Northrim Bancorp Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, net interest income was $10,780,000 against $10,753,000 a year ago. Income before provision for income taxes was $4,868,000 against $4,872,000 a year ago. Net income attributable to Northrim BanCorp was $3,162,000 against $3,255,000 a year ago. Diluted EPS was $0.48 against $0.50 a year ago. Return on average assets was 1.11% against 1.21% a year ago. Return on average equity was 9.25% against 10.32% a year ago.

For the full year, net interest income was $42,223,000 against $42,364,000 a year ago. Income before provision for income taxes was $19,614,000 against $16,700,000 a year ago. Net income attributable to Northrim BanCorp was $12,946,000 against $11,398,000 a year ago. Diluted EPS was $1.97 against $1.74 a year ago. Return on average assets was 1.19% against 1.09% a year ago. Return on average equity was 9.85% against 9.34% a year ago. Tangible book value was $19.67 per share at December 31, 2012, an increase of 9% from $18.09 per share a year ago.

Fourth quarter 2012 earnings were positively impacted by net recoveries of previously charged-off loans totaling $218,000, respectively, which led to negative provisions for loan losses for these periods.