Purchased receivable income contributed $826,000 to third quarter 2012 revenues, compared to $712,000 in the previous quarter and $695,000 in the third quarter a year ago. For the first nine months of 2012, purchased receivable financing increased 19% to $2.3 million, compared to $1.9 million a year ago.Northrim’s employee benefit plan affiliate contributed $609,000 to third quarter 2012 revenues, compared to $616,000 in the preceding quarter and $536,000 in the third quarter of 2011. For the first nine months of 2012, employee benefit plan income increased 8% to $1.8 million, compared to $1.6 million in the first nine months of 2011.
Northrim BanCorp Earns $4.1 Million, Or $0.62 Per Diluted Share, In Third Quarter Of 2012
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