XML 22 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
 
PAY VERSUS PERFORMANCE
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”)
and non-PEO NEOs
and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
   Year
     
Summary
Compensation
Table Total for
PEO¹
($)
     
Compensation
Actually Paid
to PEO
1,2,3
 
($)
     
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
1
 
($)
     
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3
 
($)
     
Value of Initial Fixed
$100 Investment
Based on:
4
        
    
TSR
($)
     
Peer Group
TSR
($)
  
Net
Income
($ Millions)
  
PPNR
5
($)
   (a)
      (b)      (c)      (d)      (e)      (f)      (g)   (h)  
  2024
      860,491      860,491      550,912      676,062      109      144   18,623   92,021
  2023
      984,444      984,439      445,548      495,768      112      107   29,483   104,062
  2022
      1,615,316      1,593,934      483,328      544,443      149      98   45,579   113,945
  2021
      1,270,996      1,272,253      325,798      340,863      124      119   34,240   97,393
 
  1.
Michael A Shriner was our PEO for 2024. Thomas M. Coughlin was our PEO for 2023 and 2022. The individuals comprising
the non-PEO
NEOs for each fiscal year are listed below.
 
2021
  
2022
   
2023
   
2024    
Ryan Blake, COO   Ryan Blake, COO    Ryan Blake, COO    Ryan Blake, COO
Kenneth Emerson, CSRO   Kenneth Emerson, CSRO    Kenneth Emerson, CSRO    Jawad Chaudhry, CFO
Thomas Keating, CFO   Jawad Chaudhry, CFO    Jawad Chaudhry, CFO    David R. Garcia, CLO
David R. Garcia, CLO   David R. Garcia, CLO    David R. Garcia, CLO    Sandra Sievewright, CCO
 
2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of
Regulation S-K and
do not reflect
compensation actually earned, realized, or received by the Company’s NEOs.
 
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and
the non-PEO NEOs
as set forth below. Equity
values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option
Awards
column are the totals from
the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 27.
 
      
Summary Compensation
Table Total
for PEO
($)
     
Exclusion of Stock
Awards and
Option Awards for
PEO
($)
     
Inclusion of Equity
Values for PEO
($)
     
Compensation Actually 
Paid to PEO
($)
2024      860,491      -      -      860,491
2023      984,444      -      (5)      984,439
2022      1,615,316      (354,170)      332,788      1,593,934
2021      1,270,996      (42,936)      44,193      1,272,253
 
 Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs
 
($)
   
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
   
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
   
Average Compensation 
Actually Paid to
Non-PEO
NEOs
($)
2024
    550,912    (118,000)    243,150    676,062
2023
    445,548    (37,341)    87,561    495,768
2022
    483,328    (42,774)    103,889    544,443
2021
    325,798    (807)    15,872    340,863
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
 
 
  Year
 
   
Year-End Fair
Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
PEO
($)
 
   
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
PEO
($)
 
   
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
PEO
($)
 
   
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
PEO
($)
 
   
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
PEO
($)
 
   
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
PEO
($)
 
   
Total—
Inclusion of
Equity Values 
for PEO
($)
 
 2024    —    —    —    —    —    —    —
 2023    —    (7)    —    2    —    —    (5)
 2022    53,970    (43,266)    320,450    1,634    —    —    332,788
 2021    37,032    (40,457)    —    47,618    —    —    44,193
 
Year
 
   
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
 
   
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
 
   
 
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
 
   
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
 
2024    148,000    30,000    65,150    243,150
2023    81,122    6,439    —    87,561
2022    8,051    6,538    89,300    103,889
2021    9,065    6,807    —    15,872
 
4.
The referenced Peer Group TSR utilizes the S&P U.S. BMI Banks Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended March 31, 2024. The comparison assumes $100 was invested for the period starting March 31, 2020, through the end of the listed fiscal year in the Company and in the S&P U.S. BMI Banks Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
Pre-Provision
Net Revenue (“PPNR”) represents the sum of the Company’s net interest income and
non-interest
income less expenses, excluding its provision for loan losses.
     
Company Selected Measure Name Pre-Provision Net Revenue (“PPNR”)      
Named Executive Officers, Footnote
  1.
Michael A Shriner was our PEO for 2024. Thomas M. Coughlin was our PEO for 2023 and 2022. The individuals comprising
the non-PEO
NEOs for each fiscal year are listed below.
     
Peer Group Issuers, Footnote The referenced Peer Group TSR utilizes the S&P U.S. BMI Banks Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended March 31, 2024. The comparison assumes $100 was invested for the period starting March 31, 2020, through the end of the listed fiscal year in the Company and in the S&P U.S. BMI Banks Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. 		     
PEO Total Compensation Amount $ 860,491 $ 984,444 $ 1,615,316 $ 1,270,996
PEO Actually Paid Compensation Amount $ 860,491 984,439 1,593,934 1,272,253
Adjustment To PEO Compensation, Footnote
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and
the non-PEO NEOs
as set forth below. Equity
values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option
Awards
column are the totals from
the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 27.
 
