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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
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(b) of the Dodd-Frank Act and 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance measures of Bank First Corporation.
​ ​
Year
​ ​ ​
Summary
Compensation
Table for
PEO (1)
​ ​ ​
Compensation
Actually
Paid to PEO
​ ​ ​
Avg.
Summary
Compensation
Table Total
for Non-PEO
NEOs (2)
​ ​ ​
Avg.
Compensation
Actually
Paid to
Non-PEO
NEOs
​ ​ ​
Total
Shareholder
Return (3)
​ ​ ​
Peer Group
Total
Shareholder
Return (3)
​ ​ ​
Net
Income (4)
​ ​ ​
Earnings
Per Share
​ ​
​ ​
2024
​ ​ ​ ​ $ 1,699,536 ​ ​ ​ ​ ​ $ 1,764,518 ​ ​ ​ ​ ​ $ 761,998 ​ ​ ​ ​ ​ $ 788,074 ​ ​ ​ ​ ​ $ 152.04 ​ ​ ​ ​ ​ $ 133.60 ​ ​ ​ ​ ​ $ 65,600,000 ​ ​ ​ ​ ​ $ 6.50 ​ ​ ​
​ ​
2023
​ ​ ​ ​ $ 1,434,645 ​ ​ ​ ​ ​ $ 1,516,712 ​ ​ ​ ​ ​ $ 587,255 ​ ​ ​ ​ ​ $ 596,123 ​ ​ ​ ​ ​ $ 130.76 ​ ​ ​ ​ ​ $ 121.49 ​ ​ ​ ​ ​ $ 74,514,000 ​ ​ ​ ​ ​ $ 7.28 ​ ​ ​
​ ​
2022
​ ​ ​ ​ $ 1,331,475 ​ ​ ​ ​ ​ $ 1,593,638 ​ ​ ​ ​ ​ $ 582,260 ​ ​ ​ ​ ​ $ 701,761 ​ ​ ​ ​ ​ $ 138.13 ​ ​ ​ ​ ​ $ 105.56 ​ ​ ​ ​ ​ $ 45,214,000 ​ ​ ​ ​ ​ $ 5.58 ​ ​ ​
​ ​
2021
​ ​ ​ ​ $ 1,299,618 ​ ​ ​ ​ ​ $ 1,392,441 ​ ​ ​ ​ ​ $ 597,502 ​ ​ ​ ​ ​ $ 622,248 ​ ​ ​ ​ ​ $ 106.21 ​ ​ ​ ​ ​ $ 134.57 ​ ​ ​ ​ ​ $ 45,444,000 ​ ​ ​ ​ ​ $ 5.92 ​ ​ ​
(1) Our Principal Executive Officer (“PEO”) for 2024, 2023, 2022, and 2021 was Michael B. Molepske.
(2) In 2024, our non-PEO NEOs were Timothy J. McFarlane, Kevin M. LeMahieu, Jason V. Krepline and Kelly M. Dvorak. In 2023, our non-PEO NEOs were Timothy J. McFarlane, Kevin M. LeMahieu, Jason V. Krepline, and Joan A. Woldt. In 2022 and 2021, our non-PEO NEOs were Michael P. Dempsey, Kevin M. LeMahieu, Jason V. Krepline, and Joan A. Woldt.
(3) Total shareholder return assumes a hypothetical investment of $100 in common stock on January 1, 2019, with dividends reinvested, and compares the performance of Bank First Corporation common stock to the cumulative total return of the Russell 2000 Index.
(4) Net income of the Company as reported in the Consolidated Statements of Income in Bank First Corporation’s Annual Report on Form 10-K filed with the SEC on February 28, 2025.
