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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100
Investment Based On:
Year
Summary
Compensation
Table Total for
CEO
(1)
Compensation
Actually Paid
to CEO
(1)(2)
Average
Summary
Compensation
Table for
Non-CEO
Named
Executive
Officers
(2)
Average
Summary
Compensation
Actually Paid
to Non-CEO
Named
Executive
Officers
(3)
Total
Shareholder
Return
(4)
Peer Group
Total
Shareholder
Return
(5)
Net Income
($ millions)
Company
Selected
Measure:
Earnings Per
Share ($)
2024
$ 2,678,922 $ 1,363,785 $ 1,261,187 $ 1,020,455 $ 100.49 $ 123.92 $ 115.00 $ 2.15
2023
$ 2,395,804 $ 2,486,133 $ 1,271,492 $ 1,319,147 $ 96.64 $ 114.99 $ 130.50 $ 2.45
2022
$ 3,492,506 $ 3,124,239 $ 1,165,405 $ 1,074,976 $ 100.17 $ 90.81 $ 51.40 $ 1.48
2021
$ 1,747,942 $ 1,793,633 $ 655,068 $ 683,648 $ 96.87 $ 128.27 $ 81.60 $ 2.85
2020
$ 1,474,092 $ 1,424,283 $ 679,635 $ 653,648 $ 83.67 $ 107.54 $ 26.40 $ 1.57
(1)
Amounts reported are for Robert R. Franklin, Jr., who served as our Chief Executive Officer during each of the applicable fiscal years.
(2)
Our non-CEO Named Executive Officers (our “Non-CEO Named Executive Officers”) were (a) Paul P. Egge, Steven F. Retzloff, Ramon A. Vitulli, III, and Justin M. Long for 2024 (b) Paul P. Egge, Steven F. Retzloff, Ramon A. Vitulli, III, and Justin M. Long for 2023, (c) Paul P. Egge, Robert T. Pigott, Jr., Steven F. Retzloff, Ramon A. Vitulli, III, and Travis Jaggers for 2022; and (d) Robert T. Pigott and J. Pat Parsons for 2021 and 2020.
(3)
Amounts in these columns show the “Compensation Actually Paid,” as calculated in accordance with the methodology prescribed by the Pay Versus Performance Rule. The table below provides the adjustments to the Summary Compensation Table total compensation to arrive at the Compensation Actually Paid to our CEO and the average Compensation Actually Paid to our Non-CEO Named Executive Officers for the fiscal year ended December 31, 2024.
2024
CEO
Non-CEO
NEOs
(Average)
Summary Compensation Total
$ 2,678,922 $ 1,261,187
Adjustments:
Deduction for Amounts Reported under the “Stock Awards” and “Option
Awards” Columns in the Summary Compensation Table for Applicable Fiscal
Year
$ (1,088,106) $ (412,117)
Increased based on ASC Fair Value of Awards Granted during Applicable Fiscal Year that Remain Unvested as of Applicable Fiscal Year End, determined as of Applicable Fiscal Year End
$ 1,185,300 $ 454,213
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year End, determined as of Vesting Date
Increase/deduction for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Applicable Fiscal Year End
$ (1,619,979) $ (472,193)
Increase/deduction for Awards Granted during Prior Fiscal Year that Vested
During Applicable Fiscal Year, determined based on change in ASC 718 Fair
Value from Prior Fiscal Year End to Vesting Date
$ 207,648 $ 189,365
Total Adjustments
$ (1,315,137) $ (240,731)
Total Compensation Actually Paid
$ 1,363,785 $ 1,020,455
For purposes of the foregoing adjustments, the value of equity awards was determined as follows: i) for RSAs, the closing price of our common stock on the fiscal year-end date, or, in the case of vesting RSAs, the closing price of our common stock on the applicable vesting date; and (ii) for unvested PSAs/ PSUs as of fiscal year-end, the estimate of the most probable aggregate compensation cost to be recognized over the requisite service period determined as of fiscal year-end under ASC Topic 718, calculated by an outside professional valuation consultant using a Monte-Carlo simulation model.
(4)
Our total shareholder return is calculated, for each fiscal year, as the cumulative total shareholder return on our common stock from January 1, 2020, through the last day of the applicable fiscal year, assuming that $100 was invested beginning January 1, 2020. Amounts shown include reinvestment of dividends on the Company’s common stock.
(5)
Peer TSR for 2024 reflects the TSR of the S&P 600, the industry peer group reported in the Company’s Stock Performance Group in the 2024 Annual Report on Form 10-K. Peer TSR for 2020, 2021, 2022, and 2023 reflects the TSR of the Nasdaq Bank Index, the industry peer group reported in the Company’s Stock Performance Group in the Annual Report on Form 10-K for those fiscal years.
       
