MidWest One Financial Group reports 2018 executive compensation

CEO Charles N. Funk receives $773.6K

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 $492,163, a 10% increase compared to previous year.

Average pay of disclosed executives at MidWest One Financial Group

Charles N. Funk, Chief Executive Officer, received $773,617 in total, which increased by 21% compared to 2017. 56.49% of Funk's compensation, or $437,000, was in salary. Funk also received $1,711 of change in pension value and nonqualified deferred compensation earnings, $147,488 in non-equity incentive plan, $154,350 in stock awards, as well as $33,068 in other compensation.

Kevin E. Kramer, Chief Operating Officer, received a compensation package of $548,042, which decreased by 11% compared to previous year. 60.21% of the compensation package, or $330,000, was in salary.

Barry S. Ray, Chief Financial Officer, earned $507,138 in 2018.

Mitchell W. Cook, Senior Regional President, received $394,489 in 2018, which decreases by 2% compared to 2017.

James M. Cantrell, Chief Investment Officer, earned $380,924 in 2018, a 15% increase compared to previous year.

David E. Lindstrom, Senior Vice President, Retail Banking, received $348,770 in 2018.