Northrim bancorp, inc. (NRIM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

20,691

20,004

13,478

14,990

18,334

17,867

12,412

13,458

11,827

9,465

8,115

Adjustments to Reconcile Net Income to Net Cash Used by Operating Activities:
Gain on sale of securities, net

23

0

11

-11

271

461

333

336

419

649

220

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

22

170

143

376

300

Loss on sale of premises and equipment

0

-2

-3

-352

-37

1,109

0

0

-

-

-

Gain (Loss) on Disposition of Business

0

0

4,445

0

0

-

-

-

-

-

-

Depreciation and amortization of premises and equipment and intangible assets

3,046

2,353

2,967

-

-

-

-

-

-

-

-

Gain on purchase of mortgage affiliate

-

-

-

-

-

3,001

0

0

-

-

-

Depreciation and amortization of premises and equipment

-

-

-

2,439

2,264

1,865

1,793

1,674

1,719

1,582

-

Amortization of software

1,019

911

675

157

179

180

-

-

-

-

-

Amortization of software

-

-

-

-

-

-

-180

-181

-210

-179

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

-

-

-

-

1,635

Amortization of software

-

-

-

-

-

-

-

-

-

-

160

Amortization of Intangible Assets

-

-

-

135

258

289

228

252

275

299

323

Amortization of investment security premium, net of discount accretion

15

-199

-332

-27

202

187

-

-

-

-

-

Loss (gain) on marketable equity securities

911

-625

0

0

-

-

-

-

-

-

-

Deferred tax (benefit) expense

-711

-3,014

-4,004

325

-148

1,311

-1,215

-881

959

-5,777

1,496

Stock-based compensation

832

816

665

778

608

360

506

454

519

466

648

Excess tax expense from share-based payment arrangements

-

-

-

-63

56

96

100

233

171

185

26

Amortization of deferred loan fees, net of costs

-598

-331

278

178

-61

-530

-590

-428

168

-373

-86

Provision for Loan and Lease Losses

-1,175

-500

3,200

2,298

1,754

-636

-635

-1,559

1,999

5,583

7,066

(Benefit) reserve for purchased receivables

-96

-10

29

-10

-138

704

100

357

0

-

-

Servicing Asset at Fair Value, Additions

3,707

3,641

3,146

3,029

802

-

-

-

-

-

-

Change in fair value of home mortgage servicing rights carried at fair value

2,608

125

-2

526

-

-

-

-

-

-

-

Change in fair value of commercial servicing rights carried at fair value

-6

-972

0

0

-

-

-

-

-

-

-

Change in fair value of mortgage servicing rights carried at fair value

-

-

-

-

158

-

-

-

-

-

-

Purchased receivable loss

-

-

-

-

-

-

-

-

-

-

166

Purchases of loans held for sale

-

-

-

-

-

132,013

156,521

242,535

82,915

70,385

75,096

Gain on sale of loans

19,813

14,822

18,013

25,413

26,398

2,232

-

-

-

-

64

Proceeds from the sale of loans held for sale

670,986

551,607

571,909

768,169

773,526

205,636

156,925

258,652

60,662

64,850

75,160

Origination of loans held for sale

684,297

527,516

554,078

735,799

753,815

62,652

0

0

-

-

-

Gain on sale of other real estate owned

380

3

371

295

315

631

-

-

-

-

-

Gain on sale of other real estate owned

-

-

-

-

-

-

288

46

889

1,663

453

Impairment on other real estate owned

0

0

904

187

361

56

112

469

92

246

-

Impairment on equity method investment

0

804

686

0

0

-

-

-

-

-

-

Impairment on other real estate owned

-

-

-

-

-

-

-

-

-

-

825

Equity in undistributed earnings from mortgage affiliate

-

-

-

-

-

172

-200

816

191

851

-492

Net changes in assets and liabilities:
Loss on prepayment of borrowings

-

-

-

-

-

-

-

-

-

-

718

(Increase) in accrued interest receivable

-305

432

651

114

247

644

111

-280

-503

-585

-826

Proceeds from refund of prepaid FDIC premiums

-

-

-

-

-

-

3,405

0

0

-

-

(Increase) decrease in other assets

-6,395

2,512

-841

-10,015

-6,232

-6,406

-403

1,762

-2,224

-715

6,491

Decrease (increase) in other liabilities

2,411

-5,233

586

-14,861

-11,041

-8,270

-1,455

2,580

514

1,343

-1,811

Net Cash (Used) Provided by Operating Activities

-821

25,150

19,284

20,123

10,635

20,478

18,648

32,549

-5,025

18,106

9,879

Investing Activities:
Investment in securities:
Purchases of investment securities available for sale

