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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The amounts set forth below under the headings “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to non-PEO NEOs” have been calculated in a manner consistent with Item 402(v) of Regulation S-K, and do not necessarily reflect the actual amount of compensation earned by or paid to the Company’s PEO and NEOs during the applicable fiscal year. Footnote (2) below sets forth the adjustments from the Total Compensation as reported in the Summary Compensation Table above.
The following table sets forth additional compensation information of our Principal Executive Officer (PEO) and our non-PEO NEOs along with total shareholder return, net income, and return on average equity for fiscal years ended 2020, 2021, 2022, 2023 and 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table (SCT)
Total
for PEO(1)
 
 
Compensation
actually
paid to
PEO(1)(2)
 
 
Average
SCT
Total for
non-PEO
NEOs
 
 
Average
Compensation
actually
paid to
non-PEO
NEOs(1)(2)
 
 
Value of Initial Fixed $100
Investment based on:
 
 
Net
Income
(000s)
 
 
Return on
Average
Equity
 
TSR
 
 
Peer
Group
TSR(3)
 
(a)
 
 
(b)
 
 
(c)
 
 
(d)
 
 
(e)
 
 
(f)
 
 
(g)
 
 
(h)
 
 
(i)
2024
 
 
$1,874,651
 
 
$1,983,713
 
 
$775,070
 
 
$820,272
 
 
$88.20
 
 
$143.68
 
 
$70,850
 
 
10.33%
2023
 
 
$2,757,046
 
 
$1,293,874
 
 
$746,333
 
 
$584,910
 
 
$74.90
 
 
$107.32
 
 
$9,505
 
 
1.50%
2022
 
 
$1,762,316
 
 
$1,629,897
 
 
$785,868
 
 
$757,815
 
 
$92.72
 
 
$98.38
 
 
$85,030
 
 
13.25%
2021
 
 
$2,180,714
 
 
$1,977,968
 
 
$824,345
 
 
$904,843
 
 
$96.99
 
 
$118.61
 
 
$89,264
 
 
12.32%
2020
 
 
$3,332,939
 
 
$1,052,179
 
 
$1,112,990
 
 
$565,006
 
 
$79.65
 
 
$87.24
 
 
$77,588
 
 
11.09%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Mr. Romaine was our principal executive officer (PEO) in each of the years shown above. The Named Executive Officers who were used in determining the compensation amounts above were as follows:
2024: Messrs. Tomazin, McKenna, Boyce, and DeMilia
2023: Messrs. Tomazin, Fetsko, McKenna, and Boyce, and Ms. Kunkel
2022: Messrs. Fetsko, McKenna, Boyce, and Hartz
2021: Messrs. Fetsko, Gruber, McKenna, and Boyce
2020: Messrs. Fetsko, Gruber, Boyce, and Howard
(2)
To calculate Compensation Actually Paid for the PEO and the Non-PEO NEOs, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining Compensation Actually Paid with respect to 2024 compensation:
 
 
 
 
 
 
 
Adjustments to 2024
Compensation
 
 
 
PEO
 
 
Non-PEO
Summary Comp. Table Total
 
 
1,874,651
 
 
775,070
Minus Stock and Option Awards from Summary Comp. Table
 
 
519,355
 
 
164,910
Plus Prior Service Cost Due to Amendments During Year
 
 
—
 
 
—
Plus Year-End Fair Value of Unvested Awards Granted During Year
 
 
472,097
 
 
149,904
Plus Change in Fair Value of Unvested Awards Granted in Prior Years
 
 
155,686
 
 
33,885
Plus Fair Value of Awards Granted and Vested During Year
 
 
—
 
 
—
Plus Change in Fair Value of Prior Years’ Awards Vested During Year
 
 
634
 
 
12,508
Minus Fair Value of Performance-Based Awards Forfeited During Year
 
 
—
 
 
—
Plus Fair Value of Dividend or Other Earnings Paid on Unvested Equity Awards During Year
 
 
—
 
 
—
Minus Aggregate Change in Actuarial Present Value of Benefit under Defined Benefit Plans
 
 
—
 
 
498
Plus Service Cost for Year (Actuarial Present Value of Benefit Attributable to Service for the Year)
 
 
—
 
 
14,314
Compensation Actually Paid
 
 
1,983,713
 
 
820,272
 
 
 
 
 
 
 
(3)
For purposes of this disclosure, the peer group is the S&P U.S. BMI Banks Index. Total shareholder return is based on an investment of $100 on December 31, 2019.
(4)
SEC rules permit the Company to select a financial measure that it believes represents the most important financial performance measure (not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the NEOs, for the most recently completed fiscal year, to Company performance. The Company has selected Return on Average Equity to include in the table for this purpose.
       
Company Selected Measure Name Return on Average Equity        
Named Executive Officers, Footnote
(1)
Mr. Romaine was our principal executive officer (PEO) in each of the years shown above. The Named Executive Officers who were used in determining the compensation amounts above were as follows:
2024: Messrs. Tomazin, McKenna, Boyce, and DeMilia
2023: Messrs. Tomazin, Fetsko, McKenna, and Boyce, and Ms. Kunkel
2022: Messrs. Fetsko, McKenna, Boyce, and Hartz
2021: Messrs. Fetsko, Gruber, McKenna, and Boyce
2020: Messrs. Fetsko, Gruber, Boyce, and Howard
       
Peer Group Issuers, Footnote
(3)
For purposes of this disclosure, the peer group is the S&P U.S. BMI Banks Index. Total shareholder return is based on an investment of $100 on December 31, 2019.
       
