Pay vs Performance Disclosure


																			Value of Initial Fixed $100 Investment Based On

	Summary Compensation Table Total for Principal Executive Officer (PEO)				Compensation Actually Paid to PEO (3)				SUPPLEMENTAL Adjusted Compensation Actually Paid to PEO (3a)				Average Summary Compensation Table Total for Non-PEO NEOs		Average Compensation Actually Paid to Non-PEO NEOs (4)		SUPPLEMENTAL Adjusted Average Compensation Actually Paid to Non-PEO NEOs (4a)		Company Total Shareholder Return (TSR)		Peer Group TSR (5)		Net Income		Company Selected Measure (CSM): Return on Assets
Year	First CEO (1)		Second CEO (2)		First (CEO) (1)		Second CEO (2)		First (CEO) (1)		Second (CEO) (2)
2025	$	3,048,597	$	2,190,564	$	3,223,034	$	2,260,398	$	3,390,880	$	2,355,785	$	1,253,882	$	1,290,994	$	977,935	$	177	$	174	$	158,277	1.76%
2024	2,035,648		N/A		2,186,396		N/A		2,518,654		N/A		819,697		858,280		937,159		161		150		132,623		1.52%
2023	2,768,600		N/A		2,880,632		N/A		2,392,416		N/A		958,560		980,986		877,751		148		120		124,927		1.48%
2022	2,364,896		N/A		2,335,804		N/A		2,418,465		N/A		858,843		857,332		859,071		139		120		120,509		1.49%
2021	2,010,211		N/A		2,170,717		N/A		2,796,186		N/A		722,088		785,171		863,006		126		139		118,534		1.53%

(1) Amounts reported in this column and others related to the “First CEO” are for Christopher J. Murphy III, who served as Chief Executive Officer of the Company until his transition to Executive Chairman on October 1, 2025. The dollar amounts reported in this column are the amounts of total compensation reported for Christopher J. Murphy III for each corresponding year in the “Total” column of the Summary Compensation Table (“SCT”) as set forth in the definitive proxy statement of the Company covering the fiscal year indicated, as filed with the SEC.

(2) Amounts reported in this column and others related to the “Second CEO” are for Andrea G. Short, who succeeded Christopher J. Murphy III as Chief Executive Officer of the Company upon Christopher J. Murphy III’s transition to Executive Chairman. The dollar amounts reported in this column are the amounts of total compensation reported for Andrea G. Short for 2025 in the “Total” column of the Summary Compensation Table (“SCT”) as set forth in this proxy statement. See “Executive Compensation - Executive Compensation Tables - Summary Compensation Table for 2025.”

(3) The dollar amounts reported in these columns represent the amount of “compensation actually paid” to Christopher J. Murphy III and Andrea G. Short, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Christopher J. Murphy III and Andrea G. Short during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Christopher J. Murphy III’s and Andrea G. Short’s total compensation for each year to determine the compensation actually paid: Deductions are grant-date fair values of equity awards shown in the SCT.


Year*	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total		Additions to SCT Total		CAP
First CEO
2025	$	855,385	$	2,002,931	$	190,281	$	3,048,597	$	(1,003,281)	$	1,177,718	$	3,223,034
2024	836,538		1,014,280		184,830		2,035,648		(326,430)		477,178		2,186,396
2023	821,495		1,766,376		180,729		2,768,600		(1,158,576)		1,270,608		2,880,632
2022	810,000		1,397,304		157,592		2,364,896		(449,554)		420,462		2,335,804
2021	808,269		1,062,804		139,138		2,010,211		(235,254)		395,760		2,170,717

Second CEO
2025	$	526,346	$	1,531,127	$	133,091	$	2,190,564	$	(1,054,977)	$	1,124,811	$	2,260,398

*Supporting detail for the additions for each year is provided in the supplemental tables indicated for each year below.

(3a) The Committee believes the CAP amounts are distorted from a pay vs. performance standpoint due to the required timing for inclusion of the annual and long-term EIP equity components as well as the inclusion of the long-term cash award. Thus the Committee has redistributed these amounts to calculate supplemental adjusted CAP amounts for the PEO as follows.


