Data snapshot

Board members and officers of banks nationwide were paid more in 2014 than in past years, according to a new survey, but that money came with a caveat: more work.

The median board meeting fee for an independent bank director was $1,000 in fiscal year 2014, according to Bank Director's 2015 Compensation Survey. That's an increase of one-third from fiscal 2013. The median hours per month directors devoted to board work also increased 33%, to 20 hours a month in 2014.

Brentwood, Tenn.-based Bank Director is a data analysis firm for directors of financial institutions. The report, with data from Compensation Advisors, is based on a survey of 281 independent directors and senior executives of U.S. banks, in addition to proxy statements from 90 publicly traded banks.