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Name(1) | | | Common Stock Beneficially Owned | | | Exercisable Options Included in Common Stock Beneficially Owned | | | Percentage of Class | | |||||||||
Directors | | | | | | | | | | | | | | | | | | | |
Marc N. Duber | | | | | 3,668 | | | | | | — | | | | | | * | | |
Patricia A. Ferrick(2) | | | | | 238,283 | | | | | | 110,348 | | | | | | 1.34% | | |
L. Burwell Gunn | | | | | 134,118 | | | | | | 87,397 | | | | | | * | | |
Meena Krishnan | | | | | 18,775 | | | | | | — | | | | | | * | | |
Scott Laughlin | | | | | 209,846 | | | | | | 70,309 | | | | | | 1.18% | | |
Thomas L. Patterson | | | | | 214,340 | | | | | | 70,309 | | | | | | 1.21% | | |
David W. Pijor(2) | | | | | 733,229 | | | | | | 292,968 | | | | | | 4.08% | | |
Devin Satz | | | | | 209,789 | | | | | | 70,309 | | | | | | 1.18% | | |
Lawrence W. Schwartz | | | | | 127,406 | | | | | | 70,309 | | | | | | * | | |
Sidney G. Simmonds | | | | | 129,450 | | | | | | 70,309 | | | | | | * | | |
Daniel M. Testa | | | | | 259,724 | | | | | | 82,515 | | | | | | 1.46% | | |
Philip R. Wills III | | | | | 320,697 | | | | | | 70,309 | | | | | | 1.81% | | |
Steven M. Wiltse | | | | | 32,078 | | | | | | — | | | | | | * | | |
Named Executive Officers who are not Directors | | | | | | | | | | | | | | | | | | | |
William G. Byers | | | | | 98,235 | | | | | | 67,381 | | | | | | * | | |
All directors and executive officers of the Company as a group (18 persons) | | | | | 3,005,390 | | | | | | 1,185,027 | | | | | | 15.94% | | |
Five percent shareholders | | | | | | | | | | | | | | | | | | | |
Nino R. Vaghi(3) | | | | | 986,868 | | | | | | — | | | | | | 5.58% | | |
Endeavor Capital Advisors, Inc.(4) | | | | | 1,032,035 | | | | | | — | | | | | | 5.84% | | |
Fourthstone LLC(5) | | | | | 1,146,967 | | | | | | — | | | | | | 6.49% | | |
Name(1) | Common Stock Beneficially Owned | Exercisable Options Included in Common Stock Beneficially Owned | Percentage of Class | |||||||||||||||||||||||||||||
Directors Marc N. Duber | 3,668 | - | * | |||||||||||||||||||||||||||||
Patricia A. Ferrick (2) | 246,857 | 110,348 | 1.37 | % | ||||||||||||||||||||||||||||
L. Burwell Gunn | 111,689 | 62,984 | * | |||||||||||||||||||||||||||||
Meena Krishnan | 19,400 | - | * | |||||||||||||||||||||||||||||
Scott Laughlin | 210,893 | 70,309 | 1.18 | % | ||||||||||||||||||||||||||||
David W. Pijor (2) | 732,057 | 292,968 | 4.03 | % | ||||||||||||||||||||||||||||
Devin Satz | 208,930 | 70,309 | 1.16 | % | ||||||||||||||||||||||||||||
Lawrence W. Schwartz | 82,123 | 45,896 | * | |||||||||||||||||||||||||||||
Sidney G. Simmonds | 131,122 | 70,309 | * | |||||||||||||||||||||||||||||
Daniel M. Testa | 236,983 | 58,102 | 1.32 | % | ||||||||||||||||||||||||||||
Philip R. Wills III | 258,990 | 70,309 | 1.44 | % | ||||||||||||||||||||||||||||
Steven M. Wiltse | 33,750 | - | * | |||||||||||||||||||||||||||||
Named Executive Officers who are not Directors William G. Byers(3) | 76,140 | 47,850 | * | |||||||||||||||||||||||||||||
All directors and executive officers of the Company as a group (18 persons) | 2,647,251 | 1,022,801 | 13.99 | % | ||||||||||||||||||||||||||||
Five percent shareholders | ||||||||||||||||||||||||||||||||
Nino R. Vaghi (4) | 986,868 | - | 5.52 | % | ||||||||||||||||||||||||||||
Endeavor Capital Advisors, Inc.(5) | 1,337,153 | - | 7.48 | % | ||||||||||||||||||||||||||||
FJ Capital Management LLC (6) | 1,283,807 | - | 7.18 | % | ||||||||||||||||||||||||||||
BlackRock, Inc. (7) | 936,687 | - | 5.24 | % | ||||||||||||||||||||||||||||
Name | Age | Position | |||||||||||||||
William G. Byers | |||||||||||||||||
