Banking
Northrim Bancorp Executive Compensation (FY25)
NRIM · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 1, 2026
203 figures on this page: 192 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Huston: $1,055,960 → $1,491,789 (41.3% higher)
Say-on-pay support: 98.3% → 96.0% (2.3 points lower)
CEO pay ratio: 12:1 → 15:1 (25.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
What was Northrim Bancorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.0% of votes cast including abstentions in favor at the meeting held May 28, 2026.
Which companies are in Northrim Bancorp's peer group?
Companies named in the disclosed peer group include Bank of Marin, Central Pacific Financial, Community West Bancshares, F&M Bankcorp and First Northern Bancorp, among others.
What is Northrim Bancorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 15:1 for fiscal 2025, against median employee compensation of $93,065.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Schierhorn Chairman of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Michael Huston President, Chief Executive Officer and Chief Operating Officer of the Company. President and Chief Executive Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jed Ballard Executive Vice President, Chief Financial Officer of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Amber Zins Executive Vice President, Chief Operating Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Benjamin Craig Executive Vice President, Chief Information Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Huston President, Chief Executive Officer and Chief Operating Officer of the Company. President and Chief Executive Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jed Ballard Executive Vice President, Chief Financial Officer of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Joseph Schierhorn Chairman of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Amber Zins Executive Vice President, Chief Operating Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Mark Edwards Executive Vice President, Chief Credit Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jason Criqui Executive Vice President, Chief Banking Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Huston Chairman, President, Chief Executive Officer and Chief Operating Officer of the Company. Chairman, President, and Chief Executive Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jed Ballard Executive Vice President, Chief Financial Officer of the Company and the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Amber Zins Executive Vice President, Chief Operating Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jason Criqui Executive Vice President, Chief Banking Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇† |
Mark Edwards Executive Vice President, Chief Credit Officer of the Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Amber Zins | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jason Criqui | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jed W. Ballard | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mark Edwards | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Michael G. Huston | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Jed Ballard | RSU | ◇ | ◇ | — | — |
| Amber Zins | RSU | ◇ | ◇ | — | — |
| Michael Huston | RSU | ◇ | ◇ | — | — |
| Mark Edwards | RSU | ◇ | ◇ | — | — |
| Jason Criqui | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
John C. Swalling Lead independent director | ◇ | — | — | — | — | — | ◇ |
Shauna Z. Hegna | — | — | — | — | — | — | ◇ |
David J. McCambridge | ◇ | — | — | — | — | — | ◇ |
Krystal M. Nelson | ◇ | — | — | — | — | — | ◇ |
Linda C. Thomas | ◇ | — | — | — | — | — | ◇ |
Karl L. Hanneman | ◇ | — | — | — | — | — | ◇ |
Joseph P. Marushack | ◇ | — | — | — | — | — | ◇ |
Anthony J. Drabek | ◇ | — | — | — | — | — | ◇ |
Marilyn F. Romano | ◇ | — | — | — | — | — | ◇ |
David W. Karp | ◇ | — | — | — | — | — | ◇ |
Aaron M. Schutt | ◇ | — | — | — | — | — | ◇ |
Michael G. Huston and Joseph M. Schierhorn served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Bank of Marin BMRC
- Central Pacific Financial CPF
- Community West Bancshares CWBC
- F&M Bankcorp FMBM
- First Northern Bancorp FNRN
- First Northwest FNWB
- Five Star Bancorp FSBC
- FS Bancorp FSBW
- Heritage Commerce HTBK
- Heritage Financial HFWA
- HomeStreet symbol not shown
- Oak Valley Bancorp OVLY
- Riverview Bancorp RVSB
- Sierra Bancorp BSRR
- Territorial Bancorp TBNK
- Timberland Bancorp TSBK
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 28, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 23, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 25, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 26, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 27, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 28, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 23, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 24, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 25, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 26, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Northrim Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Northrim Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
203 figures on this page: 192 cited to the filing that reported them, 11 calculated from figures it prints.
192 cited to the filing
11 calculated from the filing
Documents cited
- 0001163370-26-000023Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-26-000012Chief Executive Officer pay ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
- 0001163370-25-000021Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-25-000009SUMMARY COMPENSATION TABLE · Summary Compensation Table
- 0001163370-24-000028Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-24-000014Summary Compensation Table
- 0001163370-23-000036Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-22-000022Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-21-000021Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-20-000024Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-19-000021Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-18-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-17-000020Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001163370-16-000071Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Northrim Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/NRIM (accessed 2026).
Short form: data: Velarion
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Peers Northrim Bancorp discloses
The companies named in NRIM's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}