How Hedges was paid
$489,645 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| David A. HedgesPresident and Chief Executive Officer of the Bank and the Company | $350,002 | $70,000 | $15,587 | $54,056 | $489,645 |
| Robert L. SmithSenior Vice President and Chief Lending Officer of the Bank | $250,501 | $43,838 | $11,931 | $10,778 | $317,048 |
| W. James Walker, IVSenior Vice President and Chief Financial Officer of the Bank and the Company | $254,176 | $37,000 | $12,215 | $10,797 | $314,188 |
What changed and why
- $490KDavid A. Hedges total compensation increased to $489,645 in 2025 from $393,222 in 2024.
- Restricted stock units were granted for the first time under the 2024 Equity and Incentive Compensation Plan on July 24, 2025.
- The company does not offer any pension or nonqualified deferred compensation benefits to its named executive officers.
- The company has no severance or change in control agreements with any named executive officers.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.