| | Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on June 6, 2024 | | |
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| | | | | Board Recommendation | | |
| | PROPOSAL 1 — Election of Directors (page 20) To elect three directors to serve for a term of three years | | | FOR | | |
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| | PROPOSAL 2 — Ratification of the Appointment of Independent Auditors (page 53) To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 | | | FOR | | |
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| | PROPOSAL 3 — Advisory Vote on Executive Compensation (page 55) To approve, on an advisory basis (non-binding), the compensation of the Company’s named executive officers | | | FOR | | |
Name | | | Age(1) | | | Independent | | | Director Since | | | Committee Memberships(2) | |
Noel R. Holland | | | 73 | | | Yes | | | 1995 | | | A, COM, NOM, R, SP, T | |
Lucy Sorrentini | | | 60 | | | Yes | | | 2020 | | | A, COM, R, SP | |
Robert Van Dyk | | | 71 | | | Yes | | | 1994 | | | COM, NOM, R, SP | |
| | Director | | | Audit Committee | | | Compensation Committee | | | Nominating/ Corporate Governance Committee | | | Risk Committee | | | Technology Committee | | | Operations/ Strategic Planning Committee | | |
| | Noel R. Holland | | | ✓ | | | ✓ | | | ✓ | | | ✓ * | | | ✓ * | | | ✓ | | |
| | Thomas J. Kemly | | | | | | | | | | | | ✓ | | | | | | | | |
| | James M. Kuiken | | | ✓ | | | ✓ | | | | | | ✓ | | | ✓ | | | | | |
| | Michael Massood, Jr. | | | ✓ * | | | | | | ✓ | | | ✓ | | | ✓ | | | | | |
| | Elizabeth E. Randall | | | | | | ✓ * | | | ✓ | | | ✓ | | | | | | ✓ | | |
| | Lucy Sorrentini | | | ✓ | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
| | Daria S. Torres | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | | | | | |
| | Robert Van Dyk | | | | | | ✓ | | | ✓ * | | | ✓ | | | | | | ✓ | | |
| | Paul Van Ostenbridge | | | | | | | | | | | | ✓ | | | ✓ | | | ✓ * | | |
| | Audit Committee | | | | Meetings During 2023: 7 | | |
| | Michael Massood, Jr. (Chair) Noel R. Holland James M. Kuiken Lucy Sorrentini Daria S. Torres | | | | The Audit Committee assists the Board of Directors in discharging its duties related to the integrity of our financial statements, our compliance with legal and regulatory requirements, our independent auditors’ qualifications, independence and performance, the performance of our internal audit function, our accounting and financial reporting process and financial statement audits. The Board of Directors has determined that Michael Massood, Jr. is an audit committee financial expert under the rules of the Securities and Exchange Commission. All members of the Audit Committee are independent and meet the additional Nasdaq and SEC independence standards for Audit Committee members. | | |
| | Compensation Committee | | | | Meetings During 2023: 7 | | |
| | Elizabeth E. Randall (Chair) Noel R. Holland James M. Kuiken Lucy Sorrentini Robert Van Dyk | | | | The responsibilities of the Compensation Committee include: (i) overseeing the Company’s overall compensation structure, policies and programs, and assessing whether the Company’s compensation structure establishes appropriate incentives for management and employees; (ii) reviewing and approving annually the corporate goals and objectives applicable to the compensation of the President and Chief Executive Officer, evaluating annually the President and Chief Executive Officer’s performance in light of these goals and objectives, and recommending the President and Chief Executive Officer’s compensation level based on this evaluation; (iii) in collaboration with the President and Chief Executive Officer, reviewing and evaluating the performance of the Company’s executive officers and approving such other executive officers’ compensation and benefits; (iv) administering the Company’s incentive compensation and equity-based plans; reviewing and making recommendations to the Board of Directors regarding employment or severance arrangements | | |
| | Compensation Committee (cont’d) | | | | | | |
