Northwest Indiana Bancorp reports 2018 executive compensation

CEO Benjamin J. Bochnowski receives $451K

Northwest Indiana Bancorp reported fiscal year 2018 executive compensation information on March 11, 2019.

In 2018, five executives at Northwest Indiana Bancorp received on average a compensation package of $345,130, a 9% increase compared to previous year.

Average pay of disclosed executives at Northwest Indiana Bancorp

Benjamin J. Bochnowski, Chief Executive Officer, received $451,046 in total, which increased by 8% compared to 2017. 70.91% of Bochnowski's compensation, or $319,815, was in salary. Bochnowski also received $66,827 in non-equity incentive plan, $30,550 in stock awards, as well as $33,854 in other compensation.

David A. Bochnowski, Chairman, received a compensation package of $389,405, which increased by 10% compared to previous year. 65.70% of the compensation package, or $255,852, was in salary.

Robert T. Lowry, Chief Financial Officer, earned $301,755 in 2018, a 11% increase compared to previous year.

Todd Scheub, Executive Vice President, Chief Banking Officer, received $299,440 in 2018, which increases by 9% compared to 2017.

Leane E. Cerven, General Counsel, earned $284,006 in 2018, a 10% increase compared to previous year.