Parent Company Information

12 Months Ended

Dec. 31, 2012

Parent Company Information [Abstract]

Parent Company Information

NOTE 25 - Parent Company Information

Balance Sheets for December 31,	2012		2011
		(In Thousands)
Assets
Cash and cash equivalents	$	8,749	$	7,304
Investment securities available for sale		3,757		999
Investment in Northrim Bank		138,936		130,837
Investment in NISC		1,491		1,669
Investment in NCT1		248		248
Investment in NST2		310		310
Due from NISC		414		513
Other assets		913		2,302
Total Assets	$	154,818	$	144,182
Liabilities
Junior subordinated debentures	$	18,558	$	18,558
Other liabilities		-		241
Total Liabilities		18,558		18,799
Shareholders' Equity
Common stock		6,512		6,467
Additional paid-in capital		53,638		53,164
Retained earnings		74,742		65,469
Accumulated other comprehensive income		1,368		283
Total Shareholders' Equity		136,260		125,383
Total Liabilities and Shareholders' Equity	$	154,818	$	144,182

Statements of Income for Years Ended:	2012		2011		2010
		(In Thousands)
Income
Interest income	$	198	$	51	$	57
Net income from Northrim Bank		13,950		12,442		10,246
Net loss from NISC		35		17		(167)
Other income		209		92		270
Total Income	$	14,392	$	12,602	$	10,406
Expense
Interest expense		493		466		470
Administrative and other expenses		1,646		1,737		1,579
Total Expense		2,139		2,203		2,049
Income Before Benefit from Income Taxes		12,253		10,399		8,357
Benefit from income taxes		(693)		(999)		(709)
Net Income	$	12,946	$	11,398	$	9,066

Statements of Cash Flows for Years Ended:	2012		2011		2010
		(In Thousands)
Operating Activities:
Net income	$	12,946	$	11,398	$	9,066
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries		(13,985)		(12,461)		(10,076)
Stock-based compensation		454		519		466
Changes in other assets and liabilities		79		(852)		(568)
Net Cash Used from Operating Activities		(506)		(1,396)		(1,112)
Investing Activities:
Investment in securities available for sale		(2,527)		(999)		-
Investment in Northrim Bank, NISC, NCT1 & NST2		7,921		7,040		4,307
Net Cash Used from Investing Activities		5,394		6,041		4,307
Financing Activities:
Dividends paid to shareholders		(3,676)		(3,264)		(2,848)
Proceeds from issuance of common stock and excess tax benefits		233		171		185
Net Cash Provided by Financing Activities		(3,443)		(3,093)		(2,663)
Net Increase  by Cash and Cash Equivalents		1,445		1,552		532
Cash and Cash Equivalents at beginning of year		7,304		5,752		5,220
Cash and Cash Equivalents at end of year	$	8,749	$	7,304	$	5,752