| | | | | | or plans; (v) reviewing the Company’s incentive compensation arrangements to determine whether they encourage any excessive risk-taking, reviewing at least annually the relationship between risk management policies and practices and compensation and evaluating compensation policies and practices that could mitigate any such risk; (vi) retaining such compensation consultants, legal counsel or other advisors as the Compensation Committee deems necessary or appropriate for it to carry out its duties, with direct responsibility for the appointment, compensation and oversight of work of such consultants, counsels and advisors; (vii) approving equity awards as permitted by the terms of any equity based plan; (viii) reviewing and making recommendations to the Board of Directors with respect to the compensation of the Company’s non-employee directors; (ix) developing a succession plan for our executive officer positions, reviewing it periodically and developing and evaluating potential candidates for succession; (x) oversight of our policies and strategies relating to human capital management; and (xi) reviewing the Compensation Committee’s performance and the adequacy of its charter on an annual basis. All members of the committee are independent and meet additional Nasdaq and SEC independence standards for Compensation Committee members. | | |
| | Nominating/Corporate Governance Committee | | | | Meetings During 2023: 5 | | |
| | Robert Van Dyk (Chair) Noel R. Holland Michael Massood, Jr. Elizabeth E. Randall Daria S. Torres | | | | The responsibilities of the Nominating/Corporate Governance Committee include: (i) developing policies on the size and composition of the Company’s Board of Directors; (ii) developing and recommending to the Board of Directors criteria to be used in identifying and selecting nominees for director; (iii) reviewing possible candidates for election to the Board of Directors; (iv) recommending to the Board of Directors candidates for election or re-election to the Board of Directors; (v) recommending committee structure, composition and assignments; (vi) conducting an annual performance evaluation of the Board of Directors and its committees; (vii) reviewing the Company’s strategies and polices regarding environmental, social and governance matters; (viii) providing for orientation of new board members and continuing education and development opportunities for board members; and (ix) reviewing the Nominating/Corporate Governance Committee’s performance and the adequacy of its charter on an annual basis. All members of the committee are independent. | | |
| | Risk Committee | | | | Meetings During 2023: 4 | | |
| | Noel R. Holland (Chair) Thomas J. Kemly James M. Kuiken Michael Massood, Jr. Elizabeth E. Randall Lucy Sorrentini Robert Van Dyk Daria S. Torres Paul Van Ostenbridge | | | | The Risk Committee oversees the identification and management of the various risks we face including, among other things, financial, credit, collateral, consumer compliance, operational, Bank Secrecy Act, fraud, cyber-security, vendor and insurable risks. All members of the committee are independent, except for Mr. Kemly. | | |
| | Technology Committee | | | | Meetings During 2023: 4 | | |
| | Noel R. Holland (Chair) James M. Kuiken Michael Massood, Jr. Daria S. Torres Paul Van Ostenbridge | | | | The Technology Committee oversees the Company’s technology operations, including oversight of the Company’s information security and cybersecurity risk management. All members of the committee are independent. | | |
| | Operations and Strategic Planning Committee | | | | Meetings During 2023: 4 | | |
| | Paul Van Ostenbridge (Chair) Noel R. Holland Elizabeth E. Randall Lucy Sorrentini Robert Van Dyk | | | | The Operations and Strategic Planning Committee oversees the Company’s strategic planning initiatives, including oversight of the Company’s strategic plan. All members of the committee are independent. | | |
| | Board Matrix | | | | As of April 15, 2024 | | | | As of April 3, 2023 | | |
| | Total Number of Directors | | | | 9 | | | | 9 | | |
| | Demographic Background | | | | | | | | | | |
| | African American | | | | 1 | | | | 1 | | |
| | White/Caucasian | | | | 7 | | | | 7 | | |
| | Hispanic/Latino | | | | 1 | | | | 1 | | |
