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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, | 2021 |  | 2020
(In Thousands) |
Assets |  |  |
Cash and cash equivalents | $35,546 |  |  | $24,742 |
Marketable equity securities | 8,420 |  |  | 9,052 |
Investment in Northrim Bank | 202,819 |  |  | 196,002 |
Investment in NISC | 1,336 |  |  | 1,472 |
Investment in NST2 | 310 |  |  | 310 |
Taxes receivable, net | 603 |  |  | 1,973 |
Other assets | 358 |  |  | 497 |
Total Assets | $249,392 |  |  | $234,048 |
Liabilities |  |  |
Junior subordinated debentures | $10,310 |  |  | $10,310 |
Other liabilities | 1,265 |  |  | 2,163 |
Total Liabilities | 11,575 |  |  | 12,473 |
Shareholders' Equity |  |  |
Common stock | 6,015 |  |  | 6,251 |
Additional paid-in capital | 31,162 |  |  | 41,808 |
Retained earnings | 204,046 |  |  | 173,498 |
Accumulated other comprehensive (loss) income | (3,406) |  |  | 18 |
Total Shareholders' Equity | 237,817 |  |  | 221,575 |
Total Liabilities and Shareholders' Equity | $249,392 |  |  | $234,048 |
Statements of Income for Years Ended: | 2021 |  | 2020 |  | 2019
(In Thousands) |
Income |  |  |  |  |
Interest income | $551 |  |  | $599 |  |  | $635 |
Equity in undistributed earnings from Northrim Bank | 38,625 |  |  | 33,570 |  |  | 20,680 |
Equity in undistributed earnings from NISC | 66 |  |  | 174 |  |  | 218 |
Gain on sale of marketable equity securities, net | 67 |  |  | 98 |  |  | — |
Unrealized gain (loss) on marketable equity securities | (101) |  |  | 61 |  |  | 911 |
Other income | 151 |  |  | 10 |  |  | 44 |
Total Income | $39,359 |  |  | $34,512 |  |  | $22,488 |
Expense |  |  |  |  |
Interest expense | 382 |  |  | 385 |  |  | 389 |
Administrative and other expenses | 2,754 |  |  | 2,748 |  |  | 2,168 |
Total Expense | 3,136 |  |  | 3,133 |  |  | 2,557 |
Income Before Benefit from Income Taxes | 36,223 |  |  | 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: | 2021 |  | 2020 |  | 2019
(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 securities | 101 |  |  | (61) |  |  | (911) |
Stock-based compensation | 1,073 |  |  | 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 securities | 1,016 |  |  | 503 |  |  | 229 |
Investment in Northrim Bank, NISC & NST2 | 31,894 |  |  | 21,423 |  |  | 19,488 |
Net Cash Provided by Investing Activities | 32,417 |  |  | 20,374 |  |  | 19,717 |
Financing Activities: |  |  |  |  |
Dividends paid to shareholders | (9,388) |  |  | (8,844) |  |  | (8,512) |
Proceeds from issuance of common stock | 1,543 |  |  | 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 Equivalents | 10,804 |  |  | (552) |  |  | 6,980 |
Cash and Cash Equivalents at beginning of year | 24,742 |  |  | 25,294 |  |  | 18,314 |
Cash and Cash Equivalents at end of year | $35,546 |  |  | $24,742 |  |  | $25,294 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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