      
Summary Compensation
Table Total
for PEO
($)
     
Exclusion of Stock
Awards and
Option Awards for
PEO
($)
     
Inclusion of Equity
Values for PEO
($)
     
Compensation Actually 
Paid to PEO
($)
2024      860,491      -      -      860,491
2023      984,444      -      (5)      984,439
2022      1,615,316      (354,170)      332,788      1,593,934
2021      1,270,996      (42,936)      44,193      1,272,253
 
  Year
 
   
Year-End Fair
Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
PEO
($)
 
   
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
PEO
($)
 
   
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
PEO
($)
 
   
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
PEO
($)
 
   
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
PEO
($)
 
   
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
PEO
($)
 
   
Total—
Inclusion of
Equity Values 
for PEO
($)
 
 2024    —    —    —    —    —    —    —
 2023    —    (7)    —    2    —    —    (5)
 2022    53,970    (43,266)    320,450    1,634    —    —    332,788
 2021    37,032    (40,457)    —    47,618    —    —    44,193
      
Non-PEO NEO Average Total Compensation Amount $ 550,912 445,548 483,328 325,798
Non-PEO NEO Average Compensation Actually Paid Amount $ 676,062 495,768 544,443 340,863
Adjustment to Non-PEO NEO Compensation Footnote
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and
the non-PEO NEOs
as set forth below. Equity
values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option
Awards
column are the totals from
the Stock Awards and Option Awards columns of our 2023 Summary Compensation Table on page 27.
 Year
   
Average Summary
Compensation Table
Total for Non-PEO NEOs
 
($)
   
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
   
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
   
Average Compensation 
Actually Paid to
Non-PEO
NEOs
($)
2024
    550,912    (118,000)    243,150    676,062
2023
    445,548    (37,341)    87,561    495,768
2022
    483,328    (42,774)    103,889    544,443
2021
    325,798    (807)    15,872    340,863
Year
 
   
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
 
   
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
 
   
 
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
 
   
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
 
2024    148,000    30,000    65,150    243,150
2023    81,122    6,439    —    87,561
2022    8,051    6,538    89,300    103,889
2021    9,065    6,807    —    15,872
      
Compensation Actually Paid vs. Total Shareholder Return
The following graph sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
our Non-PEO NEOs,
the total shareholder return information for the S&P US BMI Banks Index and the NASDAQ Composite Index, and the Company’s cumulative TSR over the four most recently completed fiscal years.
 
LOGO
 
 
 Pay vs Performance TSR Table
                            
       
Index
     
12/31/21
       
12/31/22
       
12/31/23
       
12/31/24
  
 BCB Bancorp, Inc.
      123.68        149.25        112.27        109.45  
 NASDAQ Composite Index
      177.06        119.45        172.77        223.87  
 S&P U.S. BMI Banks Index
      118.61        98.38        107.32        143.68  
Compensation Element
            
 Compensation Actually Paid to Non-PEOs ($000s)
      341        544        496        676  
 Compensation Actually Paid to PEO ($000s)
      1,272        1,594        984        860  
      
Compensation Actually Paid vs. Net Income
The following graph sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
our Non-PEO NEOs,
and our Net Income during the four most recently completed fiscal years.
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
The following graph sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
our Non-PEO NEOs,
and our PPNR during the four most recently completed fiscal years.
 
LOGO
     
Total Shareholder Return Vs Peer Group
The following graph sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
our Non-PEO NEOs,
the total shareholder return information for the S&P US BMI Banks Index and the NASDAQ Composite Index, and the Company’s cumulative TSR over the four most recently completed fiscal years.
 
LOGO
 
 
 Pay vs Performance TSR Table
                            
       
Index
     
12/31/21
       
12/31/22
       
12/31/23
       
12/31/24
  
 BCB Bancorp, Inc.
      123.68        149.25        112.27        109.45  
 NASDAQ Composite Index
      177.06        119.45        172.77        223.87  
 S&P U.S. BMI Banks Index
      118.61        98.38        107.32        143.68  
Compensation Element
            
 Compensation Actually Paid to Non-PEOs ($000s)
      341        544        496        676  
 Compensation Actually Paid to PEO ($000s)
      1,272        1,594        984        860  
      
Tabular List, Table
Company’s Most Important Financial Performance Measures
 
The following were the most important financial performance measures used to
link
our named executive officers’ compensation actually paid to the Company’s financial performance for the most recently completed fiscal year:
Pre-Provision
Net Revenue, the Total Risk-Based Capital Ratio,
Non-Performing
Assets as a Percentage of Total Assets, and the Net Interest Margin.
     
Total Shareholder Return Amount $ 109 112 149 124
Peer Group Total Shareholder Return Amount 144 107 98 119
Net Income (Loss) $ 18,623,000,000 $ 29,483,000,000 $ 45,579,000,000 $ 34,240,000,000
Company Selected Measure Amount 92,021 104,062 113,945 97,393
PEO Name Michael A Shriner Thomas M. Coughlin Thomas M. Coughlin  
Measure:: 1        
Pay vs Performance Disclosure        
Name Pre-Provision Net Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Total Risk-Based Capital Ratio      
Measure:: 3        
Pay vs Performance Disclosure        
Name Non-Performing Assets as a Percentage of Total Assets      
Measure:: 4        
Pay vs Performance Disclosure        
Name Net Interest Margin      
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ (5) $ 332,788 $ 44,193
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     53,970 37,032
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   (7) (43,266) (40,457)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     320,450  
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   2 1,634 47,618
PEO | Exclusion Of Stock Awards And Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     (354,170) (42,936)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 243,150 87,561 103,889 15,872
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 148,000 81,122 8,051 9,065
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 30,000 6,439 6,538 6,807
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 65,150   89,300  
Non-PEO NEO | Exclusion Of Stock Awards And Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (118,000) $ (37,341) $ (42,774) $ (807)