How Nelson was paid
$1.5M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| David D. NelsonPresident and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $608,000 | $12,160 | $303,493 | $477,245 | $20,595 | $35,000 | $1,456,493 |
| Jane M. FunkExecutive Vice President, Treasurer and Chief Financial Officer | $335,000 | $6,700 | $267,788 | $195,956 | $3,213 | $33,500 | $842,157 |
| Harlee N. OlafsonExecutive Vice President and Chief Risk Officer | $387,000 | $7,740 | $267,788 | $226,373 | — | $35,000 | $923,901 |
| Brad L. WinterbottomExecutive Vice President of the Company and President of West Bank | $387,000 | $7,740 | $267,788 | $226,373 | — | $35,000 | $923,901 |
| Bradley P. PetersExecutive Vice President of the Company and Executive Vice President and Minnesota Market President | $335,000 | $6,700 | $267,788 | $195,956 | $5,109 | $33,500 | $844,053 |
What changed and why
- $1.5MDavid D. Nelson received a total compensation of $1,456,493 in fiscal year 2025.
- $1.2MCEO total compensation increased from $1,246,543 in the prior fiscal year.
- Equity awards included Time RSUs and Performance RSUs subject to holding periods and performance targets.
- Performance RSU metrics included ROE, efficiency ratio, and nonperforming assets to total assets ratio.
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.