Adjustments to Determine Compensation Actually Paid to PEO
​ ​ ​ ​ ​ ​
2024
​ ​ ​
2023
​ ​ ​
2022
​ ​ ​
2021
​ ​
​ ​ Deduct: Value of Stock Awards included in SCT ​ ​ ​
$(421,352)
​ ​ ​
$(350,664)
​ ​ ​
$(340,561)
​ ​ ​
$(332,254)
​ ​
​ ​
Add: Year End Fair Value of Outstanding & Unvested Equity Awards Granted in Year
​ ​ ​
$486,334
​ ​ ​
$384,168
​ ​ ​
$453,040
​ ​ ​
$337,867
​ ​
​ ​ Change in Year End Fair Value of Outstanding & Unvested Equity Awards Compared to Prior Year ​ ​ ​
$102,166
​ ​ ​
$(68,872)
​ ​ ​
$115,173
​ ​ ​
$63,631
​ ​
​ ​
Add: Vesting Date Fair Value of Equity Awards Granted and Vested in Year
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​
​ ​ Change in Vesting Date Fair Value of Vested Equity Awards Compared to Prior Year ​ ​ ​
$94,268
​ ​ ​
$117,435
​ ​ ​
$34,511
​ ​ ​
$23,579
​ ​
​ ​ Deduct: Prior Year End Fair Value of Forfeited Equity Awards During the Year ​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​
​ ​ Total Adjustments ​ ​ ​
$64,982
​ ​ ​
$82,067
​ ​ ​
$262,163
​ ​ ​
$92,823
​ ​
Adjustments to Determine Compensation Actually Paid to Non-PEO NEOs
​ ​ ​ ​ ​ ​
2024
​ ​ ​
2023
​ ​ ​
2022
​ ​ ​
2021
​ ​
​ ​ Deduct: Value of Stock Awards included in SCT ​ ​ ​
$(169,082)
​ ​ ​
$(138,694)
​ ​ ​
$(141,203)
​ ​ ​
$(116,098)
​ ​
​ ​
Add: Year End Fair Value of Outstanding & Unvested Equity Awards Granted in Year
​ ​ ​
$195,158
​ ​ ​
$151,946
​ ​ ​
$187,839
​ ​ ​
$118,040
​ ​
​ ​ Change in Year End Fair Value of Outstanding & Unvested Equity Awards Compared to Prior Year ​ ​ ​
$43,212
​ ​ ​
$(35,893)
​ ​ ​
$69,799
​ ​ ​
$13,058
​ ​
​ ​
Add: Vesting Date Fair Value of Equity Awards Granted and Vested in Year
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​
​ ​ Change in Vesting Date Fair Value of Vested Equity Awards Compared to Prior Year ​ ​ ​
$25,213
​ ​ ​
$31,509
​ ​ ​
$3,066
​ ​ ​
$9,746
​ ​
​ ​ Deduct: Prior Year End Fair Value of Forfeited Equity Awards During the Year ​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​
​ ​ Total Adjustments ​ ​ ​
$26,076
​ ​ ​
$8,868
​ ​ ​
$119,501
​ ​ ​
$24,746
​ ​
     
Company Selected Measure Name Earnings Per Share      
Named Executive Officers, Footnote
(1) Our Principal Executive Officer (“PEO”) for 2024, 2023, 2022, and 2021 was Michael B. Molepske.
(2) In 2024, our non-PEO NEOs were Timothy J. McFarlane, Kevin M. LeMahieu, Jason V. Krepline and Kelly M. Dvorak. In 2023, our non-PEO NEOs were Timothy J. McFarlane, Kevin M. LeMahieu, Jason V. Krepline, and Joan A. Woldt. In 2022 and 2021, our non-PEO NEOs were Michael P. Dempsey, Kevin M. LeMahieu, Jason V. Krepline, and Joan A. Woldt.
     
Peer Group Issuers, Footnote
(3) Total shareholder return assumes a hypothetical investment of $100 in common stock on January 1, 2019, with dividends reinvested, and compares the performance of Bank First Corporation common stock to the cumulative total return of the Russell 2000 Index.
