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United States

Northrim BanCorp Inc (NRIM.OQ)

NRIM.OQ on NASDAQ Stock Exchange Global Select Market

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14 Dec 2018
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Summary

Name Age Since Current Position

Joseph Schierhorn

59 2017 President, Chief Executive Officer, Chief Operating Officer

Jed Ballard

39 2018 Chief Financial Officer, Executive Vice President

Benjamin Craig

2016 Executive Vice President, Chief Information Officer

Mike Martin

2015 Executive Vice President, General Counsel, Corporate Secretary

Latosha Frye

36 2018 Senior Vice President - Corporate Accounting Manager

Aaron Schutt

2018 Director

Larry Cash

63 1995 Independent Director

Mark Copeland

72 1990 Independent Director

Anthony Drabek

67 1991 Independent Director

Karl Hanneman

59 2014 Independent Director

David McCambridge

59 2011 Independent Director

John Swalling

65 2002 Independent Director

Linda Thomas

61 2014 Independent Director

David Wight

74 2006 Independent Director

Biographies

Name Description

Joseph Schierhorn

Mr. Joseph M. Schierhorn serves as President, Chief Executive Officer, Chief Operating Officer of the company and as President and Chief Executive Officer of Northrim Bank (the “Bank”). He previously served as Assistant Vice President, Commercial Loan Officer, with Key Bank Alaska from 1988 until 1990. He joined Northrim Bank in 1990 as Vice President and Commercial Loan Officer, was appointed Senior Vice President, Commercial Loan and Compliance Manager in 2000 and in 2001 was named an executive officer as Senior Vice President, Chief Financial Officer and Compliance Manager of the Company and the Bank. He was named Executive Vice President, Chief Financial Officer in 2005 and Corporate Secretary in 2013. Mr. Schierhorn earned his Juris Doctorate and Masters in Management in 1985 and is a certified public accountant and member of the Alaska Bar Association.

Jed Ballard

Mr. Jed Ballard is appointed as Chief Financial Officer, Executive Vice President of the company effective January 1, 2018. He is a Certified Public Accountant and has worked for KPMG for sixteen years in Alaska and Slovakia. He is currently a Senior Manager in KPMG’s Anchorage office, a position he has held since October of 2012. Mr. Ballard has extensive experience in financial reporting in a wide range of industries, particularly those that make up the backbone of the Alaska economy including real estate, petroleum and natural resource contractors, construction, mining, fisheries, industrial manufacturing, hospitality and tourism. Ballard also has been on the accounting team for multiple acquisitions; including the due diligence process, application of accounting standards, and business valuations. Mr. Ballard is a 2001 graduate of the University of Alaska Fairbanks with a degree in Business Administration and a major in Accounting.

Benjamin Craig

Mike Martin

Latosha Frye

Ms. Latosha M. Frye re designated as Senior Vice President - Corporate Accounting Manager of the company. She is no longer Chief Financial Officer, Executive Vice President of the Northrim Bancorp, Inc and Bank effective January 1, 2018. She joined the Company in August 2006 as Assistant Vice President, Lead Accountant for Financial Reporting. She was promoted to Assistant Controller in 2008, and in May 2009 was promoted to Vice President. In May 2009, Ms. Frye was promoted to Vice President, Controller of Financial Reporting. In May 2014, Ms. Frye was promoted to Senior Vice President, Chief Financial Officer of the Company and the Bank. In March of 2015, Ms. Frye was promoted to Executive Vice President, Chief Financial Officer of the Company and the Bank. Ms. Frye earned her Masters of Accountancy and Bachelors of Science in Accounting from the University of Montana and is a graduate of the American Bankers' Association Stonier Graduate School of Banking. In 2013, Ms. Frye earned the Wharton Leadership Certificate from The Wharton School at the University of Pennsylvania. She is a Certified Public Accountant licensed in the State of Alaska.

Aaron Schutt

Mr. Aaron M. Schutt is Director of the Company. Schutt is currently President and CEO of Doyon, Limited, an Alaskan Native Regional Corporation and one of the state's largest land owners. He oversees all business operations of the more than a dozen companies in a variety of industries, including oil and gas services, tourism, utilities, and government contracting. Prior to being named President and CEO in 2011, Schutt served as senior vice president and chief operating officer. During his tenure from 2006 to the present, Doyon has more than tripled annual revenues to $300 million from $96 million, expanded shareholder equity while paying growing dividends, and successfully completed four acquisitions. After graduation from Stanford Law School, Schutt clerked for Alaska Supreme Court Justice Alexander Bryner. He holds a Master of Science degree in civil engineering from Stanford University, and graduated with honors as an S. Town Stephenson scholar from Washington State University with a Bachelor of Science degree in civil engineering.

Larry Cash

Mr. Larry S. Cash is Independent Director of Northrim BanCorp Inc. He President and CEO, RIM Architects, LLC (Alaska, California, Guam and Hawaii) since 1986.

Mark Copeland

Mr. Mark G. Copeland is Independent Director of Northrim BanCorp Inc. He Since June 1999, owner and sole member of Strategic Analysis LLC, a management consulting firm; Member, Copeland, Landye, Bennett and Wolf, LLP (law firm) for 30 years prior to that time.

Anthony Drabek

Mr. Anthony Drabek is an Independent Director of Northrim BanCorp Inc. He President and CEO, Natives of Kodiak, Inc. (Alaska Native Corporation) from 1989 until retirement in 2010; Chairman and President, Koncor Forest Products Co. from 1986 – 2011.

Karl Hanneman

Mr. Karl L. Hanneman is Independent Director of Northrim BanCorp Inc. Mr.Hanneman is General Manager of International Tower Hill Mines, Ltd., an advanced exploration stage mining company; Director of Corporate Affairs from 2008-2010 for Teck Resources, Ltd., a mining and mineral development company; Director, Alaska Resource Education since 1990; Director, Alaska Mining Hall of Fame since 1997; Director, Resource Development Council since 1998; Director, Fairbanks Chamber of Commerce since 2010; Director, Usibelli Coal Mine, Inc. since 2011.

David McCambridge

Mr. David J. McCambridge is Independent Director of Northrim BanCorp, Inc. He is Audit Partner, KPMG LLP, from 1991 until retirement in 2010; Director, The Tanaka Foundation since 1985; Director, Alaska Kidney Foundation since 1999.

John Swalling

Mr. John C. Swalling is an Independent Director of Northrim BanCorp Inc. He is President and Director, Swalling & Associates PC (accounting firm) since 1991; Director, Swalling Construction Co., Inc. since 1975.

Linda Thomas

Ms. Linda C. Thomas is Independent Director of Northrim BanCorp Inc. Ms. Thomas is Vice President, Chief Operations Officer of the Alaskan Brewing Company; Director, Juneau Chamber of Commerce from 2002-2008 and 2013-current; Director, Alaska Pacific Bancshares, Inc. 2010-2014; Director, Bartlett Regional Hospital since 2007.

David Wight

Mr. David G. Wight is Independent Director of Northrim BanCorp Inc. He is President, BP Amoco Energy Co. Trinidad and Tobago from 1992-2000; President and CEO Alyeska Pipeline Service Company from 2000 until retirement in 2005; Director, Storm Cat Energy (Denver based company) from 2006-2011.