How Kessel was paid
$1.6M 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 |
|---|---|---|---|---|---|
| William B. KesselPresident and Chief Executive Officer | $644,225 | $446,694 | $391,307 | $76,164 | $1,558,390 |
| Gavin A. MohrExecutive Vice President and Chief Financial Officer | $348,991 | $148,871 | $131,088 | $44,770 | $673,720 |
| Stefanie M. KimballExecutive Vice President - Chief Risk Officer | $319,331 | $136,220 | $131,868 | $38,211 | $625,630 |
| Patrick J. ErvinExecutive Vice President - Mortgage Banking | $310,009 | $132,282 | $120,914 | $42,842 | $606,047 |
| Joel F. RahnExecutive Vice President - Commercial Lending | $328,918 | $140,304 | $131,881 | $38,737 | $639,840 |
What changed and why
- $1.6MWilliam B. Kessel received total compensation of $1,558,390 for fiscal 2025, representing an increase from $1,394,449 in fiscal 2024.
- $644KBase salary for the CEO increased to $644,225 in 2025 from $602,080 in the prior year.
- $447KStock awards granted to the CEO totaled $446,694 in 2025 compared to $330,138 in 2024.
- $391KNon-equity incentive plan compensation for the CEO was $391,307 for 2025 versus $385,500 for 2024.
- $64,666The ratio of CEO to median employee annual total compensation was 24.1 to 1 based on a median employee pay of $64,666.
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.