     
PEO Total Compensation Amount $ 1,699,536 $ 1,434,645 $ 1,331,475 $ 1,299,618
PEO Actually Paid Compensation Amount $ 1,764,518 1,516,712 1,593,638 1,392,441
Adjustment To PEO Compensation, Footnote
Adjustments to Determine Compensation Actually Paid to PEO
​ ​ ​ ​ ​ ​
2024
​ ​ ​
2023
​ ​ ​
2022
​ ​ ​
2021
​ ​
​ ​ Deduct: Value of Stock Awards included in SCT ​ ​ ​
$(421,352)
​ ​ ​
$(350,664)
​ ​ ​
$(340,561)
​ ​ ​
$(332,254)
​ ​
​ ​
Add: Year End Fair Value of Outstanding & Unvested Equity Awards Granted in Year
​ ​ ​
$486,334
​ ​ ​
$384,168
​ ​ ​
$453,040
​ ​ ​
$337,867
​ ​
​ ​ Change in Year End Fair Value of Outstanding & Unvested Equity Awards Compared to Prior Year ​ ​ ​
$102,166
​ ​ ​
$(68,872)
​ ​ ​
$115,173
​ ​ ​
$63,631
​ ​
​ ​
Add: Vesting Date Fair Value of Equity Awards Granted and Vested in Year
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​
​ ​ Change in Vesting Date Fair Value of Vested Equity Awards Compared to Prior Year ​ ​ ​
$94,268
​ ​ ​
$117,435
​ ​ ​
$34,511
​ ​ ​
$23,579
​ ​
​ ​ Deduct: Prior Year End Fair Value of Forfeited Equity Awards During the Year ​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​
​ ​ Total Adjustments ​ ​ ​
$64,982
​ ​ ​
$82,067
​ ​ ​
$262,163
​ ​ ​
$92,823
​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 761,998 587,255 582,260 597,502
Non-PEO NEO Average Compensation Actually Paid Amount $ 788,074 596,123 701,761 622,248
Adjustment to Non-PEO NEO Compensation Footnote
Adjustments to Determine Compensation Actually Paid to Non-PEO NEOs
​ ​ ​ ​ ​ ​
2024
​ ​ ​
2023
​ ​ ​
2022
​ ​ ​
2021
​ ​
​ ​ Deduct: Value of Stock Awards included in SCT ​ ​ ​
$(169,082)
​ ​ ​
$(138,694)
​ ​ ​
$(141,203)
​ ​ ​
$(116,098)
​ ​
​ ​
Add: Year End Fair Value of Outstanding & Unvested Equity Awards Granted in Year
​ ​ ​
$195,158
​ ​ ​
$151,946
​ ​ ​
$187,839
​ ​ ​
$118,040
​ ​
​ ​ Change in Year End Fair Value of Outstanding & Unvested Equity Awards Compared to Prior Year ​ ​ ​
$43,212
​ ​ ​
$(35,893)
​ ​ ​
$69,799
​ ​ ​
$13,058
​ ​
​ ​
Add: Vesting Date Fair Value of Equity Awards Granted and Vested in Year
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​ ​
$0
​ ​
​ ​ Change in Vesting Date Fair Value of Vested Equity Awards Compared to Prior Year ​ ​ ​
$25,213
​ ​ ​
$31,509
​ ​ ​
$3,066
​ ​ ​
$9,746
​ ​
​ ​ Deduct: Prior Year End Fair Value of Forfeited Equity Awards During the Year ​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​ ​
—
​ ​
​ ​ Total Adjustments ​ ​ ​
$26,076
​ ​ ​
$8,868
​ ​ ​
$119,501
​ ​ ​
$24,746
​ ​
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-bw.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-bw.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_eps-bw.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-bw.jpg]      
Tabular List, Table
Tabular List of Financial Performance Measures
Pursuant to the requirements of Item 402(v), we provide the following list of the three most important financial performance measures used to link Compensation Actually Paid (“CAP”) (as calculated in accordance with SEC rules), to our NEOs in 2024.
•
Measure 1 — Earnings per share
​
•
Measure 2 — Net income
​
•
Measure 3 — Nonperforming assets to total assets
     
Total Shareholder Return Amount $ 152.04 130.76 138.13 106.21
Peer Group Total Shareholder Return Amount 133.6 121.49 105.56 134.57
Net Income (Loss) $ 65,600,000 $ 74,514,000 $ 45,214,000 $ 45,444,000
Company Selected Measure Amount | $ / shares 6.5 7.28 5.58 5.92
PEO Name Michael B. Molepske      
Measure:: 1        
Pay vs Performance Disclosure        
Name Earnings per share      
Measure:: 2        
Pay vs Performance Disclosure        
Name Net income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Nonperforming assets to total assets      
PEO | Equity Awards Adjustments        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 64,982 $ 82,067 $ 262,163 $ 92,823
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (421,352) (350,664) (340,561) (332,254)
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 486,334 384,168 453,040 337,867
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 102,166 (68,872) 115,173 63,631
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
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 94,268 117,435 34,511 23,579
PEO | Equity Awards Adjustments Prior Year End Fair Value of Forfeited Equity Awards During the year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 26,076 8,868 119,501 24,746
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 (169,082) (138,694) (141,203) (116,098)
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 195,158 151,946 187,839 118,040
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 43,212 (35,893) 69,799 13,058
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
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 25,213 31,509 3,066 9,746
Equity Awards Adjustments Prior Year End Fair Value of Forfeited Equity Awards During the year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount