Northrim BanCorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income of $13,891,000 compared to $14,400,000 a year ago. Total interest income was $14,522,000 compared to $15,063,000 a year ago. Income before provision for income taxes was $5,153,000 compared to $5,899,000 a year ago. Net income attributable to the company was $3,590,000 or $0.51 per diluted share compared to $4,106,000 or $0.59 per diluted share a year ago. Tangible book value per share as at December 31, 2016 was $24.70 compared to $22.31 per share a year ago. Book value per share as at December 31, 2016 was $27.07 compared to $25.77 a year ago. Return on average assets was 0.94% compared to 1.05% a year ago. Return on average shareholder's equity was 7.96% compared to 16.40% a year ago.

For the year, the company reported net interest income was $56,357,000 compared to $56,909,000 a year ago. Total interest income was $58,918,000 compared to $59,780,000 a year ago. Income before provision for income taxes was $21,042,000 compared to $27,118,000 a year ago. Net income attributable to the company was $14,411,000 or $2.06 per diluted share compared to $17,783,000 or $2.56 per diluted share a year ago. Return on average assets was 0.96% compared to 1.20% a year ago. Return on average equity was 7.93% compared to 10.47% a year ago.

For the quarter, the company reported net loan charge-offs of $525,000 compared to $72,000 a year ago.