In a notable insider transaction, Northrim Bancorp Inc. Chief Financial Officer Jed Ballard has sold company stock valued at $90,479, according to recent regulatory filings.

The divestment represents a portfolio adjustment by Ballard in the Alaska-based regional lender. Market observers routinely track such executive transactions for subtle insights into leadership sentiment and institutional health.

Northrim Bancorp has not issued a formal statement regarding the transaction, and the company's shares maintained steady trading volume following the announcement.