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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance Disclosure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information that demonstrates the relationship between executive “Compensation Actually Paid” and the Company’s performance against several specific financial metrics. For further information regarding our executive compensation and programs, the metrics used by our Compensation Committee to set executive compensation for 2022 (which is different than the financial metrics we are required to include in the tables and discussion below) and our pay-for-performance philosophy, please refer to the “Compensation Discussion and Analysis” section included herein.
The table below reflects the Compensation Actually Paid to the Company’s Principal Executive Officer (“PEO”) and average Compensation Actually Paid to non-PEO NEO’s during 2020 through 2022. In addition, the table compares our Total Shareholder Return (“TSR”) against our peer group TSR using the KBW Nasdaq Regional Bank Index.
Summary
Compensation
Table Total
for PEO
(1)
(b)
Compensation
Actually
Paid to
PEO ($)
(2)(3)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($)
(1)
(d)
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)
(2)(3)
(e)
Value of Initial Fixed
$100 Investment
Based On:
(4)
Net Income
($ in thousands)
(h)
Return on
Tangible
Book Value
(5)
(i)
Year
(a)
TSR (S)
(f)
Peer Group
TSR ($)
(g)
2022
2,684,550 2,439,531 839,164 832,136 82.36 106.02 110,512 13.0%
2021
2,439,000 2,457,626 1,110,500 1,116,184 142.87 117.08 109,511 16.9%
2020
2,201,000 2,219,850 829,440 829,031 114.43 87.90 84,369 15.5%
(1)
The amounts included in column (b) reflect the summary compensation table total for Scott F. Kavanaugh for the years reported in the table. Scott F. Kavanaugh was our PEO for each year presented. The amounts reported in column (d) reflect the average summary compensation table total amounts for the non-PEO executive officers for the respective years. The individuals comprising the non-PEOs for each year are listed below:
2022
2021
2020
Ulrich E. Keller, Jr. Ulrich E. Keller, Jr. Ulrich E. Keller, Jr.
David DePillo David DePillo David DePillo
Kevin Thompson Kevin Thompson John Michel
Lindsay Lawrence Lindsay Lawrence Kevin Thompson
Amy Djou Lindsay Lawrence
Chris Naghibi
John A. Hakopian
David DePillo and Kevin Thompson resigned from the Company in November 2022. Lindsay Lawrence resigned from the Company in December 2022. John Michel resigned from the Company in May 2020.
(2)
The amounts shown in compensation actually paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s NEOs. These amounts reflect the summary compensation table total within certain adjustments as described below in footnote 3.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and non-PEO NEO’s as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and valuation assumptions do not differ materially from those disclosed as of the grant date of the equity awards. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table. For all periods presented, equity values or awards only include stock awards as there were no stock options granted or outstanding during these periods.
Year
Summary
Compensation
Table Total
for PEO ($)
Exclusion of
Stock Awards
for PEO ($)
Inclusion of
Equity Values
for PEO ($)
Compensation
Actually
Paid to PEO ($)
2022
2,684,550 (510,000) 264,981 2,439,531
2021
2,439,000 (435,000) 453,626 2,457,626
2020
2,201,000 (363,000) 381,850 2,219,850
Year
Average Summary
Compensation Table
Total for Non-PEO NEOs ($)
Average Exclusion of
Stock Awards for Non-
PEO NEOs ($)
Average Inclusion of
Equity Values for Non-
PEO NEOs ($)
Average
Compensation
Actually Paid to
Non-PEO NEOs ($)
2022
839,164 (20,386) 13,358 832,136
2021
1,110,500 (137,000) 142,684 1,116,184
2020
829,440 (99,880) 99,471 829,031
The amounts in the Inclusion of Equity Values in the table above is derived from the amounts as set forth below:
Year
Year-End Fair
Value of Equity
Awards Granted
During the Year
That Remained
Unvested as of Last
Day of Year for
PEO ($)
Change in Fair
Value from Last Day
of Year of Unvested
EquityAwards
Granted in
Prior years for
PEO ($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During
Year for
PEO ($)
Change in Fair
Value from Last
Day of Prior
Year to Vesting
Date of Unvested
Equity Awards
Granted in Prior
Years that Vested
During Year for
PEO ($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Granted in Prior
Years that Forfeited
During Year for
PEO ($)
Value of
Dividends or
Other Earning
Pai d on Equity
Awards Not
Otherwise
Included for PEO ($)
Total – Inclusion
of Equity values
for PEO ($)
2022
157,659 (54,577) 145,006 16,893 264,981
2021
257,674 34,907 121,000 40,045 453,626
2020
280,811 11,491 108,671 (19,123) 381,850
Year
Average Year-End
Fair Value of Equity
Awards Granted
During the Year
That Remained
Unvested as of
Last Day of Year
for Non-PEO
NEOs ($)
Average Change
in Fair Value from
Last Day of Year
of Unvested Equity
Awards Granted
in Prior years
for Non-PEO
NEOs ($)
Average Vesting-
Date Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs ($)
Average Change
in Fair Value from
Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards Granted in
Prior Years
that Vested
During Year for
Non-PEO
NEOs ($ )
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards Granted
in Prior Years that
Forfeited During
Year for Non-
PEO NEOs ($)
Average Value of
Dividends or
other Earning
Paid on Equity
Awards Not
otherwise
Included for Non-
PEO NEOs ($)
Total – Average
Inclusion of
Equity Values for
Non-PEO
NEOs ($)
2022
7,065 (2,300) 30,314 2,905 (24,626) 13,358
2021
79,801 12,476 37,471 12,936 142,684
2020
76,311 2,736 31,268 (5,509) (5,335) 99,471
(4)
The Peer Group TSR set forth in this table utilizes the KBW Nasdaq Regional Bank Index, which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K in our Annual Report filed on Form 10-K for the year ended December 31, 2022. The comparison assumes $100 invested for the period beginning December 31, 2019 through December 31, 2022 for the Company and the KBW Regional Bank Index, respectively. TSR shown the table are not necessarily indicative of future stock performance.
(5)
We determined Return on Tangible Book Value was the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and non-PEO NEOs in 2022. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name Return on Tangible Book Value    
Named Executive Officers, Footnote [Text Block]
(1)
The amounts included in column (b) reflect the summary compensation table total for Scott F. Kavanaugh for the years reported in the table. Scott F. Kavanaugh was our PEO for each year presented. The amounts reported in column (d) reflect the average summary compensation table total amounts for the non-PEO executive officers for the respective years. The individuals comprising the non-PEOs for each year are listed below:
2022
2021
2020
Ulrich E. Keller, Jr. Ulrich E. Keller, Jr. Ulrich E. Keller, Jr.
David DePillo David DePillo David DePillo
Kevin Thompson Kevin Thompson John Michel
Lindsay Lawrence Lindsay Lawrence Kevin Thompson
Amy Djou Lindsay Lawrence
Chris Naghibi
John A. Hakopian
David DePillo and Kevin Thompson resigned from the Company in November 2022. Lindsay Lawrence resigned from the Company in December 2022. John Michel resigned from the Company in May 2020.
   
