How Jr. was paid
$1.1M 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 |
|---|---|---|---|---|---|---|
| R. Arthur Seaver, Jr.Chief Executive Officer | $515,000 | $150,000 | $204,608 | $201,981 | $75,243 | $1,146,832 |
| Calvin C. HurstPresident | $365,650 | $135,000 | $141,680 | $12,372 | $43,239 | $697,941 |
| Christian J. ZychChief Financial Officer | $319,300 | $100,000 | $77,280 | — | $43,026 | $539,606 |
| William M. Aiken, IIIChief Risk Officer | $67,468 | — | $79,120 | — | $5,462 | $152,050 |
| Wesley C. WilbanksChief Credit Officer | $235,000 | $65,000 | $36,800 | — | $28,672 | $365,472 |
| Julie A. FairchildChief Accounting Officer | $206,000 | $52,000 | — | $15,438 | $38,792 | $312,230 |
What changed and why
- $30.4MNet income increased 95.5% to $30.4 million for the year ended December 31, 2025.
- $1.1MCEO total compensation was $1,146,832 for 2025, compared to $1,141,448 in 2024.
- Restricted stock units were the preferred form of equity compensation with no stock options issued.
- William M. Aiken, III resigned from the Company and the Bank effective March 28, 2025.
- 75.0%Shareholder support for the say-on-pay vote at the 2025 annual meeting was 75.0%.
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.