In 2023, Andrew Borrmann earned $595.38K in total compensation at Colony Bankcorp, including $485.00K salary and $58.20K bonus. Most recently acquired 2,000 shares in Jan 2024. Currently holds stock worth $1.16M. 4+ years at the helm of Colony Bankcorp.
Compensation History
Annual executive compensation data for Andrew Borrmann, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$595.38K
Salary
$485.00K
Bonus
$58.20K
Other
$52.18K
Salary
$485.00KBoard Justification
The compensation philosophy is designed to reflect the potential contribution of the executive to the achievement of the Company’s and the Bank’s business objectives and to be competitive with base salaries paid by other institutions.
Bonus
$58.20KBoard Justification
Discretionary cash bonus paid in current year based on Company performance in prior year.
Other Compensation
$52.18KBoard Justification
Includes various forms of compensation such as car expenses, life insurance premiums, interest on deferred bonus, social club dues, director fees, dividends on restricted stock, disability insurance, and 401(k) match.
Restricted Stock
Board Justification
No stock awards vested in 2023.
Performance Metrics
Performance metrics include achieving an operating return on average assets (ROAA) ratio of greater than 0.89%, operating earnings per share (EPS) greater than $1.53, net growth in organic customer deposit growth of greater than $103.129 million, net operating non-interest expense to average assets (Net NIE) ratio of less than 1.94%, and individual performance goals.
Andrew Borrmann
CEO of Colony Bankcorp
Education
Not specified
Sector of Economy
Financial Services
CEO of Colony Bankcorp for
4 years 4 months (Aug 2021 - Present)
Previous Experience
Not specified
Other Colony Bankcorp CEOs
Holdings
Track Andrew Borrmann's stock holdings and portfolio value over time.
Insider Trading
Andrew Borrmann's recent stock transactions, purchases, and sales filed with the SEC.
2,000 shares
SFST
Jan 16, 2024
Received
$56.05K
SFST at $29.50/share
Jul 28, 2023
Purchase
$16.03K
SFST at $22.90/share
May 16, 2023
Purchase
$4.47K
SFST at $22.35/share
May 9, 2023
Purchase
$4.29K
SFST at $21.45/share
May 4, 2023
Purchase
$192.55K
SFST at $27.51/share
Apr 28, 2023
Purchase
1,500 shares
SFST
Apr 18, 2023
Received
$14.22K
CBAN at $14.22/share
Jul 25, 2022
Purchase
$49.50K
CBAN at $16.50/share
Feb 8, 2022
Purchase
7,000 shares
CBAN
Jan 13, 2022
Received
Rivals
Compare Andrew Borrmann with competitor CEOs and industry peers.
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Patrick S. Barrett
CEO of OceanFirst Financial
2023 Compensation
Stock
$0.00
Salary
$450.00K
Bonus
$285.12K
Other
$65.33K
Total Holdings
$29.82K
Anthony Labozzetta
CEO of Provident Financial Services
2023 Compensation
Stock
$61.82K
Salary
$818.27K
Bonus
$309.38K
Other
$121.55K
Total Holdings
$20.11K