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Pay vs Performance Disclosure
3 Months Ended 10 Months Ended 12 Months Ended 14 Months Ended
Oct. 31, 2022
Oct. 31, 2022
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2023
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Value of Initial Fixed $100 Invested Based On:
Year
Summary Compen-
sation Table Total for PEO - Charles N. Funk(1)
Summary Compen-sation Table Total for PEO - Charles N. Reeves(2)
Summary Compen-sation Table Total for PEO - Len D. Devaisher (3)
Compen-sation Actually Paid to PEO - Charles N. Funk(1)
Compen-sation Actually Paid to PEO - Charles N. Reeves(2)
Compen-sation Actually Paid to PEO - Len D. Devaisher (3)
Avg. Summary Compen-sation Table Total for Non-PEO NEOs(4)
Avg. Compen-sation Actually Paid to Non-PEO NEOs(4)
Company TSR
Peer Group TSR(5)
Net Income
in millions
CSM
2023$— $1,463,067 $— $— $1,286,192 $— $567,529 $440,616 $85.8 $100.1 $20.9 $1.33 
20221,034,428 424,261 981,987 1,033,562 399,968 985,874 538,102 537,760 96.9 98.0 60.8 3.87 
20211,156,260 — — 1,435,821 — — 583,656 695,448 95.8 113.6 69.5 4.37 
2020951,134 — — 682,861 — — 464,897 377,901 70.4 86.0 6.6 0.41 
       
Company Selected Measure Name     Diluted Earnings Per Share        
Named Executive Officers, Footnote     Mr. Funk served as our PEO for the period 2020 through 2022. Mr. Funk stepped down as Chief Executive Officer of the Company, effective November 1, 2022, and served as a Special Advisor to the CEO until April 27, 2023, at which time he retired from employment with the Company.
(2)    Mr. Reeves was appointed Chief Executive Officer of the Company, effective November 1, 2022.
(3)    Mr. Devaisher served as the interim Chief Executive Officer in addition to President & Chief Operating Officer while Mr. Funk was recuperating from August 12, 2022 until November 1, 2022.
(4)    The Other NEOs represent the following individuals for years 2023, 2021, and 2020: Messrs. Devaisher, Ray, Sims and Lindstrom and for the year 2022: Messrs. Ray, Sims and Lindstrom.
       
Peer Group Issuers, Footnote     The peer group index is the S&P U.S. BMI Banks - Midwest Region, which is included in Item 5, “Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities,” found on page 27, of the Company’s Form 10-K for the year ended December 31, 2023.        
Adjustment To PEO Compensation, Footnote    
PEO - Mr. Funk SCT Total to CAP Reconciliation(3)
YearSCT-PEO
Change in Fair Value of Equity Awards Granted in the Year(1)
Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years(1)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the YearChange in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
Value of Dividends or Other Earnings Paid on Equity Awards(2)
CAP
2022$1,034,428 $3,537 $1,499 $— $(5,244)$— $(658)$1,033,562 
20211,156,260 53,478 202,594 — 15,824 — 7,665 1,435,821 
2020951,134 (155,215)(87,975)— (19,600)— (5,483)682,861 
(1)    The change in the fair value of the equity awards granted in 2020 reflects that the Company would not achieve a threshold level of performance over the three-year performance measurement period for the PSU awards. In 2021, the fair value of the 2020 awards was restored based upon the projected level of performance determined at that time, which is reflected in the change in fair value of the outstanding unvested equity awards granted in the prior year.
(2)    Includes the cumulative change in the fair value of dividend equivalents that were granted, vested, and outstanding. Such dividend equivalent units are subject to the same vesting, payment and other terms and conditions as the underlying RSUs and PSUs to which they relate.
(3)    Mr. Funk served as our PEO for the period 2020 through 2022. Mr. Funk stepped down as Chief Executive Officer of the Company, effective November 1, 2022, and served as a Special Advisor to the CEO until April 27, 2023, at which time he retired from employment with the Company.
PEO - Mr. Reeves SCT Total to CAP Reconciliation(1)
YearSCT-PEOChange in Fair Value of Equity Awards Granted in the YearChange in Fair Value of Outstanding Unvested Equity Awards Granted in Prior YearsFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearChange in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the YearValue of Dividends or Other Earnings Paid on Equity Awards CAP
2023$1,463,067 $(127,324)$(22,956)$— $(22,742)$— $(3,853)$1,286,192 
2022424,261 (24,118)— — — — (175)399,968 
(1)    Mr. Reeves was appointed Chief Executive Officer of the Company, effective November 1, 2022.

PEO - Mr. Devaisher SCT Total to CAP Reconciliation(1)
YearSCT-PEOChange in Fair Value of Equity Awards Granted in the YearChange in Fair Value of Outstanding Unvested Equity Awards Granted in Prior YearsFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearChange in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the YearValue of Dividends or Other Earnings Paid on Equity AwardsCAP
2022$981,987 $1,887 $2,665 $— $(359)$— $(306)$985,874 
(1)    Mr. Devaisher served as the interim Chief Executive Officer in addition to President & Chief Operating Officer while Mr. Funk was recuperating from August 12, 2022 until November 1, 2022.
       