Company Selected Measure Name Earnings Per Share        
Named Executive Officers, Footnote
(1)
Amounts reported are for Robert R. Franklin, Jr., who served as our Chief Executive Officer during each of the applicable fiscal years.
(2)
Our non-CEO Named Executive Officers (our “Non-CEO Named Executive Officers”) were (a) Paul P. Egge, Steven F. Retzloff, Ramon A. Vitulli, III, and Justin M. Long for 2024 (b) Paul P. Egge, Steven F. Retzloff, Ramon A. Vitulli, III, and Justin M. Long for 2023, (c) Paul P. Egge, Robert T. Pigott, Jr., Steven F. Retzloff, Ramon A. Vitulli, III, and Travis Jaggers for 2022; and (d) Robert T. Pigott and J. Pat Parsons for 2021 and 2020.
       
Peer Group Issuers, Footnote
(5)
Peer TSR for 2024 reflects the TSR of the S&P 600, the industry peer group reported in the Company’s Stock Performance Group in the 2024 Annual Report on Form 10-K.
       
PEO Total Compensation Amount $ 2,678,922 $ 2,395,804 $ 3,492,506 $ 1,747,942 $ 1,474,092
PEO Actually Paid Compensation Amount $ 1,363,785 2,486,133 3,124,239 1,793,633 1,424,283
Adjustment To PEO Compensation, Footnote
(3)
Amounts in these columns show the “Compensation Actually Paid,” as calculated in accordance with the methodology prescribed by the Pay Versus Performance Rule. The table below provides the adjustments to the Summary Compensation Table total compensation to arrive at the Compensation Actually Paid to our CEO and the average Compensation Actually Paid to our Non-CEO Named Executive Officers for the fiscal year ended December 31, 2024.
2024
CEO
Non-CEO
NEOs
(Average)
Summary Compensation Total
$ 2,678,922 $ 1,261,187
Adjustments:
Deduction for Amounts Reported under the “Stock Awards” and “Option
Awards” Columns in the Summary Compensation Table for Applicable Fiscal
Year
$ (1,088,106) $ (412,117)
Increased based on ASC Fair Value of Awards Granted during Applicable Fiscal Year that Remain Unvested as of Applicable Fiscal Year End, determined as of Applicable Fiscal Year End
$ 1,185,300 $ 454,213
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year End, determined as of Vesting Date
Increase/deduction for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Applicable Fiscal Year End
$ (1,619,979) $ (472,193)
Increase/deduction for Awards Granted during Prior Fiscal Year that Vested
During Applicable Fiscal Year, determined based on change in ASC 718 Fair
Value from Prior Fiscal Year End to Vesting Date
$ 207,648 $ 189,365
Total Adjustments
$ (1,315,137) $ (240,731)
Total Compensation Actually Paid
$ 1,363,785 $ 1,020,455
For purposes of the foregoing adjustments, the value of equity awards was determined as follows: i) for RSAs, the closing price of our common stock on the fiscal year-end date, or, in the case of vesting RSAs, the closing price of our common stock on the applicable vesting date; and (ii) for unvested PSAs/ PSUs as of fiscal year-end, the estimate of the most probable aggregate compensation cost to be recognized over the requisite service period determined as of fiscal year-end under ASC Topic 718, calculated by an outside professional valuation consultant using a Monte-Carlo simulation model.
       
