Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Balance Sheets

Balance Sheets at December 31,	2024	2023
(In Thousands)
Assets
Cash and cash equivalents	$4,387	$19,055
Marketable equity securities	8,719	13,153
Investment in Northrim Bank	260,957	208,435
Investment in NISC	1,112	1,167
Investment in NST2	310	310
Taxes receivable, net	—	1,212
Other assets	2,233	2,152
Total Assets	$277,718	$245,484
Liabilities
Junior subordinated debentures	$10,310	$10,310
Other liabilities	292	456
Total Liabilities	10,602	10,766
Shareholders' Equity
Common stock	5,518	5,513
Additional paid-in capital	9,311	9,605
Retained earnings	259,311	236,037
Accumulated other comprehensive (loss) income	(7,024)	(16,437)
Total Shareholders' Equity	267,116	234,718
Total Liabilities and Shareholders' Equity	$277,718	$245,484

Statements of Income

Statements of Income for Years Ended:	2024	2023	2022
(In Thousands)
Income
Interest income	$1,203	$1,258	$698
Equity in undistributed earnings from Northrim Bank	37,334	26,871	32,853
Equity in undistributed earnings from NISC	83	(22)	120
Gain on sale of marketable equity securities, net	112	—	—
Unrealized gain (loss) on marketable equity securities	465	120	(1,119)
Total Income	$39,197	$28,227	$32,552
Expense
Interest expense	403	400	389
Administrative and other expenses	3,381	3,357	2,830
Total Expense	3,784	3,757	3,219
Income Before Benefit from Income Taxes	35,413	24,470	29,333
Benefit from income taxes	(1,558)	(924)	(1,408)
Net Income	$36,971	$25,394	$30,741

Statements of Cash Flows

Statements of Cash Flows for Years Ended:	2024	2023	2022
(In Thousands)
Operating Activities:
Net income	$36,971	$25,394	$30,741
Adjustments to Reconcile Net Income to Net Cash:
Gain on sale of securities, net	112	—	—
Equity in undistributed earnings from subsidiaries	(37,252)	(26,892)	(32,732)
Change in fair value marketable equity securities	(465)	(120)	1,119
Stock-based compensation	913	937	742
Changes in other assets and liabilities	(60)	(1,380)	(1,268)
Net Cash Provided (Used) by Operating Activities	219	(2,061)	(1,398)
Investing Activities:
Purchases of marketable equity securities	(1,964)	(2,297)	(3,934)
Proceeds from sales/calls/maturities of marketable equity securities	6,973	—	488
Investment in Northrim Bank, NISC & NST2	(6,157)	14,628	24,323
Net Cash (Used) Provided by Investing Activities	(1,148)	12,331	20,877
Financing Activities:
Dividends paid to shareholders	(13,751)	(13,609)	(10,571)
Proceeds from issuance of common stock	801	555	586
Repurchase of common stock	(789)	(9,044)	(14,157)
Net Cash Used by Financing Activities	(13,739)	(22,098)	(24,142)
Net change in Cash and Cash Equivalents	(14,668)	(11,828)	(4,663)
Cash and Cash Equivalents at beginning of year	19,055	30,883	35,546
Cash and Cash Equivalents at end of year	$4,387	$19,055	$30,883