Pay vs Performance Disclosure
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12 Months Ended |
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Dec. 31, 2023
USD ($)
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Dec. 31, 2022
USD ($)
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Dec. 31, 2021
USD ($)
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Dec. 31, 2020
USD ($)
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| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
Pay Versus Performance Table
| | | | | | | | | | | | | | | | Value of initial fixed $100
investment based on: | | | | | | | | | Year | | | Summary
Compensation
table total for
CEO (1) | | | Compensation
actually paid
to CEO | | | Average
summary
compensation
table total for
non-CEO
NEOs (2) | | | Average
compensation
actually paid
to non-CEO
NEOs | | | Total
shareholder
return | | | Peer group
total
shareholder
return (3) | | | Net income | | | Return
on
average
equity | | | (a) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | | (h) | | | (i) | | | 2023 (4) | | | $ | 2,839,538 | | | $ | 4,982,645 | | | $ | 2,768,869 | | | $ | 3,191,500 | | | $ | 340 | | | $ | 109 | | | $ | 279,234,000 | | | | 17.63 | % | | 2022 (5) | | | $ | 1,908,889 | | | $ | 2,317,600 | | | $ | 3,038,319 | | | $ | 3,227,061 | | | $ | 192 | | | $ | 99 | | | $ | 219,721,000 | | | | 17.21 | % | | 2021 (6) | | | $ | 1,549,064 | | | $ | 2,159,020 | | | $ | 4,922,427 | | | $ | 5,895,969 | | | $ | 246 | | | $ | 120 | | | $ | 227,104,000 | | | | 22.07 | % | | 2020 (7) | | | $ | 1,578,683 | | | $ | 1,842,387 | | | $ | 2,984,136 | | | $ | 3,225,454 | | | $ | 143 | | | $ | 87 | | | $ | 180,533,000 | | | | 25.09 | % |
| (1) | Our Chief Executive Officer for each of 2023, 2022, 2021, and 2020 was Mr. Petrie. |
| (2) | Our Non-Chief Executive Officers for 2023 and 2022 were Messrs. Dunlap, Dury, Macke, and Schroeter. Our Non-Chief Executive Officers
for 2021 and 2020 were Messrs. Dunlap and Dury. |
| (3) | The peer group used was the Nasdaq Bank Index. |
| (4) | The compensation actually paid for Principal Executive Officer and our Non- Principal Executive Officers in 2023 includes portions
of equity awards from 2022, 2021, and 2020 that vested that year. |
| (5) | The compensation actually paid for Principal Executive Officer and our Non- Principal Executive Officers in 2022 includes portions
of equity awards from 2021, 2020, and 2019 that vested that year. |
| (6) | The compensation actually paid for Principal Executive Officer and our Non- Principal Executive Officers in 2021 includes portions
of equity awards from 2020, 2019, and 2018 that vested that year. |
| (7) | The compensation actually paid for Principal Executive Officer and our Non-Principal Executive Officers in 2020 includes portions
of equity awards from 2019, 2018, and 2017 that vested that year. |
The following table reconciles the Summary Compensation Table to the
Pay Versus Performance Table above. | Reconciliation: | | CEO | | Non-CEO Executive Officers (Averages) | | | Year | | 2023 | | 2022 | | 2021 | | 2020 | | 2023 | | 2022 | | 2021 | | 2020 | | | Summary Compensation Table Total Compensation | | $ | 2,839,538 | | $ | 1,908,889 | | $ | 1,549,064 | | $ | 1,578,683 | | $ | 2,768,869 | | $ | 3,038,319 | | $ | 4,922,427 | | $ | 2,984,136 | | | Less: Grant Date Value of Stock Awards in Fiscal Year | | $ | (954,001 | ) | $ | (858,507 | ) | $ | (728,014 | ) | $ | (656,264 | ) | $ | (320,659 | ) | $ | (289,006 | ) | $ | (400,405 | ) | $ | (319,391 | ) | | Add: Changes in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Year and Fiscal Year | | $ | 3,097,108 | | $ | 1,267,218 | | $ | 1,337,970 | | $ | 919,968 | | $ | 743,291 | | $ | 477,747 | | $ | 1,373,946 | | $ | 560,709 | | | Compensation Actually Paid | | $ | 4,982,645 | | $ | 2,317,600 | | $ | 2,159,020 | | $ | 1,842,387 | | $ | 3,191,500 | | $ | 3,227,061 | | $ | 5,895,969 | | $ | 3,225,454 | |
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| Company Selected Measure Name |
Return
on average equity
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| Named Executive Officers, Footnote |
(1)Our Chief Executive Officer for each of 2023, 2022, 2021, and 2020 was Mr. Petrie.(2)Our Non-Chief Executive Officers for 2023 and 2022 were Messrs. Dunlap, Dury, Macke, and Schroeter. Our Non-Chief Executive Officers
for 2021 and 2020 were Messrs. Dunlap and Dury.