Non-PEO NEO Average Total Compensation Amount $ 1,261,187 1,271,492 1,165,405 655,068 679,635
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,020,455 1,319,147 1,074,976 683,648 653,648
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Amounts in these columns show the “Compensation Actually Paid,” as calculated in accordance with the methodology prescribed by the Pay Versus Performance Rule. The table below provides the adjustments to the Summary Compensation Table total compensation to arrive at the Compensation Actually Paid to our CEO and the average Compensation Actually Paid to our Non-CEO Named Executive Officers for the fiscal year ended December 31, 2024.
2024
CEO
Non-CEO
NEOs
(Average)
Summary Compensation Total
$ 2,678,922 $ 1,261,187
Adjustments:
Deduction for Amounts Reported under the “Stock Awards” and “Option
Awards” Columns in the Summary Compensation Table for Applicable Fiscal
Year
$ (1,088,106) $ (412,117)
Increased based on ASC Fair Value of Awards Granted during Applicable Fiscal Year that Remain Unvested as of Applicable Fiscal Year End, determined as of Applicable Fiscal Year End
$ 1,185,300 $ 454,213
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year End, determined as of Vesting Date
Increase/deduction for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Applicable Fiscal Year End
$ (1,619,979) $ (472,193)
Increase/deduction for Awards Granted during Prior Fiscal Year that Vested
During Applicable Fiscal Year, determined based on change in ASC 718 Fair
Value from Prior Fiscal Year End to Vesting Date
$ 207,648 $ 189,365
Total Adjustments
$ (1,315,137) $ (240,731)
Total Compensation Actually Paid
$ 1,363,785 $ 1,020,455
For purposes of the foregoing adjustments, the value of equity awards was determined as follows: i) for RSAs, the closing price of our common stock on the fiscal year-end date, or, in the case of vesting RSAs, the closing price of our common stock on the applicable vesting date; and (ii) for unvested PSAs/ PSUs as of fiscal year-end, the estimate of the most probable aggregate compensation cost to be recognized over the requisite service period determined as of fiscal year-end under ASC Topic 718, calculated by an outside professional valuation consultant using a Monte-Carlo simulation model.
       
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
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Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table
Other Financial Performance Measures
The most important financial performance measures used by the Company to link executive “compensation actually paid” to the Company’s Named Executive Officers, for the most recently completed fiscal year, to the Company’s performance, are as follows:
Earnings Per Share
Relative Return on Average Assets (“ROAA”) Relative Return on Average Common Equity (“ROACE”)
Relative Return on Average Tangible Common Equity (“ROATCE”)
For a discussion of how these other financial performance measures impacted the compensation actually paid to our Named Executive Officers during 2024, please see the “Executive Compensation and Other Matters — Compensation Discussion and Analysis” beginning on page 35.
       
Total Shareholder Return Amount $ 100.49 96.64 100.17 96.87 83.67
Peer Group Total Shareholder Return Amount 123.92 114.99 90.81 128.27 107.54
Net Income (Loss) $ 115,000,000 $ 130,500,000 $ 51,400,000 $ 81,600,000 $ 26,400,000
Company Selected Measure Amount | $ / shares 2.15 2.45 1.48 2.85 1.57
PEO Name Robert R. Franklin, Jr.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Earnings Per Share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative Return on Average Assets (“ROAA”) Relative Return on Average Common Equity (“ROACE”)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative Return on Average Tangible Common Equity (“ROATCE”)        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,315,137)        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,088,106)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,185,300        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,619,979)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 207,648        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (240,731)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (412,117)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 454,213        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (472,193)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 189,365