CURRENCIES THE LEDGER Compensation on the rise The 2022 Crowe Bank Compensation and Benefits Survey finds that the demand for talent means salaries are on the rise. Bank salaries are increasing across the board Average salary hikes year-over-year Consider rewarding performance Average pay increases at banks with pay-for-performance programs TOP PERFORMERS OFFICERS 8% 2021 3.7% 2020 3.7% 2021 6.8% 2022 10% 2022 MEETS EXPECTATIONS NONOFFICERS 3% 2021 8% 2022 BELOW-AVERAGE PERFORMANCE 3.5% 2020 3.4% 2021 5% 2022 PREPARE TO PAY FOR TOP TALENT Average increases for in-demand or hard-to-fill positions, 2020-2022 18.2% Top retail banking officer 12.6% Teller I 10.7% Commercial loan officer III 1% 2021 2% 2022 12 // ICBA Independent Banker // April 2023 Source: 2022 Crowe Bank Compensation and Benefits Survey