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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEOCompensation Actually Paid to PEO (1)Average Summary Compensation Table Total for Non-PEO NEOsAverage Compensation Actually Paid to Non-PEO NEOs (1)Value of Initial Fixed $100 Investment Based On:Net Income ($000s)Diluted Earnings Per Share
TSRPeer Group TSR
2024$3,586,197 $5,829,737 $1,392,171 $2,155,594 $130 $122 $185,266 $4.83 
2023$3,445,438 $2,116,497 $1,355,463 $898,728 $100 $103 $194,059 $5.07 
2022$4,160,216 $4,835,417 $1,766,407 $1,995,112 $108 $111 $203,043 $5.31 
2021$2,450,066 $3,099,999 $1,045,830 $1,276,627 $102 $130 $133,055 $3.86 
2020$1,556,996 $1,165,813 $776,407 $621,177 $74 $93 $74,384 $2.76 
       
Named Executive Officers, Footnote Our CEO, Mr. Lally, was the Company’s principal executive officer (“PEO”) for each year reported below. NEOs for 2023-2024 include Messrs. Turner, Goodman, Bauche and Ponder. NEOs for 2020-2022 include Messrs. Turner, Goodman and Bauche and Ms. Iannacone.        
Peer Group Issuers, Footnote The peer group is the S&P Regional Banks Select Industry Index.        
PEO Total Compensation Amount $ 3,586,197 $ 3,445,438 $ 4,160,216 $ 2,450,066 $ 1,556,996
PEO Actually Paid Compensation Amount $ 5,829,737 2,116,497 4,835,417 3,099,999 1,165,813
Adjustment To PEO Compensation, Footnote Compensation actually paid is detailed in the table below:
Compensation Actually Paid to PEO
20242023202220212020
Total compensation in the Summary Compensation Table $3,586,197 $3,445,438 $4,160,216 $2,450,066 $1,556,996 
Deduction for stock award values included in the Summary Compensation Table(1,140,318)(1,272,594)(2,080,526)(777,478)(405,101)
Deduction for stock option values included in the Summary Compensation Table(394,300)(382,804)(299,997)(221,873)— 
Addition for the fair value as of the end of the year of awards granted during the year that are outstanding and unvested at the end of the year 2,612,109 1,133,826 2,825,436 1,370,239 311,273 
Change in fair value as of the end of the year, from the end of the prior year, of any awards granted in any prior year that are outstanding and unvested as of the end of the year 331,899 (505,980)168,262 269,631 (149,253)
Change in fair value as of the vesting date, from the end of the prior year, of awards granted in a prior year that vested in the current year 834,150 (301,389)62,026 87,429 (148,102)
Subtraction for the prior year fair value of awards granted in a prior year that failed to meet the applicable vesting conditions during the year— — — (78,015)— 
Compensation Actually Paid$5,829,737 $2,116,497 $4,835,417 $3,099,999 $1,165,813 
       
Non-PEO NEO Average Total Compensation Amount $ 1,392,171 1,355,463 1,766,407 1,045,830 776,407
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,155,594 898,728 1,995,112 1,276,627 621,177
Adjustment to Non-PEO NEO Compensation Footnote Compensation actually paid is detailed in the table below, continued:
Average Compensation Actually Paid to Non-PEO NEOs
20242023202220212020
Total compensation in the Summary Compensation Table$1,392,171 $1,355,463 $1,766,407 $1,045,830 $776,407 
Deduction for stock award values included in the Summary Compensation Table(374,019)(406,492)(904,799)(270,804)(141,725)
Deduction for stock option values included in the Summary Compensation Table(129,327)(122,279)(98,125)(77,282)— 
Addition for the fair value as of the end of the year of awards granted during the year that are outstanding and unvested at the end of the year856,756 362,170 1,151,323 477,273 108,899 
Change in fair value as of the end of the year, from the end of the prior year, of any awards granted in any prior year that are outstanding and unvested as of the end of the year143,803 (185,159)58,608 94,328 (55,701)
Change in fair value as of the vesting date, from the end of the prior year, of awards granted in a prior year that vested in the current year266,210 (104,975)21,698 34,388 (66,703)
Subtraction for the prior year fair value of awards granted in a prior year that failed to meet the applicable vesting conditions during the year— — — (27,106)— 
Compensation Actually Paid$2,155,594 $898,728 $1,995,112 $1,276,627 $621,177 
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid versus Cumulative TSR
1194
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid versus Net Income
1142
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid versus EPS

1235
       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid versus Cumulative TSR
1194
       
Tabular List, Table
Important Financial Performance Measures
Earnings per share
Loan growth
Return on average tangible common equity
Nonperforming assets to total assets
       
Total Shareholder Return Amount $ 130 100 108 102 74
Peer Group Total Shareholder Return Amount 122 103 111 130 93
Net Income (Loss) $ 185,266,000 $ 194,059,000 $ 203,043,000 $ 133,055,000 $ 74,384,000
Company Selected Measure Amount | $ / shares 4.83 5.07 5.31 3.86 2.76
PEO Name Mr. Lally        
Additional 402(v) Disclosure
Our pay for performance philosophy results in a significant portion of total compensation for the NEOs being comprised of performance-based awards with both short and long-term targets. The financial performance metrics used in the performance awards are selected by the Human Capital and Compensation Committee to align compensation with shareholder interests and long-term value creation, while ensuring a competitive wage as compared to our peers. This has resulted in a significant level of compensation at-risk for the NEOs. In 2024, our CEOs and other NEOs total compensation included 74% and 61%, respectively, that was at risk.
Compensation actually paid to our NEOs includes the end-of-year fair value of awards granted during the year, changes in the fair value of awards granted in prior fiscal years, and other changes related to forfeited awards, as applicable.

