The chief executive officer of First Bancorp, which owns First Bank, received a 14.4 percent increase in total compensation in 2017, according to a filing with the Securities and Exchange Commission.

Richard H. Moore, 57, who also serves as the company’s president, received $1.43 million in 2017, up from $1.23 million in 2016. In 2015, Moore received $985,476 in total compensation.

While the CEO’s base salary fell nearly 21 percent in 2017, falling from a 2016 amount of $525,000 to $415,625, he collected double on his bonus, racking in $500,000 compared to a 2016 bonus of $250,000. The bonus, paid in March 2018, was a result of First Bancorp’s performance and achievement 2017, according to the filing.

The company’s stock price closed 2016 at $27.14 per share. At the end of 2017, the price closed at $35.31 per share, or an increase of more than 30 percent. As of Tuesday evening, the company’s stock price is $36.84 per share.

Moore also collected $348,200 worth of stock awards in 2017, a 23 percent increase from a 2016 amount of $282,750, though his non-equity incentive plan fell to $148,200, a 17 percent decrease from $177,750.

In 2017, the company acquired Carolina Bank Holding for $97 million, increasing First Bancorp’s assets by about $4.1 billion and ASB Bancorp Inc., the parent company of Asheville Savings Bank.

Moore served as the North Carolina state treasurer from 2001 until 2009, winning statewide elections in 2000 and 2004. He was named to his present position with the company in June 2012.

First Bancorp operates 110 banks in North Carolina and South Carolina, the vast majority of which reside in North Carolina.