Northrim BanCorp Inc. has approved new employment agreements for several of its executive officers, effective January 1, 2026. Chairman, President, and CEO Michael G. Huston’s base salary will increase to $630,000, and instead of participating in the supplemental executive retirement or deferred compensation plans, he will receive an annual contribution equal to 20% of his base salary to the company's non-qualified deferred compensation plan. Executive Vice President and CFO Jed W. Ballard’s base salary will rise to $421,540, with an annual contribution of 10% of his base salary to the same plan, replacing his previous eligibility for the supplemental executive retirement and deferred compensation plans. Additionally, Jason Criqui, appointed as Executive Vice President and Chief Banking Officer of Northrim Bank, has entered into an employment agreement with an initial term ending December 31, 2026, which will automatically renew for one-year terms unless either party opts out.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northrim BanCorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001163370-26-000002), on January 02, 2026, and is solely responsible for the information contained therein.