Select items that impacted compensation actually paid and our financial measures in the table and graph above include:
In 2020, the Company increased its allowance for credit losses due to the heightened risk to the economy and its customers because of the COVID-19 pandemic. The Company also completed an acquisition at the end of 2020, which increased the provision for credit losses and merger expense. These activities resulted in a decline in net income and EPS when compared to 2019. STIP payouts were above target, but below exceptional, and the three-year cumulative LTIP performance payouts were at 119% of target out of a maximum award of 200%. Equity markets were volatile in 2020 due to the pandemic and both the Company’s stock and the peer index had a negative return. The negative total shareholder return in 2020 reduced a portion of the LTIP award that uses this metric in the performance criteria to 29% of the targeted amount.
In 2021, the Company completed another acquisition that resulted in an additional provision for credit losses and merger expenses for the year. The Company also closed certain branch locations and recognized a related impairment charge. In support of its customers, the Company was an active participant in the Paycheck Protection Program that generated additional interest and fee income on loans. The total shareholder return for the both the Company and the peer index rebounded in 2021 with double digit returns. STIP payouts in 2021 were above target but below exceptional levels and the three-year cumulative LTIP performance payouts were at 59% of target out of a maximum award of 200%. No LTIP shares were awarded based on the three-year cumulative total shareholder return in 2021.
In 2022, rising interest rates benefited the Company’s asset-sensitive balance sheet, resulting in an increase to net income and EPS. The Company’s total shareholder return increased in 2022, while the peer index declined. STIP payouts in 2022 were at the exceptional level and LTIP performance awards were at 132% of the aggregate target level. As noted in the compensation discussion and analysis, the NEOs also received a one-time Special Award in 2022 to increase retention.
In 2023, net interest income continued to expand due to organic growth and an increase in market interest rates. In the industry, three large regional banks failed at the beginning of the year. The rise in short-term rates and robust deposit competition after the bank failures increased deposit costs. The provision for credit losses increased from a historically low level in 2022 and noninterest expense expanded due to higher deposit servicing costs and employee compensation and benefits. The total shareholder return for both the Company and the peer index were negative in 2023 as a result of the market disruption following the bank failures. STIP payments in 2023 were below the exceptional level due to the decline in EPS in 2023 from 2022. The LTIP performance awards were at 169% of the aggregate target level and were reflective of the three-year cumulative EPS and TSR targets.
In 2024, organic growth and an increased yield on interest-earning assets was partially offset by the rise in short-term interest rates in 2024 that increased the cost of deposits and other interest-bearing liabilities. In the fourth quarter 2024, the Federal Reserve decreased the target federal funds rate 100 basis points, following a 100 basis points increase in 2023. The provision for credit losses decreased in 2024 primarily due to improved credit quality, including a reduction in net charge-offs. Noninterest expense increased primarily due to compensation and benefits (annual merit increases and the recruitment of new relationship bankers), deposit servicing costs, and expenses related to a core system conversion. Total shareholder return for the Company surpassed the peer index with both indices achieving double digit returns. STIP payments in 2024 were below the exceptional level primarily due to lower than planned loan growth. The LTIP performance awards were at 181% of the aggregate target level and were reflective of the three-year cumulative EPS and TSR targets.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Earnings per share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Loan growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Return on average tangible common equity        
Measure:: 4          
Pay vs Performance Disclosure          
Name Nonperforming assets to total assets        
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 $ 2,612,109 $ 1,133,826 $ 2,825,436 $ 1,370,239 $ 311,273
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 331,899 (505,980) 168,262 269,631 (149,253)
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 834,150 (301,389) 62,026 87,429 (148,102)
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 0 0 (78,015) 0
PEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,140,318) (1,272,594) (2,080,526) (777,478) (405,101)
PEO | Stock Option Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (394,300) (382,804) (299,997) (221,873) 0
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 856,756 362,170 1,151,323 477,273 108,899
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 143,803 (185,159) 58,608 94,328 (55,701)
Non-PEO NEO | 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 266,210 (104,975) 21,698 34,388 (66,703)
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 0 0 (27,106) 0
Non-PEO NEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (374,019) (406,492) (904,799) (270,804) (141,725)
Non-PEO NEO | Stock Option Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (129,327) $ (122,279) $ (98,125) $ (77,282) $ 0