Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Balance Sheets

Balance Sheets at December 31,	2019		2018
(In Thousands)
Assets
Cash and cash equivalents		$25,294		$18,314
Marketable equity securities	7,945		7,265
Investment in Northrim Bank	183,285		181,781
Investment in NISC	1,530		1,501
Investment in NST2	310		310
Taxes receivable, net	—		6,914
Other assets	6		800
Total Assets		$218,370		$216,885
Liabilities
Junior subordinated debentures		$10,310		$10,310
Other liabilities	943		628
Total Liabilities	11,253		10,938
Shareholders' Equity
Common stock	6,559		6,883
Additional paid-in capital	50,512		62,132
Retained earnings	149,615		137,452
Accumulated other comprehensive income (loss)	431		(520		)
Total Shareholders' Equity	207,117		205,947
Total Liabilities and Shareholders' Equity		$218,370		$216,885

Statements of Income

Statements of Income for Years Ended:	2019			2018			2017
(In Thousands)
Income
Interest income		$635			$477			$408
Equity in undistributed earnings from Northrim Bank	20,680			20,888			14,055
Equity in undistributed earnings from NISC	218			166			122
Income (loss) on marketable equity securities	911			(625		)	—
Other income	44			5			—
Total Income		$22,488			$20,911			$14,585
Expense
Interest expense	389			389			516
Administrative and other expenses	2,168			2,524			2,242
Total Expense	2,557			2,913			2,758
Income Before Benefit from Income Taxes	19,931			17,998			11,827
Benefit from income taxes	(760		)	(2,006		)	(1,324		)
Net Income		$20,691			$20,004			$13,151

Statements of Cash Flows

Statements of Cash Flows for Years Ended:	2019			2018			2017
(In Thousands)
Operating Activities:
Net income		$20,691			$20,004			$13,151
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries	(20,897		)	(20,920		)	(14,132		)
Change in fair value marketable equity securities	(911		)	625			—
Stock-based compensation	832			816			665
Changes in other assets and liabilities	8,556			(6,428		)	207
Net Cash Used from Operating Activities	8,271			(5,903		)	(109		)
Investing Activities:
Purchases of marketable equity securities	—			(3,000		)	(499		)
Proceeds from sales/calls/maturities of marketable equity securities	229			783			—
Investment in Northrim Bank, NISC, NCT1 & NST2	19,488			17,877			11,989
Net Cash Provided by Investing Activities	19,717			15,660			11,490
Financing Activities:
Dividends paid to shareholders	(8,512		)	(7,064		)	(5,965		)
Proceeds from issuance of common stock and excess tax benefits	73			243			100
Repurchase of common stock	(12,569		)	(494		)	(1,607		)
Net Cash Used from Financing Activities	(21,008		)	(7,315		)	(7,472		)
Net change in Cash and Cash Equivalents	6,980			2,442			3,909
Cash and Cash Equivalents at beginning of year	18,314			15,872			11,963
Cash and Cash Equivalents at end of year		$25,294			$18,314			$15,872