How Dively was paid
$2.1M 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 |
|---|---|---|---|---|---|
| Joseph R. DivelyChairman & Chief Executive Officer | $543,400 | $514,272 | $1,019,364 | $32,301 | $2,109,337 |
| Matthew K. SmithPresident | $361,737 | $192,852 | $419,843 | $35,806 | $1,010,238 |
| Michael L. TaylorSr Executive Vice President & Chief Operating Officer | $360,901 | $149,996 | $364,399 | $34,106 | $909,402 |
| Jordan D. ReadExecutive Vice President & Chief Financial & Risk Officer | $278,150 | $149,996 | $290,145 | $58,191 | $776,482 |
| Eric S. McRaeExecutive Vice President & Chief Lending Officer | $304,157 | $149,996 | $237,096 | $40,865 | $732,114 |
What changed and why
- $2.1MJoseph R. Dively received total compensation of $2,109,337 in 2025, representing an increase from the prior year.
- Base salaries for named executive officers were adjusted effective March 31, 2025 to maintain competitive positioning.
- Annual cash incentives were tied primarily to net income, asset quality, and efficiency metrics.
- Performance-based restricted stock units were earned above target levels based on 2025 performance outcomes.
- The CEO to median employee pay ratio was determined to be 44 to 1 for the 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.