Parent Company Information

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Information

Parent Company Information

Balance Sheets at December 31,	2016			2015
(In Thousands)
Assets
Cash and cash equivalents		$11,963			$10,258
Investment securities available for sale	4,967			3,524
Investment in Northrim Bank	184,511			178,905
Investment in NISC	1,487			1,474
Investment in NCT1	248			248
Investment in NST2	310			310
Other assets	2,248			1,184
Total Assets		$205,734			$195,903
Liabilities
Junior subordinated debentures		$18,558			$18,558
Other liabilities	582			310
Total Liabilities	19,140			18,868
Shareholders' Equity
Common stock	6,898			6,877
Additional paid-in capital	62,952			62,420
Retained earnings	117,141			108,150
Accumulated other comprehensive loss	(397		)	(412		)
Total Shareholders' Equity	186,594			177,035
Total Liabilities and Shareholders' Equity		$205,734			$195,903

Statements of Income for Years Ended:	2016			2015			2014
(In Thousands)
Income
Interest income		$369			$116			$197
Equity in undistributed earnings from Northrim Bank	15,301			18,865			19,358
Equity in undistributed earnings from NISC	95			140			167
Other income	—			175			30
Total Income		$15,765			$19,296			$19,752
Expense
Interest expense	534			463			451
Administrative and other expenses	2,382			2,191			3,243
Total Expense	2,916			2,654			3,694
Income Before Benefit from Income Taxes	12,849			16,642			16,058
Benefit from income taxes	(1,562		)	(1,141		)	(1,350		)
Net Income		$14,411			$17,783			$17,408

Statements of Cash Flows for Years Ended:	2016			2015			2014
(In Thousands)
Operating Activities:
Net income		$14,411			$17,783			$17,408
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries	(15,396		)	(19,005		)	(19,525		)
Stock-based compensation	778			608			360
Changes in other assets and liabilities	(1,458		)	(298		)	(241		)
Net Cash Used from Operating Activities	(1,665		)	(912		)	(1,998		)
Investing Activities:
Purchases of investment securities available for sale	(1,373		)	(3,549		)	—
Proceeds from sales/calls/maturities of securities available for sale	—			2,998			—
Net cash received from Alaska Pacific acquisition	—			—			6,367
Investment in Northrim Bank, NISC, NCT1 & NST2	10,115			9,842			(3,000		)
Net Cash Provided by Investing Activities	8,742			9,291			3,367
Financing Activities:
Dividends paid to shareholders	(5,372		)	(5,117		)	(4,750		)
Proceeds from issuance of common stock and excess tax benefits	—			106			150
Net Cash Used from Financing Activities	(5,372		)	(5,011		)	(4,600		)
Net change in Cash and Cash Equivalents	1,705			3,368			(3,231		)
Cash and Cash Equivalents at beginning of year	10,258			6,890			10,121
Cash and Cash Equivalents at end of year		$11,963			$10,258			$6,890