By ALLISSA KLINE
akline@bizjournals.com | 716-541-1612

The president and CEO of Financial Institutions Inc. received an increase in total compensation last year, due mostly to a significant jump in stock awards.

Peter Humphrey, 56, was awarded $1 million in 2010, up 44.2 percent from total compensation of $703,919 in 2009, a regulatory filing shows.

Here's the breakdown:

• $406,132 in base salary, down from $413,483 in base salary in 2009;

• $355,959 in stock awards, more than three times the amount of stock awards issued in 2009, which totaled $79,260;

• $179,930 in pension earnings, up from $138,264 in 2009;

• $73,037 in other compensation, which includes 401(k) matching contributions, use of a company vehicle and club membership dues.

The parent of Five Star Bank released compensation information today as part of its annual shareholders meeting announcement. The meeting, during which shareholders will elect four directors and vote on the 2010 executive compensation packages, will take place at 10 a.m., May 4 in Warsaw.

Last year's pay for other named executives, all of whom are executive vice presidents, was also supplied in the filing. Bank CFO Karl Krebs received $312,128 in total compensation while Richard Harrison, senior retail lending administrator, was awarded $426,843. John Witkowski, who oversees retail banking, received $426,757 and George Hagi, chief risk officer, received $408,710. Commercial banking executive Martin Birmingham's total compensation was $394,407.

None of the named executives received bonuses because Financial Institutions is a recipient of Troubled Asset Relief Program funds and therefore it cannot pay cash incentive awards to its leaders. Instead, it paid out larger stock awards.

The bank announced earlier this year that it plans to pay back the full $37.5 million it received in TARP funds. It initially paid back $12.5 million and it has raised capital in recent weeks to return the rest.