| | Gender Identity | | | | | | | | | | |
| | Male | | | | 6 | | | | 6 | | |
| | Female | | | | 3 | | | | 3 | | |
| | Knowledge, Skills and Experience | | | Holland | | | Kemly | | | Massood | | | Randall | | | Kuiken | | | Sorrentini | | | Torres | | | Van Dyk | | | Van Ostenbridge | | |
| | Audit | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Banking and Financial Services, Financial Reporting and Accounting | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Business Operations | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Commercial Real Estate/Market Knowledge | | | • | | | • | | | • | | | • | | | • | | | • | | | | | | • | | | • | | |
| | Consumer Business | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Corporate Governance/Ethics | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Customer Focus and Community Engagement | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Environmental Sustainability Practices | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Executive Leadership Experience | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Knowledge, Skills and Experience | | | Holland | | | Kemly | | | Massood | | | Randall | | | Kuiken | | | Sorrentini | | | Torres | | | Van Dyk | | | Van Ostenbridge | | |
| | HR, Human Capital Management, Executive Compensation and Benefits | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Legal and Regulatory Compliance | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Mergers and Acquisitions | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Public Company Experience | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Strategic Planning | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Technology/IS/Cyber | | | • | | | • | | | • | | | • | | | • | | | | | | • | | | • | | | • | | |
| | Risk Management | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | | • | | |
| | Board Tenure | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years | | | 29 | | | 18 | | | 21 | | | 21 | | | 4 | | | 4 | | | 3 | | | 30 | | | 5 | | |
| Board Chair Annual Cash Retainer | | | | $ | 134,500 | | |
| Board Annual Cash Retainer | | | | $ | 67,800 | | |
| Board Annual Restricted Stock Award | | | | $ | 50,000 | | |
| Annual Cash Retainer for Other Committee Chairs: | | | | | | | |
| Audit Committee | | | | $ | 7,500 | | |
| Nominating/Corporate Governance Committee | | | | $ | 2,500 | | |
| Compensation Committee | | | | $ | 7,500 | | |
| Operations and Strategic Planning | | | | $ | 2,500 | | |
| Additional Annual Cash Retainer for Committee Members: | | | | | | | |
| Nominating/Corporate Governance Committee | | | | $ | 5,000 | | |
| Per Meeting Fees: | | | | | | | |
| Board Chair | | | | $ | 1,500 | | |
| Directors (other than Chair of Board) | | | | $ | 1,300 | | |
| | Name | | | Fees Earned or Paid in Cash ($)(1) | | | Stock Awards ($)(2) | | | All Other Compensation $(3) | | | Total ($) | | | ||||||||||||
| | Noel R. Holland | | | | | 199,500 | | | | | | 50,005 | | | | | | 5,626 | | | | | | 255,131 | | | |
| | James M. Kuiken | | | | | 114,600 | | | | | | 50,005 | | | | | | — | | | | | | 164,605 | | | |
| | Michael Massood, Jr. | | | | | 118,883 | | | | | | 50,005 | | | | | | 15,403 | | | | | | 184,291 | | | |
| | Elizabeth E. Randall | | | | | 118,000 | | | | | | 50,005 | | | | | | 1,132 | | | | | | 169,137 | | | |
| | Lucy Sorrentini | | | | | 113,716 | | | | | | 50,005 | | | | | | 16,842 | | | | | | 180,563 | | | |
| | Daria S. Torres | | | | | 111,383 | | | | | | 50,005 | | | | | | 9,979 | | | | | | 171,367 | | | |
| | Robert Van Dyk | | | | | 110,400 | | | | | | 50,005 | | | | | | — | | | | | | 160,405 | | | |
| | Paul Van Ostenbridge | | | | | 106,908 | | | | | | 50,005 | | | | | | 7,918 | | | | | | 164,831 | | | |
| | Term Expiring in 2024 | | | | | | |
| | NOEL R. HOLLAND Age: 73 Director Since: 1995 | | | | Biographical Information: Partner in the law firm of Andersen & Holland, located in Midland Park, New Jersey, from January 1976 until his retirement in March 2017. Qualifications: Mr. Holland’s expertise as a partner in a law firm, and his real estate transactional experience and involvement in business and civic organizations in the communities Columbia Bank serves, provide the Board of Directors with valuable insight. Mr. Holland’s years of providing legal counsel and operating a law office position him well to continue to serve as a director of a public company. | | |