Non-PEO NEO Average Total Compensation Amount     $ 567,529 $ 538,102 $ 583,656 $ 464,897  
Non-PEO NEO Average Compensation Actually Paid Amount     $ 440,616 537,760 695,448 377,901  
Adjustment to Non-PEO NEO Compensation Footnote    
Average Non-PEO NEOs SCT Total to CAP Reconciliation
YearSCT-NEO
Change in Fair Value of Equity Awards Granted in the Year(1)
Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years(1)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the YearChange in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
Value of Dividends or Other Earnings Paid on Equity Awards(2)
CAP
2023$567,529 $(57,786)$(53,399)$— $(11,339)$— $(4,389)$440,616 
2022538,102 1,277 185 — (1,597)— (207)537,760 
2021583,656 21,658 81,366 — 5,774 — 2,994 695,448 
2020464,897 (47,790)(21,994)— (16,370)— (842)377,901 
(1)    The change in the fair value of the equity awards granted in 2020 reflects that the Company would not achieve a threshold level of performance over the three-year performance measurement period for the PSU awards. In 2021, the fair value of the 2020 awards was restored based upon the projected level of performance determined at that time, which is reflected in the change in fair value of the outstanding unvested equity awards granted in the prior year.
(2)    Includes the cumulative change in the fair value of dividend equivalents that were granted, vested, and outstanding. Such dividend equivalent units are subject to the same vesting, payment and other terms and conditions as the underlying RSUs and PSUs to which they relate.
       
Compensation Actually Paid vs. Total Shareholder Return    
As shown in the chart below, the PEOs’ CAP and Other NEOs’ average CAP amounts are directionally aligned with the Company’s TSR. This is due primarily to the Company’s use of equity incentives, the value of which moves in line with our TSR, in addition to the Company’s financial performance.

5333
       
Compensation Actually Paid vs. Net Income    
As shown in the chart below, the PEOs’ CAP and Other NEOs’ average CAP amounts are directionally aligned with changes in the Company’s net income. This is due in large part to the significant emphasis the Company places on equity incentives, the value of which are affected by our TSR. The Company does not use net income to determine compensation levels or incentive plan payouts.
5743
       
Compensation Actually Paid vs. Company Selected Measure     As shown in the chart below, the PEOs’ CAP and Other NEOs’ average CAP amounts are directionally aligned with changes in the Company’s diluted earnings per share.
7034
       
Total Shareholder Return Vs Peer Group    
The following chart presents the cumulative total shareholder return, assuming reinvestment of dividends, over the four-year period for the Company and the S&P U.S. BMI Banks - Midwest Region Index (S&P Bank Index). As the table demonstrates, the Company’s four-year cumulative TSR is below our peer group index.

5020
       
Tabular List, Table    
The table below lists the most important financial metrics used to link 2023 CAP to Company performance. Diluted earnings per share, return on average tangible equity and the efficiency ratio are further described in our Compensation Discussion and Analysis (“CD&A”) within the sections titled “Annual Cash Incentive Awards” and “Long-Term Incentive Awards (Equity Awards).”
Most Important Performance Measures
Diluted Earnings Per Share
Return on Average Tangible Equity
Efficiency Ratio
       
Total Shareholder Return Amount     $ 85.8 96.9 95.8 70.4  
Peer Group Total Shareholder Return Amount     100.1 98.0 113.6 86.0  
Net Income (Loss)     $ 20,900,000 $ 60,800,000 $ 69,500,000 $ 6,600,000  
Company Selected Measure Amount     1.33 3.87 4.37 0.41  
PEO Name Mr. Devaisher Mr. Funk     Mr. Funk Mr. Funk Mr. Reeves
Measure:: 1              
Pay vs Performance Disclosure              
Name     Diluted Earnings Per Share        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Return on Average Tangible Equity        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Efficiency Ratio        
Charles Funk [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 0 $ 1,034,428 $ 1,156,260 $ 951,134  
PEO Actually Paid Compensation Amount     0 1,033,562 1,435,821 682,861  
Charles Reeves [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     1,463,067 424,261      
PEO Actually Paid Compensation Amount     1,286,192 399,968      
Len D Devaisher [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     0 981,987      
PEO Actually Paid Compensation Amount     0 985,874      
PEO | Charles Funk [Member] | Change in Fair Value of Equity Awards Granted in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       3,537 53,478 (155,215)  
PEO | Charles Funk [Member] | Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       1,499 202,594 (87,975)  
PEO | Charles Funk [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0  
PEO | Charles Funk [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (5,244) 15,824 (19,600)  
PEO | Charles Funk [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0  
PEO | Charles Funk [Member] | Value of Dividends or Other Earnings Paid on Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (658) 7,665 (5,483)  
PEO | Charles Reeves [Member] | Change in Fair Value of Equity Awards Granted in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (127,324) (24,118)      
PEO | Charles Reeves [Member] | Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (22,956) 0      
PEO | Charles Reeves [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
PEO | Charles Reeves [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (22,742) 0      
PEO | Charles Reeves [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
PEO | Charles Reeves [Member] | Value of Dividends or Other Earnings Paid on Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (3,853) (175)      
PEO | Len D Devaisher [Member] | Change in Fair Value of Equity Awards Granted in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       1,887      
PEO | Len D Devaisher [Member] | Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       2,665      
PEO | Len D Devaisher [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
PEO | Len D Devaisher [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (359)      
PEO | Len D Devaisher [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
PEO | Len D Devaisher [Member] | Value of Dividends or Other Earnings Paid on Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (306)      
Non-PEO NEO | Change in Fair Value of Equity Awards Granted in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (57,786) 1,277 21,658 (47,790)  
Non-PEO NEO | Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (53,399) 185 81,366 (21,994)  
Non-PEO NEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0  
Non-PEO NEO | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (11,339) (1,597) 5,774 (16,370)  
Non-PEO NEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0  
Non-PEO NEO | Value of Dividends or Other Earnings Paid on Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ (4,389) $ (207) $ 2,994 $ (842)