SUPPLEMENTAL
Year*	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Reclass Current Year LTEIP Cash Award**		Less: Prior Year EIP/LTEIP Equity Awards		Current Year EIP Equity Award		Prorated Current Year LTEIP Equity Award**		Other Additions to CAP Total		SUPPLEMENTAL Adjusted CAP
First CEO
2025	$	855,385	$	2,002,931	$	190,281	$	3,048,597	$	(113,674)	$	(376,481)	$	405,150	$	196,505	$	230,783	$	3,390,880
2024	836,538		1,014,280		184,830		2,035,648		60,884		(326,430)		376,450		182,585		189,517		2,518,654
2023	821,495		1,766,376		180,729		2,768,600		52,789		(1,157,576)		326,400		158,310		243,893		2,392,416
2022	810,000		1,397,304		157,592		2,364,896		(156,584)		(449,554)		408,550		280,249		(29,092)		2,418,465
2021	808,269		1,062,804		139,138		2,010,211		102,792		(235,254)		449,554		308,376		160,507		2,796,186

Second CEO
2025	$	526,346	$	1,531,127	$	133,091	$	2,190,564	$	(45,820)	$	(120,525)	$	145,150	$	84,202	$	102,214	$	2,355,785

*Supporting detail for the additions for each year is provided in the supplemental tables indicated for each year below.

**2023 to 2025 allocated amounts based on 2023-2025 annual awards.

Supplemental Detail — PEO 2025. The additions to the PEO SCT total and adjusted SCT total for 2025 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/25		Change in Value of Prior Years’ Awards Unvested at 12/31/25		Change in Value of Prior Years’ Awards That Vested in FY 2025		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/25		Equity Value Included in Adjusted CAP
First CEO
BV Shares	$	376,481	$	137,718	$	—	$	514,199	$	58,246	$	195,964
MV Shares	626,800		36,719		—		663,519		(1,900)		34,819
Total	$	1,003,281	$	174,437	$	—	$	1,177,718	$	56,346	$	230,783

Second CEO
BV Shares	$	428,177	$	44,689	$	—	$	472,866	$	34,279	$	78,968
MV Shares	626,800		12,166		12,980		651,946		(1,900)		23,246
Total	$	1,054,977	$	56,855	$	12,980	$	1,124,812	$	32,379	$	102,214

Supplemental Detail — PEO 2024. The additions to the PEO SCT total and adjusted SCT total for 2024 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/24		Change in Value of Prior Years’ Awards Unvested at 12/31/24		Change in Value of Prior Years’ Awards That Vested in FY 2024		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/24		Equity Value Included in Adjusted CAP
BV Shares	$	326,430	$	101,116	$	—	$	427,546	$	38,769	$	139,885
MV Shares	—		49,632		—		49,632		—		49,632
Total	$	326,430	$	150,748	$	—	$	477,178	$	38,769	$	189,517

Supplemental Detail — PEO 2023. The additions to the PEO SCT total and adjusted SCT total for 2023 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/23		Change in Value of Prior Years’ Awards Unvested at 12/31/23		Change in Value of Prior Years’ Awards That Vested in FY 2023		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/23		Equity Value Included in Adjusted CAP
BV Shares	$	408,566	$	102,517	$	—	$	511,083	$	63,664	$	166,181
MV Shares	750,009		9,516		—		759,525		68,196		77,712
Total	$	1,158,575	$	112,033	$	—	$	1,270,608	$	131,860	$	243,893

Supplemental Detail — PEO 2022. The additions to the PEO SCT total and adjusted SCT total for 2022 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/22		Change in Value of Prior Years’ Awards Unvested at 12/31/22		Change in Value of Prior Years’ Awards That Vested in FY 2022		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/22		Equity Value Included in Adjusted CAP
BV Shares	$	425,280	$	(31,600)	$	—	$	393,680	$	(24,274)	$	(55,874)
MV Shares	—		26,782		—		26,782		—		26,782
Total	$	425,280	$	(4,818)	$	—	$	420,462	$	(24,274)	$	(29,092)

Supplemental Detail — PEO 2021. The additions to the PEO SCT total and adjusted SCT total for 2021 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/21		Change in Value of Prior Years’ Awards Unvested at 12/31/21		Change in Value of Prior Years’ Awards That Vested in FY 2021		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/22		Equity Value Included in Adjusted CAP
BV Shares	$	249,464	$	36,203	$	—	$	285,667	$	14,211	$	50,414
MV Shares	—		110,093		—		110,093		—		110,093
Total	$	249,464	$	146,296	$	—	$	395,760	$	14,211	$	160,507


Year*	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total		Additions to SCT Total		CAP
2025	$	379,872	$	827,096	$	46,914	$	1,253,882	$	(453,263)	$	490,375	$	1,290,994
2024	405,769		342,234		71,694		819,697		(86,347)		124,930		858,280
2023	384,040		505,425		69,095		958,560		(278,400)		300,826		980,986
2022	359,529		437,246		62,068		858,843		(108,555)		107,044		857,332
2021	334,423		333,720		53,945		722,088		(113,051)		176,134		785,171

*Supporting detail for the additions for each year is provided in the supplemental tables indicated for each year below.