| | ROBERT VAN DYK Age: 71 Director Since: 1994 | | | | Biographical Information: President and Chief Executive Officer of Van Dyk Health Care, a health care services company, since July 1994 and the President and Chief Executive Officer of two other hospitals since 1980. He serves on many charitable and civic organizations, including colleges, universities, hospitals, religious organizations and foundations within the communities that Columbia Bank serves. In addition, Mr. Van Dyk has been actively involved in various organizations for the past 20 years, and he served as chair of two separate national health care organizations. Qualifications: Mr. Van Dyk’s strong business background, as well as his experience and expertise with respect to regulated industries, provides the Board of Directors with invaluable insight into the needs of the local communities that Columbia Bank serves. | | |
| | LUCY SORRENTINI Age: 60 Director Since: 2020 | | | | Biographical Information: Lucy Sorrentini is a Strategy Consultant and Certified Executive Coach and the Founder and CEO of Impact Consulting, LLC a woman and minority-owned human capital and organizational development consulting firm headquartered in New York. Prior to starting her own firm, Ms. Sorrentini was a Member of the Global Human Resources Executive Team and Chief Diversity and Inclusion Officer at Booz Allen Hamilton. Ms. Sorrentini also serves as the Chair and Strategic Advisor of the New York Women’s Foundation’s Latina Philanthropy Circle, Girls Incorporated and the Acceleration Project Qualifications: Ms. Sorrentini’s extensive experience with respect to human capital strategy, and human resources and diversity matters, provides the Board of Directors with valuable insight into the operational and business needs of the Company and the Bank. | | |
| | Term Expiring in 2025 | | | | | | |
| | THOMAS J. KEMLY Age: 66 Director Since: 2006 | | | | Biographical Information: Mr. Kemly was appointed President and CEO of Columbia Bank in 2012. He has since led Columbia Bank on a steady growth trajectory by spearheading organic growth, Columbia Financial, Inc.’s IPO and strategic acquisitions. With over 40 years of experience, Mr. Kemly has been an active and influential figure in banking. Most recently, Mr. Kemly was elected to the Federal Home Loan Bank of New York’s Board of Directors and was named to the Power 100 List by NJBIZ, a statewide business publication. Throughout his career he has worked to advance housing opportunities for families of all incomes, accelerate local community development and increase charitable giving efforts. Mr. Kemly expanded the Bank’s “Team Columbia” initiatives, where the Bank encourages employees to volunteer at local organizations and participate in meaningful community events. In conjunction with the Company’s IPO in 2018, he grew the Columbia Bank Foundation to one of the largest private giving foundations in the State of New Jersey. Mr. Kemly was the former chair of the New Jersey Bankers Association and currently serves as a board member of that organization. He also serves as a board member of CIANJ, was the former president of FMS, and currently serves as the Chair of the Columbia Bank Foundation. Mr. Kemly began his Columbia Bank career in 1981 and has held a number of positions, including Chief Financial Officer and Chief Operating Officer, before becoming President and Chief Executive of the Bank. Qualifications: Mr. Kemly’s extensive experience in the local banking industry and involvement in business and civic organizations in the communities Columbia Bank serves affords the Board of Directors valuable insight regarding the business and operation of Columbia Bank. Mr. Kemly’s knowledge of Columbia Financial’s and Columbia Bank’s business and history, combined with his success and strategic vision, position him well to continue to serve as our President and Chief Executive Officer. | | |
