Northrim BanCorp Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Mike Huston

Chief executive officer

US$695.6k

Total compensation

CEO salary percentage	51.2%
CEO tenure	no data
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	9.5yrs

Recent management updates

Recent updates

Northrim BanCorp: The Golden Moment Continues

Jan 31

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Oct 05

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings

Oct 26

Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Aug 30

Northrim BanCorp: Strong Loan Growth, Subdued Credit Costs To Lift Earnings

Jul 22

Northrim BanCorp declares $0.37 dividend

May 28

Shareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation

May 22

Northrim BanCorp EPS beats by $0.54

Apr 26

Should You Buy Northrim BanCorp, Inc. (NASDAQ:NRIM) For Its Upcoming Dividend?

Mar 05

If You Like EPS Growth Then Check Out Northrim BanCorp (NASDAQ:NRIM) Before It's Too Late

Feb 22

Northrim BanCorp expands stock repurchase program

Feb 01

How Does Northrim BanCorp, Inc. (NASDAQ:NRIM) Stand Up To These Simple Dividend Safety Checks?

Feb 01

How Much Of Northrim BanCorp, Inc. (NASDAQ:NRIM) Do Institutions Own?

Jan 05

CEO Compensation Analysis

How has Mike Huston's remuneration changed compared to Northrim BanCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD695.59K) is below average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.

CEO

Mike Huston (55 yo)

no data

Tenure

US$695,588

Compensation

Mr. Michael G. Huston, also known as Mike, serves as President, CEO & COO at Northrim BanCorp, Inc. since April 6, 2024 and serves as its Director from April 2024. He serves as President of Northrim Bank s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Huston	President	no data	US$695.59k	0.45% $ 1.2m
Jed Ballard	Executive VP & CFO	6.3yrs	US$624.42k	0.13% $ 343.4k
Amber Zins	Executive VP & COO of Northrim Bank	no data	US$549.32k	0.10% $ 276.1k
Lynn Wolfe	Executive VP & Chief Administrative Officer	no data	no data	no data
Caroline Huntley	Marketing Officer	no data	no data	no data
Kari Skinner	Senior VP & Marketing and Communications Director	no data	no data	no data
Latosha Frye	Senior VP & Corporate Accounting Manager	9.8yrs	US$392.61k	no data
Mark Edwards	Executive VP	no data	no data	no data
Jason Criqui	Executive VP & Chief Banking Officer	less than a year	no data	no data
Michael Baldwin	President & COO of Residential Mortgage	2.3yrs	US$451.51k	no data

2.3yrs

Average Tenure

44yo

Average Age

Experienced Management: NRIM's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Huston	President	no data	US$695.59k	0.45% $ 1.2m
Joseph Schierhorn	Chairman	8.3yrs	US$1.18m	1.05% $ 2.8m
Linda Thomas	Independent Director	10yrs	US$65.10k	0.068% $ 178.5k
Anthony Drabek	Independent Director	33.3yrs	US$59.25k	0.070% $ 183.7k
Larry Cash	Independent Director	29.3yrs	US$57.55k	0% $ 0
John Swalling	Independent Lead Director	22.3yrs	US$75.15k	0.24% $ 626.3k
David Karp	Independent Director	8.9yrs	US$60.95k	0.19% $ 512.6k
Aaron Schutt	Director	5.4yrs	US$56.70k	0.083% $ 218.0k
Joseph Marushack	Independent Director	3.2yrs	US$60.10k	0.041% $ 109.1k
David McCambridge	Independent Director	12.7yrs	US$67.70k	0.17% $ 458.7k
Karl M. Hanneman	Independent Director	10.1yrs	US$58.40k	0.16% $ 414.8k
Krystal Nelson	Independent Director	8.9yrs	US$63.40k	0.11% $ 293.8k

9.5yrs

Average Tenure

65yo

Average Age

Experienced Board: NRIM's board of directors are considered experienced (9.5 years average tenure).

Northrim BanCorp Management

Management criteria checks 3/4

Key information

Recent management updates

Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024

Northrim BanCorp, Inc. Announces CEO Changes

Northrim BanCorp, Inc. Names Mike Huston as President and Chief Operating Officer

Insufficient new directors

Northrim BanCorp, Inc. Announces Resignation of David G. Wight as Board of Directors

Chairman exercised options and sold US$110k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$1.49 (vs US$0.85 in 1Q 2023)

Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024

Northrim BanCorp, Inc. Announces CEO Changes

Northrim BanCorp, Inc. Names Mike Huston as President and Chief Operating Officer

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Insufficient new directors

Upcoming dividend of US$0.61 per share

Investor sentiment improves as stock rises 16%

Northrim BanCorp, Inc. Announces Resignation of David G. Wight as Board of Directors

Northrim BanCorp: The Golden Moment Continues

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Fourth quarter dividend increased to US$0.61

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Chairman exercised options and sold US$110k worth of stock

Upcoming dividend of US$0.60 per share at 4.6% yield

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 22, 2023

Chairman exercised options and sold US$69k worth of stock

Northrim BanCorp, Inc. Announces Dividend for the Third Quarter 2023

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$1.78 in 3Q 2022)

Upcoming dividend of US$0.60 per share at 5.6% yield

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.99 (vs US$0.83 in 2Q 2022)

Upcoming dividend of US$0.60 per share at 6.4% yield

Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 16, 2023

Chairman recently bought US$72k worth of stock

Independent Director recently bought US$94k worth of stock

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Northrim BanCorp, Inc. Appoints Marilyn F. Romano to Board of Directors

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Independent Director recently sold US$82k worth of stock

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 23, 2022

Price target increased to US$62.00

Insufficient new directors

Chairman exercised options and sold US$68k worth of stock

Third quarter 2022 earnings released: EPS: US$1.78 (vs US$1.43 in 3Q 2021)

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Independent Director recently bought US$51k worth of stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2022

Northrim BanCorp raises dividend by 22% to $0.50

Northrim BanCorp, Inc. Announces Net Loan Charge-Offs for the Second Quarter of 2022

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$1.34 in 2Q 2021)

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Northrim BanCorp, Inc.(NasdaqGS:NRIM) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.41 per share

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022

Independent Director recently bought US$82k worth of stock

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

First quarter 2022 earnings released: EPS: US$1.22 (vs US$1.96 in 1Q 2021)

Price target increased to US$50.00

Insufficient new directors

Northrim BanCorp, Inc., Annual General Meeting, May 26, 2022

Full year 2021 earnings: EPS misses analyst expectations

Independent Director recently bought US$108k worth of stock

Price target increased to US$50.00

Northrim BanCorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 18, 2022

Northrim BanCorp: Topline Growth To Counter Mortgage Refinancing Normalization

Full year 2021 earnings: EPS misses analyst expectations

Executive VP & CFO recently sold US$57k worth of stock

Executive VP & CFO notifies of intention to sell stock

Upcoming dividend of US$0.38 per share

Insufficient new directors

Third quarter 2021 earnings released: EPS US$1.43 (vs US$1.87 in 3Q 2020)

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings