Parent Company Information

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Parent Company Information

Parent Company Information

Balance Sheets at December 31,	2018			2017
(In Thousands)
Assets
Cash and cash equivalents		$18,314			$15,872
Marketable equity securities	7,265			5,731
Investment in Northrim Bank	181,781			177,824
Investment in NISC	1,501			1,469
Investment in NST2	310			310
Taxes receivable, net	6,914			992
Other assets	800			1,951
Total Assets		$216,885			$204,149
Liabilities
Junior subordinated debentures		$10,310			$10,310
Other liabilities	628			1,037
Total Liabilities	10,938			11,347
Shareholders' Equity
Common stock	6,883			6,872
Additional paid-in capital	62,132			61,793
Retained earnings	137,452			124,322
Accumulated other comprehensive loss	(520		)	(185		)
Total Shareholders' Equity	205,947			192,802
Total Liabilities and Shareholders' Equity		$216,885			$204,149

Statements of Income for Years Ended:	2018			2017			2016
(In Thousands)
Income
Interest income		$477			$408			$369
Equity in undistributed earnings from Northrim Bank	20,888			14,055			14,969
Equity in undistributed earnings from NISC	166			122			95
Loss on marketable equity securities	(625		)	—			—
Other income	5			—			—
Total Income		$20,911			$14,585			$15,433
Expense
Interest expense	389			516			534
Administrative and other expenses	2,524			2,242			2,050
Total Expense	2,913			2,758			2,584
Income Before Benefit from Income Taxes	17,998			11,827			12,849
Benefit from income taxes	(2,006		)	(1,324		)	(1,562		)
Net Income		$20,004			$13,151			$14,411

Statements of Cash Flows for Years Ended:	2018			2017			2016
(In Thousands)
Operating Activities:
Net income		$20,004			$13,151			$14,411
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries	(20,920		)	(14,132		)	(15,201		)
Change in fair value marketable equity securities	625			—			—
Stock-based compensation	816			665			778
Changes in other assets and liabilities	(6,428		)	207			(1,653		)
Net Cash Used from Operating Activities	(5,903		)	(109		)	(1,665		)
Investing Activities:
Purchases of marketable equity securities	(3,000		)	(499		)	(1,373		)
Proceeds from sales/calls/maturities of marketable equity securities	783			—			—
Investment in Northrim Bank, NISC, NCT1 & NST2	17,877			11,989			10,115
Net Cash Provided by Investing Activities	15,660			11,490			8,742
Financing Activities:
Dividends paid to shareholders	(7,064		)	(5,965		)	(5,372		)
Proceeds from issuance of common stock and excess tax benefits	243			100			—
Repurchase of common stock	(494		)	(1,607		)	—
Net Cash Used from Financing Activities	(7,315		)	(7,472		)	(5,372		)
Net change in Cash and Cash Equivalents	2,442			3,909			1,705
Cash and Cash Equivalents at beginning of year	15,872			11,963			10,258
Cash and Cash Equivalents at end of year		$18,314			$15,872			$11,963