| | JAMES M. KUIKEN Age: 53 Director Since: 2020 | | | | Biographical Information: Mr. Kuiken has served as the Director of Operations of Roche Molecular Systems, Inc., a company that develops, manufactures and supplies diagnostic and blood screening test products, since April 2014. Prior to that time, Mr. Kuiken served in various other capacities at Roche Molecular Systems, Inc. Qualifications: Mr. Kuiken’s extensive experience with respect to operational matters at a large multinational corporation will provide the Board of Directors with valuable insight into the operational and business needs of the Company and Columbia Bank. | | |
| | Term Expiring in 2025 | | | | | | |
| | PAUL VAN OSTENBRIDGE Age: 71 Director Since: 2019 | | | | Biographical Information: Mr. Van Ostenbridge served as President and Chief Executive Officer of Stewardship Financial Corporation and Atlantic Stewardship Bank from 1985 until their acquisition by the Company on November 1, 2019. Qualifications: Mr. Van Ostenbridge’s extensive experience in the local banking industry and involvement in business, civic and charitable organizations in the communities Columbia Bank serves affords the Board of Directors with valuable insight regarding the business and operations of Columbia Bank. | | |
| | Term Expiring in 2026 | | | | | | |
| | MICHAEL MASSOOD, JR. Age: 70 Director Since: 2003 | | | | Biographical Information: President of Massood & Company, P.A., CPAs, a certified public accounting firm. Qualifications: As a certified public accountant, Mr. Massood provides the Board of Directors with critical experience regarding accounting and financial matters. Mr. Massood’s extensive experience in the local banking industry and involvement in business and civic organizations in the communities Columbia Bank serves affords the Board of Directors valuable insight regarding the business and operation of Columbia Bank. | | |
| | ELIZABETH E. RANDALL Age: 70 Director Since: 2003 | | | | Biographical Information: Commissioner of the Bergen County Improvement Authority and also currently serves as a member of the audit committee of the New Jersey Municipal Excess Liability Insurance Fund. From 2004 to 2006, Ms. Randall served on the Bergen County Board of Chosen Freeholders. Prior to that, Ms. Randall served as the New Jersey Commissioner of Banking and Insurance. Ms. Randall also served as a member of the Board of Directors of the YWCA of Northern New Jersey. Qualifications: Ms. Randall’s service as an elected and appointed government official, as well as her prior bank regulatory experience, provides the Board of Directors with invaluable insight into the needs of the local communities that Columbia Bank serves. | | |
| | Term Expiring in 2026 | | | | | | |
| | DARIA S. TORRES Age: 49 Director Since: 2021 | | | | Biographical Information: Ms. Torres is the founder and Managing Partner of Walls Torres Group, LLC, a strategic management consulting firm that works with leading corporations, non-profits and charitable organizations to grow and achieve their business objectives. Ms. Torres has more than 20 years of experience as a strategy consultant and advisor to CEOs, boards and executive teams. Qualifications: Ms. Torres’ vast knowledge and experience as an executive-level strategist and advisor is a valuable asset to our leadership and complements the Board’s existing mix of skills and experience. | | |
| | Title | | |
Thomas J. Kemly | | | President and Chief Executive Officer | |
Dennis E. Gibney | | | Executive Vice President and Chief Financial Officer | |
E. Thomas Allen, Jr. | | | Senior Executive Vice President and Chief Operating Officer | |
John Klimowich | | | Executive Vice President and Chief Risk Officer | |
Allyson Schlesinger | | | Executive Vice President, Head of Consumer Banking | |
|
| | | | | | | | 2023 ACTIONS | | | ||
| | | | | • • Provide a salary that is market competitive; • Promote the retention of executives; and • Provide fixed compensation | |||||||