Alissa M. Curry Briggs | 49 | Chief Lending Officer and Executive Vice President of the Company and the Bank | |||||||||||||||
Jennifer L. Deacon | Chief Financial Officer and Executive Vice President of Company and the Bank | ||||||||||||||||
B. Todd Dempsey | Chief Operating Officer and Executive Vice President of Company and the Bank | ||||||||||||||||
Sharon L. Jackson | Chief Banking Officer and Executive Vice President of the Bank | ||||||||||||||||
Michael G. Nassy | Chief Credit Officer and Executive Vice President of the Company and the Bank |
| | | | | | ||||||
| Total Number of Directors | | | 13 | | | | ||||
| Part I: Gender Identify | | | Female | | | Male | | | Did Not Disclose Gender | |
| Directors | | | 2 | | | 9 | | | 2 | |
| Part II: Demographic Background | | | | | | | | | | |
| Asian | | | 1 | | | | | | | |
| White | | | 1 | | | 9 | | | | |
| Did Not Disclose Demographic Background | | | | | | | | | 2 | |
Board Diversity Matrix (1) as of April 5, 2024 | |||||||||||
Total Number of Directors | 12 | ||||||||||
Part I: Gender Identify | Female | Male | Did Not Disclose Gender | ||||||||
Directors | 1 | 8 | 3 | ||||||||
Part II: Demographic Background | |||||||||||
Asian | 1 | ||||||||||
White | 8 | ||||||||||
Did Not Disclose Demographic Background | 3 |
Name | | Fees Earned or Paid in Cash | | Stock Awards(1) | | All Other Compensation | | Total | | Name | Fees Earned or Paid in Cash | Stock Awards(1) | All Other Compensation | Total | ||||||||||||||||||||||||||||
Morton A. Bender | | | $ | 12,817 | | | | $ | — | | | | $ | — | | | | $ | 12,817 | | | |||||||||||||||||||||
Marc N. Duber | | | | 7,485 | | | | $ | 6,766 | | | | | — | | | | | 14,250 | | | $ 57,200 | $— | $57,200 | ||||||||||||||||||
L. Burwell Gunn | | | | 70,667 | | | | | 55,770 | | | | | — | | | | | 126,437 | | | L. Burwell Gunn | 67,800 | — | 67,800 | |||||||||||||||||
Meena Krishnan | | | | 66,767 | | | | | 37,180 | | | | | — | | | | | 103,947 | | | Meena Krishnan | 67,800 | — | 67,800 | |||||||||||||||||
Scott Laughlin | | | | 60,367 | | | | | 55,770 | | | | | — | | | | | 116,137 | | | Scott Laughlin | 60,800 | — | 60,800 | |||||||||||||||||
Thomas L. Patterson | | | | 70,467 | | | | | 55,770 | | | | | — | | | | | 126,237 | | | 31,700 | — | 31,700 | ||||||||||||||||||
Devin Satz | | | | 57,767 | | | | | 55,770 | | | | | — | | | | | 113,537 | | | Devin Satz | 58,600 | — | 58,600 | |||||||||||||||||
Lawrence W. Schwartz | | | | 74,667 | | | | | 55,770 | | | | | — | | | | | 130,437 | | | Lawrence W. Schwartz | 71,800 | — | 71,800 | |||||||||||||||||
Sidney G. Simmonds | | | | 58,267 | | | | | 37,180 | | | | | — | | | | | 95,447 | | | Sidney G. Simmonds | 58,400 | — | 58,400 | |||||||||||||||||
Daniel M. Testa | | | | 58,567 | | | | | 37,180 | | | | | — | | | | | 95,747 | | | Daniel M. Testa | 58,000 | — | 58,000 | |||||||||||||||||
Philip R. Wills, III | | | | 62,667 | | | | | 37,180 | | | | | — | | | | | 99,847 | | | Philip R. Wills, III | 63,000 | — | 63,000 | |||||||||||||||||
Steven M. Wiltse | | | | 66,267 | | | | | 37,180 | | | | | — | | | | | 103,447 | | | Steven M. Wiltse | 64,600 | — | 64,600 |
Name and Principal Position | | | Year | | | Salary | | | Bonus(1) | | | Stock Awards(2) | | | Option Awards | | | All Other Compensation(3) | | | Total | | |||||||||||||||||||||
David W. Pijor, Chief Executive Officer | | | | | 2022 | | | | | $ | 801,667 | | | | | $ | 544,741 | | | | | $ | 185,900 | | | | | $ | — | | | | | $ | 105,431 | | | | | $ | 1,637,739 | | |
| | | | | 2021 | | | | | | 750,000 | | | | | | 790,000 | | | | | | 300,006 | | | | | | — | | | | | | 33,130 | | | | | | 1,873,136 | | |
