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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance Disclosure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between the compensation actually paid to our NEOs and certain financial performance of the Company. The compensation actually paid for NEOs as reported in this section of the proxy statement does not reflect the actual amount of compensation earned by or paid to the NEOs, but is a calculation derived from the total compensation reported for the NEOs in the Summary Compensation Table, as adjusted pursuant to the requirements of 402(v) of Regulation S-K. For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation—Compensation Discussion and Analysis.”
Year
Summary
Compensation
Table Total
for PEO1
($)
Compensation
Actually Paid
to PEO2
($)
Average Summary
Compensation Table
Total for Non-PEO
NEOs3
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs4
($)
Value of Initial Fixed $100
Investment Based On:
Net Income7
($)
Return on Assets
(Company Selected
Measure)8
Company TSR5
($)
Peer Group TSR6
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(j)
2022
2,796,717 2,914,230 1,080,809 1,198,172 109.28 116.15 217,612 1.36%
2021
3,054,247 2,571,457 1,247,560 1,170,400 105.70 124.78 205,160 1.37%
2020
2,440,084 1,964,427 883,456 820,921 73.10 91.32 155,810 1.05%
1.
The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Brown (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—Executive Compensation Tables—Summary Compensation Table.”
2.
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Brown in accordance with the requirements of Item 402(v) of Regulation S-K. The following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table for each year to determine the compensation actually paid:
Year
Reported
Summary
Compensation
Table Total for
PEO
Reported Value of
Equity Awards
Equity Award
Adjustments
Reported Change in
the Actuarial Present
Value of Pension
Benefits
Pension Benefit
Adjustments
Compensation
Actually Paid to PEO
(A)
(B)
(C)
(D)
($)
($)
($)
($)
($)
($)
2022
2,796,717
(948,780)
1,101,812
(48,024)
12,505
2,914,230
2021
3,054,247
(1,098,098)
695,462
(92,331)
12,177
2,571,457
2020
2,440,084
(880,010)
487,891
(95,758)
12,220
1,964,427
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year
(B)
The amounts deducted or added in calculating the equity award adjustments are as follows (the value assumptions used to calculate the fair value did not materially differ from those disclosed at the time of grant):
Year
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the Year
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior
Years that Vested in
the Year
Fair 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 Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
Total Equity Award
Adjustments
($)
($)
($)
($)
($)
($)
($)
2022
852,417 322,716 0 17,492 (90,813) 0 1,101,812
2021
856,530 (58,523) 0 0 (102,544) 0 695,462
2020
750,241 (262,350) 0 0 0 0 487,891
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year
(D)
The amounts deducted or added in calculating the pension benefit adjustments are as follows:
Year
Service Cost
Prior Service Cost
Total Pension Benefit
Adjustments
($)
($)
($)
2022
12,505 0 12,505
2021
12,177 0 12,177
2020
12,220 0 12,220
3.
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Brown, who has served as our CEO since 2018) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Brown) included for purposes of calculating the average amounts in each applicable year are as follows:
2020
2021
2022
James M. Anderson
Andrew Hauck
Karen B. Woods
John Gavigan
James M. Anderson
Richard Dennen
Karen B. Woods
John Gavigan
Andrew Hauck
Catherine Myers
James M. Anderson
Richard Dennen
Karen B. Woods
John Gavigan
4.
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Brown). In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group 3 (excluding Mr. Brown) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported
Summary
Compensation
Table Total for
Non-PEO NEOs
Average Reported
Value of Equity
Awards
Average Equity
Award Adjustments
Average Reported
Change in the
Actuarial Present
Value of Pension
Benefits
Average Pension
Benefit Adjustments
Average
Compensation
Actually Paid to NEOs
(A)
(B)
(C)
(D)
($)
($)
($)
($)
($)
($)
2022
1,080,809 (292,279) 408,600 (13,367) 14,410 $1,198,172
2021
1,247,560 (317,274) 264,212 (37,426) 13,328 $1,170,400
2020
883,456 (232,538) 197,768 (41,036) 13,271 $820,921
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year
(B)
The amounts deducted or added in calculating the equity award adjustments are as follows (the value assumptions used to calculate the fair value did not materially differ from those disclosed at the time of grant):
Year
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the Year
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Years
that Vested in the
Year
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet
Vesting Conditions in
the Year
Value of Dividends or
other Earnings Paid
on Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
Total Equity Award
Adjustments
($)
($)
($)
($)
($)
($)
($)
2022
327,852 88,598 0 1,876 (9,725) 0 408,600
2021
316,841 (42,633) 0 0 (9,996) 0 264,212
2020
198,247 2,884 0 (1,490) (1,873) 0 197,768
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year
(D)
The amounts deducted or added in calculating the pension benefit adjustments are as follows:
Year
Average Service
Cost
Average Prior Service
Cost
Average Total
Pension Benefit
Adjustments
($)
($)
($)
2022
14,410 0 14,410
2021
13,328 0 13,328
2020
13,271 0 13,271
5.
Cumulative Total Shareholder Return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
6.
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The Company uses the KBW Regional Banking Index (KBW Index) as the peer group for determining performance with each of its compensation metrics. The KBW Index is made up of approximately 50 regional banks located throughout the country that are generally within an asset and market capitalization range comparable to the Company.
7.
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
8.
While the Company uses numerous financial and nonfinancial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Return on Assets is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the company’s NEOs, for the most recently completed fiscal year, to Company performance.
   
