Big Earners, Smaller Banks
April 30, 2013 8:41 AM
Median pay for CEOs at banks with less than $20 billion of assets was about one-tenth of the median for bosses at banks with more than $100 billion of assets in American Banker's 2013 compensation survey. Growth in pay from 2011 was about even between the two groups, however. Here are some of the most richly rewarded chiefs among the smaller banks. Ratings of pay practices, on a scale from A to F, are provided by GMI Ratings, which analyzes corporate governance practices. Figures are for 2012; GMI assessments are as of April 29.
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(Image: Thinkstock)
William Cooper, TCF Financial
Base salary: $1.5M
Total comp.: $6.3M
Change from 2011: -30%
Change, 2010 to 2011: 310%
ROAA: -1.1%
Total return: 20%
GMI pay rating: D: High CEO pay relative to peers
Total comp.: $6.3M
Change from 2011: -30%
Change, 2010 to 2011: 310%
ROAA: -1.1%
Total return: 20%
GMI pay rating: D: High CEO pay relative to peers
William Reuter, Susquehanna Bancshares
Base salary: ##PHOTO_DESCRIPTION##.9M
Total comp.: $4.5M
Change from 2011: 171%
Change, 2010 to 2011: 13%
ROAA: 0.9%
Total return: 28%
GMI pay rating: C: Pay policy disclosure has improved and the company has moved to align compensation and performance
Total comp.: $4.5M
Change from 2011: 171%
Change, 2010 to 2011: 13%
ROAA: 0.9%
Total return: 28%
GMI pay rating: C: Pay policy disclosure has improved and the company has moved to align compensation and performance
Peter Ho, Bank of Hawaii
Base salary: ##PHOTO_DESCRIPTION##.7M
Total comp.: $4M
Change from 2011: 93%
Change, 2010 to 2011: -26%
ROAA: 1.2%
Total return: 3%
GMI pay rating: C: Fully independent compensation committee that conducts an annual self-evaluation of its effectiveness
Total comp.: $4M
Change from 2011: 93%
Change, 2010 to 2011: -26%
ROAA: 1.2%
Total return: 3%
GMI pay rating: C: Fully independent compensation committee that conducts an annual self-evaluation of its effectiveness
Scott Smith*, Fulton Financial
Base salary: ##PHOTO_DESCRIPTION##.9M
Total comp.: $3.8M
Change from 2011: 64%
Change, 2010 to 2011: 54%
ROAA: 1.0%
Total return: 1%
GMI pay rating: D: High CEO pay relative to peers
*Retired as chief executive in January
Total comp.: $3.8M
Change from 2011: 64%
Change, 2010 to 2011: 54%
ROAA: 1.0%
Total return: 1%
GMI pay rating: D: High CEO pay relative to peers
*Retired as chief executive in January
Martin Dietrich, NBT Bancorp
Base salary: ##PHOTO_DESCRIPTION##.6M
Total comp.: $3.5M
Change from 2011: -22%
Change, 2010 to 2011: 51%
ROAA: 0.9%
Total return: -5%
GMI pay rating: D: High CEO pay relative to peers
Total comp.: $3.5M
Change from 2011: -22%
Change, 2010 to 2011: 51%
ROAA: 0.9%
Total return: -5%
GMI pay rating: D: High CEO pay relative to peers
Marc Stefanski, TFS Financial
Base salary: $1.1M
Total comp.: $3.5M
Change from 2011: 85%
Change, 2010 to 2011: -42%
ROAA: 0.1%
Total return: 7%
GMI pay rating: D: High CEO pay relative to peers
Total comp.: $3.5M
Change from 2011: 85%
Change, 2010 to 2011: -42%
ROAA: 0.1%
Total return: 7%
GMI pay rating: D: High CEO pay relative to peers
George Gleason, Bank of the Ozarks
Base salary: $1.2M
Total comp.: $3.5M
Change from 2011: 32%
Change, 2010 to 2011: 20%
ROAA: 2.0%
Total return: 15%
GMI pay rating: D: High CEO pay relative to peers
Total comp.: $3.5M
Change from 2011: 32%
Change, 2010 to 2011: 20%
ROAA: 2.0%
Total return: 15%
GMI pay rating: D: High CEO pay relative to peers
Raymond Davis, Umpqua Holdings
Base salary: ##PHOTO_DESCRIPTION##.8M
Total comp.: $3.3M
Change from 2011: -5%
Change, 2010 to 2011: -8%
ROAA: 0.9%
Total return: -2%
GMI pay rating: F: A poor say-on-pay vote in 2011 weighs heavily on Umpqua's rating
Total comp.: $3.3M
Change from 2011: -5%
Change, 2010 to 2011: -8%
ROAA: 0.9%
Total return: -2%
GMI pay rating: F: A poor say-on-pay vote in 2011 weighs heavily on Umpqua's rating
