Northrim bancorp, inc. (NRIM)
CashFlow / TTM
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

17,412

20,691

20,959

18,685

20,254

20,004

15,370

15,707

13,618

13,478

16,959

14,641

15,406

14,990

15,522

17,770

18,207

18,334

20,911

19,277

18,797

17,867

13,642

13,209

12,351

12,412

13,113

13,853

13,534

13,458

13,534

11,942

11,971

11,827

0

0

0

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

98

23

23

23

23

0

0

-3

-3

11

11

14

26

-11

126

130

134

271

134

145

478

461

476

461

212

333

381

381

527

336

396

429

183

419

0

0

0

Depreciation and amortization of premises and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-138

-104

-60

22

48

66

111

170

155

171

165

143

0

0

0

Loss on sale of premises and equipment

-

-

-

-

-

-2

-3

-3

-55

-3

10

3

-272

-352

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

0

0

2,939

-

2,681

2,578

2,498

2,439

2,394

2,320

2,287

2,264

2,180

2,087

2,007

1,865

1,812

1,800

1,770

1,793

1,768

1,746

1,712

1,674

0

0

0

-

-

-

-

Amortization of software

1,049

1,019

994

976

854

911

1,161

996

946

675

218

183

147

157

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-179

-176

-176

-180

-181

-177

-183

-181

0

0

0

-

-

-

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of Intangible Assets

0

-

0

0

0

-

0

0

92

-

108

118

126

135

146

183

220

258

293

301

310

289

267

244

222

228

234

240

246

252

257

263

269

275

0

0

0

Amortization of investment security premium, net of discount accretion

55

15

-69

-118

-169

-199

-316

-337

-327

-332

-196

-120

-80

-27

3

75

134

202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on marketable equity securities

-494

911

300

200

-91

-625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax (benefit) expense

715

-711

-3,979

-3,905

-3,639

-3,014

-3,180

-3,272

-3,346

-4,004

-543

197

946

325

-211

-1,281

-1,024

-148

122

1,137

1,323

1,311

-18

-400

-1,000

-1,215

-586

-1,077

-1,090

-881

-341

803

293

959

0

0

0

Stock-based compensation

878

832

789

755

759

816

801

798

790

665

682

680

745

778

782

748

651

608

463

408

371

360

369

468

501

506

506

456

453

454

477

481

498

519

0

0

0

Excess tax expense from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

0

0

0

-

-

-

-

171

0

0

0

Amortization of deferred loan fees, net of costs

-637

-598

-269

-111

-192

-331

-380

207

285

278

433

-94

-142

178

-60

139

211

-61

300

-19

-651

-530

-840

-1,025

-350

-590

-459

-159

-186

-428

-418

-431

-314

168

0

0

0

Provision for Loan and Lease Losses

135

-1,175

-1,225

850

250

-500

-300

2,200

2,800

3,200

3,943

2,095

1,995

2,298

1,931

1,955

2,131

1,754

1,878

1,202

-310

-636

-1,136

-1,921

-785

-635

-935

-1,587

-1,498

-1,559

-909

1,078

1,539

1,999

0

0

0

Reserve (benefit) for purchased receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) reserve for purchased receivables

-

-

-

-

-

-

-

7

26

29

37

31

14

-10

-61

-84

-96

-138

162

426

687

704

578

337

-21

100

0

0

0

-

-

-

-

-

-

-

-

Servicing Asset at Fair Value, Additions

3,263

3,707

3,651

3,708

3,988

3,641

3,722

3,281

3,020

3,146

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-8

-6

-854

-874

-949

-972

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132,013

148,249

156,718

166,761

156,521

182,359

231,639

223,157

242,535

0

0

0

-

-

-

-

Gain on sale of loans

21,529

19,813

17,754

15,254

14,403

14,822

15,750

16,700

17,638

18,013

19,916

22,200

24,357

25,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of loans held for sale

725,556

670,986

609,606

539,693

536,302

551,607

564,688

568,786

552,740

571,909

627,860

681,528

753,043

768,169

740,943

740,831

764,634

773,526

680,110

509,429

336,546

205,636

151,825

158,340

163,887

156,925

205,749

238,457

223,969

258,652

231,308

146,873

110,280

60,662

0

0

0

Origination of loans held for sale

760,074

684,297

617,158

531,664

510,894

527,516

546,159

552,328

548,089

554,078

590,706

652,831

717,807

735,799

726,155

702,962

710,493

753,815

656,877

455,475

239,024

62,652

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate owned

101

380

250

270

319

3

135

265

330

371

425

338

276

295

418

291

375

315

297

399

337

631

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

48

46

12

110

836

889

0

0

0

Impairment on other real estate owned

-

-

-

-

-

-

-

-

-

904

340

323

353

187

188

223

93

361

371

279

324

56

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Equity in undistributed earnings from mortgage affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

