FARMERS & MERCHANTS BANCORP CEO Kent Steinwert's 2021 pay rises 9% to $5.1M
FARMERS & MERCHANTS BANCORP reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
FARMERS & MERCHANTS BANCORP reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, eight executives at FARMERS & MERCHANTS BANCORP received on average a compensation package of $1.8M, which is about the same as previous year.
Average pay of disclosed executives at FARMERS & MERCHANTS BANCORP
Kent A. Steinwert, Chief Executive Officer, received $5.1M in total, which increased by 9% compared to 2020.
For fiscal year 2021, the median employee pay was $69,777 at FARMERS & MERCHANTS BANCORP. Therefore, the ratio of Kent A. Steinwert's pay to the median employee pay was 73 to one.
Stephen W. Haley, Chief Financial Officer, received a compensation package of $1.9M, which increased by 11% compared to previous year. 57% of the compensation package, or $1.1M, was in other compensation.
Deborah E. Skinner, Executive Vice President Chief Admin Officer, earned $1.7M in 2021, a 10% increase compared to previous year.
Kenneth W. Smith, Former Executive Vice President Chief Credit Officer, received $1.6M in 2021, which increases by 12% compared to 2020.
Jay J. Colombini, Executive Vice President Chief Credit Officer, earned $1.6M in 2021, a 34% increase compared to previous year.
Ryan J. Misasi, Executive Vice President Retail Banking Division Manager, received $1.2M in 2021, which increases by 18% compared to 2020.
David M. Zitterow, Executive Vice President Director of Banking, earned $1M in 2021, a 14% increase compared to previous year.
Mark K. Olson, Chief Financial Officer, received $109K in 2021.
Related executives
Kent Steinwert
FARMERS & MERCHANTS BANCORP
Chief Executive Officer
Stephen Haley
FARMERS & MERCHANTS BANCORP
Chief Financial Officer
Kenneth Smith
FARMERS & MERCHANTS BANCORP
Former Executive Vice President Chief Credit Officer
Deborah Skinner
FARMERS & MERCHANTS BANCORP
Executive Vice President Chief Admin Officer
Jay Colombini
FARMERS & MERCHANTS BANCORP
Executive Vice President Chief Credit Officer
Ryan Misasi
FARMERS & MERCHANTS BANCORP
Executive Vice President Retail Banking Division Manager
David Zitterow
FARMERS & MERCHANTS BANCORP
Executive Vice President Director of Banking
Mark Olson
FARMERS & MERCHANTS BANCORP
Chief Financial Officer
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Source: SEC filing on March 29, 2022.