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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance
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, the following disclosures provide information about the relationship between executive “Compensation Actually Paid” and the Company’s performance on select financial metrics. For further information regarding our executive compensation programs and our pay-for-performance philosophy, please refer to “Compensation Discussion and Analysis”.
The following table sets forth the Compensation Actually Paid to the Company’s CEO and average Compensation Actually Paid to the Company’s other NEOs during 2020 through 2022, both as reported in the Summary Compensation Table and with certain adjustments to reflect the "Compensation Actually Paid”, as defined under SEC rules. In addition, the table provides our cumulative Total Shareholder Return (“TSR”), the cumulative TSR of our peer group TSR (using the KBW Regional Banking Index), Net Income and EPS, which is the “company selected measure” chosen for purposes of this disclosure.
 
 
 
 
 
Value of Initial Fixed $100
Investment Based On
 
 
Year
Summary
Compensation
Table Total for
CEO(1)
($)
Compensation
Actually Paid to
CEO(2)
($)
Average Summary
Compensation
Table Total for
Other NEOs(3)
($)
Average
Compensation
Actually Paid to
Other NEOs(4)
($)
TSR(5)
($)
Peer Group
TSR(6)
($)
Net Income(7)
($ thousands)
EPS(8)
($)
2022
3,114,914
3,616,618
1,096,682
1,193,156
117.46
116.15
151,995
3.52
2021
2,766,141
3,014,358
653,695
685,710
101.22
124.78
154,885
3.54
2020
2,412,229
2,249,251
815,023
703,054
81.87
91.32
104,388
2.37
(1)
The amounts shown above represent Total Compensation reported for Mr. Watt for each corresponding year in the “Total” column of the Summary Compensation Table.
(2)
The amounts shown above represent “Compensation Actually Paid” to Mr. Watt for each corresponding year, in accordance with the requirements of Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Watt during the applicable year. The adjustments in the below table were made to Mr. Watt’s total compensation in the Summary Compensation Table for each year to determine the “Compensation Actually Paid” pursuant to Item 402(v) of Regulation S-K.
(3)
These amounts reflect the average total compensation reported for the Company’s NEOs as a group (excluding Mr. Watt) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Watt) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022 Messrs. Kingsley, Stagliano and Sparks, and Ms. Mahoney; (ii) for 2021 Messrs. Kingsley, Moran and Stagliano and Mmes. Burns, Halliday and Wiles; and (iii) for 2020 Messrs. Moran, Brenner and Stagliano and Ms. Scarlett.
(4)
The amounts shown above represent “Compensation Actually Paid” to the other NEOs for each corresponding year, in accordance with the requirements of Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the other NEOs during the applicable year. The adjustments in the below table were made to the other NEOs total compensation in the Summary Compensation Table for each year to determine the “Compensation Actually Paid” pursuant to Item 402(v) of Regulation S-K.
(5)
The amounts shown above represent the Company’s cumulative TSR on an assumed investment of $100 in shares of our common stock over the indicated measurement period. The cumulative TSR reported above is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment and the difference between our share price at the end and the beginning of the indicated measurement period by our share price at the beginning of the measurement period.
(6)
The peer group for purposes of this table is the KBW Regional Banking Index (“KRX”), which is the same peer group disclosed in the Company’s Annual Report on Form 10-K.
(7)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(8)
The dollar amounts reported represent the amount of diluted earnings per share reflected in the Company’s audited financial statements for the applicable year.
The following table reconciles the Summary Compensation Table to the Pay Versus Performance Table above for the CEO. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
2022 ($)
2021 ($)
2020 ($)
Compensation from Summary Compensation Table
3,114,914
2,766,141
2,412,229
Less Grant Date Fair Value of Stock Awards in Covered Year, as reported in the Summary Compensation Table
(718,779)
(725,136)
(652,239)
Add the Fair Value of Equity Awards Granted During the Covered Year determined as of the end of the Covered Year
854,897
719,074
744,286
Add Change in Fair Value of Equity Awards Granted in Prior Years that remain outstanding and unvested at the end of the Covered Year
250,000
277,295
(240,096)
Change in Fair Value for Equity Awards Granted in Prior Years that vested in the Covered Year
97,000
51,767
2,580
Less Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year
(255,176)
(317,897)
(282,164)
Add pension value attributable to Covered Year’s service and any change in pension value attributable to plan amendments made in the Covered Year
273,762
243,114
264,655
Compensation Actually Paid
3,616,618
3,014,358
2,249,251
The following table reconciles the Summary Compensation Table to the Pay Versus Performance Table above for the other NEOs. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
2022 ($)
2021 ($)
2020 ($)
Compensation from Summary Compensation Table
1,096,682
653,695
815,023
Less Grant Date Fair Value of Stock Awards in Covered Year, as reported in the Summary Compensation Table
(275,923)
(150,859)
(212,900)
Add the Fair Value of Equity Awards Granted During the Covered Year determined as of the end of the Covered Year
332,066
154,751
242,946
Add Change in Fair Value of Equity Awards Granted in Prior Years that remain outstanding and unvested at the end of the Covered Year
29,504
55,992
(139,690)
Change in Fair Value for Equity Awards Granted in Prior Years that vested in the Covered Year
9,779
27,030
1,880
Less the fair value of any equity awards granted in a Prior Year that were forfeited in the Covered Year determined as of the end of the Prior Year
(52,969)
Less Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year
(1,535)
(5,097)
(9,208)
Add pension value attributable to Covered Year’s service and any change in pension value attributable to plan amendments made in the Covered Year
2,583
3,167
5,003
Compensation Actually Paid
1,193,156
685,710
703,054
   