172

115

-328

-156

-200

420

836

616

816

711

335

-102

191

0

0

0

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

-3

-305

11

303

242

432

657

726

761

651

456

205

127

114

198

159

96

247

-7

263

850

644

721

407

-36

111

-70

-72

-187

-280

-198

56

-27

-503

0

0

0

(Increase) decrease in other assets

-2,311

-6,395

-62

-4,940

1,394

2,512

-2,983

8,954

1,077

-841

-4,630

-12,498

-11,612

-10,015

-6,329

-578

-3,690

-6,232

-8,550

-9,315

-13,948

-6,406

-1,574

219

5,511

-403

742

913

1,019

1,762

387

-1,444

-1,132

-2,224

0

0

0

Decrease (increase) in other liabilities

4,827

2,411

4,418

-2,569

-4,877

-5,233

-5,435

578

-783

586

-3,957

-10,377

-6,494

-14,861

-16,048

-8,782

-9,954

-11,041

-11,601

-14,003

-16,651

-8,270

-5,413

-6,016

-232

-1,455

3,930

4,678

715

2,580

724

320

104

514

0

0

0

Net Cash (Used) Provided by Operating Activities

-26,648

-821

5,021

20,497

29,327

25,150

21,526

10,054

2,984

19,284

33,341

24,613

32,792

20,123

755

28,491

39,781

10,635

4,299

-5,289

6,362

20,478

16,591

13,359

9,733

18,648

0

0

0

-

-

-6,331

3,784

-5,025

0

0

0

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

160,634

132,104

103,473

77,781

88,515

88,139

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable equity securities

1,038

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

139,997

-

192,847

183,097

210,509

210,308

216,802

231,205

242,610

264,943

202,191

155,593

139,030

140,856

142,619

150,025

145,281

111,431

119,961

152,483

144,974

169,712

0

0

0

Purchases of FHLB stock

2,613

880

879

806

210

0

0

672

2,347

3,665

4,265

3,593

2,009

751

151

151

60

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

166,373

130,482

113,800

94,972

113,233

122,644

114,698

119,194

102,150

102,660

100,674

122,205

111,455

105,621

126,664

118,709

168,706

200,343

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of marketable equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales/maturities of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

75,627

116,183

141,402

131,610

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from calls/maturities of securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,065

1,630

1,523

2,755

2,300

0

0

0

Proceeds from redemption of FHLB stock

1,372

843

842

841

245

14

13

561

2,234

3,515

4,114

3,566

1,891

602

2

2

1,552

1,588

1,624

1,657

124

165

147

131

132

71

0

0

0

-

-

-

-

-

-

-

-

Decrease in purchased receivables, net

2,342

9,871

858

-7,311

1,806

-7,835

-228

494

4,953

1,769

-2,533

6,270

2,792

7,155

1,707

-536

-3,721

-2,066

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in purchased receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,829

-8,804

-2,897

-9,548

3,222

-3,221

-10,830

-1,806

8,962

8,789

13,735

0

0

0

Increase in loans, net

99,808

58,879

54,608

48,554

15,749

31,852

1,132

-14,567

15,563

-12,278

-2,296

28,580

-5,221

-1,160

24,083

-5,733

11,714

57,927

49,146

59,231

69,714

27,686

45,019

70,978

42,971

66,249

82,562

60,391

56,032

59,299

0

0

0

-

-

-

-

Loan advances, net of paydowns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of other real estate owned

251

1,299

2,059

2,331

2,536

1,522

649

1,263

2,726

3,302

3,406

2,772

1,170

934

1,555

1,239

2,833

2,733

2,545

2,774

1,419

2,402

3,144

3,588

3,716

2,623

2,337

2,429

2,145

1,994

1,477

1,330

7,335

8,425

0

0

0

Investment in other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

42

67

54

57

0

0

0

Purchases of software

-

-

-

-

-

517

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in loan to Elliott Cove, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239