Company Selected Measure Name Return on Assets    
Named Executive Officers, Footnote [Text Block]
1.
The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Brown (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—​Executive Compensation Tables—Summary Compensation Table.
3.
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Brown, who has served as our CEO since 2018) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Brown) included for purposes of calculating the average amounts in each applicable year are as follows:
2020
2021
2022
James M. Anderson
Andrew Hauck
Karen B. Woods
John Gavigan
James M. Anderson
Richard Dennen
Karen B. Woods
John Gavigan
Andrew Hauck
Catherine Myers
James M. Anderson
Richard Dennen
Karen B. Woods
John Gavigan
   
Peer Group Issuers, Footnote [Text Block]
6.
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The Company uses the KBW Regional Banking Index (KBW Index) as the peer group for determining performance with each of its compensation metrics. The KBW Index is made up of approximately 50 regional banks located throughout the country that are generally within an asset and market capitalization range comparable to the Company.
   
PEO Total Compensation Amount $ 2,796,717 $ 3,054,247 $ 2,440,084
PEO Actually Paid Compensation Amount $ 2,914,230 2,571,457 1,964,427
Adjustment To PEO Compensation, Footnote [Text Block]
2.
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Brown in accordance with the requirements of Item 402(v) of Regulation S-K. The following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table for each year to determine the compensation actually paid:
Year
Reported
Summary
Compensation
Table Total for
PEO
Reported Value of
Equity Awards
Equity Award
Adjustments
Reported Change in
the Actuarial Present
Value of Pension
Benefits
Pension Benefit
Adjustments
Compensation
Actually Paid to PEO
(A)
(B)
(C)
(D)
($)
($)
($)
($)
($)
($)
2022
2,796,717
(948,780)
1,101,812
(48,024)
12,505
2,914,230
2021
3,054,247
(1,098,098)
695,462
(92,331)
12,177
2,571,457
2020
2,440,084
(880,010)
487,891
(95,758)
12,220
1,964,427
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year
(B)
The amounts deducted or added in calculating the equity award adjustments are as follows (the value assumptions used to calculate the fair value did not materially differ from those disclosed at the time of grant):
Year
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the Year
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior
Years that Vested in
the Year
Fair 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 Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
Total Equity Award
Adjustments
($)
($)
($)
($)
($)
($)
($)
2022
852,417 322,716 0 17,492 (90,813) 0 1,101,812
2021
856,530 (58,523) 0 0 (102,544) 0 695,462
2020
750,241 (262,350) 0 0 0 0 487,891
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year
(D)
The amounts deducted or added in calculating the pension benefit adjustments are as follows:
Year
Service Cost
Prior Service Cost
Total Pension Benefit
Adjustments
($)
($)
($)
2022
12,505 0 12,505
2021
12,177 0 12,177
2020
12,220 0 12,220
   