| | | | • Base salaries are subject to annual review in December of each year based on the Compensation Committee’s assessment of the executive’s individual performance during the year, a review of peer group practices for similar positions and consideration of base salary in relation to incentive compensation opportunities. Following such review, in December 2022 the Compensation Committee set the base salaries for our NEOS for 2023. | | |
| | COMPENSATION ELEMENT | | | | PURPOSE | | | | 2023 ACTIONS | | |
| | | | | • • • • Provide appropriate incentives to • Pay meaningful incremental cash awards when results exceed target and pay below market cash awards when results are below target. | | | | • • In | | | |
| | Long-Term | | | | • • • • • Support the growth | | | | • • • The restricted stock awards and subscription awards are subject to | | |
| | WHAT WE DO | | | | WHAT WE | | |
| | ✓ Use an independent compensation ✓ Have significant stock ownership guidelines for our executives and directors ✓ Use competitive benchmarking for NEO compensation and non-employee director compensation ✓ Use meaningful incentives in our executives’ compensation that create long-term shareholder value while not incentivizing excessive risk-taking ✓ Grant equity that vests over multiple years ✓ Have ✓ Limit perquisites to NEOs ✓ | | | | X No tax gross ups X No pledging of our stock X No hedging of our stock X No unapproved trading plans X No dividends on unvested/unearned equity X No excessive risk creation X No repricing of stock options X No “single trigger” change in control severance under employment agreements | | |
| Atlantic Union Bankshares Corp. (AUB) | | | Independent Bank Group, Inc. (IBTX) | |
| Berkshire Hills Bancorp, Inc. (BHLB) | | | Kearny Financial Corp. (KRNY) | |
| Brookline Bancorp, Inc. (BRKL) | | | Lakeland Bancorp, Inc. (LBAI) | |
| Community Bank System, Inc. (CBU) | | | | |
| ConnectOne Bancorp, Inc. (CNOB) | | | | |
| Customers Bancorp, Inc. (CUBI) | | | OceanFirst Financial Corp. (OCFC) | |
| Dime Community Bancshares, Inc. (DCOM) | | | Peapack-Gladstone Financial Corp. (PGC) | |
| Eagle Bancorp, Inc. (EGBN) | | | Provident Financial Services, Inc. (PFS) | |
| Flushing Financial | | | Sandy Spring Bancorp, Inc. (SASR) | |
| Independent Bank Corp. (INDB) | | | WSFS Financial Corp. (WSFS) | |
NEO | | | 2022 Base Pay(1) | | | 2023 Base Pay(1) | | | % Change | | |||||||||
Thomas J. Kemly | | | | $ | 859,850 | | | | | $ | 900,000 | | | | | | 4.67 | | |
Dennis E. Gibney | | | | | 428,500 | | | | | | 445,500 | | | | | | 3.97 | | |
E. Thomas Allen | | | | | 487,000 | | | | | | 505,000 | | | | | | 3.70 | | |
John Klimowich | | | | | 383,000 | | | | | | 400,000 | | | | | | 4.44 | | |
Allyson Schlesinger | | | | | 400,000 | | | | | | 420,000 | | | | | | 5.00 | | |
| 2023 Performance Measures(1) | | | Threshold (Dollars in Millions) | | | Target (Dollars in Millions) | | | Stretch (Dollars in Millions) | | | 2023 Actual Performance (Dollars in Millions) | | ||||||||||||
| Core Net Income of Columbia Bank(2) | | | | $ | 78.9 | | | | | $ | 105.2 | | | | | $ | 131.5 | | | | | $ | 46.1 | | |
| Core Efficiency Ratio of Columbia Bank(2) | | | | | 56.0% | | | | | | 54.0% | | | | | | 52.0% | | | | | | 72.7% | | |
| Non-Performing Assets to Total Assets | | | | | 0.50% | | | | | | 0.25% | | | | | | 0.10% | | | | | | 0.12% | | |
| 2023 Performance Measures | | | Mr. Kemly | | | Mr. Gibney | | | Mr. Allen | | | Mr. Klimowich | | | Ms. Schlesinger | | |||||||||||||||
| Core Net Income of Columbia Bank(1) | | | | | 40% | | | | | | 30% | | | | | | 40% | | | | | | 30% | | | | | | 30% | | |
| Core Efficiency Ratio of Columbia Bank(1) | | | | | 40% | | | | | | 30% | | | | | | 40% | | | | | | 30% | | | | | | 30% | | |
| Non-Performing Assets to Total Assets | | | | | 20% | | | | | | 10% | | | | | | 20% | | | | | | 10% | | | | | | 10% | | |
| Other(2) | | | | | — | | | | | | 30% | | | | | | — | | | | | | 30% | | | | | | 30% | | |
| Total | | | | | 100% | | | | | | 100% | | | | | | 100% | | | | | | 100% | | | | | | 100% | | |
NEO | | | Target Opportunity ($) | | | Payout as a Percentage of Target Opportunity (%) | | | PAIP Payout ($) | | |||||||||
Thomas J. Kemly | | | | | 675,000 | | | | | | 28.4 | | | | | | 191,634 | | |
Dennis E. Gibney | | | | | 267,300 | | | | | | 39.1 | | | | | | 104,515 | | |
