MidWest One Financial Group CEO Charles Funk's 2018 pay jumps 21% to $773.6K

MidWest One Financial Group reports 2018 executive compensation

Published: March 8, 2019

MidWest One Financial Group reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, six executives at MidWest One Financial Group received on average a compensation package of $492.2K, a 10% increase compared to previous year.

Average pay of disclosed executives at MidWest One Financial Group

Charles N. Funk, Chief Executive Officer, received $773.6K in total, which increased by 21% compared to 2017. 56.49% of Funk's compensation, or $437K, was in salary. Funk also received $1.7K of change in pension value and nonqualified deferred compensation earnings, $147.5K in non-equity incentive plan, $154.4K in stock awards, as well as $33.1K in other compensation.

Kevin E. Kramer, Chief Operating Officer, received a compensation package of $548K, which decreased by 11% compared to previous year. 60.21% of the compensation package, or $330K, was in salary.

Barry S. Ray, Chief Financial Officer, earned $507.1K in 2018.

Mitchell W. Cook, Senior Regional President, received $394.5K in 2018, which decreases by 2% compared to 2017.

James M. Cantrell, Chief Investment Officer, earned $380.9K in 2018, a 15% increase compared to previous year.

David E. Lindstrom, Senior Vice President, Retail Banking, received $348.8K in 2018.