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NORTHRIM NEWS

Northrim BanCorp Earns $4.4 Million, or $0.63 Per Diluted Share, in Q214 

ANCHORAGE, Alaska - July 22, 2014 - Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim”) today reported net profits of $4.4 million, or $0.63 per diluted share, for the second quarter of 2014, up 64% from the first quarter of 2014 and up 25% from the year ago quarter, reflecting a negative loan loss provision of $1.1 million as a result of net recoveries of previously charged off loans and contributions from the acquisition of Alaska Pacific Bancshares, Inc. ("Alaska Pacific") at the beginning of the second quarter. For the first half of 2014, net profits increased 14% to $7.0 million, or $1.04 per diluted share, compared to $6.2 million, or $0.94 per diluted share in the first six months of 2013.

 

 

Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.


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