Guaranty Bank CEO's compensation dips, proxy filing shows

The CEO of Springfield-based Guaranty Bank saw a slight dip in total compensation last year, according to a proxy filing from parent company QCR Holdings Inc. (Nasdaq: QCRH).

The U.S. Securities and Exchange Commission proxy filing from the Moline, Illinois, parent company indicates Guaranty CEO Monte McNew brought in total compensation of $472,298 in 2022.

That's down 4% from $492,390 in 2021, according to the filing.

While McNew's salary rose 5% to $254,592, according to the SEC filing, a decrease in stock rewards last year was the primary factor behind the total compensation drop.

McNew became CEO of Guaranty Bank in April 2022 after QCR finalized its $152 million purchase of the Springfield company, according to past reporting. The deal resulted in the merger of Guaranty Bank's operations with that of Springfield First Community Bank, which QCR bought in 2018 for $90.7 million. McNew previously led SFC Bank as president and CEO.

QCR Holdings CEO Larry Helling is the top-paid officer at the parent company. In 2022, his total compensation was nearly $1.9 million, a 4.3% decrease from 2021, according to the proxy filing.

During 2022, QCR reported record full-year profits of $99.1 million, according to past reporting.

QCRH shares were trading at $42.77 as of 10:55 a.m., compared with a 52-week range of $42.15 to $62.85 per share.