How Daniels was paid
$14.9M 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 |
|---|---|---|---|---|---|---|
| Michael E. DanielsChairman, President, and Chief Executive Officer | $850,000 | — | $12,391,200 | $1,593,750 | $109,118 | $14,944,068 |
| H. Phillip Moore, Jr.Chief Financial Officer | $475,000 | $534,375 | — | — | $99,180 | $1,108,555 |
| Eric J. WitczakExecutive Vice President, Retail and Ag Banking | $475,000 | $534,375 | — | — | $69,901 | $1,079,276 |
| Brad V. HutjensExecutive Vice President, Chief Credit Officer | $450,000 | $506,250 | — | — | $52,989 | $1,009,239 |
| William M. BohnExecutive Vice President, Wealth Management, Private Client and Trust Services | $440,000 | $495,000 | — | — | $57,185 | $992,185 |
What changed and why
- $14.9MCEO total compensation rose to $14,944,068 in 2025 due to a large equity award connected with his leadership extension through 2030.
- $151MNet income reached a record $151 million for the full year 2025 compared to $124 million in 2024.
- 21.5%Diluted earnings per share increased 21.5% to $9.78 for full year 2025 from $8.05 for 2024.
- New performance-based restricted stock units were granted to NEOs tied to ROAA percentiles and cumulative EPS targets.
- Mr. Daniels agreed to extend his planned leadership through the end of 2030.
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.