How Dauby 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| D. Neil DaubyChairman and Chief Executive Officer | $770,000 | $517,464 | $602,525 | — | $178,547 | $2,068,536 |
| Bradley M. RustPresident and Chief Financial Officer | $525,000 | $282,268 | $328,230 | $14,995 | $122,204 | $1,272,697 |
| Michael F. BeckwithExecutive Vice President and Chief Banking Officer | $410,000 | $192,897 | $221,421 | — | $73,749 | $898,067 |
| Amy D. JacksonExecutive Vice President and Chief Administrative Officer | $380,000 | $178,784 | $206,549 | — | $72,137 | $837,470 |
| Bradley C. ArnettExecutive Vice President, Chief Legal Officer and Corporate Secretary | $315,000 | $148,191 | $169,013 | — | $64,083 | $696,287 |
What changed and why
- $2.1MCEO total compensation increased to $2,068,536 in fiscal 2025 from $1,661,490 in fiscal 2024.
- $112.6MNet income for the year ended December 31, 2025 rose to $112.6 million from $83.8 million in 2024.
- 96%Approximately 96% of votes cast supported the say-on-pay proposal at the 2025 annual meeting.
- Base salaries are targeted in the 50th to 60th percentile of the competitive market.
- The peer group was updated to reflect asset size changes following the Heartland BancCorp merger.
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.