Company Selected Measure Name EPS    
Named Executive Officers, Footnote [Text Block]
(3)
These amounts reflect the average total compensation reported for the Company’s NEOs as a group (excluding Mr. Watt) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Watt) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022 Messrs. Kingsley, Stagliano and Sparks, and Ms. Mahoney; (ii) for 2021 Messrs. Kingsley, Moran and Stagliano and Mmes. Burns, Halliday and Wiles; and (iii) for 2020 Messrs. Moran, Brenner and Stagliano and Ms. Scarlett.
   
Peer Group Issuers, Footnote [Text Block]
(6)
The peer group for purposes of this table is the KBW Regional Banking Index (“KRX”), which is the same peer group disclosed in the Company’s Annual Report on Form 10-K.
   
PEO Total Compensation Amount $ 3,114,914 $ 2,766,141 $ 2,412,229
PEO Actually Paid Compensation Amount $ 3,616,618 3,014,358 2,249,251
Adjustment To PEO Compensation, Footnote [Text Block]
The following table reconciles the Summary Compensation Table to the Pay Versus Performance Table above for the CEO. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
2022 ($)
2021 ($)
2020 ($)
Compensation from Summary Compensation Table
3,114,914
2,766,141
2,412,229
Less Grant Date Fair Value of Stock Awards in Covered Year, as reported in the Summary Compensation Table
(718,779)
(725,136)
(652,239)
Add the Fair Value of Equity Awards Granted During the Covered Year determined as of the end of the Covered Year
854,897
719,074
744,286
Add Change in Fair Value of Equity Awards Granted in Prior Years that remain outstanding and unvested at the end of the Covered Year
250,000
277,295
(240,096)
Change in Fair Value for Equity Awards Granted in Prior Years that vested in the Covered Year
97,000
51,767
2,580
Less Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year
(255,176)
(317,897)
(282,164)
Add pension value attributable to Covered Year’s service and any change in pension value attributable to plan amendments made in the Covered Year
273,762
243,114
264,655
Compensation Actually Paid
3,616,618
3,014,358
2,249,251
   
Non-PEO NEO Average Total Compensation Amount $ 1,096,682 653,695 815,023
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,193,156 685,710 703,054
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
The following table reconciles the Summary Compensation Table to the Pay Versus Performance Table above for the other NEOs. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
2022 ($)
2021 ($)
2020 ($)
Compensation from Summary Compensation Table
1,096,682
653,695
815,023
Less Grant Date Fair Value of Stock Awards in Covered Year, as reported in the Summary Compensation Table
(275,923)
(150,859)
(212,900)
Add the Fair Value of Equity Awards Granted During the Covered Year determined as of the end of the Covered Year
332,066
154,751
242,946
Add Change in Fair Value of Equity Awards Granted in Prior Years that remain outstanding and unvested at the end of the Covered Year
29,504
55,992
(139,690)
Change in Fair Value for Equity Awards Granted in Prior Years that vested in the Covered Year
9,779
27,030
1,880
Less the fair value of any equity awards granted in a Prior Year that were forfeited in the Covered Year determined as of the end of the Prior Year
(52,969)
Less Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year
(1,535)
(5,097)
(9,208)
Add pension value attributable to Covered Year’s service and any change in pension value attributable to plan amendments made in the Covered Year
2,583
3,167
5,003
Compensation Actually Paid
1,193,156
685,710
703,054
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
The graphs below illustrate the relationship between “Compensation Actually Paid” to our CEO as well as average actual compensation paid to our other NEOs over the indicated years to the Company’s TSR, net income and earnings per share. In addition, the first table below compares our cumulative TSR and peer group cumulative TSR for the indicated years.
graphic

