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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]

Pay versus Performance

 

The following table presents information regarding compensation actually paid to the Company’s CEO and Non-CEO NEOs and certain Company performance metrics. The amount of compensation actually paid is calculated in accordance with Item 402(v) of Regulation S-K which requires disclosure of the relationship between executive pay versus the Company’s financial performance. However, compensation actually paid does not reflect the actual amount earned by or paid to our NEOs during a covered year. 

 

 

  Summary
Compensation
Table
Total for
CEO(1)
($)
     Compensation
Actually Paid
to CEO(2)
($)
Average
Summary
     Compensation
Table Total
for
Non-CEO
NEOs(1)
($)
Average
     Compensation
Actually Paid
to Non-CEO
NEOs(2)
($)
  Value of Initial Fixed $100
Investment Based On:

         Net Income
(in’000)
($)

Core
         Earnings(4)
(in’000)
($)
 
Total
       Shareholder
Return
($)
Peer Group
Total
       Shareholder
Return(3)
($)
2023 2,933,196 1,775,736 1,436,294 851,319   85.77 99.60 100,013 104,718  
2022 3,061,528 2,297,791 1,221,449 904,520   99.15 93.07 142,587 137,961  
2021 3,161,351 3,903,652 1,420,768 1,835,010   123.13 136.64 106,060 111,165  
2020 2,962,985 2,250,728 1,207,732 897,731   75.89 91.29 61,212 72,186  

 

 

 

(1) Mr. Maher was the CEO for the time period indicated. For 2023, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos and Ms. Estep. For 2022, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos, Ms. Estep, and Michael Fitzpatrick, former Chief Financial Officer of the Bank and the Company. For 2021, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos and Ms. Estep. For 2020, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos, and Grace Vallacchi, former Chief Risk Officer of the Bank and the Company. 

(2) Following is a reconciliation of Total Compensation in the Summary Compensation Table to Compensation Actually Paid for the CEO and Non-CEO NEOs for 2023. There were no valuation assumptions that differ materially from those utilized and disclosed at the time of grant.

 

  2023
             Compensation Actually
Paid to CEO
($)

 

 

 

        Average Compensation Actually
Paid to Non-CEO NEOs
($)

Total Compensation in the Summary Compensation Table  2,933,196   1,436,294
Deduct Amounts Reported in Summary Compensation Table:       
Equity Awards (1,086,601)   (671,586)
Change in Defined Benefit Pension Value  
Other Additions (Deductions) to Arrive at Compensation Actually Paid:       
Value of awards granted in the covered year that are outstanding and unvested at year end 602,150   372,165
Change in value of awards granted in a prior year that are outstanding and unvested at year end (855,141)   (377,359)
Value of awards granted in a prior year that vest in the covered year 182,132   91,806
Fair value of awards forfeited in current fiscal year determined at prior fiscal year  
Aggregate of Pension Service Cost and Prior Service Cost   
Dividend Paid on unvested shares/share units(a)  
Compensation Actually Paid 1,775,736   851,319

 

  (a) Dividends are paid upon shares vesting and are reflected in the “Total Compensation in the Summary Compensation Table” figure.

 

(3) Peer group is the KBW Regional Banking Index used for purposes of Item 201(e) of Regulation S-K.
(4) Core earnings is a non-GAAP financial measure that excludes merger related expenses, net branchconsolidation expense (benefit), net (gain) loss on equity investments, net loss on sale of investments, Federal Deposit Insurance Corporation special assessment, and the income tax effect of these items. For 2023, 2022, 2021, and 2020, the related GAAP amounts (in ’000s) were $100,013, $142,587, $106,060, and $61,212 respectively.
     
Company Selected Measure Name Core Earnings      
Named Executive Officers, Footnote [Text Block]
(1) Mr. Maher was the CEO for the time period indicated. For 2023, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos and Ms. Estep. For 2022, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos, Ms. Estep, and Michael Fitzpatrick, former Chief Financial Officer of the Bank and the Company. For 2021, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos and Ms. Estep. For 2020, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos, and Grace Vallacchi, former Chief Risk Officer of the Bank and the Company. 
     
Peer Group Issuers, Footnote [Text Block] Peer group is the KBW Regional Banking Index used for purposes of Item 201(e) of Regulation S-K.      
PEO Total Compensation Amount [1] $ 2,933,196 $ 3,061,528 $ 3,161,351 $ 2,962,985
PEO Actually Paid Compensation Amount [2] $ 1,775,736 2,297,791 3,903,652 2,250,728
Adjustment To PEO Compensation, Footnote [Text Block]

  2023
             Compensation Actually
Paid to CEO
($)

 

 

 

        Average Compensation Actually
Paid to Non-CEO NEOs
($)

Total Compensation in the Summary Compensation Table  2,933,196   1,436,294
Deduct Amounts Reported in Summary Compensation Table:       
Equity Awards (1,086,601)   (671,586)
Change in Defined Benefit Pension Value  
Other Additions (Deductions) to Arrive at Compensation Actually Paid:       
Value of awards granted in the covered year that are outstanding and unvested at year end 602,150   372,165
Change in value of awards granted in a prior year that are outstanding and unvested at year end (855,141)   (377,359)
Value of awards granted in a prior year that vest in the covered year 182,132   91,806
Fair value of awards forfeited in current fiscal year determined at prior fiscal year  
Aggregate of Pension Service Cost and Prior Service Cost   
Dividend Paid on unvested shares/share units(a)  
Compensation Actually Paid 1,775,736   851,319

 

  (a) Dividends are paid upon shares vesting and are reflected in the “Total Compensation in the Summary Compensation Table” figure.

