Northrim Bancorp: Pay

Northrim Bancorp paid its 4 named executives $2.2M in total in FY2022 (Dec). CEO Michael G. Huston was paid $509.2K of that.

Pay$100 in the stock at the end of FY20 → $173
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Michael G. HustonChairman, President, Chief Executive Officer and Chief Operating Officer of the Company. Chairman, President, and Chief Executive Officer of the Bank(6):
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years
Jed W. BallardExecutive Vice President, Chief Financial Officer of the Company and the Bank(7):
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years

CEO pay against the pay peers

In FY2024 (Dec), the median CEO pay of the 2 peers with pay on file was $1.8M. The CEO of Northrim Bancorp was paid $1.1M, 40% below the median.

  1. 1Central Pacific Financial
  2. 2Sierra Bancorp
  3. 3Northrim Bancorp
  4. 4Bank of MarinNot disclosed
  5. 5CaliforniaNot disclosed
  6. 6Community West BancsharesNot disclosed
  7. 7F&M BankcorpNot disclosed
  8. 8FS BancorpNot disclosed
  9. 9First Northern BancorpNot disclosed
  10. 10First NorthwestNot disclosed
  11. 11Five Star BancorpNot disclosed
  12. 12Heritage CommerceNot disclosed
  13. 13Heritage FinancialNot disclosed
  14. 14HomeStreetNot disclosed
  15. 15Oak Valley BancorpNot disclosed
  16. 16Riverview BancorpNot disclosed
  17. 17Territorial BancorpNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.