Peer Group Issuers, Footnote [Text Block]
(4)
The Peer Group TSR set forth in this table utilizes the KBW Nasdaq Regional Bank Index, which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K in our Annual Report filed on Form 10-K for the year ended December 31, 2022. The comparison assumes $100 invested for the period beginning December 31, 2019 through December 31, 2022 for the Company and the KBW Regional Bank Index, respectively. TSR shown the table are not necessarily indicative of future stock performance.
   
PEO Total Compensation Amount $ 2,684,550 $ 2,439,000 $ 2,201,000
PEO Actually Paid Compensation Amount $ 2,439,531 2,457,626 2,219,850
Adjustment To PEO Compensation, Footnote [Text Block]
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and non-PEO NEO’s as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and valuation assumptions do not differ materially from those disclosed as of the grant date of the equity awards. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table. For all periods presented, equity values or awards only include stock awards as there were no stock options granted or outstanding during these periods.
Year
Summary
Compensation
Table Total
for PEO ($)
Exclusion of
Stock Awards
for PEO ($)
Inclusion of
Equity Values
for PEO ($)
Compensation
Actually
Paid to PEO ($)
2022
2,684,550 (510,000) 264,981 2,439,531
2021
2,439,000 (435,000) 453,626 2,457,626
2020
2,201,000 (363,000) 381,850 2,219,850
The amounts in the Inclusion of Equity Values in the table above is derived from the amounts as set forth below:
Year
Year-End Fair
Value of Equity
Awards Granted
During the Year
That Remained
Unvested as of Last
Day of Year for
PEO ($)
Change in Fair
Value from Last Day
of Year of Unvested
EquityAwards
Granted in
Prior years for
PEO ($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During
Year for
PEO ($)
Change in Fair
Value from Last
Day of Prior
Year to Vesting
Date of Unvested
Equity Awards
Granted in Prior
Years that Vested
During Year for
PEO ($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Granted in Prior
Years that Forfeited
During Year for
PEO ($)
Value of
Dividends or
Other Earning
Pai d on Equity
Awards Not
Otherwise
Included for PEO ($)
Total – Inclusion
of Equity values
for PEO ($)
2022
157,659 (54,577) 145,006 16,893 264,981
2021
257,674 34,907 121,000 40,045 453,626
2020
280,811 11,491 108,671 (19,123) 381,850
   
