NORTHRIM BANCORP INC (NRIM) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	79.2	71.1	62.2	57.5	55.0	54.8	56.2	51.0
Interest income on investments	3.3	4.8	6.6	5.5	4.2	3.6	3.4	3.0
	84.6	76.7	70.1	64.2	60.1	58.9	59.8	54.3
Interest expense:
Interest on deposits	3.1	5.3	5.0	2.3	1.7	1.9	1.9	1.4
Interest on borrowings				0.2	0.2
	3.8	6.1	5.6	3.0	2.4	2.6	2.9	2.1
Net interest income	80.8	70.7	64.4	61.2	57.7	56.4	56.9	52.3
Provision for loan losses	-4.1	2.4	-1.2	-0.5	3.2	2.3	1.8	-0.6
Net interest income after provision for loan losses	84.9	68.2	65.6	61.7	54.5	54.1	55.2	52.9
Deposit and loan fees							2.1	2.2
Credit and debit card fees							2.7	2.2
Gain on sale of investments, net							0.3	0.5
Other non-interest income	52.3	63.3	37.3	32.2	40.5	43.3	39.6	15.2
Total non-interest income	52.3	63.3	37.3	32.2	40.5	43.3	44.6	20.0
Non-interest expenses	89.2	89.1	76.8	69.8	71.2	76.3	72.6	46.9
Equity in earnings				0.8	0.7
Pre-tax income before non-recurring items	48.0	42.4	26.1	24.1	28.2	21.4	27.2	26.9
Non-recurring items					4.4	0.4	0.0	0.9
Pre-tax income	48.0	42.4	26.1	24.1	23.8	21.0	27.1	26.0
Income taxes	10.5	9.6	5.4	4.1	10.3	6.1	8.8	8.2
Tax rate	21.8%	22.5%	20.8%	16.9%	43.4%	28.8%	32.4%	31.4%
Minority interest					0.3	0.6	0.6	0.5
Net income	37.5	32.9	20.7	20.0	13.2	14.4	17.8	17.4
Net margin	27.3%	25.0%	20.1%	21.3%	13.9%	14.8%	17.8%	23.9%

Basic EPS	$6.07	$5.18	$3.08	$2.91	$1.91	$2.09	$2.59	$2.57
Diluted EPS	$6.00	$5.11	$3.04	$2.87	$1.88	$2.07	$2.56	$2.54

Shares outstanding (basic)	6.2	6.4	6.7	6.9	6.9	6.9	6.9	6.8
Shares outstanding (diluted)	6.2	6.4	6.8	7.0	7.0	7.0	6.9	6.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.