45 unchanged sentences
Notes to Consolidated Financial Statements
+Added: 2 .1 Membership Interest Purchase Agreement dated October 31, 2024 by and among Northrim Bank, Sallyport Commercial Finance, LLC, and the sellers identified therein.
+Added: (Schedules and exhibits have been omitted pursuant to 601(a)(5) of Regulation S-K.
+Added: The Company agrees to furnish a copy of any omitted schedule or exhibit to the SEC upon request).
3.1 Amended and Restated Articles of Incorporation (Incorporated by reference to Exhibit 3.1 of the Company's Form 8-A filed with the SEC on January 14, 2002.)
12 unchanged sentences
10.03 Northrim Bancorp, Inc.
−Removed: Profit Sharing Plan .
+Added: Profit Sharing Plan (Incorporated by reference to Exhibi t 10.03 of the Company's Form 10-K for the year ended December 31, 2023, filed with the SEC on March 8, 2024) .
10.04 Employment Agreement with Joseph M.
−Removed: Schierhorn dated January 1, 202 4 (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed on January 2 , 202 4 .)
+Added: Schierhorn dated January 1, 202 5 (Incorporated by reference to Exhibit 10.
+Added: 3 to the Company's Current Report on Form 8-K, filed on January 2, 202 5 .)
10.05 Employment Agreement with Jed Ballard dated January 1, 202 5 (Incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K, filed on January 2, 202 5 .)
−Removed: 10.06 Employment Agreement with Michael Huston dated January 1, 202 4 (Incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K, filed on January 2 , 202 4 .)
−Removed: 10.07 Employment Agreement with Benjamin Craig dated January 1, 202 4 (Incorporated by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K, filed on January 2 , 202 4 .)
+Added: 10.06 Employment Agreement with Michael Huston dated January 1, 202 5 (Incorporated by reference to Exhibit 10.
+Added: 1 to the Company's Current Report on Form 8-K, filed on January 2, 202 5 .)
+Added: 10.07 Employment Agreement with Mark Edwards dated January 1, 202 5 (Incorporated by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K, filed on January 2, 202 5 .)
10.08 Employment Agreement with Amber Zins dated January 1, 202 5 (Incorporated by reference to Exhibit 10.5 to the Company's Current Report on Form 8-K, filed on January 2, 202 5 .)
−Removed: 10.09 Supplemental Executive Retirement Plan originally effective as of July 1, 1994, amended effective as of January 6, 2000, January 8, 2004, January 1, 2005 , January 1, 2015 and November 30, 2023 .
+Added: 10.09 Supplemental Executive Retirement Plan originally effective as of July 1, 1994, amended effective as of January 6, 2000, January 8, 2004, January 1, 2005, January 1, 2015 and November 30, 2023 (Incorporated by reference to Exhibit 10.09 of the Company's Form 10-K for the year ended December 31, 2023, filed with the SEC on March 8, 2024) .
10.10 Supplemental Executive Retirement Deferred Compensation Plan originally effective as of February 1, 2002, amended effective as of January 1, 2005 and January 1, 2015 (Incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed with the SEC on September 2, 2015).
5 unchanged sentences
2023 Deferred Compensation Plan (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on December 4, 2023.)
+Added: 14 Code of Ethics (Registrant elects to satisfy Regulation S-K §229.406(c) by posting its Code of Business Conduct and Ethics on its website at https://www.northrim.com/Portals/NorthrimBank/PDFs/Code.of.Conduct.pdf) .
+Added: 1 9 Insider Trading Policy .
21.1 Subsidiaries
9 unchanged sentences
§ 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: 97 Nort h rim BanCorp, Inc.
−Removed: Compensation Recovery Policy, Effect i ve December 1, 2023.
+Added: 97 Northrim BanCorp, Inc.
+Added: Compensation Recovery Policy, Effective December 1, 2023 ( Incorporated by reference to Exhibit 97 of the Company's Form 10-K for the year ended December 31, 2023, filed with th e SEC on March 8, 2024) .
101.INS Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
40 unchanged sentences
Northrim BanCorp, Inc.
−Removed: By /s/ Joseph M.
−Removed: Chairman, President and Chief Executive Officer
+Added: By /s/ Michael G.
+Added: President and Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated, on March 10, 2025.
Principal Executive Officer:
−Removed: By /s/ Joseph M.
−Removed: Chairman, President and Chief Executive Officer
+Added: By /s/ Michael G.
+Added: President and Chief Executive Officer
Principal Financial Officer and Principal Accounting Officer:
1 unchanged sentence
Executive Vice President, Chief Financial Officer
−Removed: Ballard or Joseph M.
−Removed: Schierhorn, pursuant to the power of attorneys filed with this Annual Report on Form 10-K as Exhibit 24.1, has signed this report on March 8, 2024, as attorney-in-fact for the following directors who constitute a majority of the Board of Directors.
+Added: Ballard or Michael G.
+Added: Huston, pursuant to the power of attorneys filed with this Annual Report on Form 10-K as Exhibit 24.1, has signed this report on March 10, 2025, as attorney-in-fact for the following directors who constitute a majority of the Board of Directors.
Marushack Linda C.
9 unchanged sentences
Transfer Agent and Registrar
−Removed: American Stock Transfer & Trust Company:
−Removed: 1-800-937-5449 info@amstock.com
+Added: Equiniti Trust Company:
+Added: 1-800-937-5449 help@equiniti.com
Legal Counsel
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.