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Pay vs Performance Disclosure
12 Months Ended
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 CEOCompensation Actually Paid to CEOAverage Summary Compensation Table Total for
non-CEO Named Executive Officers
Average Compensation Actually Paid to non-CEO Named Executive OfficersValue of Fixed $100 Investment Based On:Net Income Company Selected Measure: Diluted EPS
 Total Shareholder ReturnPeer Group Total Shareholder Return
($)
($)(1)(2)
($)(2)
($)(1)(2)
($)
($)(3)
($)($)
2023
1,522,312 1,447,110 803,573 791,548 95.46 112.03 43,383,299 2.97 
20221,323,221 1,596,289 512,046 476,400 100.49 111.47 61,439,377 4.17 
20212,375,909 2,306,068 594,080 638,100 112.11 126.43 69,013,710 4.60 
20203,088,311 1,606,062 627,250 415,542 80.73 90.82 59,486,202 3.95 
     
Company Selected Measure Name Diluted EPS      
Named Executive Officers, Footnote The CEO and all other named executive officers included in average summary compensation were as follows for each year indicated:
2023
202220212020
CEOGregory A. DufourGregory A. DufourGregory A. DufourGregory A. Dufour
Other Named Executive Officers
Michael R. Archer
Michael R. Archer
Gregory A. White
Gregory A. White(b)
Simon R. Griffiths(a)
William H. MartelWilliam H. MartelJoanne T. Campbell
William H. MartelTimothy P. NightingaleTimothy P. NightingaleTimothy P. Nightingale
Patricia A. RosePatricia A. RosePatricia A. RosePatricia A. Rose
Deborah A. Jordan(b)
a.Mr. Griffiths joined the Company and the Bank on November 20, 2023 as EVP, Chief Operating Officer, and was then appointed as President and CEO of the Company and Bank on January 1, 2024.
b.Mr. White was appointed as EVP, CFO of the Company, effective April 15, 2020, at which time Ms. Jordan relinquished her role as EVP, CFO and retired from the Company effective June 10, 2020. For purposes of calculating the average summary compensation for the named executive officers, the amounts used for purposes of determining each named executive officer's compensation only reflect the period that they were employed by the Company.
     
Peer Group Issuers, Footnote The peer group TSR was calculated using the S&P U.S. SmallCap Banks Index as of December 31, 2023, which differs from our industry index used to assess relative performance of ROAE under the LTIP. Refer to “Long-Term Incentive Program” beginning on page 53.      
PEO Total Compensation Amount $ 1,522,312 $ 1,323,221 $ 2,375,909 $ 3,088,311
PEO Actually Paid Compensation Amount $ 1,447,110 1,596,289 2,306,068 1,606,062
Adjustment To PEO Compensation, Footnote CAP to CEO was calculated as follows:
Year
Summary Compensation Table Total for CEO
Change in Pension ValueFair Value of Current Year Equity Awards at Grant DatePension value attributable to Current Year's Service CostFair Value of Current Year Equity Awards at December 31Dividends Paid on Restricted StockChange in Fair Value of Prior Years' Awards Unvested at December 31Change in Fair Value of Prior Years' Awards That Vested During the YearFair Value of Awards Forfeited During the Year
Compensation Actually Paid to CEO
($)($)
($) (a)
($)
($)(a)
($)
($)(a)
($)(a)
($)($)
2023
1,522,312 (284,097)(304,590)155,856 388,077 9,519 122,115 (162,082)— 1,447,110 
20221,323,221 — (329,977)403,598 324,139 2,541 (48,298)(78,935)— 1,596,289 
20212,375,909 (820,719)(342,314)376,267 378,633 — 283,937 54,355 — 2,306,068 
20203,088,311 (1,716,445)(348,204)349,348 383,419 — (40,985)(109,382)— 1,606,062 
     
