Northrim bancorp, inc. (NRIM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

1,033

4,580

7,538

4,261

4,312

4,848

5,264

5,830

4,062

214

5,601

3,741

3,922

3,695

3,283

4,506

3,506

4,227

5,531

4,943

3,633

6,804

3,897

4,463

2,703

2,579

3,464

3,605

2,764

3,280

4,204

3,286

2,688

3,356

2,612

3,315

2,544

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

98

0

0

0

23

0

0

0

0

0

-3

0

14

0

0

12

-23

137

4

16

114

0

15

349

97

15

0

100

218

63

0

246

27

123

33

0

263

Depreciation and amortization of premises and equipment

761

-

-

-

733

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-41

-35

-50

-12

-7

9

32

14

11

54

91

-1

27

48

69

Loss on sale of premises and equipment

-

-

-

-

-

1

0

-31

28

0

0

-83

80

13

-7

-358

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

736

52

716

-

725

673

644

639

622

593

585

594

548

560

562

510

455

480

420

457

443

450

443

432

421

416

405

-

-

-

-

Amortization of software

276

266

257

250

246

241

239

128

303

491

74

78

32

34

39

42

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

-

-46

-45

-45

-43

-43

-45

-49

-44

-39

-51

-47

-

-

-

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

436

Amortization of software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

Amortization of Intangible Assets

12

-

15

15

15

-

18

17

18

-

26

27

26

29

36

35

35

40

73

72

73

75

81

81

52

53

58

59

58

59

64

65

64

64

70

71

70

Amortization of investment security premium, net of discount accretion

15

41

-1

0

-25

-43

-50

-51

-55

-160

-71

-41

-60

-24

5

-1

-7

6

77

58

61

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on marketable equity securities

-871

129

130

118

534

-482

30

-173

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax (benefit) expense

1,061

47

-23

-370

-365

-3,221

51

-104

260

-3,387

-41

-178

-398

74

699

571

-1,019

-462

-371

828

-143

-192

644

1,014

-155

-1,521

262

414

-370

-892

-229

401

-161

-352

915

-109

505

Stock-based compensation

242

288

193

155

196

245

159

159

253

230

156

151

128

247

154

216

161

251

120

119

118

106

65

82

107

115

164

115

112

115

114

112

113

138

118

129

134

Excess tax expense from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

1

20

10

-

-

-

-

87

46

21

17

Amortization of deferred loan fees, net of costs

148

-461

-306

-18

187

-132

-148

-99

48

-181

439

-21

41

-26

-88

-69

361

-264

111

3

89

97

-208

-629

210

-213

-393

46

-30

-82

-93

19

-272

-72

-106

136

210

Provision for Loan and Lease Losses

2,060

-150

-2,075

300

750

-200

0

-300

0

0

2,500

300

400

743

652

200

703

376

676

376

326

500

0

-1,136

0

0

-785

0

150

-300

-1,437

89

89

350

550

550

549

Reserve (benefit) for purchased receivables

5

-

-

-

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) reserve for purchased receivables

-

-

-

-

-

-

-

-8

9

0

6

11

12

8

0

-6

-12

-43

-23

-18

-54

257

241

243

-37

131

0

-115

84

-

-

-

-

-

-

-

-

Servicing Asset at Fair Value, Additions

663

1,035

1,033

532

1,107

979

1,090

812

760

1,060

649

551

886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

930

-

663

950

674

-

128

118

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

21

-124

20

75

23

-972

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,788

41,348

45,395

30,482

31,024

49,817

55,438

20,242

56,862

99,097

46,956

39,620

-

-

-

-

Gain on sale of loans

4,643

5,215

6,768

4,903

2,927

3,156

4,268

4,052

3,346

4,084

5,218

4,990

3,721

5,987

7,502

7,147

4,777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of loans held for sale

154,443

200,425

228,152

142,536

99,873

139,045

158,239

139,145

115,178

152,126

162,337

123,099

134,347

208,077

216,005

194,614

149,473

180,851

215,893

218,417

158,365

87,435

45,212

45,534

27,455

33,624

51,727

51,081

20,493

82,448

84,435

36,593

55,176

55,104

0

0

5,558

Origination of loans held for sale

168,224

181,102

241,795

168,953

92,447

113,963

156,301

148,183

109,069

132,606

162,470

143,944

115,058

169,234

224,595

208,920

133,050

159,590

201,402

216,451

176,372

62,652

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate owned

37

0

64

0

316

-130

84

49

0

2

214

114

41

56

127

52

60

179

0

136

0

161

102

74

294

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

21

64

-44

7

19

30

54

733

72

Impairment on other real estate owned

-

-

-

-

-

-

-

-

-

564

74

100

166

0

57

130

0

1

92

0

268

11

0

45

0

-

-

-

-

-

-

-

-

-

-

-

-

Equity in undistributed earnings from mortgage affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

