Northrim BanCorp Management
Management criteria checks 2/4
Northrim BanCorp's CEO is Mike Huston, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is $695.59K, comprised of 51.2% salary and 48.8% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth €1.50M. The average tenure of the management team and the board of directors is 1.8 years and 9.4 years respectively.
Key information
Mike Huston
Chief executive officer
US$695.6k
Total compensation
| CEO salary percentage | 51.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | 1.8yrs |
| Board average tenure | 9.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$32m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$696k | US$356k | US$25m |
| Sep 30 2023 | n/a | n/a | US$27m |
| Jun 30 2023 | n/a | n/a | US$29m |
| Mar 31 2023 | n/a | n/a | US$28m |
| Dec 31 2022 | US$516k | US$323k | US$31m |
| Sep 30 2022 | n/a | n/a | US$30m |
| Jun 30 2022 | n/a | n/a | US$29m |
| Mar 31 2022 | n/a | n/a | US$33m |
| Dec 31 2021 | US$521k | US$293k | US$38m |
| Sep 30 2021 | n/a | n/a | US$40m |
| Jun 30 2021 | n/a | n/a | US$42m |
| Mar 31 2021 | n/a | n/a | US$44m |
| Dec 31 2020 | US$505k | US$281k | US$33m |
| Sep 30 2020 | n/a | n/a | US$27m |
| Jun 30 2020 | n/a | n/a | US$23m |
| Mar 31 2020 | n/a | n/a | US$17m |
| Dec 31 2019 | US$444k | US$260k | US$21m |
| Sep 30 2019 | n/a | n/a | US$21m |
| Jun 30 2019 | n/a | n/a | US$19m |
| Mar 31 2019 | n/a | n/a | US$20m |
| Dec 31 2018 | US$383k | US$249k | US$20m |
| Sep 30 2018 | n/a | n/a | US$15m |
| Jun 30 2018 | n/a | n/a | US$16m |
| Mar 31 2018 | n/a | n/a | US$13m |
| Dec 31 2017 | US$365k | US$145k | US$13m |
Compensation vs Market: Mike's total compensation ($USD695.59K) is below average for companies of similar size in the German market ($USD1.29M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
CEO
Mike Huston (56 yo)
less than a year
Tenure
US$695,588
Compensation
Mr. Michael G. Huston, also known as Mike, serves as President and CEO at Northrim BanCorp, Inc. since April 6, 2024 and serves as its Director from April 2024 and serves as its COO since May 2024. He serv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$695.59k | 0.45% $ 1.5m | |
| Executive VP & CFO | 6.8yrs | US$624.42k | 0.13% $ 438.3k | |
| Executive VP & COO of Northrim Bank | no data | US$549.32k | 0.10% $ 352.3k | |
| Executive VP & Chief Information Officer | less than a year | no data | no data | |
| Executive VP & Chief Administrative Officer | no data | no data | no data | |
| Marketing Officer | no data | no data | no data | |
| Senior VP & Marketing and Communications Director | no data | no data | no data | |
| Senior VP & Corporate Accounting Manager | 10.3yrs | US$392.61k | no data | |
| Executive VP | no data | no data | no data | |
| Executive VP & Chief Banking Officer | less than a year | no data | no data | |
| President & COO of Residential Mortgage | 2.8yrs | US$451.51k | no data |
1.8yrs
Average Tenure
45yo
Average Age
Experienced Management: NRI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$695.59k | 0.45% $ 1.5m | |
| Chairman | 8.8yrs | US$1.18m | 1.05% $ 3.5m | |
| Independent Director | 10.5yrs | US$65.10k | 0.068% $ 227.9k | |
| Independent Director | 33.8yrs | US$59.25k | 0.070% $ 234.5k | |
| Independent Lead Director | 22.8yrs | US$75.15k | 0.24% $ 799.3k | |
| Independent Director | 9.4yrs | US$60.95k | 0.19% $ 654.2k | |
| Director | 5.9yrs | US$56.70k | 0.083% $ 278.2k | |
| Independent Director | 3.7yrs | US$60.10k | 0.050% $ 169.4k | |
| Independent Director | 1.8yrs | US$57.55k | 0.019% $ 63.4k | |
| Independent Director | 13.2yrs | US$67.70k | 0.18% $ 619.0k | |
| Independent Director | 10.6yrs | US$58.40k | 0.16% $ 529.4k | |
| Independent Director | 9.4yrs | US$63.40k | 0.11% $ 374.9k |
9.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: NRI's board of directors are considered experienced (9.4 years average tenure).