First Mid-Illinois Bancshares reports 2018 executive compensation

CEO Joseph R. Dively receives $1.1M

First Mid-Illinois Bancshares reported fiscal year 2018 executive compensation information on March 14, 2019.

In 2018, five executives at First Mid-Illinois Bancshares received on average a compensation package of $593,377, a 30% increase compared to previous year.

Average pay of disclosed executives at First Mid-Illinois Bancshares

Joseph R. Dively, Chief Executive Officer, received $1,053,180 in total, which increased by 48% compared to 2017. 39.27% of Dively's compensation, or $413,591, was in salary. Dively also received $289,800 in non-equity incentive plan, $319,144 in stock awards, as well as $30,645 in other compensation.

Michael L. Taylor, Chief Operating Officer, received a compensation package of $537,183, which increased by 17% compared to previous year. 53.49% of the compensation package, or $287,348, was in salary.

Eric S. McRae, Executive Vice President & Chief Credit Officer, earned $508,030 in 2018, a 21% increase compared to previous year.

Bradley L. Beesley, Executive Vice President & Chief Wealth Management Officer, received $473,032 in 2018, which increases by 23% compared to 2017.

Matthew K. Smith, Chief Financial Officer, earned $395,459 in 2018, a 29% increase compared to previous year.