How Bergstrom 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Christopher W. BergstromPresident & Chief Executive Officer | $800,000 | $550,000 | $200,017 | $43,270 | $1,593,287 |
| Kent D. CarstaterSenior Executive Vice President – Chief Financial Officer | $380,000 | $235,000 | $65,002 | $20,155 | $700,157 |
| Andrew J. PedenSenior Executive Vice President – Chief Banking Officer | $375,000 | $235,000 | $50,015 | $36,381 | $696,396 |
What changed and why
- $1.6MChristopher W. Bergstrom received total compensation of $1,593,287 in 2025, representing an increase from the prior year.
- Base salaries for Messrs.
- Bergstrom, Carstater, and Peden were increased effective January 1, 2026.
- Restricted stock awards were granted under the 2025 Stock Incentive Plan following the termination of the 2015 Plan.
- The company utilized a peer group of 57 similarly-sized publicly traded banks to benchmark executive compensation.
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.