206

115

-57

0

-21

-53

179

106

85

80

55

97

0

0

0

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

116

138

138

1,435

1,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

3,329

2,318

3,351

4,000

3,980

3,511

523

460

745

1,555

3,753

4,039

3,539

3,293

3,994

4,967

6,374

7,026

8,189

7,846

7,406

6,832

4,691

3,438

2,556

2,209

1,973

2,149

1,754

1,589

1,331

662

731

664

0

0

0

Net Cash (Used) Provided by Investing Activities

-101,757

-71,920

-48,791

-27,943

2,887

5,646

-8,401

39,103

363

30,378

38,190

-44,117

-27,476

-47,499

-93,421

-59,260

-46,769

-63,455

-49,665

-69,641

-87,227

-48,658

-23,485

-33,493

-44,014

-107,989

0

0

0

-

-

-50,732

-58,764

216

0

0

0

Financing Activities:
Increase (decrease) in deposits

167,474

144,263

117,761

82,657

-32,772

-30,195

-25,048

-28,789

13,717

-9,370

-20,050

-21,378

106

26,861

13,447

16,971

55,954

61,045

72,551

108,450

41,817

24,585

72,700

19,896

42,844

33,594

23,285

64,159

53,507

58,881

51,377

10,603

-31,818

19,112

0

0

0

Increase in securities sold under repurchase agreements

-34,621

-34,278

-32,429

-26,831

3,603

6,532

1,345

3,303

-765

139

3,383

-1,657

5,837

-3,813

-5,712

8,154

8,126

11,577

13,482

-1,881

-2,066

-1,300

-3,084

-545

6,475

2,105

392

5,056

-2,056

2,690

5,589

3,649

3,872

3,474

0

0

0

Increase (decrease) in borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

880

720

691

640

293

569

463

490

569

404

496

508

66

-25

-16

13

418

457

467

471

453

428

424

427

0

0

0

Increase (decrease) in borrowings

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-4,403

-4,443

-4,478

2,048

2,061

2,076

2,085

-147

-145

-143

-831

-760

0

0

0

Repurchase of common stock

18,674

12,569

13,063

5,897

699

494

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

0

0

0

-

-

-

-

171

0

0

0

Cash dividends paid

8,647

8,512

8,190

7,871

7,480

7,064

6,702

6,366

6,168

5,965

5,797

5,656

5,510

5,372

5,337

5,261

5,190

5,117

5,019

4,947

4,872

4,750

4,656

4,535

4,352

4,215

4,082

3,943

3,809

3,676

3,540

3,406

3,360

3,264

0

0

0

Net Cash Provided (Used) by Financing Activities

135,282

90,627

65,779

42,147

-37,243

-31,099

-30,215

-38,820

-317

-22,372

-30,128

-29,459

-3,659

19,254

-6,034

1,454

43,691

42,937

64,091

94,618

28,096

11,145

60,640

10,532

40,595

33,619

0

0

0

-

-

10,436

-32,407

18,306

0

0

0

Net Change in Cash and Cash Equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-

-

-

-

-

-

0

0

3,030

-

41,403

-48,963

1,657

-8,122

-98,700

-29,315

36,703

-9,883

18,725

19,688

-52,769

-17,035

53,746

-9,602

6,314

-55,722

-76,512

-3,219

8,598

61,783

32,037

-46,627

-87,387

13,497

0

0

0

Supplemental Information:
Income taxes paid

1,661

1,658

0

0

0

-

-

-

-

-

-

-

-

4,414

5,950

3,825

4,890

5,674

6,436

8,061

6,711

5,927

3,632

3,233

3,552

3,552

5,102

5,631

6,632

6,632

6,512

4,668

4,313

4,315

0

0

0

Interest paid

6,171

5,640

5,062

4,384

3,547

2,971

2,447

2,329

2,372

2,470

2,551

2,551

2,542

2,553

2,482

2,490

2,720

2,833

2,853

2,785

2,365

2,087

1,905

1,856

1,948

2,035

2,108

2,220

2,339

2,510

2,723

3,177

3,477

3,792

0

0

0

Noncash commitments to invest in Low Income Housing Tax Credit Partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

55

55

8,573

8,518

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

5,912

0

0

0

-

-

-

-

1,259

1,112

316

181

1,137

1,158

1,158

1,341

365

365

550

346

1,684

0

0

0

-

-

-

-

Transfer of loans to other real estate owned

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

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

706

1,234

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loans made to facilitate sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

763

1,244

1,458

1,825

0

0

0