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| Peer Group Issuers, Footnote |
(3)The peer group used was the Nasdaq Bank Index.
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| PEO Total Compensation Amount |
$ 2,839,538
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$ 1,908,889
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$ 1,549,064
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$ 1,578,683
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| PEO Actually Paid Compensation Amount |
$ 4,982,645
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2,317,600
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2,159,020
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1,842,387
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| Adjustment To PEO Compensation, Footnote |
The following table reconciles the Summary Compensation Table to the
Pay Versus Performance Table above. | Reconciliation: | | CEO | | Non-CEO Executive Officers (Averages) | | | Year | | 2023 | | 2022 | | 2021 | | 2020 | | 2023 | | 2022 | | 2021 | | 2020 | | | Summary Compensation Table Total Compensation | | $ | 2,839,538 | | $ | 1,908,889 | | $ | 1,549,064 | | $ | 1,578,683 | | $ | 2,768,869 | | $ | 3,038,319 | | $ | 4,922,427 | | $ | 2,984,136 | | | Less: Grant Date Value of Stock Awards in Fiscal Year | | $ | (954,001 | ) | $ | (858,507 | ) | $ | (728,014 | ) | $ | (656,264 | ) | $ | (320,659 | ) | $ | (289,006 | ) | $ | (400,405 | ) | $ | (319,391 | ) | | Add: Changes in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Year and Fiscal Year | | $ | 3,097,108 | | $ | 1,267,218 | | $ | 1,337,970 | | $ | 919,968 | | $ | 743,291 | | $ | 477,747 | | $ | 1,373,946 | | $ | 560,709 | | | Compensation Actually Paid | | $ | 4,982,645 | | $ | 2,317,600 | | $ | 2,159,020 | | $ | 1,842,387 | | $ | 3,191,500 | | $ | 3,227,061 | | $ | 5,895,969 | | $ | 3,225,454 | |
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| Non-PEO NEO Average Total Compensation Amount |
$ 2,768,869
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3,038,319
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4,922,427
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2,984,136
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 3,191,500
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3,227,061
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5,895,969
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3,225,454
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| Adjustment to Non-PEO NEO Compensation Footnote |
The following table reconciles the Summary Compensation Table to the
Pay Versus Performance Table above. | Reconciliation: | | CEO | | Non-CEO Executive Officers (Averages) | | | Year | | 2023 | | 2022 | | 2021 | | 2020 | | 2023 | | 2022 | | 2021 | | 2020 | | | Summary Compensation Table Total Compensation | | $ | 2,839,538 | | $ | 1,908,889 | | $ | 1,549,064 | | $ | 1,578,683 | | $ | 2,768,869 | | $ | 3,038,319 | | $ | 4,922,427 | | $ | 2,984,136 | | | Less: Grant Date Value of Stock Awards in Fiscal Year | | $ | (954,001 | ) | $ | (858,507 | ) | $ | (728,014 | ) | $ | (656,264 | ) | $ | (320,659 | ) | $ | (289,006 | ) | $ | (400,405 | ) | $ | (319,391 | ) | | Add: Changes in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Year and Fiscal Year | | $ | 3,097,108 | | $ | 1,267,218 | | $ | 1,337,970 | | $ | 919,968 | | $ | 743,291 | | $ | 477,747 | | $ | 1,373,946 | | $ | 560,709 | | | Compensation Actually Paid | | $ | 4,982,645 | | $ | 2,317,600 | | $ | 2,159,020 | | $ | 1,842,387 | | $ | 3,191,500 | | $ | 3,227,061 | | $ | 5,895,969 | | $ | 3,225,454 | |
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| Compensation Actually Paid vs. Total Shareholder Return |
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| Compensation Actually Paid vs. Net Income |
CAP and the Company’s
Net Income
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| Compensation Actually Paid vs. Company Selected Measure |
CAP and Return on Average
Equity
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| Total Shareholder Return Vs Peer Group |
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| Tabular List, Table |
The most important financial performance measures
we used in 2023 to set the compensation for our Principal Executive Officer and our Non-Principal Executive Officers were total revenue,
earnings per common share, and return on average equity.
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| Total Shareholder Return Amount |
$ 340
|
192
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246
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143
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| Peer Group Total Shareholder Return Amount |
109
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99
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120
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87
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| Net Income (Loss) |
$ 279,234,000
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$ 219,721,000
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$ 227,104,000
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$ 180,533,000
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| Company Selected Measure Amount |
17.63
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17.21
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22.07
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25.09
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| PEO Name |
Mr. Petrie.
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Name |
revenue
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
earnings per common share
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| Measure:: 3 |
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| Pay vs Performance Disclosure |
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| Name |
return on average equity.
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| PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (954,001)
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$ (858,507)
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$ (728,014)
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$ (656,264)
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| PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
3,097,108
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1,267,218
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1,337,970
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919,968
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| Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(320,659)
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(289,006)
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(400,405)
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(319,391)
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| Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ 743,291
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$ 477,747
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$ 1,373,946
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$ 560,709
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