Loans held for sale decreased to $11.7 million at the end of 2012, from $37.3 million at September 30, 2012 and $27.8 million a year ago, reflecting the seasonality in the mortgage market. Northrim purchases these loans from its mortgage affiliate, Residential Mortgage, and sells them into the secondary market.The mix of deposits continues to improve with balances in transaction accounts at December 31, 2012 representing 90.4% of total deposits, up from 88.1% a year ago. At the end of 2012, total deposits were $970.1 million, up 3% from $944.9 million at September 30, 2012, and up 6% from $911.2 million a year ago.
Northrim BanCorp Profits Increased 14% To $12.9 Million, Or $1.97 Per Diluted Share, In 2012
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