Non-PEO NEO Average Total Compensation Amount $ 803,573 512,046 594,080 627,250
Non-PEO NEO Average Compensation Actually Paid Amount $ 791,548 476,400 638,100 415,542
Adjustment to Non-PEO NEO Compensation Footnote
Average summary compensation actually paid to non-CEO named executive officers was calculated as follows:
YearAverage Summary Compensation Table Total for non-CEO Named Executive OfficersChange in Pension ValueFair Value of Current Year Equity Awards at Grant DatePension Value Attributable to Current Year's Service CostFair Value of Current Year Equity Awards at December 31Dividends Paid on Restricted StockChange in Fair Value of Prior Years' Awards Unvested at December 31Change in Fair Value of Prior Years' Awards That Vested During the YearFair Value of Awards Forfeited During the Year
Average Summary Compensation Actually Paid to non-CEO Named Executive Officers
($)(a)
($)
($)(b)
($)
($)(b)
($)
($)(b)
($)(b)
($)
($)(a)
2023
803,573 — (301,670)— 323,712 2,111 (5,532)(30,646)— 791,548 
2022512,046 — (92,679)— 88,998 663 (14,010)(18,618)— 476,400 
2021594,080 — (98,392)— 108,264 — 61,133 24,136 (51,121)638,100 
2020627,250 (133,519)(86,367)23,015 73,456 — (8,656)(36,156)(43,481)415,542 
a.Includes the compensation and current year equity awards for Mr. Griffiths who was appointed as the Company’s President and CEO on January 1, 2024.
b.Fair value was computed in accordance with the Company's methodology used for financial reporting purposes.
     
Compensation Actually Paid vs. Total Shareholder Return
Cumulative TSR The table below shows the relationship between CAP to CEO and the average of CAP to all other named executive officers, and the Company's TSR and peer group TSR for the period December 31, 2019 through December 31, 2023. The table assumes a $100 investment on December 31, 2019 and measures the amount by which the market value, assuming the reinvestment of dividends, has changed as of December 31, 2023:
image (4).jpg
The SEC requires companies to compare CAP to CEO and all other named executive officers to cumulative TSR however, we do not link CEO or all other named executive officers compensation to our cumulative TSR.
     
Compensation Actually Paid vs. Net Income
Net Income – The table below shows the relationship between CAP to CEO and the average of the CAP to all other named executive officers and the Company's net income:
image (5).jpg
The SEC requires companies to compare CAP to CEO and all other named executive officers to net income; however, we do not link CEO or all other named executive officers compensation to net income.
     
Compensation Actually Paid vs. Company Selected Measure
Diluted EPS – The table below shows the relationship between CAP to CEO and the average of the CAP to all other named executive officers and the Company's diluted EPS:
image (6).jpg
Diluted EPS is used by the Company to determine incentive payouts for all named executive officers, including the CEO, under the Company's LTIP
     
Tabular List, Table
Financial Performance Measures (1)
Diluted EPS
Relative Return on Average Equity
Net Income Before Taxes (NIBT)
     
Total Shareholder Return Amount $ 95.46 100.49 112.11 80.73
Peer Group Total Shareholder Return Amount 112.03 111.47 126.43 90.82
Net Income (Loss) $ 43,383,299 $ 61,439,377 $ 69,013,710 $ 59,486,202
Company Selected Measure Amount | $ / shares 2.97 4.17 4.60 3.95
PEO Name Gregory A. Dufour Gregory A. Dufour Gregory A. Dufour Gregory A. Dufour
Measure:: 1        
Pay vs Performance Disclosure        
Name Diluted EPS      
Measure:: 2        
Pay vs Performance Disclosure        
Name Relative Return on Average Equity      
Measure:: 3        
Pay vs Performance Disclosure        
Name Net Income Before Taxes (NIBT)      
PEO | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (284,097) $ 0 $ (820,719) $ (1,716,445)
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (304,590) (329,977) (342,314) (348,204)
PEO | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 155,856 403,598 376,267 349,348
PEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 388,077 324,139 378,633 383,419
PEO | Equity Awards, Value of Dividends Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,519 2,541 0 0
PEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 122,115 (48,298) 283,937 (40,985)
PEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (162,082) (78,935) 54,355 (109,382)
PEO | Equity Awards Forfeited During the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 (133,519)
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (301,670) (92,679) (98,392) (86,367)
Non-PEO NEO | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 23,015
Non-PEO NEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 323,712 88,998 108,264 73,456
Non-PEO NEO | Equity Awards, Value of Dividends Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,111 663 0 0
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,532) (14,010) 61,133 (8,656)
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (30,646) (18,618) 24,136 (36,156)
Non-PEO NEO | Equity Awards Forfeited During the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ (51,121) $ (43,481)