Patricia A. Ferrick, President | | | | | 2022 | | | | | | 481,333 | | | | | | 215,834 | | | | | | 130,130 | | | | | | — | | | | | | 81,955 | | | | | | 909,252 | | |
| | | | | 2021 | | | | | | 451,667 | | | | | | 285,000 | | | | | | 199,998 | | | | | | — | | | | | | 20,133 | | | | | | 956,798 | | |
William G. Byers, Executive Vice President & Chief Lending Officer | | | | | 2022 | | | | | | 355,446 | | | | | | 80,000 | | | | | | 111,540 | | | | | | — | | | | | | 19,736 | | | | | | 566,722 | | |
| | | | | 2021 | | | | | | 341,250 | | | | | | 103,194 | | | | | | 122,430 | | | | | | — | | | | | | 19,330 | | | | | | 586,204 | | |
Name and Principal Position | Year | Salary | Bonus(1) | Stock Awards(2) | Option Awards | All Other Compensation(3) | Total | |||||||||||||||||||
David W. Pijor, Chief Executive Officer | 2023 | $810,000 | $— | $— | $— | $79,210 | $889,210 | |||||||||||||||||||
2022 | 801,667 | 544,741 | 185,900 | — | 105,431 | 1,637,739 | ||||||||||||||||||||
Patricia A. Ferrick, President | 2023 | 486,000 | — | — | — | 61,863 | 547,863 | |||||||||||||||||||
2022 | 481,333 | 215,834 | 130,130 | — | 81,955 | 909,252 | ||||||||||||||||||||
William G. Byers, Executive Vice President & Chief Lending Officer | 2023 | 363,702 | — | 20,440 | — | 40,495 | 424,637 | |||||||||||||||||||
2022 | 355,446 | 80,000 | 111,540 | — | 19,736 | 566,722 |
Name | | | Year | | | Car Allowance | | | Personal Use of Company Owned Vehicle | | | Insurance Premiums | | | 401(k) Matching Contributions | | | Supplemental Retirement Plan Vesting(4) | | | Total | | |||||||||||||||||||||
David W. Pijor | | | | | 2022 | | | | | $ | 12,000 | | | | | $ | — | | | | | $ | 10,920 | | | | | $ | 10,675 | | | | | $ | 71,836 | | | | | $ | 105,431 | | |
| | | | | 2021 | | | | | | 12,000 | | | | | | — | | | | | | 10,980 | | | | | | 10,150 | | | | | | — | | | | | | 33,130 | | |
Patricia A. Ferrick | | | | | 2022 | | | | | | — | | | | | | 2,250 | | | | | | 9,120 | | | | | | 10,675 | | | | | | 59,910 | | | | | | 81,955 | | |
| | | | | 2021 | | | | | | — | | | | | | 783 | | | | | | 9,180 | | | | | | 10,150 | | | | | | — | | | | | | 20,133 | | |
William G. Byers | | | | | 2022 | | | | | | — | | | | | | — | | | | | | 9,120 | | | | | | 10,616 | | | | | | — | | | | | | 19,736 | | |
| | | | | 2021 | | | | | | — | | | | | | — | | | | | | 9,180 | | | | | | 10,150 | | | | | | — | | | | | | 19,330 | | |
Name | Year | Car Allowance | Personal Use of Company Owned Vehicle | Insurance Premiums | 401(k) Matching Contributions | Supplemental Retirement Plan Vesting (4) | Total | ||||||||||||||||||||||
David W. Pijor | 2023 | $12,000 | $— | $10,800 | $7,312 | $49,098 | $79,210 | ||||||||||||||||||||||
2022 | 12,000 | — | 10,920 | 10,675 | 71,836 | 105,431 | |||||||||||||||||||||||
Patricia A. Ferrick | 2023 | — | 1,567 | 7,800 | 11,550 | 40,946 | 61,863 | ||||||||||||||||||||||
2022 | — | 2,250 | 9,120 | 10,675 | 59,910 | 81,955 | |||||||||||||||||||||||
William G. Byers | 2023 | — | — | 9,600 | 11,550 | 19,345 | 40,495 | ||||||||||||||||||||||
2022 | — | — | 9,120 | 10,616 | — | 19,736 |
Option Awards | Stock Awards | |||||||||||||||||||||||||
Name | Number of Securities Underlying Unexercised Options Exercisable | Number of Securities Underlying Unexercised Options Unexercisable | Option Exercise Price | Option Expiration Date | Number of Shares or Units of Stock that Have Not Vested | Market Value of Shares or Units of Stock that Have Not Vested(4) | ||||||||||||||||||||
David W. Pijor | 97,656 | — | $5.56 | 6/26/2024 | 10,721 | (1) | $152,238 | |||||||||||||||||||
97,656 | — | 6.85 | 3/1/2025 | 9,375 | (2) | 133,125 | ||||||||||||||||||||
