Other Operating IncomeNorthrim has a number of complementary businesses that provide a comprehensive suite of financial services to businesses and individuals, including purchased receivables financing, health insurance plans, mortgages, and wealth management. "Residential Mortgage, our mortgage affiliate in which we have a 23.5% ownership interest, has generated record breaking volumes in mortgage lending in the past two years as mortgage rates have dropped to historically affordable levels," said Beedle. "We believe that mortgages will continue to be an integral part of the financing needs of our customers and that Residential Mortgage will continue to provide contributions to revenues in the coming years."
Northrim BanCorp Profits Increased 14% To $12.9 Million, Or $1.97 Per Diluted Share, In 2012
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