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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income $ 13,264 $ 11,295
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
(Gain) loss on sale of securities, net (11) 11
Gain on sale of Northrim Benefits Group 4,443 0
Loss on disposal of premises and equipment 3 365
Depreciation and amortization of premises and equipment 2,042 1,800
Amortization of software 184 123
Intangible asset amortization 79 106
Amortization of investment security premium, net of discount accretion 172 3
Deferred tax liability 617 (251)
Stock-based compensation 435 531
Excess tax expense from share-based payment arrangements 0 35
Deferral of loan fees and costs, net (459) (204)
Provision for loan losses 3,200 1,555
Reserve (recovery) for purchased receivables 29 (18)
Gain on sale of loans (13,929) (19,426)
Proceeds from the sale of loans held for sale 419,783 560,092
Origination of loans held for sale (421,472) (566,565)
Gain on sale of other real estate owned (369) (239)
Impairment on other real estate owned 340 187
Net changes in assets and liabilities:    
Increase in accrued interest receivable (396) (54)
(Increase) decrease in other assets (3,483) 3,926
Decrease in other liabilities (40) (10,944)
Net Cash Used by Operating Activities (4,454) (17,672)
Investment in securities:    
Purchases of investment securities available for sale (16,283) (90,412)
Purchases of FHLB stock (3,665) (151)
Proceeds from sales/calls/maturities of securities available for sale 77,865 82,812
Proceeds from redemption of FHLB stock 3,514 2
Decrease (increase) in purchased receivables, net 7,532 (2,156)
Increase in loans, net (15,379) (16,515)
Proceeds from sale of other real estate owned 3,265 793
Investment in other real estate owned 0 (311)
Proceeds from the sale of Northrim Benefits Group 4,625 0
Proceeds from sale of premises and equipment 116 1,379
Purchases of premises and equipment (2,889) (2,429)
Net Cash Provided (Used) by Investing Activities 58,701 (26,988)
Financing Activities:    
Increase (decrease) increase in deposits (9,337) 37,574
Increase (decrease) in securities sold under repurchase agreements 3,477 (3,719)
Increase in borrowings 3,049 2,230
Distributions to noncontrolling interest (445) (205)
Repayment of junior subordinated debentures (8,248) 0
Repurchase of common stock (1,608) 0
Excess tax benefits from share-based payment arrangements 0 (35)
Cash dividends paid (4,417) (3,992)
Net Cash (Used) Provided by Financing Activities (17,529) 31,853
Net Change in Cash and Cash Equivalents 36,718 (12,807)
Cash and Cash Equivalents at Beginning of Period 50,551 58,673
Cash and Cash Equivalents at End of Period 87,269 45,866
Supplemental Information:    
Income taxes paid 7,764 4,412
Interest paid 1,821 1,823
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 0 6,809
Transfer of loans to other real estate owned 167 201
Cash dividends declared but not paid $ 41 $ 39