(4a) The Committee believes the CAP amounts are distorted from a pay vs. performance standpoint due to the required timing for inclusion of the annual and long-term EIP equity components as well as the inclusion of the long-term cash award. Thus the Committee has redistributed these amounts to calculate supplemental adjusted CAP amounts for the non-PEO NEOs as follows.


SUPPLEMENTAL

Year*	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Reclass Current Year LTEIP Cash Award**		Less: Prior Year EIP/LTEIP Equity Awards		Current Year EIP Equity Award		Prorated Current Year LTEIP Equity Award**		Other Additions to CAP Total		SUPPLEMENTAL Adjusted CAP
2025	$	379,872	$	827,096	$	46,914	$	1,253,882	$	(35,556)	$	(453,263)	$	111,767	$	51,544	$	49,561	$	977,935
2024	405,769		342,234		71,694		819,697		18,479		(86,347)		93,413		43,079		48,838		937,159
2023	384,040		505,425		69,095		958,560		17,077		(278,400)		86,325		39,811		54,378		877,751
2022	359,529		437,246		62,068		858,843		(47,573)		(108,555)		102,263		55,604		(1,511)		859,071
2021	334,423		333,720		53,945		722,088		23,304		(113,051)		108,555		59,026		63,084		863,006

*Supporting detail for the additions for each year is provided in the supplemental tables indicated for each year below.

**2023 to 2025 amounts allocated based on 2023-2025 annual awards.

Supplemental Detail — Non-PEO 2025. The additions to the average non-PEO SCT total and adjusted SCT total for 2025 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/25		Change in Value of Prior Years’ Awards Unvested at 12/31/25		Change in Value of Prior Years’ Awards That Vested in FY 2025		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/25		Equity Value Included in Adjusted CAP
BV Shares	$	87,630	$	26,939	$	—	$	114,569	$	13,557	$	40,496
MV Shares	365,633		5,447		4,726		375,806		(1,108)		9,065
Total	$	453,263	$	32,386	$	4,726	$	490,375	$	12,449	$	49,561

Supplemental Detail — Non-PEO 2024. The additions to the average non-PEO SCT total and adjusted SCT total for 2024 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/24		Change in Value of Prior Years’ Awards Unvested at 12/31/24		Change in Value of Prior Years’ Awards That Vested in FY 2024		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/24		Equity Value Included in Adjusted CAP
BV Shares	$	86,346	$	24,476	$	—	$	110,822	$	10,255	$	34,730
MV Shares	—		13,947		161		14,108		—		14,108
Total	$	86,346	$	38,423	$	161	$	124,930	$	10,255	$	48,838

Supplemental Detail — Non-PEO 2023. The additions to the average non-PEO SCT total and adjusted SCT total for 2023 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/23		Change in Value of Prior Years’ Awards Unvested at 12/31/23		Change in Value of Prior Years’ Awards That Vested in FY 2023		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/23		Equity Value Included in Adjusted CAP
BV Shares	$	102,282	$	23,779	$	—	$	126,061	$	15,938	$	39,717
MV Shares	176,118		4,721		(6,074)		174,765		16,014		14,661
Total	$	278,400	$	28,500	$	(6,074)	$	300,826	$	31,952	$	54,378

Supplemental Detail — Non-PEO 2022. The additions to the average non-PEO SCT total and adjusted SCT total for 2022 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/22		Change in Value of Prior Years’ Awards Unvested at 12/31/22		Change in Value of Prior Years’ Awards That Vested in FY 2022		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/22		Equity Value Included in Adjusted CAP
BV Shares	$	102,693	$	(6,860)	$	—	$	95,833	$	(5,862)	$	(12,722)
MV Shares	—		14,246		(3,035)		11,211		—		11,211
Total	$	102,693	$	7,386	$	(3,035)	$	107,044	$	(5,862)	$	(1,511)

Supplemental Detail — Non-PEO 2021. The additions to the average non-PEO SCT total and adjusted SCT total for 2021 were computed as follows:


									SUPPLEMENTAL		SUPPLEMENTAL
	(a)		(b)		(c)		(d) = (a) + (b) + (c)		(e)		(f) = (b) + (c) + (e)
	Fair Value of Current Year Equity Awards at 12/31/21		Change in Value of Prior Years’ Awards Unvested at 12/31/21		Change in Value of Prior Years’ Awards That Vested in FY 2021		Equity Value Included in CAP		Change in Value of Current Year’s Awards Unvested at 12/31/22		Equity Value Included in Adjusted CAP
BV Shares	$	59,847	$	7,444	$	—	$	67,291	$	3,409	$	10,853
MV Shares	62,000		43,050		3,793		108,843		5,388		52,231
Total	$	121,847	$	50,494	$	3,793	$	176,134	$	8,797	$	63,084

The Company had a Total Shareholder Return of approximately 40% from year-end 2021 to year-end 2025 while CAP for the first CEO increased approximately 48% and CAP for the non-PEO NEO’s increased approximately 64% over the same period. Overall after taking into account the impact of the timing of payment of long-term EIP awards, the stock portion of annual EIP awards, and promotional/transitional stock awards on CAP, the Committee believes the changes in CAP are consistent with the TSR over this period.

The Committee believes a comparison of adjusted CAP versus TSR is more appropriate than a comparison of CAP versus TSR. As noted above the Committee believes the CAP amounts are distorted from a pay vs. performance standpoint due to the required timing for inclusion of the annual and long-term EIP equity components as well as the inclusion of the long-term cash award. Thus it has redistributed these amounts in the table below to illustrate adjusted CAP amounts. As shown in the chart below, the PEO and other NEOs’ adjusted CAP amounts are aligned with the Company’s TSR. Adjusted CAP amounts for 2021 were higher due to the higher relative performance vs. EIP goals that year. All of the PEO’s EIP goals and the majority of non-PEO NEO EIP goals are quantitative Company-level goals. Overall, adjusted CAP amounts have increased over the five-year period as has TSR.

The Company had an increase in net income of approximately 35% from 2021 to 2025 while CAP for the first CEO increased approximately 48% and CAP for the non-PEO NEO’s increased approximately 64% over the same period. Overall after taking into account the impact of the timing of payment of long-term EIP awards, the stock portion of annual EIP awards and promotional/transitional stock awards on CAP, the Committee believes the changes in CAP are consistent with the TSR over this period.

The Committee believes a comparison of adjusted CAP versus net income is more appropriate than a comparison of CAP versus net income. As noted above the Committee believes the CAP amounts are distorted from a pay vs. performance standpoint due to the required timing for inclusion of the annual and long-term EIP equity components as well as the inclusion of the long-term cash award. Thus it has redistributed these amounts as shown in the table below to illustrate adjusted CAP amounts. As shown in the chart below, the PEO and other NEOs’ adjusted CAP amounts are aligned with the Company’s net income growth. Adjusted CAP amounts for 2021 were higher due to the higher relative performance vs. EIP goals that year. All of the PEO’s EIP goals and the majority of non-PEO NEO EIP goals are quantitative Company-level goals. Overall, adjusted CAP amounts have increased over the five-year period as has net income.

The Company had an improvement in Return on Average Assets (ROA) of approximately 15% from 2021 to 2025 while CAP for the first CEO increased approximately 48% and CAP for the non-PEO NEO’s increased approximately 64% over the same period. Overall after taking into account the impact of the timing of payment of long-term EIP awards, the stock portion of annual EIP awards and promotional/transitional stock awards on CAP, the Committee believes the changes in CAP are consistent with the ROA over this period.

The Committee believes a comparison of adjusted CAP versus ROA (the Company-Selected Measure) is more appropriate than a comparison of CAP versus ROA. As noted above the Committee believes the CAP amounts are distorted from a pay vs. performance standpoint due to the required timing for inclusion of the annual and long-term EIP equity components as well as the inclusion of the long-term cash award. Thus it has redistributed these amounts as shown in the table below to illustrate adjusted CAP amounts. As shown in the chart below, the PEO and other NEOs’ adjusted CAP amounts are aligned with the Company’s ROA trend. Adjusted CAP amounts for 2021 were higher due to the higher relative performance vs. EIP goals that year, which also was the highest ROA in the three-year period. All of the PEO’s EIP goals and the majority of non-PEO NEO EIP goals are quantitative Company-level goals. Overall, adjusted CAP amounts have increased over the five-year period as has ROA.

The Company has achieved Total Shareholder Return of 76.56% over the five year period ending in 2025 compared to its peer group’s return of 74.43%. The Committee believes this is attributable to its consistent financial performance equal to or superior to most peers over these periods as discussed in the Company Performance section above as well as the Company Performance section of prior proxy statements covering the prior years included above.

c.Expense to revenue ratio