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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
​
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K under the Exchange Act, we are providing the following information about the relationship between the compensation actually paid to our NEOs and certain financial performance of the Company. The compensation actually paid to our NEOs as reported in this section of the Proxy Statement does not reflect the actual amount of compensation earned by or paid to the NEOs, but is a calculation derived from the total compensation reported for the NEOs in the Summary Compensation Table, as adjusted pursuant to the requirements of 402(v) of Regulation S-K under the Exchange Act. For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation — Compensation Discussion and Analysis.”
​
Year
​ ​
Summary
Compensation
Table Total for
PEO1
($)
 ​ ​
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)
 ​ ​
(i)
 ​
​
2024
​ ​ ​ ​ $3,317,486 ​ ​ ​ ​ ​ $3,451,227 ​ ​ ​ ​ ​ $1,396,325 ​ ​ ​ ​ ​ $1,428,683 ​ ​ ​ ​ ​ $105.64 ​ ​ ​ ​ ​ $105.54 ​ ​ ​ ​ ​ $228,830 ​ ​ ​ ​ ​ 1.36% ​ ​
​
2023
​ ​ ​ ​ 3,357,573 ​ ​ ​ ​ ​ 3,577,195 ​ ​ ​ ​ ​ 1,470,573 ​ ​ ​ ​ ​ 1,523,107 ​ ​ ​ ​ ​ 111.90 ​ ​ ​ ​ ​ 115.69 ​ ​ ​ ​ ​ 255,863 ​ ​ ​ ​ ​ 1.55% ​ ​
​
2022
​ ​ ​ ​ 2,796,717 ​ ​ ​ ​ ​ 2,914,230 ​ ​ ​ ​ ​ 1,080,809 ​ ​ ​ ​ ​ 1,198,172 ​ ​ ​ ​ ​ 109.28 ​ ​ ​ ​ ​ 116.15 ​ ​ ​ ​ ​ 217,612 ​ ​ ​ ​ ​ 1.36% ​ ​
​
2021
​ ​ ​ ​ 3,054,247 ​ ​ ​ ​ ​ 2,571,457 ​ ​ ​ ​ ​ 1,247,560 ​ ​ ​ ​ ​ 1,170,400 ​ ​ ​ ​ ​ 105.70 ​ ​ ​ ​ ​ 124.78 ​ ​ ​ ​ ​ 205,160 ​ ​ ​ ​ ​ 1.37% ​ ​
​
2020
​ ​ ​ ​ 2,440,084 ​ ​ ​ ​ ​ 1,964,427 ​ ​ ​ ​ ​ 883,456 ​ ​ ​ ​ ​ 820,921 ​ ​ ​ ​ ​ 73.10 ​ ​ ​ ​ ​ 91.32 ​ ​ ​ ​ ​ 155,810 ​ ​ ​ ​ ​ 1.05% ​ ​
​
1.
The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Brown (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation — Executive Compensation Tables — Summary Compensation Table.”
​
2.
The dollar amounts reported in column (c) represent the amount of  “compensation actually paid” to Mr. Brown in accordance with the requirements of Item 402(v) of Regulation S-K under the Exchange Act. The following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table to determine the compensation actually paid in 2024:
​
​ ​ ​ ​
Reported Summary
Compensation
Table Total for
PEO
($)
 ​ ​
Reported
Value of
Equity
Awards
(A)
($)
 ​ ​
Equity Award
Adjustments
(B)
($)
 ​ ​
Reported
Change in the
Actuarial Pension
Benefits
(C)
($)
 ​ ​
Pension Benefit
Adjustments
(D)
($)
 ​ ​
Compensation
Actually Paid
to PEO
($)
 ​
​
2024
​ ​ ​ ​ 3,317,486 ​ ​ ​ ​ ​ (1,127,102) ​ ​ ​ ​ ​ 1,311,198 ​ ​ ​ ​ ​ (156,975) ​ ​ ​ ​ ​ 106,620 ​ ​ ​ ​ ​ 3,451,227 ​ ​
​
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity award granted that is outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any award granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​
​ ​ ​ ​
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
 ​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 664,720 ​ ​ ​ ​ ​ 70,857 ​ ​ ​ ​ ​ 563,551 ​ ​ ​ ​ ​ 12,070 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,311,198 ​ ​
​
(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.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by Mr. Brown during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
​
​ ​ ​ ​
Service Cost
​ ​
Prior Service Cost
​ ​
Total Pension Benefit
Adjustments
​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 106,620 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 106,620 ​ ​
​
3.
