Northrim BanCorp Management
Management criteria checks 3/4
Northrim BanCorp's CEO is Mike Huston, appointed in Apr 2024, has a tenure of 1.5 years. total yearly compensation is $1.06M, comprised of 45.7% salary and 54.3% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth $1.79M. The average tenure of the management team and the board of directors is 2.8 years and 10.4 years respectively.
Key information
Mike Huston
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 45.72% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.8yrs |
| Board average tenure | 10.4yrs |
Recent management updates
Recent updates
Northrim BanCorp: Shares Remain Attractive, In Spite Of Continued Appreciation
May 02Results: Northrim BanCorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
May 01
Northrim BanCorp: Holding After A Huge Run (Rating Downgrade)
Jan 20Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In
Oct 20Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year
Aug 29Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots
May 13Northrim BanCorp: The Golden Moment Continues
Jan 31Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's
Jan 30Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings
Oct 05Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's
Aug 29Northrim BanCorp raises dividend by 22% to $0.50
Aug 26Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings
Jul 21Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022
May 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | US$45m |
| Mar 31 2025 | n/a | n/a | US$42m |
| Dec 31 2024 | US$1m | US$483k | US$37m |
| Sep 30 2024 | n/a | n/a | US$33m |
| Jun 30 2024 | n/a | n/a | US$32m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$683k | 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$509k | 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$20m |
Compensation vs Market: Mike's total compensation ($USD1.06M) is below average for companies of similar size in the US market ($USD2.32M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
CEO
Mike Huston (57 yo)
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 | 1.5yrs | US$1.06m | 0.38% $ 1.8m | |
| Executive VP & CFO | 7.8yrs | US$696.13k | 0.088% $ 415.4k | |
| Executive VP | no data | US$516.04k | 0.098% $ 460.2k | |
| Executive VP & COO of Northrim Bank | no data | US$614.71k | 0.067% $ 316.6k | |
| Executive VP & Chief Banking Officer | 1.8yrs | US$505.96k | 0.087% $ 409.3k | |
| Executive VP & Chief Information Officer | 1.3yrs | 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 | 11.3yrs | US$392.61k | no data | |
| President & COO of Residential Mortgage | 3.8yrs | US$451.51k | no data | |
| Corporate Secretary | no data | no data | no data |
Experienced Management: NRIM's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.5yrs | US$1.06m | 0.38% $ 1.8m | |
| Chairman | 9.8yrs | US$683.13k | 1% $ 4.7m | |
| Independent Director | 11.5yrs | US$78.10k | 0.021% $ 100.1k | |
| Independent Director | 34.8yrs | US$75.10k | 0.069% $ 327.2k | |
| Independent Lead Director | 23.8yrs | US$96.50k | 0.15% $ 727.5k | |
| Independent Director | 10.4yrs | US$74.25k | 0.20% $ 953.3k | |
| Director | 6.9yrs | US$72.55k | 0.082% $ 388.2k | |
| Independent Director | 4.7yrs | US$75.10k | 0.050% $ 236.5k | |
| Independent Director | 2.8yrs | US$74.25k | 0.022% $ 105.5k | |
| Independent Director | 14.2yrs | US$83.55k | 0.18% $ 864.0k | |
| Independent Director | 11.6yrs | US$75.95k | 0.16% $ 738.9k | |
| Independent Director | 10.4yrs | US$80.95k | 0.11% $ 523.3k |
Experienced Board: NRIM's board of directors are seasoned and experienced ( 10.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 03:36 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Northrim BanCorp, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Rabatin | Hovde Group, LLC |
| Brian Martin | Janney Montgomery Scott LLC |
| Donald Worthington | Raymond James & Associates |