How Mordell was paid
$1.4M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Mark D. MordellChairman and Chief Executive Officer | $525,000 | $231,961 | $590,130 | $72,774 | $1,419,865 |
| Patrick T. OakesExecutive Vice President and Chief Financial Officer | $365,181 | $140,124 | $319,805 | $37,980 | $863,090 |
| Gina Thoma-PetersonExecutive Vice President and Chief Operating Officer | $335,070 | $129,986 | $298,205 | $21,050 | $784,311 |
What changed and why
- $1.4MCEO total compensation decreased to $1,419,865 in fiscal 2025 from $2,151,427 in fiscal 2024.
- $525KBase salary for CEO Mark D. Mordell remained unchanged at $525,000 for fiscal 2025.
- $1.2MStock awards for the CEO decreased from $1,179,493 in 2024 to $231,961 in 2025.
- 75%Annual bonuses are paid as 75 percent cash and 25 percent restricted stock awards.
- Performance goals include net income, loan growth, deposit growth, and credit quality.
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.