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Brown, who has served as our CEO since 2018) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Brown) included for purposes of calculating the average amounts in each applicable year are as follows:
​
​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​
​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​
​
Andrew Hauck
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​
​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​
​
John M. Gavigan
​ ​
John M. Gavigan
​ ​
John M. Gavigan
​ ​
Amanda N. Neeley
​ ​
Amanda N. Neeley
​
​ ​ ​ ​
Andrew Hauck
​ ​ ​ ​ ​
John M. Gavigan
​ ​ ​ ​
​ ​ ​ ​
Catherine Myers
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
4.
The dollar amounts reported in column (e) represent the average amount of  “compensation actually paid” to the NEOs as a group (excluding Mr. Brown). In accordance with the requirements of Item 402(v) of Regulation S-K under the Exchange Act, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Brown) to determine the compensation actually paid, using the same methodology described above in Note 2:
​
​
Year
​ ​
Average Reported
Summary
Compensation
Table Total For
Non-PEO NEOs
($)
 ​ ​
Average
Reported
Value Equity
($)
 ​ ​
Average Equity
Award
Adjustments
($)
 ​ ​
Average
Reported
Change in the
Actuarial Present
Value of Pension
($)
 ​ ​
Average
Pension
($)
 ​ ​
Average
Compensation
Actually
Paid to NEOs
($)
 ​
​
2024
​ ​ ​ ​ 1,396,325 ​ ​ ​ ​ ​ (355,036) ​ ​ ​ ​ ​ 414,026 ​ ​ ​ ​ ​ (76,580) ​ ​ ​ ​ ​ 49,948 ​ ​ ​ ​ ​ 1,428,683 ​ ​
​
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to
​
fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​
Year
​ ​
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
($)
 ​ ​
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
($)
 ​ ​
Total Equity
Award
Adjustments
($)
 ​
​
2024
​ ​ ​ ​ 339,598 ​ ​ ​ ​ ​ 24,059 ​ ​ ​ ​ ​ 47,306 ​ ​ ​ ​ ​ 3,063 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 414,026 ​ ​
​
(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.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by the NEOs during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. 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
($)
 ​
​
2024
​ ​ ​ ​ 49,948 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 49,948 ​ ​
​
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 (in thousands) 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
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
​ ​
2023
​ ​
2024
​
​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​ ​
James M. Anderson
​
​
Andrew Hauck
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​ ​
Richard S. Dennen
​
​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​ ​
Karen B. Woods
​
​
John M. Gavigan
​ ​
John M. Gavigan
​ ​
John M. Gavigan
​ ​
Amanda N. Neeley
​ ​
Amanda N. Neeley
​
​ ​ ​ ​
Andrew Hauck
​ ​ ​ ​ ​
John M. Gavigan
​ ​ ​ ​
​ ​ ​ ​
Catherine Myers
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
       
Peer Group Issuers, Footnote
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 $ 3,317,486 $ 3,357,573 $ 2,796,717 $ 3,054,247 $ 2,440,084
PEO Actually Paid Compensation Amount $ 3,451,227 3,577,195 2,914,230 2,571,457 1,964,427
Adjustment To PEO Compensation, Footnote
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 under the Exchange Act. The following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table to determine the compensation actually paid in 2024:
​
​ ​ ​ ​
Reported Summary
Compensation
Table Total for
PEO
($)
 ​ ​
Reported
Value of
Equity
Awards
(A)
($)
 ​ ​
Equity Award
Adjustments
(B)
($)
 ​ ​
Reported
Change in the
Actuarial Pension
Benefits
(C)
($)
 ​ ​
Pension Benefit
Adjustments
(D)
($)
 ​ ​
Compensation
Actually Paid
to PEO
($)
 ​
​
2024
​ ​ ​ ​ 3,317,486 ​ ​ ​ ​ ​ (1,127,102) ​ ​ ​ ​ ​ 1,311,198 ​ ​ ​ ​ ​ (156,975) ​ ​ ​ ​ ​ 106,620 ​ ​ ​ ​ ​ 3,451,227 ​ ​
​
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity award granted that is outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any award granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​ ​ ​ ​
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
 ​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 664,720 ​ ​ ​ ​ ​ 70,857 ​ ​ ​ ​ ​ 563,551 ​ ​ ​ ​ ​ 12,070 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,311,198 ​ ​
​
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by Mr. Brown during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
​ ​ ​ ​
Service Cost
​ ​
Prior Service Cost
​ ​
Total Pension Benefit
Adjustments
​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 106,620 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 106,620 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 1,396,325 1,470,573 1,080,809 1,247,560 883,456
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,428,683 1,523,107 1,198,172 1,170,400 820,921
Adjustment to Non-PEO NEO Compensation Footnote
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 under the Exchange Act, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Brown) 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
($)
 ​ ​
Average
Reported
Value Equity
($)
 ​ ​
Average Equity
Award
Adjustments
($)
 ​ ​
Average
Reported
Change in the
Actuarial Present
Value of Pension
($)
 ​ ​
Average
Pension
($)
 ​ ​
Average
Compensation
Actually
Paid to NEOs
($)
 ​
​
2024
​ ​ ​ ​ 1,396,325 ​ ​ ​ ​ ​ (355,036) ​ ​ ​ ​ ​ 414,026 ​ ​ ​ ​ ​ (76,580) ​ ​ ​ ​ ​ 49,948 ​ ​ ​ ​ ​ 1,428,683 ​ ​
​