E. Thomas Allen | | | | | 328,250 | | | | | | 28.4 | | | | | | 93,190 | | |
John Klimowich | | | | | 200,000 | | | | | | 41.2 | | | | | | 82,400 | | |
Allyson Schlesinger | | | | | 252,000 | | | | | | 44.2 | | | | | | 111,384 | | |
Name | | | 2023 LTIP as a % of Base Salary | | | Performance Restricted Stock Awards (at Target) (#) | | | Restricted Stock Awards (#) | | | Non-Qualified Stock Options (#) | | ||||||||||||
Thomas J. Kemly | | | | | 112% | | | | | | 26,047 | | | | | | 13,023 | | | | | | 37,894 | | |
Dennis E. Gibney | | | | | 80% | | | | | | 9,209 | | | | | | 4,605 | | | | | | 13,398 | | |
E. Thomas Allen | | | | | 80% | | | | | | 10,439 | | | | | | 5,220 | | | | | | 15,188 | | |
John Klimowich | | | | | 80% | | | | | | 8,269 | | | | | | 4,134 | | | | | | 12,030 | | |
Allyson Schlesinger | | | | | 80% | | | | | | 8,682 | | | | | | 4,341 | | | | | | 12,632 | | |
NEOs | | | 2020 Base Pay(1) $ | | | 2021 Base Pay(1) $ | | | % Change | | |||||||||
Thomas J. Kemly | | | | | 795,000 | | | | | | 818,900 | | | | | | 3.01 | | |
Dennis Gibney | | | | | 402,000 | | | | | | 412,000 | | | | | | 2.49 | | |
E. Thomas Allen | | | | | 460,000 | | | | | | 472,000 | | | | | | 2.61 | | |
John Klimowich | | | | | 350,000 | | | | | | 370,000 | | | | | | 5.71 | | |
Allyson Schlesinger | | | | | 365,000 | | | | | | 380,000 | | | | | | 4.11 | | |
Oliver E. Lewis, Jr. | | | | | — | | | | | | 350,000 | | | | | | — | | |
| | 2021 Performance Measures(1) | | | | Threshold Parameter (Dollars in Millions) | | | | Target Parameter (Dollars in Millions ) | | | | Stretch Parameter (Dollars in Millions) | | | | 2021 Actual Performance (Dollars in Millions) | | | ||||||||||||
| | Core Net Income of Columbia Bank | | | | | $ | 61.2 | | | | | | $ | 72.6 | | | | | | $ | 82.8 | | | | | | $ | 94.9 | | | |
| | Efficiency Ratio of Columbia Bank | | | | | | 60.90% | | | | | | | 57.90% | | | | | | | 54.90% | | | | | | | 53.90% | | | |
| | Non-Performing Assets to Total Assets | | | | | | 0.50% | | | | | | | 0.25% | | | | | | | 0.10% | | | | | | | 0.04% | | | |
| | 2021 Performance Measures* | | | | Mr. Kemly | | | | Mr. Gibney | | | | Mr. Allen | | | | Mr. Klimowich | | | | Ms. Schlesinger | | | | Mr. Lewis | | | ||||||||||||||||||
| | Net Income of Columbia Bank | | | | | | 35.0% | | | | | | | 25.0% | | | | | | | 35.0% | | | | | | | 25.0% | | | | | | | 25.0% | | | | | | | 25.0% | | | |
| | Efficiency Ratio of Columbia Bank | | | | | | 35.0% | | | | | | | 25.0% | | | | | | | 35.0% | | | | | | | 25.0% | | | | | | | 25.0% | | | | | | | 25.0% | | | |
| | Non-Performing Assets to Total Assets | | | | | | 30.0% | | | | | | | 20.0% | | | | | | | 30.0% | | | | | | | 20.0% | | | | | | | 20.0% | | | | | | | 20.0% | | | |
| | Other(1) | | | | | | 0.0% | | | | | | | 30.0% | | | | | | | 0.0% | | | | | | | 30.0% | | | | | | | 30.0% | | | | | | | 30.0% | | | |
| | Total | | | | | | 100.0% | | | | | | | 100.0% | | | | | | | 100.0% | | | | | | | 100.0% | | | | | | | 100.0% | | | | | | | 100.0% | | | |
NEO | | | Target Opportunity ($) | | | Payout as a Percent of Target Opportunity (%)(1) | | ||||||
Thomas J. Kemly | | | | | 612,128 | | | | | | 125 | | |
Dennis Gibney | | | | | 284,280 | | | | | | 117.5 | | |
E. Thomas Allen | | | | | 352,820 | | | | | | 125 | | |
John Klimowich | | | | | 212,750 | | | | | | 113 | | |
Allyson Schlesinger | | | | | 218,500 | | | | | | 134.9 | | |
Oliver E. Lewis, Jr. | | | | | 201,250 | | | | | | 130.5 | | |
| | | | | Stock Awards (Number of Shares) | | | Grant Date Fair Value of Stock Awards ($)(1) | | | Option Awards (Number of Options) | | | Grant Date Fair Value of Option Awards ($)(1) | | | ||||||||||||
| | Oliver E. Lewis, Jr. | | | | | 23,516 | | | | | $ | 419,996 | | | | | | 57,026 | | | | | | 279,998 | | | |
Title | | | Amount | |
President and Chief Executive Officer | | | 5x base salary | |
Senior Executive Vice Presidents | | | 3x base salary | |
Executive Vice Presidents | | | 2x – 3x base salary (depending on date of appointment or hire) | |
| | 1x – 1.5x base salary (depending on date of appointment or hire) | | |
Non-Employee Directors | | | 3x annual cash fees and retainers for service on the Board | |