384

3

-148

-124

-59

175

-192

496

357

-45

8

391

-19

-482

301

Net changes in assets and liabilities:
(Increase) in accrued interest receivable

495

-286

6

-218

193

30

298

-279

383

255

367

-244

273

60

116

-322

260

144

77

-385

411

-110

347

202

205

-33

33

-241

352

-214

31

-356

259

-132

285

-439

-217

(Increase) decrease in other assets

3,186

-3,138

-6,419

4,060

-898

3,195

-11,297

10,394

220

-2,300

640

2,517

-1,698

-6,089

-7,228

3,403

-101

-2,403

-1,477

291

-2,643

-4,721

-2,242

-4,342

4,899

111

-449

950

-1,015

1,256

-278

1,056

-272

-119

-2,109

1,368

-1,364

Decrease (increase) in other liabilities

975

-1,179

2,922

2,109

-1,441

828

-4,065

-199

-1,797

626

1,948

-1,560

-428

-3,917

-4,472

2,323

-8,795

-5,104

2,794

1,151

-9,882

-5,664

392

-1,497

-1,501

-2,807

-211

4,287

-2,724

2,578

537

324

-859

722

133

108

-449

Net Cash (Used) Provided by Operating Activities

-16,941

21,520

-4,586

-26,641

8,886

27,362

10,890

-17,811

4,709

23,738

-582

-24,881

21,009

37,795

-9,310

-16,702

8,340

18,427

18,426

-5,412

-20,806

12,091

8,838

6,239

-6,690

8,204

5,606

2,613

2,225

-

-

-7,241

18,586

-22,571

4,895

2,874

9,777

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

38,906

68,200

48,531

4,997

10,376

39,569

22,839

15,731

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable equity securities

1,038

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

11,283

-

58,427

14,992

16,993

102,435

48,677

42,404

16,792

108,929

63,080

53,809

39,125

46,177

16,482

37,246

40,951

47,940

23,888

32,502

7,101

56,470

56,410

24,993

31,839

Purchases of FHLB stock

1,943

1

73

596

210

0

0

0

0

0

672

1,675

1,318

600

0

91

60

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

44,868

49,423

41,330

30,752

8,977

32,741

22,502

49,013

18,388

24,795

26,998

31,969

18,898

22,809

48,529

21,219

13,064

43,852

40,574

71,216

44,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of marketable equity securities

503

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales/maturities of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,154

84,343

55,742

-

983

34,805

23,528

16,311

41,539

60,024

13,736

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,991

Proceeds from calls/maturities of securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

850

-295

510

565

743

937

55

Proceeds from redemption of FHLB stock

769

3

2

598

240

2

1

2

9

1

549

1,675

1,290

600

1

0

1

0

1

1,550

37

36

34

17

78

18

18

18

17

-

-

-

-

-

-

-

-

Decrease in purchased receivables, net

-698

10,707

548

-8,215

6,831

1,694

-7,621

902

-2,810

9,301

-6,899

5,361

-5,994

4,999

1,904

1,883

-1,631

-449

-339

-1,302

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in purchased receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,723

-6,162

2,355

-12,745

7,748

-255

-4,296

25

1,305

-7,864

4,728

10,793

1,132

-2,918

Increase in loans, net

38,647

7,334

20,455

33,372

-2,282

3,063

14,401

567

13,821

-27,657

-1,298

30,697

-14,020

-17,675

29,578

-3,104

-9,959

7,568

-238

14,343

36,254

-1,213

9,847

24,826

-5,774

16,120

35,806

-3,181

17,504

32,433

13,635

-7,540

20,771

-

-

-

-

Loan advances, net of paydowns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,891

Proceeds from sale of other real estate owned

37

150

64

0

1,085

910

336

205

71

37

950

1,668

647

141

316

66

411

762

0

1,660

311

574

229

305

1,294

1,316

673

433

201

1,030

765

149

50

513

618

6,154

1,140

Investment in other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

-26

-1

-17

86

-1

-14

-14

Purchases of software

-

-

-

-

-

94

14

409

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in loan to Elliott Cove, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