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to
fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​
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
($)
 ​
​
2024
​ ​ ​ ​ 339,598 ​ ​ ​ ​ ​ 24,059 ​ ​ ​ ​ ​ 47,306 ​ ​ ​ ​ ​ 3,063 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 414,026 ​ ​
​
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by the NEOs during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
​
Year
​ ​
Average Service
Cost
($)
 ​ ​
Average Prior Service
Cost
($)
 ​ ​
Average Total Pension
Benefit Adjustments
($)
 ​
​
2024
​ ​ ​ ​ 49,948 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 49,948 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_captsr-pn.jpg]        
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_capnetincome-pn.jpg]        
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_capreturnassets-pn.jpg]        
Total Shareholder Return Vs Peer Group
The following chart compares our cumulative TSR over the four most recently completed fiscal years to that of the KBW Regional Bank Index over the same period.1
[MISSING IMAGE: lc_comparison-pn.jpg]
1.
The table assumes $100 invested on December 31, 2019 and all dividends reinvested.
       
Tabular List, Table
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 $ 105.64 111.9 109.28 105.7 73.1
Peer Group Total Shareholder Return Amount 105.54 115.69 116.15 124.78 91.32
Net Income (Loss) $ 228,830,000 $ 255,863,000 $ 217,612,000 $ 205,160,000 $ 155,810,000
Company Selected Measure Amount 1.36 1.55 1.36 1.37 1.05
PEO Name Mr. Brown        
Pension Benefits Adjustments, Footnote
(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.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by Mr. Brown during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
​ ​ ​ ​
Service Cost
​ ​
Prior Service Cost
​ ​
Total Pension Benefit
Adjustments
​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 106,620 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 106,620 ​ ​
(C)
The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table.
​
(D)
The total pension benefit adjustment includes the aggregate of two components: (i) the actuarially determined service cost for services rendered by the NEOs during the year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
​
Year
​ ​
Average Service
Cost
($)
 ​ ​
Average Prior Service
Cost
($)
 ​ ​
Average Total Pension
Benefit Adjustments
($)
 ​
​
2024
​ ​ ​ ​ 49,948 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 49,948 ​ ​
       
Equity Awards Adjustments, Footnote
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity award granted that is outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any award granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​ ​ ​ ​
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
 ​
​
Year
​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​ ​
($)
 ​
​
2024
​ ​ ​ ​ 664,720 ​ ​ ​ ​ ​ 70,857 ​ ​ ​ ​ ​ 563,551 ​ ​ ​ ​ ​ 12,070 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 1,311,198 ​ ​
(A)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
​
(B)
The equity award adjustment includes the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the year, the amount equal to the change as of the vesting date (from the end of the prior fiscal 2 year) in fair value; (v) for awards granted in prior years that are determined to
fail to meet the applicable vesting conditions during the year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
​
Year
​ ​
Year End Fair
Value of Equity
Awards
Granted in
Year and
Unvested at
Year-End
($)
 ​ ​
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
($)
 ​ ​
Total Equity
Award
Adjustments
($)
 ​
​
2024
​ ​ ​ ​ 339,598 ​ ​ ​ ​ ​ 24,059 ​ ​ ​ ​ ​ 47,306 ​ ​ ​ ​ ​ 3,063 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 0 ​ ​ ​ ​ ​ 414,026 ​ ​
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Return on Assets        
Non-GAAP Measure Description
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:: 2          
Pay vs Performance Disclosure          
Name Classified Assets as a percentage of Total Assets        
Measure:: 3          
Pay vs Performance Disclosure          
Name Earnings per Share Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (156,975)        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 106,620        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 106,620        
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,127,102)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,311,198        
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 664,720        
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 70,857        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 563,551        
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 12,070        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (76,580)        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 49,948        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
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 (355,036)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 414,026        
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 339,598        
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 24,059        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 47,306        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,063        
Non-PEO NEO | Pension Adjustments Service Cost [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 49,948