132,104

88,139

84,339

145,707

-

-

-

-

-

-

-

Purchases of marketable equity securities

0

2,992

0

0

-

-

-

-

-

-

-

Purchases of investment securities available for sale

-

-

-

-

210,308

264,943

140,856

111,431

169,712

236,299

158,405

Purchases of FHLB stock

880

0

3,665

751

0

0

-

-

-

-

-

Proceeds from sales/calls/maturities of securities available for sale

130,482

122,644

102,660

105,621

200,343

237,425

95,199

-

-

-

-

Proceeds from calls/maturities of marketable equity securities

229

783

0

0

-

-

-

-

-

-

-

Purchases of investment securitiesheld to maturity

-

-

-

-

-

-

-

-

-

792

1,217

Proceeds from sales/maturities of securities available for sale

-

-

-

-

-

-

-

131,610

161,301

199,812

7,551

Proceeds from sales/maturities of securities-available-for-sale

-

-

-

-

-

-

-

-

-

-

114,375

Proceeds from calls/maturities of securities held to maturity

0

0

890

0

1,285

0

535

1,065

2,300

1,684

3,360

Purchases of domestic certificates of deposit

-

-

-

-

-

-3,500

-13,500

-11,500

-12,000

-

5,000

Proceeds from maturities of domestic certificates of deposit

-

-

-

-

3,500

13,500

13,500

10,000

0

-

14,500

Proceeds from redemption of FHLB stock

843

14

3,515

602

1,588

165

71

36

0

-

-

Decrease in purchased receivables, net

9,871

-7,835

1,769

7,155

-2,066

-67

-

-

-

-

-

Decrease in purchased receivables, net

-

-

-

-

-

-

-2,897

-10,830

13,735

9,672

-11,648

Increase in loans, net

58,879

31,852

-12,278

-1,160

57,927

27,686

66,249

59,299

-24,261

24,272

-

Loan advances, net of paydowns

-

-

-

-

-

-

-

-

-

-

36,862

Proceeds from sale of other real estate owned

1,299

1,522

3,302

934

2,733

2,402

2,623

1,994

8,425

11,124

9,120

Proceeds from the sale of Northrim Benefits Group

0

0

4,625

0

0

-

-

-

-

-

-

Net cash received from Alaska Pacific acquisition

-

-

-

-

-

-6,367

0

0

-

-

-

Cash paid for Residential Mortgage acquisition, net of cash received

-

-

-

-

-

7,412

0

0

-

-

-

Investment in other real estate owned

0

144

0

311

0

0

-

98

57

-235

-1,699

Proceeds from the sale of Northrim Benefits Group

-

-

-

-

219

0

-

-

-

-

-

Purchases of software

721

517

5,680

0

116

-

-

-

-

-

-

Elliott Cove divestiture, net of cash received

-

-

-

-

-

-

0

-

-

-

-

Decrease in loan to Elliott Cove, net

-

-

-

-

-

239

0

106

97

35

-121

Proceeds from sales of premises and equipment

0

3

116

1,401

188

1,550

-

-

-

-

-

Purchases of premises and equipment

2,318

3,511

1,555

3,293

7,026

6,832

2,209

1,589

664

2,107

425

Net Cash (Used) Provided by Investing Activities

-71,920

5,646

30,378

-47,499

-63,455

-48,658

-107,989

-28,276

216

-60,722

30,549

Financing Activities:
Increase (decrease) in deposits

144,263

-30,195

-9,370

26,861

61,045

24,585

33,594

58,881

19,112

39,028

9,856

Increase in securities sold under repurchase agreements

-34,278

6,532

139

-3,813

11,577

-1,300

2,105

2,690

3,474

6,141

5,103

Proceeds from borrowings

1,817

0

3,097

-

-

-

-

-

-

-

-

Repayments of borrowings

167

121

73

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

0

0

445

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

-

-

-

640

490

508

13

471

427

397

376

Repayment of junior subordinated debentures

0

0

8,248

0

0

-

-

-

-

-

-

Proceeds from the issuance of common stock

73

243

100

0

50

54

0

0

-

-

47

Proceeds from borrowings

-

-

-

2,265

0

0

-

-

-

-

-

Repayments of borrowings

-

-

-

47

24,184

7,032

-

-

-

-

-

Increase (decrease) in borrowings

-

-

-

-

-

-

2,048

-147

-760

-201

-23,607

Repurchase of common stock

12,569

494

1,607

0

0

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

56

96

100

233

171

185

26

Cash dividends paid

8,512

7,064

5,965

5,372

5,117

4,750

4,215

3,676

3,264

2,828

2,586

Net Cash Provided (Used) by Financing Activities

90,627

-31,099

-22,372

19,254

42,937

11,145

33,619

57,510

18,306

41,928

-11,537

Net Change in Cash and Cash Equivalents

17,886

-303

27,290

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-

-

-

-8,122

-9,883

-17,035

-55,722

61,783

13,497

-688

28,891

Supplemental Information:
Income taxes paid

1,658

1,766

7,764

4,414

5,674

5,927

3,552

6,632

4,315

2,769

5,536

Interest paid

5,640

2,971

2,470

2,553

2,833

2,087

2,035

2,510

3,792

5,579

7,578

Noncash commitments to invest in Low Income Housing Tax Credit Partnerships

11,267

0

0

6,809

55

8,518

-

-

-

-

-

Transfer of loans to other real estate owned

0

686

5,912

4,036

1,259

1,137

365

1,684

2,155

2,841

-

Non-cash lease liability arising from obtaining right of use assets

1,234

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

12,441

Loans made to facilitate sales of other real estate owned

-

-

-

-

-

-

-

300

1,825

6,092

2,597

Assets acquired

-

-

-

-

-

235,069

0

-

-

-

-

Liabilities assumed

-

-

-

-

-

197,338

0

-

-

-

-