$ 1,339,540

$ 1,093,405

$ 1,101,275

Non-PEO NEO Average Total Compensation Amount

793,567

676,702

600,941

Adjustment to Non-PEO NEO Compensation Footnote

	Fiscal Year 2024					Fiscal Year 2023						Fiscal Year 2022
	Ms. Lorenson PEO		Average Non-PEO NEOs			Ms. Lorenson PEO			Average Non-PEO NEOs			Ms. Lorenson PEO			Average Non-PEO NEOs
Summary Compensation Table Total	$	1,339,540	$	793,567		$	1,093,405		$	676,702		$	1,101,275		$	600,941
Minus Change in Pension Value Reported in SCT for the Fiscal Year	$	0	$	0		$	0		$	0		$	0		$	0
Plus Pension Value Service Cost for the Fiscal Year	$	0	$	0		$	0		$	0		$	0		$	0
Minus Equity Award Value Reported in SCT for the Fiscal Year	$	360,000	$	198,050		$	275,000		$	119,250		$	275,000		$	102,400
Plus Year End Fair Value of Equity Awards Granted During the Covered Year that Remain Outstanding and Unvested as of Last Day of the Fiscal Year	$	361,870	$	194,902		$	128,936		$	53,812		$	92,785		$	34,535
Plus Year over Year Change in Fair Value as of the Last Day of the Fiscal Year of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years	$	113,231	$	27,364		$	(1,791	)	$	(1,791	)	$	(59,442	)	$	(56,005	)
Plus Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year	$	0	$	0		$	0		$	0		$	0		$	0
Plus Year over Year Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested During the Fiscal Year	$	2,195	$	(2,600	)	$	(20,753	)	$	(9,459	)	$	2,241		$	2,148
Minus Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Fiscal Year	$	0	$	0		$	0		$	0		$	0		$	0
Plus Value of Dividends or other Earnings Paid on Equity Awards Not Otherwise Reflected in Fair Value or Total Compensation for the Fiscal Year	$	0	$	0		$	0		$	0		$	0		$	0
Compensation Actually Paid	$	1,456,837	$	815,184		$	924,797		$	600,014		$	861,859		$	479,218

In the table above, the unvested equity fair values were calculated on each of the required measurement dates using assumptions based on criteria consistent with those used for grant date fair value calculations and in accordance with the methodology used for financial reporting purposes. For time-based restricted stock units/awards, the fair value used to calculate CAP was based on the Company’s closing stock price on each valuation date and includes the cash value of accrued dividends. For performance-based units/stock, the fair value used to calculate CAP assumes performance results as of the end of each reporting year based on the probable outcome and includes the cash value of accrued dividends.

⁽⁴⁾

Total Shareholder Return (“TSR”) is cumulative for the measurement periods beginning on December 31, 2021 and ending on December 31 of each of 2022, 2023, and 2024, respectively. TSR is calculated by dividing the difference between the price of the Company’s common stock at the end and the beginning of the measurement period by the price of the Company’s common stock at the beginning of the measurement period, adjusted for dividends.

⁽⁵⁾

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. Our peer group for these purposes is the S&P U.S. Banks – Midwest Region Index, which is the industry index used by the Company for purposes of compliance with Item 201(e) of Regulation S-K for all three fiscal years.

⁽⁶⁾	Reflects the Company’s net income (loss) reflected in the audited financial statements published in our Annual Report on Form 10-K for the applicable fiscal year.

⁽⁷⁾	ROE is the company-selected measure and a non-GAAP financial performance measure, as described in more detail in the "Annual Bonus -- Short-Term Incentive Plan" section above.

Compensation Actually Paid vs. Net Income

Relationship between CAP and GAAP Net Income. The graph below reflects the relationship between the PEO and Average Non-PEO NEOs CAP and our GAAP Net Income. The Company does not use GAAP net income as a performance measure in its executive compensation program.

2025 Proxy Statement

37

Tabular List, Table

Performance Measures Used to Link Company Performance and CAP. The following is a list of financial performance measures, which in our assessment represent the most important financial performance measures used by the Company to link CAP to the named executive officers for fiscal year 2024 to Company performance. Each metric below is used for purposes of determining payouts under either our annual incentive program or vesting of our performance stock units. Please see the Compensation Discussion & Analysis for a further description of these metrics and how they are used in the Company’s executive compensation program.

■ Return on Equity (non-GAAP)

■ Adjusted Net Income (non-GAAP)

■ Earnings per Share