Peoples Bancorp Inc. reported Friday that overall compensation in 2016 for Chief Executive Officer Lance A. Sellers declined in 2016 by 1.5 percent, or slightly more than $7,000.

In a proxy statement filed with the Securities and Exchange Commission, total compensation for Chief Financial Officer A. Joseph Lampron Jr. and Chief Operating Officer William D. Cable also declined by $5,000 and $15,000, respectively.

None of the top three executives received stock awards in 2016, compared to awards worth about $30,000 and $40,000 in 2014 and 2015.

Including salary, bonus and change in pension value Sellers’ total compensation for 2016 was over $458,000.

Sellers has about 20,000 shares in outstanding equity awards worth about $490,000, in addition to a pension valued at over $370,000.

Lampron and Cable received $365,000 and $291,000, respectively, in total compensation.

Lampron and Cable both own 14,000 shares in outstanding equity awards worth about $355,000.

The bank reported on Feb. 16 that net income available to common shareholders had declined almost 5 percent in 2016 from the year before.

Diluted net earnings per share fell from $1.72 in 2015 to $1.65 last year. In 2016 the bank paid 38 cents in dividends compared to 28 cents in 2015.

According to the annual report filed with the Securities and Exchange Commission, the decrease in net income was attributable to an increase in non-interest expense.

Peoples Bancorp of North Carolina Inc. was formed in 1999 to serve as a holding company for Peoples Bank. Peoples Bank was founded in 1912 and operates 20 offices in the Catawba Valley, as well as locations in Charlotte, Raleigh, Durham and Winston-Salem.

The bank operates four banking offices focused on serving the Latino population, with a devoted loan office in Durham and Forsyth County.

As of the end of 2016 the bank had assets of $1.1 billion, and according to the filing has a diversified loan portfolio with few foreign or agricultural loans.

The filing was also to inform shareholders of a meeting on May 4 at Catawba Country Club in Newton, North Carolina, to elect the 10 members of the board of directors for 2017.

The stock of People’s Bancorp declined almost 2 percent to close at $27.95 on Thursday.