Northrim Bancorp CEO R Langland's 2009 pay slips 9% to $571K
Northrim Bancorp reports 2009 executive compensation
By ExecPay News
Published: March 15, 2010
Northrim Bancorp reported fiscal year 2009 executive compensation information on March 15, 2010.
In 2009, five executives at Northrim Bancorp received on average a compensation package of $454K, a 7% increase compared to previous year.
Average pay of disclosed executives at Northrim Bancorp
R. Marc Langland, Chief Executive Officer, received $571K in total, which decreased by 9% compared to 2008. 57% of Langland's compensation, or $324K, was in salary. Langland also received $147 of change in pension value and nonqualified deferred compensation earnings, $29K in option awards, $34K in stock awards, as well as $183K in other compensation.
Joseph M. Beedle, Executive Vice President of the Company President of the Bank, received a compensation package of $489K, which increased by 16% compared to previous year. 47% of the compensation package, or $230K, was in salary.
Joseph M. Schierhorn, Chief Financial Officer, earned $437K in 2009, a 19% increase compared to previous year.
Christopher N. Knudson, Chief Operating Officer, received $427K in 2009, which increases by 6% compared to 2008.
Steven L. Hartung, Executive Vice President, Chief Credit Officer, earned $346K in 2009, a 13% increase compared to previous year.
Related executives
R Langland
Northrim Bancorp
Chief Executive Officer
Joseph Schierhorn
Northrim Bancorp
Chief Financial Officer
Christopher Knudson
Northrim Bancorp
Chief Operating Officer
Joseph Beedle
Northrim Bancorp
Executive Vice President of the Company President of the Bank
Steven Hartung
Northrim Bancorp
Executive Vice President, Chief Credit Officer
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Source: SEC filing on March 15, 2010.