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Northrim Bancorp Executive Compensation (FY25)

NRIM · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
May 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): June 1, 2026
16 filings cited on this page
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Northrim Bancorp brief$1,500Get the executive brief
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260 figures on this page: 249 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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Schierhorn
Chairman, President, Chief Executive Officer, and Chief Operating Officer of the Company and Chairman and Chief Executive Officer of the Bank:
◇———◇◇◇◇
Michael Huston
President & CEO
◇———◇◇◇◇
Jed Ballard
Executive Vice President, Chief Financial Officer of the Company and the Bank:
◇———◇◇◇◇
Michael Baldwin
President, Chief Operating Officer of Residential Mortgage, LLC :
◇◇————◇◇
Benjamin Craig
Executive Vice President, Chief Information Officer of the Bank:
◇———◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amber ZinsPSU◇◇◇◇◇—◇
Jason CriquiPSU◇◇◇◇◇—◇
Jed W. BallardPSU◇◇◇◇◇—◇
Mark EdwardsPSU◇◇◇◇◇—◇
Michael G. HustonPSU◇◇◇◇◇—◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jed BallardRSU◇◇——
Amber ZinsRSU◇◇——
Michael HustonRSU◇◇——
Mark EdwardsRSU◇◇——
Jason CriquiRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Amber Zins
Executive Vice President, Chief Operating Officer of the Bank · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Jason Criqui
Executive Vice President, Chief Banking Officer of the Bank · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Jed Ballard
Executive Vice President, Chief Financial Officer of the Company and the Bank · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Mark Edwards
Executive Vice President, Chief Credit Officer of the Bank · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Michael Huston
Chairman, President, Chief Executive Officer and Chief Operating Officer of the Company. Chairman, President, and Chief Executive Officer of the Bank · Employment agreement
Severance multiple◇
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anthony J. Drabek
◇—————◇
David W. Karp
◇—————◇
Marilyn F. Romano
◇——————
Linda C. Thomas
◇——————
Karl L. Hanneman
◇——————
Krystal M. Nelson
◇——————
David J. McCambridge
◇——————
Shauna Z. Hegna
◇——————
John C. Swalling
Lead independent director
◇——————
Aaron M. Schutt
◇——————
Joseph P. Marushack
◇——————
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.
Board cash retainer◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 28, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Michael Huston (Chairman, President, Chief Executive Officer and Chief Operating Officer of the Company. Chairman, President, and Chief Executive Officer of the Bank), FY2025 total compensation $1,491,789 (base salary $572,039) [exec_comp, SEC accession 0001163370-26-000012, filed 2026-04-14]

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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.
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Written 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.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
260 figures on this page: 249 cited to the filing that reported them, 11 calculated from figures it prints.
249 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001163370-26-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001163370-26-000012
    Chief Executive Officer pay ratio · Director Compensation · Outstanding Equity Awards at Fiscal Year-End · Potential Payments Upon Termination · and 1 more section
  3. 0001163370-25-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001163370-25-000009
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0001163370-24-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001163370-24-000014
    Summary Compensation Table
  7. 0001163370-23-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001163370-23-000022
  9. 0001163370-22-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001163370-21-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001163370-20-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001163370-19-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001163370-18-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001163370-17-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001163370-16-000071
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001163370-26-000002
    EX-10.2 · EX-10.3 · EX-10.4 · EX-10.5
Cite this data
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Velarion, “Northrim Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NRIM (accessed 2026).
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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16 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Northrim Bancorp discloses

The companies named in NRIM's own disclosed peer group.

Bank of MarinCentral Pacific FinancialCommunity West BancsharesF&M BankcorpFirst Northern BancorpFirst NorthwestFive Star BancorpFS BancorpHeritage CommerceHeritage FinancialOak Valley BancorpRiverview BancorpSierra BancorpTerritorial BancorpTimberland Bancorp

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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