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People: Northrim BanCorp Inc (NRIM.OQ)

NRIM.OQ on NASDAQ Stock Exchange Global Select Market

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Schierhorn, Joseph 

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.

Basic Compensation

Total Annual Compensation, USD 259,813
Restricted Stock Awards, USD 33,363
Long-Term Incentive Plans, USD --
All Other, USD 183,024
Fiscal Year Total, USD 476,200

Options Compensation

  Quantity Market Value
Exercisable 27,129 343,673.00
Unexercisable 7,389 24,254.00
Exercised 3,049 9,421.00