Compensation & Benefits Survey

Are your bank's compensation practices on track with the industry?

See how your bank measures up—dive in to our latest data-rich report on compensation practices. Grouped by region, ownership type and asset size, our 2023 report compiles the responses of 354 banks across the country on topics like profit-sharing, work/life policies and insurance benefits. Over 200 job positions are covered. Purchase the annual Compensation & Benefits Survey report today to help recruit, reward and retain your most valuable asset—your employees.

2023 Report Highlights

• During the 12 months that ended Dec. 31, 2022, banks increased base salaries by an average of 4.9%.
• Twenty-five percent of banks said that aside from attendance-based fees, they offered annual compensation/retainer fees to the Inside Board Chair, while 43.7% offered the same fees to the Outside Board Chair.
• Nine in 10 banks offered some variable incentives (e.g., bonus, cash awards) in 2022.

2023 Banks at a Glance

• More than eight in ten (84.7%) of respondents are stock-owned, 8.2% are mutual Co-ops and 7.1% are mutual holding companies.
• About eight in ten (79.9%) of respondents are commercial banks, with the remaining 20.1% chartered as savings/other banks.
• The largest group of participating banks are headquartered in the Great Lakes region (23.7%), followed by banks in the Mid-Atlantic region (13.6%), Plains region (13.0%), South region (11.3%), Lower Southwest (10.5%) and Middle Southeast (10.5%).

Preview the Reports

• 2023 Table of Contents
• 2023 Participant Profile
• 2023 List of Positions

Order Today!

The ABA Compensation & Benefits Survey is available in an online subscription format only. With your online subscription access, you will be able to:

• Download the full PDF copy (Benefits and Salary sections) of the survey report.

Participate in the Survey

Join the hundreds of community banks that participate in the ABA Compensation & Benefits Survey. ABA members that participate receive the survey results for free, and non-members that participate receive a discount of more than 50% off the regular purchase price of the survey report. For more information, email [email protected].