Peoples Bancorp of North Carolina CEO Tony Wolfe's 2006 pay rises 14% to $454K

Peoples Bancorp of North Carolina reports 2006 executive compensation

By ExecPay News

Published: April 4, 2007

Peoples Bancorp of North Carolina reported fiscal year 2006 executive compensation information on April 4, 2007.

In 2006, five executives at Peoples Bancorp of North Carolina received on average a compensation package of $260K, a 13% increase compared to previous year.

Average pay of disclosed executives at Peoples Bancorp of North Carolina

Tony W. Wolfe, Chief Executive Officer, received $454K in total, which increased by 14% compared to 2005. 50% of Wolfe's compensation, or $227K, was in salary. Wolfe also received $109K of change in pension value and nonqualified deferred compensation earnings, $97K in non-equity incentive plan, as well as $21K in other compensation.

Lance A. Sellers, Executive Vice President, Chief Credit Officer, received a compensation package of $248K, which increased by 10% compared to previous year. 66% of the compensation package, or $164K, was in salary.

A. Joseph Lampron, Jr, Chief Financial Officer, earned $205K in 2006, a 12% increase compared to previous year.

William D. Cable, Executive Vice President, Chief Operations Officer, received $199K in 2006, which increases by 10% compared to 2005.

Joseph F. Beaman, Jr, Secretary, earned $193K in 2006, a 17% increase compared to previous year.