NORTHRIM BANCORP INC
Close on Oct 19, 2026
- Market cap
- $525.29M
- P/E (TTM)
- 7.7
- Dividend yield
- 2.75%
About Northrim Bancorp
Savings Institution, Federally Chartered, SIC 6035
Northrim BanCorp, Inc. is a bank holding company that operates through community banking, home mortgage lending, and specialty finance segments. The institution provides commercial and consumer deposit accounts, business credit lines, real estate financing, and residential mortgage origination and servicing. It also delivers specialty finance solutions, including factoring, asset-based lending, and alternative working capital products. The company serves individual consumers, home buyers, and small to medium-sized enterprises across diverse commercial sectors.
Headquartered in Anchorage, Alaska, the company conducts banking activities through twenty branch locations across the state. Through specialized divisions and subsidiaries, it also extends factoring and commercial finance operations into Washington State, throughout the United States, and into Canada and the United Kingdom. Northrim BanCorp employs 516 full-time equivalent personnel to manage its banking and lending network.
Summary of the business section of Northrim Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- NORTHRIM BANCORP INC
- Founded
- 1990
- Headquarters
- Anchorage, AK
- Address
- P O Box 241489 99524-1489
- Employees
- 516, Dec 31, 2025
- Industry
- Savings Institution, Federally Chartered
- Incorporated in
- AK
- Fiscal year ends
- December 31
- Auditor
- Baker Tilly US, LLP, Portland, Oregon
Stock & identifiers
- Ticker
- NRIM
- Exchange
- Nasdaq
- IPO date
- Nov 15, 1990
- Shares outstanding
- 22M, Jul 31, 2026
- Public float
- $496.02M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 4-for-1, Sep 23, 2025; 4-for-1, Sep 18, 2025; 11-for-10, Nov 13, 2001; 5-for-4, Sep 24, 1993
- SEC CIK
- 1163370
- CUSIP
- 666762109
- ISIN
- US6667621097
- LEI
- 5493006X7RLLTZ3SG075
- EIN
- 92-0175752
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael G. Huston | Chairman, President & CEO, Director | 90,643 |
| Joseph M. Schierhorn | Chairman, Director | 232,771 |
| Jed W. Ballard | EVP, CFO | 27,475 |
| Jason Alexander Criqui | EVP, CBO of Northrim Bank | 27,591 |
| Mark Douglas Edwards | EVP, CCO of Northrim Bank | 23,424 |
| Nathan Timothy Reed | EVP, CIO of Northrim Bank | 265 |
| Amber Rose Zins | EVP, COO of Northrim Bank | 25,535 |
| Linda C. Thomas | Director | 6,688 |
| Anthony Drabek | Director | 14,120 |
| Karl L. Hanneman | Director | 8,648 |
| Krystal Murphy Nelson | Director | 6,125 |
| David W. Karp | Director | 11,158 |
| Aaron Michael Schutt | Director | 4,544 |
| Joseph Marushack | Director | 2,330 |
| Marilyn Romano | Director | 1,235 |
| Shauna Hegna | Director | 1,638 |
| John C. Swalling | Director | 8,515 |
| David J. McCambridge | Director | 51,710 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Huston | $1.49M | $2.21M | $716.92K | $381 | $153 |
| FY2025 Mr. Schierhorn | $1.49M | $2.21M | $716.92K | $381 | $153 |
| FY2025 Schierhorn | $0 | $0 | $716.92K | $381 | $153 |
| FY2024 Huston | $1.06M | $1.27M | $468.68K | $271 | $135 |
| FY2024 Schierhorn | $683.13K | $1.01M | $468.68K | $271 | $135 |
| FY2023 | $1.18M | $1.25M | $580.86K | $191 | $120 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“We had 516 full-time equivalent employees at December 31, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 26, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 13, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jun 6, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Dec 9, 2013 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 19, 2010 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 3, 2010 | Auditor change | Change in certifying accountant (8-K Item 4.01) |