How Reitsma was paid
$1.8M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Raymond E. ReitsmaPresident and Chief Executive Officer | $734,600 | $471,283 | $462,798 | — | $101,302 | $1,769,983 |
| Charles E. ChristmasExecutive Vice President, Chief Financial Officer and Treasurer | $444,050 | $198,037 | $186,501 | — | $71,392 | $899,980 |
| Mark S. AugustynExecutive Vice President, Chief Commercial Banking Officer | $450,230 | $200,705 | $165,460 | $7,393 | $68,854 | $892,642 |
| Scott P. SetlockExecutive Vice President, Chief Operating Officer and Secretary | $353,100 | $157,513 | $129,764 | — | $57,351 | $697,728 |
| Brett E. HooverExecutive Vice President, Chief Human Resource Officer | $294,250 | $116,436 | $92,689 | — | $53,667 | $557,042 |
What changed and why
- $1.8MCEO total compensation increased to $1,769,983 in 2025 from $1,181,790 in 2024.
- Restricted stock grants were resumed in February 2025 after a process change in 2024.
- Base salaries for executive officers were adjusted effective March 1, 2025.
- Bonus payments were determined under the 2025 Executive Officer Bonus Plan.
- The ratio of CEO pay to median employee pay was estimated at 25 to 1.
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.