Northrim Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total interest income was $12,018,000 compared to $11,349,000 a year ago. Net interest income was $11,521,000 compared to $10,780,000 a year ago. Net interest income after provision for loan losses was $11,521,000 compared to $11,080,000 a year ago. Income before provision for income taxes was $3,621,000 compared to $4,868,000 a year ago. Net income was $2,579,000 compared to $3,280,000 a year ago. Net income attributable to the company was $2,681,000 or $0.40 per diluted share compared to $3,162,000 or $0.48 per diluted share a year ago. Book value per share was $22.05 compared to $20.93 a year ago. Tangible book value per share was $20.83 compared to $19.67 a year ago. Return on average assets was 0.89% compared to 1.11% a year ago. Return on average equity was 7.36% compared to 9.25% a year ago. Total revenues, which include net interest income plus other operating income, were flat at $14.3 million in the fourth quarter of 2013 as compared to the third quarter of 2013 but decreased by 5% from $15.1 million in the fourth quarter of 2012, in part due to a decline in mortgage originations at the company's residential mortgage affiliate.

For the year, the company's total interest income was $46,074,000 compared to $44,728,000 a year ago. Net interest income was $44,034,000 compared to $42,223,000 a year ago. Net interest income after provision for loan losses was $44,669,000 compared to $43,782,000 a year ago. Income before provision for income taxes was $17,689,000 compared to $19,614,000 a year ago. Net income was $12,412,000 compared to $13,458,000 a year ago. Net income attributable to the company was $12,325,000 or $1.87 per diluted share compared to $12,946,000 or $1.97 per diluted share a year ago. Return on average assets was 1.07% compared to 1.19% a year ago. Return on average equity was 8.75% compared to 9.85% a year ago. Total revenues, which include net interest income plus other operating income, declined 1% to $56.9 million for the full year 2013, compared to $57.7 million in 2012.

Loans measured for impairment totaled $8.8 million at December 31, 2013, compared to $11.0 million at September 30, 2013, and $13.1 million in the fourth quarter a year ago.