140

0

49

17

49

-172

106

-4

17

60

33

-25

12

35

75

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

0

0

82

34

22

0

1,379

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

1,632

621

188

888

621

1,654

837

868

152

-1,334

774

1,153

962

864

1,060

653

716

1,565

2,033

2,060

1,368

2,728

1,690

1,620

794

587

437

738

447

351

613

343

282

93

-56

412

215

Net Cash (Used) Provided by Investing Activities

-35,291

-37,405

-28,479

-582

-5,454

-14,276

-7,631

30,248

-2,695

-28,323

39,873

-8,492

27,320

-20,511

-42,434

8,149

7,297

-66,433

-8,273

20,640

-9,389

-52,643

-28,249

3,054

29,180

-27,470

-38,257

-7,467

-34,795

-

-

31,827

-5,978

-30,519

-46,062

23,795

53,002

Financing Activities:
Increase (decrease) in deposits

23,141

21,322

62,851

60,160

-70

-5,180

27,747

-55,269

2,507

-33

24,006

-12,763

-20,580

-10,713

22,678

8,721

6,175

-24,127

26,202

47,704

11,266

-12,621

62,101

-18,929

-5,966

35,494

9,297

4,019

-15,216

25,185

50,171

-6,633

-9,842

17,681

9,397

-49,054

41,088

Increase in securities sold under repurchase agreements

0

0

-864

-33,757

343

1,849

4,734

-3,323

3,272

-3,338

6,692

-7,391

4,176

-94

1,652

103

-5,474

-1,993

15,518

75

-2,023

-88

155

-110

-1,257

-1,872

2,694

6,910

-5,627

-3,585

7,358

-202

-881

-686

5,418

21

-1,279

Increase (decrease) in borrowings

27,986

-

-

-

-41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

211

147

87

435

51

118

36

88

327

12

63

167

162

104

75

-275

71

113

104

130

110

123

108

112

85

119

111

Increase (decrease) in borrowings

-

-

-

-

-

-

-30

-26

-24

-

3,073

-12

-12

-

-12

-3,365

5,607

-

-9,851

-260

-3,735

-

-11

-11

-4,330

-51

-51

-46

2,196

-38

-36

-37

-36

-36

-34

-725

35

Repurchase of common stock

6,310

0

7,166

5,198

205

494

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

1

20

10

-

-

-

-

87

46

21

17

Cash dividends paid

2,199

2,232

2,174

2,042

2,064

1,910

1,855

1,651

1,648

1,548

1,519

1,453

1,445

1,380

1,378

1,307

1,307

1,345

1,302

1,236

1,234

1,247

1,230

1,161

1,112

1,153

1,109

978

975

1,020

970

844

842

884

836

798

746

Net Cash Provided (Used) by Financing Activities

42,618

19,121

54,422

19,121

-2,037

-5,727

30,790

-60,269

4,107

-4,843

22,185

-21,766

-17,948

-12,599

22,854

4,034

4,965

-37,887

30,342

46,271

4,211

-16,733

60,869

-20,251

-12,740

32,762

10,761

9,812

-19,716

-

-

-7,811

-11,709

16,050

13,906

-50,654

39,004

Net Change in Cash and Cash Equivalents

-9,614

-

-

-

1,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-

-

-

-

-

-

34,049

-47,832

6,121

-

61,476

-55,139

30,381

4,685

-28,890

-4,519

20,602

-85,893

40,495

61,499

-25,984

-57,285

41,458

-10,958

9,750

13,496

-21,890

4,958

-52,286

-7,294

51,403

16,775

899

-37,040

-27,261

-23,985

101,783

Supplemental Information:
Income taxes paid

3

1,383

275

0

0

-

-

-

-

-

-

-

-

2

2,250

2,160

2

1,538

125

3,225

786

2,300

1,750

1,875

2

5

1,351

2,194

2

1,555

1,880

3,195

2

1,435

36

2,840

4

Interest paid

1,605

1,751

1,406

1,409

1,074

1,173

728

572

498

649

610

615

596

730

610

606

607

659

618

836

720

679

550

416

442

497

501

508

529

570

613

627

700

783

1,067

927

1,015

Noncash commitments to invest in Low Income Housing Tax Credit Partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

55

0

0

8,518

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

5,745

167

0

0

-

-

-

-

126

796

156

181

-21

0

21

1,137

0

0

204

161

0

185

0

1,499

-

-

-

-

Transfer of loans to other real estate owned

162

-

0

0

0

-

0

300

235

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

904

-

0

0

0

-

-

-

-

-

-

-

-

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

0

706

0

0

528

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

974

Loans made to facilitate sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

101

149

50

463

582

363

417