97,656 | — | 9.22 | 5/19/2026 | — | — | |||||||||||||||||||||
Patricia A. Ferrick | 34,178 | — | 5.56 | 6/26/2024 | 7,147 | (1) | 101,480 | |||||||||||||||||||
39,062 | — | 6.85 | 3/1/2025 | 6,563 | (2) | 93,188 | ||||||||||||||||||||
37,108 | — | 9.22 | 5/19/2026 | — | — | |||||||||||||||||||||
William G. Byers | 19,531 | — | 5.56 | 6/26/2026 | 4,375 | (1) | 62,125 | |||||||||||||||||||
24,413 | — | 6.85 | 3/1/2025 | 5,625 | (2) | 79,975 | ||||||||||||||||||||
23,437 | — | 9.22 | 5/19/2026 | 2,000 | (3) | 28,400 |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||
Name | | | Number of Securities Underlying Unexercised Options Exercisable | | | Number of Securities Underlying Unexercised Options Unexercisable | | | Option Exercise Price | | | Option Expiration Date | | | Number of Shares or Units of Stock that Have Not Vested | | | Market Value of Shares or Units of Stock that Have Not Vested(4) | | ||||||||||||||||||
David W. Pijor | | | | | 85,447 | | | | | | — | | | | | $ | 5.73 | | | | | | 3/1/2023 | | | | | | 3,750(1) | | | | | $ | 57,225 | | |
| | | | | 97,656 | | | | | | — | | | | | | 5.56 | | | | | | 6/26/2024 | | | | | | 16,081(2) | | | | | | 245,396 | | |
| | | | | 97,656 | | | | | | — | | | | | | 6.85 | | | | | | 3/1/2025 | | | | | | 12,500(3) | | | | | | 190,750 | | |
| | | | | 97,656 | | | | | | — | | | | | | 9.22 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
Patricia A. Ferrick | | | | | 28,178 | | | | | | — | | | | | | 5.73 | | | | | | 3/1/2023 | | | | | | 2,813(1) | | | | | | 42,926 | | |
| | | | | 34,178 | | | | | | — | | | | | | 5.56 | | | | | | 6/26/2024 | | | | | | 10,720(2) | | | | | | 163,587 | | |
| | | | | 39,062 | | | | | | — | | | | | | 6.85 | | | | | | 3/1/2025 | | | | | | 8,750(3) | | | | | | 133,525 | | |
| | | | | 37,108 | | | | | | — | | | | | | 9.22 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
William G. Byers | | | | | 21,971 | | | | | | — | | | | | | 5.73 | | | | | | 3/1/2023 | | | | | | 1,875(1) | | | | | | 28,613 | | |
| | | | | 19,531 | | | | | | — | | | | | | 5.56 | | | | | | 6/26/2024 | | | | | | 6,563(2) | | | | | | 100,151 | | |
| | | | | 24,413 | | | | | | — | | | | | | 6.85 | | | | | | 3/1/2025 | | | | | | 7,500(3) | | | | | | 114,450 | | |
| | | | | 23,437 | | | | | | — | | | | | | 9.22 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
Year | Summary Compensation for PEO (1) | Compensation Actually Paid to PEO(1)(2) | Average Summary Compensation Total for Non-PEO NEOs(3) | Average Compensation Actually Paid to Non-PEO NEOs(3)(4) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return(5) | Net Income ($ in thousands) | ||||||||||||||
2023 | $889,210 | $470,722 | $391,479 | $296,708 | $100.80 | $3,822 | ||||||||||||||
2022 | 1,637,739 | 1,454,585 | 575,326 | 462,664 | 108.29 | 24,984 |
Year | Summary Compensation Total (SCT) for PEO | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years | Year over Year change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Compensation Actually Paid to PEO | ||||||||||||
2023 | $889,210 | $(21,301) | $(397,187) | $— | $470,722 | ||||||||||||
2022 | 1,637,739 | (9,519) | (173,635) | — | 1,454,585 |
Year | Average Reported Summary Compensation Total for Non-PEO NEOs | Average Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years | Average Year over Year change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Compensation Actually Paid to PEO | ||||||||||||
2023 | $391,479 | $(9,608) | $(85,163) | $— | $296,708 | ||||||||||||
2022 | 575,326 | (9,291) | (103,371) | — | 462,664 |
Audit Committee | |||||||||||
Lawrence W. Schwartz, Chairman Scott Laughlin Sidney G. Simmonds |