How Frederick was paid
$393,421 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 |
|---|---|---|---|---|---|
| Michael C. FrederickPresident, Chief Executive Officer | $293,810 | $15,240 | $42,344 | $42,027 | $393,421 |
| Joshua P. StevensChief Financial Officer | $215,627 | $15,240 | $35,875 | $27,420 | $294,162 |
| Joseph D. MahuronChief Credit Officer | $151,564 | $15,240 | $28,113 | $42,208 | $237,125 |
What changed and why
- $393KCEO total compensation increased to $393,421 in fiscal 2025.
- Stock awards of 300 shares were granted to executive officers on March 11, 2025.
- Non-equity incentive compensation was earned under a supplemental bonus plan based on profitability and efficiency.
- $16.4MNet income for the Company rose to $16,367,000 for the 2025 fiscal year.
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.