

$60,108

Interest expense
1,860

 
570

 
2,430

   Net interest income
56,448

 
1,230

 
57,678

Provision for loan losses
3,200

 

 
3,200

Other operating income
17,187

 
23,287

 
40,474

Compensation expense, RML acquisition payments
130

 

 
130

Other operating expense
50,271

 
20,752

 
71,023

   Income before provision for income taxes
20,034

 
3,765

 
23,799

Provision for income taxes
9,499

 
822

 
10,321

Net income
10,535

 
2,943

 
13,478

Less: net income attributable to the noncontrolling interest
327

 

 
327

Net income attributable to Northrim BanCorp, Inc.

$10,208

 

$2,943

 

$13,151

 
 
 
 
 
 
Total assets

$1,452,602

 

$65,994

 

$1,518,596

Loans held for sale

$—

 

$43,979

 

$43,979


December 31, 2016
 
 
 
 
 
(In Thousands)
Community Banking
 
Home Mortgage Lending
 
Consolidated
 
 
 
 
 
 
Interest income

$56,986

 

$1,932

 

$58,918

Interest expense
1,739

 
822

 
2,561

   Net interest income
55,247

 
1,110

 
56,357

Provision (benefit) for loan losses
2,298

 

 
2,298

Other operating income
13,756

 
29,507

 
43,263

Compensation expense, RML acquisition payments
4,775

 

 
4,775

Other operating expense
48,610

 
22,895

 
71,505

   Income before provision for income taxes
13,320

 
7,722

 
21,042

Provision for income taxes
2,867

 
3,185

 
6,052

Net income
10,453

 
4,537

 
14,990

Less: net income attributable to the noncontrolling interest
579

 

 
579

Net income attributable to Northrim BanCorp, Inc.

$9,874

 

$4,537

 

$14,411

 
 
 
 
 
 
Total assets

$1,459,261

 

$66,590

 

$1,525,851

Loans held for sale

$—

 

$43,849

 

$43,849