PEO Total Compensation Amount $ 1,874,651 $ 2,757,046 $ 1,762,316 $ 2,180,714 $ 3,332,939
PEO Actually Paid Compensation Amount $ 1,983,713 1,293,874 1,629,897 1,977,968 1,052,179
Adjustment To PEO Compensation, Footnote
(2)
To calculate Compensation Actually Paid for the PEO and the Non-PEO NEOs, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining Compensation Actually Paid with respect to 2024 compensation:
 
 
 
 
 
 
 
Adjustments to 2024
Compensation
 
 
 
PEO
 
 
Non-PEO
Summary Comp. Table Total
 
 
1,874,651
 
 
775,070
Minus Stock and Option Awards from Summary Comp. Table
 
 
519,355
 
 
164,910
Plus Prior Service Cost Due to Amendments During Year
 
 
—
 
 
—
Plus Year-End Fair Value of Unvested Awards Granted During Year
 
 
472,097
 
 
149,904
Plus Change in Fair Value of Unvested Awards Granted in Prior Years
 
 
155,686
 
 
33,885
Plus Fair Value of Awards Granted and Vested During Year
 
 
—
 
 
—
Plus Change in Fair Value of Prior Years’ Awards Vested During Year
 
 
634
 
 
12,508
Minus Fair Value of Performance-Based Awards Forfeited During Year
 
 
—
 
 
—
Plus Fair Value of Dividend or Other Earnings Paid on Unvested Equity Awards During Year
 
 
—
 
 
—
Minus Aggregate Change in Actuarial Present Value of Benefit under Defined Benefit Plans
 
 
—
 
 
498
Plus Service Cost for Year (Actuarial Present Value of Benefit Attributable to Service for the Year)
 
 
—
 
 
14,314
Compensation Actually Paid
 
 
1,983,713
 
 
820,272
 
 
 
 
 
 
 
        
Non-PEO NEO Average Total Compensation Amount $ 775,070 746,333 785,868 824,345 1,112,990
Non-PEO NEO Average Compensation Actually Paid Amount $ 820,272 584,910 757,815 904,843 565,006
Adjustment to Non-PEO NEO Compensation Footnote
(2)
To calculate Compensation Actually Paid for the PEO and the Non-PEO NEOs, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining Compensation Actually Paid with respect to 2024 compensation:
 
 
 
 
 
 
 
Adjustments to 2024
Compensation
 
 
 
PEO
 
 
Non-PEO
Summary Comp. Table Total
 
 
1,874,651
 
 
775,070
Minus Stock and Option Awards from Summary Comp. Table
 
 
519,355
 
 
164,910
Plus Prior Service Cost Due to Amendments During Year
 
 
—
 
 
—
Plus Year-End Fair Value of Unvested Awards Granted During Year
 
 
472,097
 
 
149,904
Plus Change in Fair Value of Unvested Awards Granted in Prior Years
 
 
155,686
 
 
33,885
Plus Fair Value of Awards Granted and Vested During Year
 
 
—
 
 
—
Plus Change in Fair Value of Prior Years’ Awards Vested During Year
 
 
634
 
 
12,508
Minus Fair Value of Performance-Based Awards Forfeited During Year
 
 
—
 
 
—
Plus Fair Value of Dividend or Other Earnings Paid on Unvested Equity Awards During Year
 
 
—
 
 
—
Minus Aggregate Change in Actuarial Present Value of Benefit under Defined Benefit Plans
 
 
—
 
 
498
Plus Service Cost for Year (Actuarial Present Value of Benefit Attributable to Service for the Year)
 
 
—
 
 
14,314
Compensation Actually Paid
 
 
1,983,713
 
 
820,272
 
 
 
 
 
 
 
        
Compensation Actually Paid vs. Total Shareholder Return        
Compensation Actually Paid vs. Net Income        
Compensation Actually Paid vs. Company Selected Measure        
Total Shareholder Return Vs Peer Group        
Tabular List, Table
Most Important Measures to Determine Fiscal Year 2024 Compensation Actually Paid
As described in greater detail above under “Compensation Discussion and Analysis”, the Company's executive compensation program reflects a variable pay-for-performance philosophy. The most important performance metrics used to link compensation actually paid to the NEOs for 2024 to Company performance were:
1.
ROAE as ranked in Federal Reserve Board’s Bank Holding Company Performance Report, Peer Group 2
2.
Core earnings per share (diluted)
3.
Core revenue per share
4.
Core pre-provision, pre-tax net revenue per share
       
Total Shareholder Return Amount $ 88.2 74.9 92.72 96.99 79.65
Peer Group Total Shareholder Return Amount 143.68 107.32 98.38 118.61 87.24
Net Income (Loss) $ 70,850,000 $ 9,505,000 $ 85,030,000 $ 89,264,000 $ 77,588,000
Company Selected Measure Amount 0.1033 0.015 0.1325 0.1232 0.1109
PEO Name Mr. Romaine Mr. Romaine Mr. Romaine Mr. Romaine Mr. Romaine
Measure:: 1          
Pay vs Performance Disclosure          
Name ROAE as ranked in Federal Reserve Board’s Bank Holding Company Performance Report, Peer Group 2        
Measure:: 2          
Pay vs Performance Disclosure          
Name Core earnings per share (diluted)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Core revenue per share        
Measure:: 4          
Pay vs Performance Disclosure          
Name Core pre-provision, pre-tax net revenue per share        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (519,355)        
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 472,097        
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 155,686        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 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 634        
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        
PEO | 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 0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (498)        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,314        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
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 (164,910)        
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 149,904        
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 33,885        
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        
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 12,508        
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        
Non-PEO NEO | 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 $ 0