Northrim BanCorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net interest income of $14,684,000 compared to $13,891,000 a year ago. Total interest income was $15,519,000 compared to $14,522,000 a year ago. Income before provision for income taxes was $4,299,000 compared to $5,153,000 a year ago. Net income attributable to the company was $214,000 or $0.03 per diluted share compared to $3,590,000 or $0.51 per diluted share a year ago. Return on average assets was 0.06% compared to 0.94% a year ago. Return on average shareholder's equity was 0.43% compared to 7.96% a year ago. Tangible book value per share as at December 31, 2016 was $25.70 compared to $24.70 per share a year ago. Book value per share as at December 31, 2016 was $28.06 compared to $27.07 a year ago.

For the year, the company reported net interest income was $57,678,000 compared to $56,357,000 a year ago. Total interest income was $60,108,000 compared to $58,918,000 a year ago. Income before provision for income taxes was $23,799,000 compared to $21,042,000 a year ago. Net income attributable to the company was $13,151,000 or $1.88 per diluted share compared to $14,411,000 or $2.06 per diluted share a year ago. Return on average assets was 0.87% compared to 0.96% a year ago. Return on average equity was 6.81% compared to 7.93% a year ago.

For the quarter, the company reported net loan charge-offs of $2,000 compared to $525,000 a year ago.