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First Bancorp Executive Compensation (FY25)

FNLC · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 1, 2026
190 figures on this page: 179 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Companies named in the disclosed peer group include ACNB Corporation, AmeriServ Financial, Inc., Arrow Financial Corporation, Bar Harbor Bankshares and Camden National Corporation, among others. Meanwhile, total compensation for Tony McKim, President and Chief Executive Officer, came to $1,589,276 in fiscal 2025, and McKim's total moved 15.3% higher from the $1,378,381 reported for fiscal 2024, and the disclosed chief executive pay ratio for fiscal 2025 is 29.2:1, against median employee compensation of $54,510. Shareholders recorded 96.7% support for the say-on-pay proposal at the meeting held April 29, 2026 for fiscal 2025.
Chief executive, fiscal 2025
◇
Tony McKim
Latest say-on-pay support
=
April 29, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Tony McKim: $1,378,381 → $1,589,276 (15.3% higher)
CEO pay ratio: 20.9:1 → 29.2:1 (39.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Bancorp's chief executive and what were they paid?
Total compensation for Tony McKim, President and Chief Executive Officer, came to $1,589,276 in fiscal 2025. McKim's total moved 15.3% higher from the $1,378,381 reported for fiscal 2024.
What was First Bancorp's say-on-pay result?
Shareholders recorded 96.7% support for the say-on-pay proposal at the meeting held April 29, 2026 for fiscal 2025.
Which companies are in First Bancorp's peer group?
Companies named in the disclosed peer group include ACNB Corporation, AmeriServ Financial, Inc., Arrow Financial Corporation, Bar Harbor Bankshares and Camden National Corporation, among others.
What is First Bancorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 29.2:1, against median employee compensation of $54,510.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tony McKim
President and Chief Executive Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tony McKim
President and Chief Executive Officer
◇◇◇———◇◇
Richard Elder
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Sarah Tolman
Executive Vice President and Chief Banking Officer
◇◇◇———◇◇
Jonathan Nicholson
Executive Vice President and Chief Lending Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tony McKim
President and Chief Executive Officer
◇◇◇———◇◇
Richard Elder
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Jonathan Nicholson
Executive Vice President and Chief Lending Officer
◇◇◇———◇◇
Sarah Tolman
Executive Vice President and Chief Banking Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tony McKim
President and Chief Executive Officer
◇◇◇———◇◇
Richard Elder
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Jonathan Nicholson
Executive Vice President and Chief Lending Officer
◇◇◇———◇◇
Sarah Tolman
Executive Vice President and Chief Banking Officer
◇◇◇———◇◇
Tammy Plummer
Executive Vice President and Chief Information Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jonathan W. NicholsonRSU◇——◇——◇
Richard M. ElderRSU◇——◇——◇
Sarah J. TolmanRSU◇——◇——◇
Susan A. NortonRSU◇——◇——◇
Tony C. McKimRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Tony McKimRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Richard ElderRSU◇◇——
RSU◇◇——
RSU◇◇——
Sarah TolmanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jonathan NicholsonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Tammy PlummerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Bruce B. Tindal
Board chair
◇—————◇
F. Stephen Ward
◇—————◇
Kimberly S. Swan
◇—————◇
Stuart G. Smith
◇—————◇
Cornelius J. Russell
◇—————◇
Renee W. Kelly
◇—————◇
Robert B. Gregory
◇—————◇
Ingrid H.W. Kachmar
◇—————◇
Tony C. McKim served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Board meeting fee◇
Committee meeting fee◇
Stock ownership guideline: Stock ownership guidelines for directors and executives

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ACNB Corporation ACNB
  • AmeriServ Financial, Inc. ASRV
  • Arrow Financial Corporation AROW
  • Bar Harbor Bankshares BHB
  • Camden National Corporation CAC
  • Chemung Financial Corporation CHMG
  • Citizens & Northern Corporation CZNC
  • CNB Financial Corporation CCNE
  • Fidelity D & D Bancorp FDBC
  • Franklin Financial Services Corp. FRAF
  • HarborOne Bancorp, Inc. HONE
  • Hingham Institution for Savings HIFS
  • LINKBANCORP, Inc. LNKB
  • Mid Penn Bancorp, Inc. MPB
  • Norwood Financial Corp. NWFL
  • Orange County Bancorp, Inc. OBT
  • Orrstown Financial Services, Inc. ORRF
  • Penns Woods Bancorp, Inc. PWOD
  • Peoples Financial Services Corp. PFIS
  • Western New England Bancorp, Inc. WNEB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 29, 2026=◇◇◇
2024April 30, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 26, 2023=◇◇◇
2021April 27, 2022=◇◇◇
2020April 28, 2021=◇◇◇
2019April 29, 2020=◇◇◇
2018April 24, 2019=◇◇◇
2017April 25, 2018=◇◇◇
2016April 26, 2017=◇◇◇
2015April 27, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact First Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
190 figures on this page: 179 cited to the filing that reported them, 11 calculated from figures it prints.
179 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000765207-26-000078
  2. 0001104659-26-024669
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards Table · Outstanding Equity Awards at Fiscal Year End Table · and 1 more section
  3. 0000765207-25-000031
  4. 0001104659-25-021586
    SUMMARY COMPENSATION TABLE
  5. 0000765207-24-000018
  6. 0001104659-24-032208
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0000765207-23-000020
  8. 0001104659-23-031072
    Summary Compensation Table
  9. 0000765207-22-000018
  10. 0000765207-21-000026
  11. 0000765207-20-000029
  12. 0000765207-19-000014
  13. 0000765207-18-000019
  14. 0000765207-17-000017
  15. 0000765207-16-000067
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Velarion, “First Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FNLC (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Bancorp discloses

The companies named in FNLC's own disclosed peer group.

ACNB CorporationAmeriServ Financial, Inc.Arrow Financial CorporationBar Harbor BanksharesCamden National CorporationChemung Financial CorporationCitizens & Northern CorporationCNB Financial CorporationFidelity D & D BancorpFranklin Financial Services Corp.Hingham Institution for SavingsLINKBANCORP, Inc.Mid Penn Bancorp, Inc.Norwood Financial Corp.Orange County Bancorp, Inc.Orrstown Financial Services, Inc.Peoples Financial Services Corp.Western New England Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy