Northrim BanCorp Inc (NRIM) Financial Statements (2023 and Earlier)

Company Profile

Business Address P O BOX 241489
ANCHORAGE, AK 99524-1489
State of Incorp. AK
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65412510385785159
Cash and cash equivalents6461169578785159
Short-term investments8987   
Total current assets:65412510385785159
Noncurrent Assets
Operating lease, right-of-use asset111214
Property, plant and equipment37383839383940
Long-term investments and receivables2222455
Long-term investments2222455
Intangible assets, net (including goodwill)16161616161624
Goodwill15151515151522
Intangible assets, net (excluding goodwill)1111111
Amortization method qualified affordable housing project investments21242819222420
Total noncurrent assets:87939977808489
Other undisclosed assets1,9831,9041,4421,3411,3611,3921,352
TOTAL ASSETS:2,7252,1221,6441,5031,5191,5271,499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   34282831
Total current liabilities:   34282831
Noncurrent Liabilities
Liabilities, other than long-term debt410111579
Qualified affordable housing project investments, commitment410111579
Total noncurrent liabilities:410111579
Other undisclosed liabilities2,4821,8901,4261,2621,2931,3051,282
Total liabilities:2,4871,9001,4371,2971,3261,3401,322
Stockholders' equity
Stockholders' equity attributable to parent238222207206193187177
Common stock6677777
Additional paid in capital31425162626362
Accumulated other comprehensive income (loss)(3)00(1)(0)(0)(0)
Retained earnings204173150137124117108
Stockholders' equity attributable to noncontrolling interest     00
Total stockholders' equity:238222207206193187177
TOTAL LIABILITIES AND EQUITY:2,7252,1221,6441,5031,5191,5271,499

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues80716691619497
Net investment income80716362585759
Financial services revenue03435
Other income   26   
Cost of revenue (2)  (3)(2)(2)
Provision for loan, lease, and other losses (2)  
Financial services costs(3)(2)(2)
Gross profit:80696691589296
Operating expenses(23)(21)(19)(18)(59)(65)(59)
Other operating income, net
(Noninterest Income, Other Operating Income)
22     
Operating income (loss):59504773(0)2737
Interest and debt expense(4)(6)(6)(3)(2)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2)(15)(46)27(4)(7)
Income from continuing operations before equity method investments, income taxes:56422624242127
Other undisclosed loss from continuing operations before income taxes(8)      
Income from continuing operations before income taxes:48422624242127
Income tax expense(10)(10)(5)(4)(10)(6)(9)
Net income:38332120131518
Net loss attributable to noncontrolling interest    (0)(1)(1)
Net income available to common stockholders, diluted:38332120131418

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:38332120131518
Other comprehensive income (loss)1(2)1(0)00(1)
Comprehensive income:39312220141518
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)(1)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)1     
Comprehensive income, net of tax, attributable to parent:34322220131417

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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