Non-PEO NEO Average Total Compensation Amount $ 839,164 1,110,500 829,440
Non-PEO NEO Average Compensation Actually Paid Amount $ 832,136 1,116,184 829,031
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and non-PEO NEO’s as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and valuation assumptions do not differ materially from those disclosed as of the grant date of the equity awards. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table. For all periods presented, equity values or awards only include stock awards as there were no stock options granted or outstanding during these periods.
Year
Average Summary
Compensation Table
Total for Non-PEO NEOs ($)
Average Exclusion of
Stock Awards for Non-
PEO NEOs ($)
Average Inclusion of
Equity Values for Non-
PEO NEOs ($)
Average
Compensation
Actually Paid to
Non-PEO NEOs ($)
2022
839,164 (20,386) 13,358 832,136
2021
1,110,500 (137,000) 142,684 1,116,184
2020
829,440 (99,880) 99,471 829,031
Year
Average Year-End
Fair Value of Equity
Awards Granted
During the Year
That Remained
Unvested as of
Last Day of Year
for Non-PEO
NEOs ($)
Average Change
in Fair Value from
Last Day of Year
of Unvested Equity
Awards Granted
in Prior years
for Non-PEO
NEOs ($)
Average Vesting-
Date Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs ($)
Average Change
in Fair Value from
Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards Granted in
Prior Years
that Vested
During Year for
Non-PEO
NEOs ($ )
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards Granted
in Prior Years that
Forfeited During
Year for Non-
PEO NEOs ($)
Average Value of
Dividends or
other Earning
Paid on Equity
Awards Not
otherwise
Included for Non-
PEO NEOs ($)
Total – Average
Inclusion of
Equity Values for
Non-PEO
NEOs ($)
2022
7,065 (2,300) 30,314 2,905 (24,626) 13,358
2021
79,801 12,476 37,471 12,936 142,684
2020
76,311 2,736 31,268 (5,509) (5,335) 99,471
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
[MISSING IMAGE: bc_paidtsr-4c.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Return on Tangible Book Value
[MISSING IMAGE: bc_paidreturn-4c.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
Description of Relationship Between Company TSR and Peer Group TSR
[MISSING IMAGE: lc_regionalbank-4c.jpg]
   
Tabular List [Table Text Block]
Pay vs. Performance Financial Performance Measures
We believe the financial performance measures shown below, all of which are performance objectives used in our executive compensation program, were the most important in linking compensation actually paid to our NEOs for 2022:

Return on Tangible Book Value

Asset Quality / Performance of Loan Portfolio

Loan-to-Deposit Ratio
   
Total Shareholder Return Amount $ 82.36 142.87 114.43
Peer Group Total Shareholder Return Amount 106.02 117.08 87.9
Net Income (Loss) $ 110,512,000 $ 109,511,000 $ 84,369,000
Company Selected Measure Amount 13 16.9 15.5
PEO Name Scott F. Kavanaugh    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Tangible Book Value    
Non-GAAP Measure Description [Text Block]
(5)
We determined Return on Tangible Book Value was the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and non-PEO NEOs in 2022. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Asset Quality / Performance of Loan Portfolio    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Loan-to-Deposit Ratio    
PEO [Member] | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (510,000) $ (435,000) $ (363,000)
PEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 264,981 453,626 381,850
PEO [Member] | Year-End Fair Value of Equity Awards Granted During the Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 157,659 257,674 280,811
PEO [Member] | Change in Fair Value from Last Day of Year of Unvested EquityAwards Granted in Prior years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (54,577) 34,907 11,491
PEO [Member] | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 145,006 121,000 108,671
PEO [Member] | Change In Fair Value Of Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards Granted In Prior Years That Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 16,893 40,045 (19,123)
Non-PEO NEO [Member] | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (20,386) (137,000) (99,880)
Non-PEO NEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 13,358 142,684 99,471
Non-PEO NEO [Member] | Year-End Fair Value of Equity Awards Granted During the Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 7,065 79,801 76,311
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Year of Unvested EquityAwards Granted in Prior years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,300) 12,476 2,736
Non-PEO NEO [Member] | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 30,314 37,471 31,268
Non-PEO NEO [Member] | Change In Fair Value Of Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards Granted In Prior Years That Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,905 $ 12,936 (5,509)
Non-PEO NEO [Member] | Average Fair Value At Last Day Of Prior Year Of Equity Awards Granted In Prior Years That Forfeited During Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (24,626)   $ (5,335)