     
Non-PEO NEO Average Total Compensation Amount [1] $ 1,436,294 1,221,449 1,420,768 1,207,732
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 851,319 904,520 1,835,010 897,731
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

  2023
             Compensation Actually
Paid to CEO
($)

 

 

 

        Average Compensation Actually
Paid to Non-CEO NEOs
($)

Total Compensation in the Summary Compensation Table  2,933,196   1,436,294
Deduct Amounts Reported in Summary Compensation Table:       
Equity Awards (1,086,601)   (671,586)
Change in Defined Benefit Pension Value  
Other Additions (Deductions) to Arrive at Compensation Actually Paid:       
Value of awards granted in the covered year that are outstanding and unvested at year end 602,150   372,165
Change in value of awards granted in a prior year that are outstanding and unvested at year end (855,141)   (377,359)
Value of awards granted in a prior year that vest in the covered year 182,132   91,806
Fair value of awards forfeited in current fiscal year determined at prior fiscal year  
Aggregate of Pension Service Cost and Prior Service Cost   
Dividend Paid on unvested shares/share units(a)  
Compensation Actually Paid 1,775,736   851,319

 

  (a) Dividends are paid upon shares vesting and are reflected in the “Total Compensation in the Summary Compensation Table” figure.
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

     
Compensation Actually Paid vs. Net Income [Text Block]

 

     
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

     
Total Shareholder Return Vs Peer Group [Text Block]

 

     
Tabular List [Table Text Block]

Company’s Most Important Financial Performance Measures 

 

The following were the most important financial performance measures used to link the NEOs’ compensation actually paid to the Company’s financial performance for the most recently completed fiscal year:

 

 
Core Earnings
Core ROA
Core Efficiency Ratio
TSR
     
Total Shareholder Return Amount $ 85.77 99.15 123.13 75.89
Peer Group Total Shareholder Return Amount [3] 99.60 93.07 136.64 91.29
Net Income (Loss) Attributable to Parent $ 100,013,000 $ 142,587,000 $ 106,060,000 $ 61,212,000
Company Selected Measure Amount [4] 104,718,000 137,961,000 111,165,000 72,186,000
PEO Name Mr. Maher Mr. Maher Mr. Maher Mr. Maher
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name Core Earnings      
Non-GAAP Measure Description [Text Block] Core earnings is a non-GAAP financial measure that excludes merger related expenses, net branchconsolidation expense (benefit), net (gain) loss on equity investments, net loss on sale of investments, Federal Deposit Insurance Corporation special assessment, and the income tax effect of these items. For 2023, 2022, 2021, and 2020, the related GAAP amounts (in ’000s) were $100,013, $142,587, $106,060, and $61,212 respectively.      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name Core ROA      
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name Core Efficiency Ratio      
Measure [Axis]: 4        
Pay vs Performance Disclosure [Table]        
Measure Name TSR      
PEO [Member] | Equity Awards        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ (1,086,601)      
PEO [Member] | Change in Defined Benefit Pension Value        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Value of awards granted in the covered year that are outstanding and unvested at year end        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 602,150      
PEO [Member] | Change in value of awards granted in a prior year that are outstanding and unvested at year end        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (855,141)      
PEO [Member] | Value of awards granted in a prior year that vest in the covered year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 182,132      
PEO [Member] | Fair value of awards forfeited in current fiscal year determined at prior fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Aggregate of Pension Service Cost and Prior Service Cost        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
PEO [Member] | Dividend Paid on unvested shares/share units        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [5]      
Non-PEO NEO [Member] | Equity Awards        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (671,586)      
Non-PEO NEO [Member] | Change in Defined Benefit Pension Value        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Value of awards granted in the covered year that are outstanding and unvested at year end        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 372,165      
Non-PEO NEO [Member] | Change in value of awards granted in a prior year that are outstanding and unvested at year end        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (377,359)      
Non-PEO NEO [Member] | Value of awards granted in a prior year that vest in the covered year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 91,806      
Non-PEO NEO [Member] | Fair value of awards forfeited in current fiscal year determined at prior fiscal year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Aggregate of Pension Service Cost and Prior Service Cost        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount      
Non-PEO NEO [Member] | Dividend Paid on unvested shares/share units        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount [5]      
[1] Mr. Maher was the CEO for the time period indicated. For 2023, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos and Ms. Estep. For 2022, the non-CEO NEO group consisted of Messrs. Barrett, Lebel, and Tsimbinos, Ms. Estep, and Michael Fitzpatrick, former Chief Financial Officer of the Bank and the Company. For 2021, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos and Ms. Estep. For 2020, the non-CEO NEO group consisted of Messrs. Fitzpatrick, Lebel, and Tsimbinos, and Grace Vallacchi, former Chief Risk Officer of the Bank and the Company. 
[2] Following is a reconciliation of Total Compensation in the Summary Compensation Table to Compensation Actually Paid for the CEO and Non-CEO NEOs for 2023. There were no valuation assumptions that differ materially from those utilized and disclosed at the time of grant.
[3] Peer group is the KBW Regional Banking Index used for purposes of Item 201(e) of Regulation S-K.
[4] Core earnings is a non-GAAP financial measure that excludes merger related expenses, net branchconsolidation expense (benefit), net (gain) loss on equity investments, net loss on sale of investments, Federal Deposit Insurance Corporation special assessment, and the income tax effect of these items. For 2023, 2022, 2021, and 2020, the related GAAP amounts (in ’000s) were $100,013, $142,587, $106,060, and $61,212 respectively.
[5] Dividends are paid upon shares vesting and are reflected in the “Total Compensation in the Summary Compensation Table” figure.