J. Chris Verenes
2023
In 2023, J. Chris Verenes earned a total compensation of $506.2K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal, a 2% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $51,608 |
|---|---|
| Salary | $410,000 |
| Other | $44,550 |
| Total | $506,158 |
Verenes received $410K in salary, accounting for 81% of the total pay in 2023.
Verenes also received $51.6K of change in pension value and nonqualified deferred compensation earnings and $44.6K in other compensation.
Rankings
In 2023, J. Chris Verenes' compensation ranked 2,026th out of 3,006 executives tracked by ExecPay. In other words, Verenes earned more than 32.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,026 out of 3,006 | 33rd |
Division Finance, Insurance, And Real Estate | 243 out of 429 | 43rd |
Major group Depository Institutions | 131 out of 256 | 49th |
Industry group Commercial Banks | 87 out of 150 | 42nd |
Industry State Commercial Banks | 73 out of 120 | 39th |
Source: SEC filing on April 8, 2024.
Verenes' colleagues
We found two more compensation records of executives who worked with J. Chris Verenes at Security Federal in 2023.