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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

Summary

Average Summary

Average

Value of Initial Fixed

Bank

Compensation

Compensation

Compensation Table

Compensation

$100 Investment Based On:

Pre Provision

Table Total For

Actually Paid to

Total for Non-PEO

Actually Paid to

Total Shareholder

Peer Group Total

Net Income

Net Revenue

Year

PEO ($)

PEO ($)

NEOs ($)

Non-PEO NEOs ($)

Return ($)

Shareholder Return ($)

(in millions)

(PPNR) ROAA

(1)

(1)

(2)

(2)

(3)

2024

3,300,108

3,972,908

679,591

843,398

207.94

110.50

41.5

2.23

2023

2,360,462

2,503,103

544,748

575,735

139.49

104.92

39.7

2.32

2022

2,207,257

2,323,003

797,723

827,847

126.86

112.59

38.5

2.55

2021

2,373,879

2,733,535

613,293

772,845

120.00

112.83

36.1

2.50

1)The Company’s Principal Executive Officer “PEO” is James A. Hughes.
2)The Company’s current Non-PEO NEOs consist of George Boyan, Vincent Geraci, James Donovan, and Daniel Sharabba. Prior periods include Laureen Cook who resigned as Senior Vice President and Chief Accounting Officer on April 8, 2022, Janice Bolomey who resigned as Executive Vice President and Chief Administrator Officer on June 30, 2023, John Kauchak who retired as Executive Vice President and Chief Operating Officer on June 30, 2023, and James Davies Senior Vice President and Controller who was reported on the 2024 Proxy.
3)For the years in which public shareholder return data was available, the Company’s peer group total shareholder consists of data compiled on the following banks: American Bank, BCB Community Bank, Blue Foundry Bank, ConnectOne Bank, Embassy Bank for the Lehigh Valley, ESSA Bank & Trust, First Bank, First Commerce Bank, Kearny Bank, Lakeland Bank, Magyar Bank, Parke Bank, Peapack-Gladstone Bank, Provident Bank, QNB Bank, The Bank of Princeton, and Univest Bank and Trust Co.
     
Company Selected Measure Name Bank Pre Provision Net Revenue (PPNR) ROAA      
Named Executive Officers, Footnote
1)The Company’s Principal Executive Officer “PEO” is James A. Hughes.
2)The Company’s current Non-PEO NEOs consist of George Boyan, Vincent Geraci, James Donovan, and Daniel Sharabba. Prior periods include Laureen Cook who resigned as Senior Vice President and Chief Accounting Officer on April 8, 2022, Janice Bolomey who resigned as Executive Vice President and Chief Administrator Officer on June 30, 2023, John Kauchak who retired as Executive Vice President and Chief Operating Officer on June 30, 2023, and James Davies Senior Vice President and Controller who was reported on the 2024 Proxy.
     
Peer Group Issuers, Footnote
3)For the years in which public shareholder return data was available, the Company’s peer group total shareholder consists of data compiled on the following banks: American Bank, BCB Community Bank, Blue Foundry Bank, ConnectOne Bank, Embassy Bank for the Lehigh Valley, ESSA Bank & Trust, First Bank, First Commerce Bank, Kearny Bank, Lakeland Bank, Magyar Bank, Parke Bank, Peapack-Gladstone Bank, Provident Bank, QNB Bank, The Bank of Princeton, and Univest Bank and Trust Co.
     
PEO Total Compensation Amount $ 3,300,108 $ 2,360,462 $ 2,207,257 $ 2,373,879
PEO Actually Paid Compensation Amount $ 3,972,908 2,503,103 2,323,003 2,733,535
Adjustment To PEO Compensation, Footnote

Below is a summary of the adjustments used to determine compensation “actually paid” for the Company’s PEO and Non-PEO NEOs:

2024

2023

2022

2021

Deduction for Amounts Reported under the "Stock Awards" Column

$

(1,080,415)

(774,000)

(1,378,660)

(923,512)

Deduction for Amounts Reported under "Option Awards" Column

(416,967)

Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-End

1,678,985

1,109,625

1,339,170

1,385,248

Increase for Fair Value of Awards Granted during year that Vest during year

Increase for Change in Fair Value from Prior-Year End to Current Year-End of Awards Granted Prior to year that were Outstanding and Unvested as of Year-End

677,334

182,683

98,841

795,659

Increase (decrease) for Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to year that Vested during year

1,960

(240,298)

138,592

293,855

Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year

Increase based upon Incremental Fair Value of Awards Modified during year

Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award

50,161

50,556

38,300

23,135

     
Non-PEO NEO Average Total Compensation Amount $ 679,591 544,748 797,723 613,293
Non-PEO NEO Average Compensation Actually Paid Amount $ 843,398 575,735 827,847 772,845
Adjustment to Non-PEO NEO Compensation Footnote

Below is a summary of the adjustments used to determine compensation “actually paid” for the Company’s PEO and Non-PEO NEOs:

2024

2023

2022

2021

Deduction for Amounts Reported under the "Stock Awards" Column

$

(1,080,415)

(774,000)

(1,378,660)

(923,512)

Deduction for Amounts Reported under "Option Awards" Column

(416,967)

Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-End

1,678,985

1,109,625

1,339,170

1,385,248

Increase for Fair Value of Awards Granted during year that Vest during year

Increase for Change in Fair Value from Prior-Year End to Current Year-End of Awards Granted Prior to year that were Outstanding and Unvested as of Year-End

677,334

182,683

98,841

795,659

Increase (decrease) for Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to year that Vested during year

1,960

(240,298)

138,592

293,855

Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year

Increase based upon Incremental Fair Value of Awards Modified during year

Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award

50,161

50,556

38,300

23,135

     
Compensation Actually Paid vs. Total Shareholder Return

Graphic

     
Compensation Actually Paid vs. Net Income

Graphic

     
Compensation Actually Paid vs. Company Selected Measure

Graphic

     
Total Shareholder Return Vs Peer Group

Graphic

     
Tabular List, Table

Financial Measure

Description

Pre-Provision Net Revenue (PPNR) ROAA

Pre-provision Net Revenue("PPNR") is a Non-GAAP measure and is defined as the Bank's income before provision for income taxes, less provision for credit losses divided by average total assets. Information obtained from Call Report data.

Pre-Provision Net Revenue (PPNR) ROAE

Pre-provision Net Revenue("PPNR") ROAE is a Non-GAAP measure and is defined as the Bank's income before provision for income taxes, less provision for credit losses divided by average total equity. Information obtained from Call Report data.

     
Total Shareholder Return Amount $ 207.94 139.49 126.86 120
Peer Group Total Shareholder Return Amount 110.5 104.92 112.59 112.83
Net Income (Loss) $ 41,500,000 $ 39,700,000 $ 38,500,000 $ 36,100,000
Company Selected Measure Amount 2.23 2.32 2.55 2.5
PEO Name James A. Hughes.      
Measure:: 1        
Pay vs Performance Disclosure        
Name Pre-Provision Net Revenue (PPNR) ROAA      
Measure:: 2        
Pay vs Performance Disclosure        
Name Pre-Provision Net Revenue (PPNR) ROAE      
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,678,985 $ 1,109,625 $ 1,339,170 $ 1,385,248
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 677,334 182,683 98,841 795,659
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 1,960 (240,298) 138,592 293,855
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 50,161 50,556 38,300 23,135
Deduction for Amounts Reported under the "Stock Awards" Column        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,080,415) $ (774,000) $ (1,378,660) (923,512)
Deduction for Amounts Reported under "Option Awards" Column        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       $ (416,967)