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Parent Company Information
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Parent Company Information Parent Company Information
Balance Sheets at December 31,20212020
 (In Thousands)
Assets  
Cash and cash equivalents$35,546 $24,742 
Marketable equity securities8,420 9,052 
Investment in Northrim Bank202,819 196,002 
Investment in NISC1,336 1,472 
Investment in NST2310 310 
Taxes receivable, net603 1,973 
Other assets358 497 
Total Assets$249,392 $234,048 
Liabilities  
Junior subordinated debentures$10,310 $10,310 
Other liabilities1,265 2,163 
Total Liabilities11,575 12,473 
Shareholders' Equity  
Common stock6,015 6,251 
Additional paid-in capital31,162 41,808 
Retained earnings204,046 173,498 
Accumulated other comprehensive (loss) income(3,406)18 
Total Shareholders' Equity237,817 221,575 
Total Liabilities and Shareholders' Equity$249,392 $234,048 
Statements of Income for Years Ended:202120202019
 (In Thousands)
Income   
Interest income$551 $599 $635 
Equity in undistributed earnings from Northrim Bank38,625 33,570 20,680 
Equity in undistributed earnings from NISC66 174 218 
Gain on sale of marketable equity securities, net67 98 — 
Unrealized gain (loss) on marketable equity securities(101)61 911 
Other income151 10 44 
Total Income$39,359 $34,512 $22,488 
Expense   
Interest expense382 385 389 
Administrative and other expenses2,754 2,748 2,168 
Total Expense3,136 3,133 2,557 
Income Before Benefit from Income Taxes36,223 31,379 19,931 
Benefit from income taxes(1,294)(1,509)(760)
Net Income$37,517 $32,888 $20,691 
Statements of Cash Flows for Years Ended:202120202019
 (In Thousands)
Operating Activities:   
Net income$37,517 $32,888 $20,691 
Adjustments to Reconcile Net Income to Net Cash:  
Gain on sale of securities, net(67)(98)— 
Equity in undistributed earnings from subsidiaries(38,691)(33,744)(20,897)
Change in fair value marketable equity securities101 (61)(911)
Stock-based compensation1,073 943 832 
Changes in other assets and liabilities(2,167)(2,118)8,556 
Net Cash Used from Operating Activities(2,234)(2,190)8,271 
Investing Activities:   
Purchases of marketable equity securities(493)(1,552)— 
Proceeds from sales/calls/maturities of marketable equity securities1,016 503 229 
Investment in Northrim Bank, NISC & NST231,894 21,423 19,488 
Net Cash Provided by Investing Activities32,417 20,374 19,717 
Financing Activities:   
Dividends paid to shareholders(9,388)(8,844)(8,512)
Proceeds from issuance of common stock1,543 84 73 
Repurchase of common stock (11,534)(9,976)(12,569)
Net Cash Used from Financing Activities(19,379)(18,736)(21,008)
Net change in Cash and Cash Equivalents10,804 (552)6,980 
Cash and Cash Equivalents at beginning of year24,742 25,294 18,314 
Cash and Cash Equivalents at end of year$35,546 $24,742 $25,294