   
Compensation Actually Paid vs. Net Income [Text Block]
The graphs below illustrate the relationship between “Compensation Actually Paid” to our CEO as well as average actual compensation paid to our other NEOs over the indicated years to the Company’s TSR, net income and earnings per share. In addition, the first table below compares our cumulative TSR and peer group cumulative TSR for the indicated years.
graphic

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
The graphs below illustrate the relationship between “Compensation Actually Paid” to our CEO as well as average actual compensation paid to our other NEOs over the indicated years to the Company’s TSR, net income and earnings per share. In addition, the first table below compares our cumulative TSR and peer group cumulative TSR for the indicated years.
graphic

   
Total Shareholder Return Vs Peer Group [Text Block]
The graphs below illustrate the relationship between “Compensation Actually Paid” to our CEO as well as average actual compensation paid to our other NEOs over the indicated years to the Company’s TSR, net income and earnings per share. In addition, the first table below compares our cumulative TSR and peer group cumulative TSR for the indicated years.
graphic

   
Tabular List [Table Text Block]
As also required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, below is an unranked list of the most important financial measures used by the Committee to link executive compensation actually paid to each NEO to Company performance for the 2022 fiscal year:
Earnings per share
Return on average tangible common equity
Return on average assets
Efficiency ratio
Net interest Margin
Nonperforming assets to total assets
   
Total Shareholder Return Amount $ 117.46 101.22 81.87
Peer Group Total Shareholder Return Amount 116.15 124.78 91.32
Net Income (Loss) $ 151,995,000 $ 154,885,000 $ 104,388,000
Company Selected Measure Amount | $ / shares 3.52 3.54 2.37
PEO Name Mr. Watt Mr. Watt Mr. Watt
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Earnings per share    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Return on average tangible common equity    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Return on average assets    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Efficiency ratio    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Net interest Margin    
Measure [Axis]: 6      
Pay vs Performance Disclosure [Table]      
Measure Name Nonperforming assets to total assets    
PEO [Member] | Grant Date Fair Value of Stock Awards in Covered Year, as Reported in the Summary Compensation Table [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (718,779) $ (725,136) $ (652,239)
PEO [Member] | Fair Value of Equity Awards Granted During the Covered Year Determined as of the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 854,897 719,074 744,286
PEO [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Remain Outstanding and Unvested at the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 250,000 277,295 (240,096)
PEO [Member] | Change in Fair Value for Equity Awards Granted in Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 97,000 51,767 2,580
PEO [Member] | Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (255,176) (317,897) (282,164)
PEO [Member] | Pension Value Attributable to Covered Year's Service and any Change in Pension Value Attributable to Plan Amendments made in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 273,762 243,114 264,655
Non-PEO NEO [Member] | Grant Date Fair Value of Stock Awards in Covered Year, as Reported in the Summary Compensation Table [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (275,923) (150,859) (212,900)
Non-PEO NEO [Member] | Fair Value of Equity Awards Granted During the Covered Year Determined as of the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 332,066 154,751 242,946
Non-PEO NEO [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Remain Outstanding and Unvested at the End of the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 29,504 55,992 (139,690)
Non-PEO NEO [Member] | Change in Fair Value for Equity Awards Granted in Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 9,779 27,030 1,880
Non-PEO NEO [Member] | Fair Value of any Equity Awards Granted in a Prior Year that were Forfeited in the Covered Year Determined as of the End of the Prior Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 (52,969) 0
Non-PEO NEO [Member] | Aggregate Change in the Actuarial Pension Value of the Accumulated Benefit, as Reported in the Summary Compensation Table for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,535) (5,097) (9,208)
Non-PEO NEO [Member] | Pension Value Attributable to Covered Year's Service and any Change in Pension Value Attributable to Plan Amendments made in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 2,583 $ 3,167 $ 5,003