Parent Company Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Information

Parent Company Information

Balance Sheets at December 31,	2014		2013
(In Thousands)
Assets
Cash and cash equivalents		$6,890		$10,121
Investment securities available for sale	3,152		3,034
Investment in Northrim Bank	169,590		144,799
Investment in NISC	1,633		1,502
Investment in NCT1	248		248
Investment in NST2	310		310
Due from NISC	101		341
Other assets	1,268		2,354
Total Assets		$183,192		$162,709
Liabilities
Junior subordinated debentures		$18,558		$18,558
Other liabilities	311		—
Total Liabilities	18,869		18,558
Shareholders' Equity
Common stock	6,854		6,538
Additional paid-in capital	61,729		54,089
Retained earnings	95,493		82,855
Accumulated other comprehensive income	247		669
Total Shareholders' Equity	164,323		144,151
Total Liabilities and Shareholders' Equity		$183,192		$162,709

Statements of Income for Years Ended:	2014			2013			2012
(In Thousands)
Income
Interest income		$197			$208			$198
Net income from Northrim Bank	19,358			13,645			13,950
Net income from NISC	167			37			35
Other income	30			170			209
Total Income		$19,752			$14,060			$14,392
Expense
Interest expense	451			459			493
Administrative and other expenses	3,243			2,387			1,646
Total Expense	3,694			2,846			2,139
Income Before Benefit from Income Taxes	16,058			11,214			12,253
Benefit from income taxes	(1,350		)	(1,111		)	(693		)
Net Income		$17,408			$12,325			$12,946

Statements of Cash Flows for Years Ended:	2014			2013			2012
(In Thousands)
Operating Activities:
Net income		$17,408			$12,325			$12,946
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries	(19,525		)	(13,683		)	(13,985		)
Stock-based compensation	360			506			454
Changes in other assets and liabilities	(241		)	(60		)	79
Net Cash Used from Operating Activities	(1,998		)	(912		)	(506		)
Investing Activities:
Investment in securities available for sale	—			525			(2,527		)
Alaska Pacific acquisition, net of cash received	6,367			—			—
Investment in Northrim Bank, NISC, NCT1 & NST2	(3,000		)	5,874			7,921
Net Cash Provided by Investing Activities	3,367			6,399			5,394
Financing Activities:
Dividends paid to shareholders	(4,750		)	(4,215		)	(3,676		)
Proceeds from issuance of common stock and excess tax benefits	150			100			233
Net Cash Used from Financing Activities	(4,600		)	(4,115		)	(3,443		)
Net Increase  by Cash and Cash Equivalents	(3,231		)	1,372			1,445
Cash and Cash Equivalents at beginning of year	10,121			8,749			7,304
Cash and Cash Equivalents at end of year		$6,890			$10,121			$8,749