Bank First: Pay

Bank First paid its 4 named executives $3.4M in total in FY2025 (Dec). CEO Timothy J. McFarlane was paid $1.1M of that.

Pay$100 in the stock at the end of FY22 → $115
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Timothy J. McFarlanePresident (Director)
FY2025 (Dec)
FY2023 (Dec)Not disclosed
2 years
Kevin M. LeMahieuChief Financial Officer
FY2025 (Dec)
1 year
Jason V. KreplineChief Lending Officer
FY2025 (Dec)
1 year
Kelly M. DvorakChief Legal Counsel
FY2025 (Dec)
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 6 peers with pay on file was $2.1M. The CEO of Bank First was paid $1.8M, 14% below the median.

  1. 1Nicolet Bankshares
  2. 2Triumph Financial
  3. 3First Mid Bancshares
  4. 4German American Bancorp
  5. 5City Holding
  6. 6Bank First
  7. 7Mercantile Bank
  8. 8Alerus Financial CorporationNot disclosed
  9. 9Bridgewater Bancshares, Inc.Not disclosed
  10. 10Civista Bancshares, Inc.Not disclosed
  11. 11Farmers & Merchants Bancorp, Inc.Not disclosed
  12. 12Guaranty Bancshares, Inc.Not disclosed
  13. 13HBT Financial, Inc.Not disclosed
  14. 14Lakeland FinancialNot disclosed
  15. 15MVB Financial Corp.Not disclosed
  16. 16Peoples Financial Services Corp.Not disclosed
  17. 17Red River Bancshares, Inc.Not disclosed
  18. 18South Plains Financial, Inc.Not disclosed
  19. 19Southern Missouri Bancorp, Inc.Not disclosed
  20. 20Stock Yards BancorpNot disclosed
  21. 21West Bancorporation, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.