How Dowd 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| James A. DowdPresident and Chief Executive Officer | $440,000 | $104,438 | $1,167,600 | $4,482 | $103,936 | $1,820,456 |
| Justin K. BighamExecutive Vice President Chief Financial Officer | $305,000 | $65,911 | $800,640 | — | $45,565 | $1,217,116 |
| Joseph F. SerbunSenior Vice President Chief Credit Officer | $245,000 | $51,107 | $533,760 | — | $19,758 | $849,625 |
What changed and why
- $1.8MCEO total compensation rose to $1,820,456 in 2025 compared to $615,069 in 2024.
- $405KBase salary for the CEO increased from $405,000 to $440,000 for 2025.
- $1.2MStock awards of $1,167,600 were granted to the CEO in fiscal 2025.
- $104KPerformance-based cash bonus awards totaled $104,438 for the CEO in 2025.
- Messrs.
- Bigham and Serbun served as Named Executive Officers for the first time in 2025.
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.