Parent Company Information

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Information

Parent Company Information

Balance Sheets at December 31,	2017			2016
(In Thousands)
Assets
Cash and cash equivalents		$15,872			$11,963
Investment securities available for sale	5,731			4,967
Investment in Northrim Bank	177,824			184,511
Investment in NISC	1,469			1,487
Investment in NCT1	—			248
Investment in NST2	310			310
Other assets	1,951			2,248
Total Assets		$203,157			$205,734
Liabilities
Junior subordinated debentures		$10,310			$18,558
Other liabilities	45			582
Total Liabilities	10,355			19,140
Shareholders' Equity
Common stock	6,872			6,898
Additional paid-in capital	61,793			62,952
Retained earnings	124,322			117,141
Accumulated other comprehensive loss	(185		)	(397		)
Total Shareholders' Equity	192,802			186,594
Total Liabilities and Shareholders' Equity		$203,157			$205,734

Statements of Income for Years Ended:	2017			2016			2015
(In Thousands)
Income
Interest income		$408			$369			$116
Equity in undistributed earnings from Northrim Bank	14,003			15,301			18,865
Equity in undistributed earnings from NISC	122			95			140
Other income	52			—			175
Total Income		$14,585			$15,765			$19,296
Expense
Interest expense	516			534			463
Administrative and other expenses	2,242			2,382			2,191
Total Expense	2,758			2,916			2,654
Income Before Benefit from Income Taxes	11,827			12,849			16,642
Benefit from income taxes	(1,324		)	(1,562		)	(1,141		)
Net Income		$13,151			$14,411			$17,783

Statements of Cash Flows for Years Ended:	2017			2016			2015
(In Thousands)
Operating Activities:
Net income		$13,151			$14,411			$17,783
Adjustments to Reconcile Net Income to Net Cash:
Equity in undistributed earnings from subsidiaries	(14,101		)	(15,396		)	(19,005		)
Stock-based compensation	665			778			608
Changes in other assets and liabilities	176			(1,458		)	(298		)
Net Cash Used from Operating Activities	(109		)	(1,665		)	(912		)
Investing Activities:
Purchases of investment securities available for sale	(499		)	(1,373		)	(3,549		)
Proceeds from sales/calls/maturities of securities available for sale	—			—			2,998
Investment in Northrim Bank, NISC, NCT1 & NST2	11,989			10,115			9,842
Net Cash Provided by Investing Activities	11,490			8,742			9,291
Financing Activities:
Dividends paid to shareholders	(5,965		)	(5,372		)	(5,117		)
Proceeds from issuance of common stock and excess tax benefits	100			—			106
Repurchase of common stock	(1,607		)	—			—
Net Cash Used from Financing Activities	(7,472		)	(5,372		)	(5,011		)
Net change in Cash and Cash Equivalents	3,909			1,705			3,368
Cash and Cash Equivalents at beginning of year	11,963			10,258			6,890
Cash and Cash Equivalents at end of year		$15,872			$11,963			$10,258