Non-PEO NEO Average Total Compensation Amount $ 1,080,809 1,247,560 883,456
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,198,172 1,170,400 820,921
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
4.
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Brown). In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group 3 (excluding Mr. Brown) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported
Summary
Compensation
Table Total for
Non-PEO NEOs
Average Reported
Value of Equity
Awards
Average Equity
Award Adjustments
Average Reported
Change in the
Actuarial Present
Value of Pension
Benefits
Average Pension
Benefit Adjustments
Average
Compensation
Actually Paid to NEOs
(A)
(B)
(C)
(D)
($)
($)
($)
($)
($)
($)
2022
1,080,809 (292,279) 408,600 (13,367) 14,410 $1,198,172
2021
1,247,560 (317,274) 264,212 (37,426) 13,328 $1,170,400
2020
883,456 (232,538) 197,768 (41,036) 13,271 $820,921
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year
(B)
The amounts deducted or added in calculating the equity award adjustments are as follows (the value assumptions used to calculate the fair value did not materially differ from those disclosed at the time of grant):
Year
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the Year
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Years
that Vested in the
Year
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet
Vesting Conditions in
the Year
Value of Dividends or
other Earnings Paid
on Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
Total Equity Award
Adjustments
($)
($)
($)
($)
($)
($)
($)
2022
327,852 88,598 0 1,876 (9,725) 0 408,600
2021
316,841 (42,633) 0 0 (9,996) 0 264,212
2020
198,247 2,884 0 (1,490) (1,873) 0 197,768
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year
(D)
The amounts deducted or added in calculating the pension benefit adjustments are as follows:
Year
Average Service
Cost
Average Prior Service
Cost
Average Total
Pension Benefit
Adjustments
($)
($)
($)
2022
14,410 0 14,410
2021
13,328 0 13,328
2020
13,271 0 13,271
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Relationship Between Compensation Actually Paid and Company TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.
[MISSING IMAGE: bc_peoandaverage-pn.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
Relationship Between Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our non-PEO NEOs, and our net income during the three most recently completed fiscal years.
[MISSING IMAGE: bc_netincome-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Relationship Between Compensation Actually Paid and Return on Assets
The following chart sets forth the relationship between our Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our non-PEO NEOs, and our Return on Assets during the three most recently completed fiscal years.
[MISSING IMAGE: bc_returnassets-pn.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the KBW Regional Bank Index over the same period.1
[MISSING IMAGE: lc_cumulativetsr-pn.jpg]
1.
The table assumes $100 invested on December 31, 2019 and all dividends reinvested.
   
Tabular List [Table Text Block]
Financial Performance Measures
As described in greater detail in “Executive Compensation—Compensation Discussion and Analysis,” the metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:

Return on Assets

Classified Assets as a percentage of Total Assets

Earnings per Share Growth

Relative TSR
   
Total Shareholder Return Amount $ 109.28 105.7 73.1
Peer Group Total Shareholder Return Amount 116.15 124.78 91.32
Net Income (Loss) $ 217,612 $ 205,160 $ 155,810
Company Selected Measure Amount 1.36 1.37 1.05
PEO Name Mr. Brown Mr. Brown Mr. Brown
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Assets    
Non-GAAP Measure Description [Text Block]
8.
While the Company uses numerous financial and nonfinancial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Return on Assets is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the company’s NEOs, for the most recently completed fiscal year, to Company performance.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Classified Assets as a percentage of Total Assets    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Earnings per Share Growth    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Equity Awards $ (948,780) $ (1,098,098) $ (880,010)
PEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,101,812 695,462 487,891
PEO [Member] | Change in the Actuarial Present Value of Pension Benefits [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (48,024) (92,331) (95,758)
PEO [Member] | Total Pension Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 12,505 12,177 12,220
PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 852,417 856,530 750,241
PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 322,716 (58,523) (262,350)
PEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 17,492 0 0
PEO [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (90,813) (102,544) 0
PEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 12,505 12,177 12,220
PEO [Member] | Pension Adjustments Prior Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Equity Awards (292,279) (317,274) (232,538)
Non-PEO NEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 408,600 264,212 197,768
Non-PEO NEO [Member] | Change in the Actuarial Present Value of Pension Benefits [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (13,367) (37,426) (41,036)
Non-PEO NEO [Member] | Total Pension Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 14,410 13,328 13,271
Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 327,852 316,841 198,247
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 88,598 (42,633) 2,884
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,876 0 (1,490)
Non-PEO NEO [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (9,725) (9,996) (1,873)
Non-PEO NEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 14,410 13,328 13,271
Non-PEO NEO [Member] | Pension Adjustments Prior Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0