<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="../4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0202</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2006-11-06</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0001163370</issuerCik>        <issuerName>NORTHRIM BANCORP INC</issuerName>        <issuerTradingSymbol>NRIM</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001364046</rptOwnerCik>            <rptOwnerName>Beedle Joseph M</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>3111 C STREET</rptOwnerStreet1>            <rptOwnerStreet2></rptOwnerStreet2>            <rptOwnerCity>ANCHORAGE</rptOwnerCity>            <rptOwnerState>AK</rptOwnerState>            <rptOwnerZipCode>99503</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>0</isDirector>            <isOfficer>1</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>0</isOther>            <officerTitle>EVP, Chief Lending Officer</officerTitle>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2006-11-06</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>P</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>300</value>                </transactionShares>                <transactionPricePerShare>                    <value>26.06</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>2737.00</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>                <natureOfOwnership>                    <value></value>                </natureOfOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <footnotes></footnotes>    <ownerSignature>        <signatureName>By: /s/ Joseph M. Beedle</signatureName>        <signatureDate>2006-11-08</signatureDate>    </ownerSignature></ownershipDocument>