Name | | | Year | | | Salary ($)(1) | | | Bonus ($)(2) | | | Stock Awards ($)(3) | | | Option Awards ($)(4) | | | Non-Equity Incentive Plan Compensation ($)(5) | | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(6) | | | All Other Compensation ($)(7) | | | Total ($)(7) | | |||||||||||||||||||||||||||
Thomas J. Kemly | | | | | 2021 | | | | | | 818,900 | | | | | | — | | | | | | — | | | | | | — | | | | | | 765,160 | | | | | | 366,796 | | | | | | 39,263 | | | | | | 1,990,119 | | |
President and Chief Executive Officer | | | | | 2020 | | | | | | 825,577 | | | | | | — | | | | | | — | | | | | | — | | | | | | 890,236 | | | | | | 1,751,023 | | | | | | 151,035 | | | | | | 3,617,871 | | |
| | | 2019 | | | | | | 775,000 | | | | | | — | | | | | | 4,184,996 | | | | | | 2,790,002 | | | | | | 849,735 | | | | | | 2,350,329 | | | | | | 181,941 | | | | | | 11,132,003 | | | ||
Dennis E. Gibney | | | | | 2021 | | | | | | 412,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 334,029 | | | | | | 56,107 | | | | | | 9,803 | | | | | | 811,939 | | |
Executive Vice President and Chief Financial Officer | | | | | 2020 | | | | | | 417,462 | | | | | | — | | | | | | — | | | | | | — | | | | | | 367,829 | | | | | | 170,419 | | | | | | 56,133 | | | | | | 1,011,843 | | |
| | | 2019 | | | | | | 392,000 | | | | | | 50,000 | | | | | | 1,530,001 | | | | | | 1,020,000 | | | | | | 294,386 | | | | | | 153,627 | | | | | | 63,976 | | | | | | 3,503,990 | | | ||
E. Thomas Allen, Jr. | | | | | 2021 | | | | | | 472,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 441,025 | | | | | | 175,097 | | | | | | 19,780 | | | | | | 1,107,902 | | |
Senior Executive Vice President and Chief Operating Officer | | | | | 2020 | | | | | | 477,693 | | | | | | — | | | | | | — | | | | | | — | | | | | | 472,714 | | | | | | 685,719 | | | | | | 82,868 | | | | | | 1,718,994 | | |
| | | 2019 | | | | | | 450,000 | | | | | | — | | | | | | 1,800,006 | | | | | | 1,200,000 | | | | | | 440,107 | | | | | | 974,481 | | | | | | 97,269 | | | | | | 4,961,863 | | | ||
John Klimowich | | | | | 2021 | | | | | | 370,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 240,408 | | | | | | 238,927 | | | | | | 10,132 | | | | | | 859,467 | | |
Executive Vice President and Chief Risk Officer | | | | | 2020 | | | | | | 363,462 | | | | | | — | | | | | | — | | | | | | — | | | | | | 272,602 | | | | | | 757,071 | | | | | | 47,683 | | | | | | 1,440,818 | | |
| | | 2019 | | | | | | 330,000 | | | | | | — | | | | | | 1,999,998 | | | | | | 799,999 | | | | | | 255,760 | | | | | | 869,887 | | | | | | 50,500 | | | | | | 3,176,145 | | | ||
Allyson Schlesinger | | | | | 2021 | | | | | | 380,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 294,737 | | | | | | 73,000 | | | | | | 24,511 | | | | | | 772,248 | | |
Executive Vice President, Head of Consumer Banking | | | | | 2020 | | | | | | 379,039 | | | | | | — | | | | | | — | | | | | | — | | | | | | 256,743 | | | | | | 107,402 | | | | | | 57,314 | | | | | | 800,498 | | |
| | | 2019 | | | | | | 365,000 | | | | | | 50,000 | | | | | | 990,008 | | | | | | 660,000 | | | | | | 162,100 | | | | | | 84,048 | | | | | | 69,884 | | | | | | 2,381,040 | | | ||
Oliver E. Lewis, Jr. | | | | | 2021 | | | | | | 350,000 | | | | | | — | | | | | | 419,996 | | | | | | 279,998 | | | | | | 262,719 | | | | | | — | | | | | | 23,725 | | | | | | 1,336,438 | | |
Executive Vice President, Head of Commercial Banking | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name | | | Year | | | Salary ($)(1) | | | Bonus ($) | | | Stock Awards ($)(2) | | | Option Awards ($)(3) | | | Non-Equity Incentive Plan Compensation ($)(4) | | | Change in Pension Value & Nonqualified Deferred Compensation Earnings ($)(5) | | | All Other Compensation ($)(6) | | | Total ($) | | |||||||||||||||||||||||||||
Thomas J. Kemly | | | | | 2023 | | | | | | 878,064 | | | | | | — | | | | | | 622,776 | | | | | | 207,659 | | | | | | 191,634 | | | | | | 1,672,739 | | | | | | 122,783 | | | | | | 3,695,655 | | |
President and Chief Executive Officer | | | | | 2022 | | | | | | 859,850 | | | | | | — | | | | | | — | | | | | | — | | | | | | 637,181 | | | | | | — | | | | | | 165,618 | | | | | | 1,662,649 | | |
| | | 2021 | | | | | | 818,900 | | | | | | — | | | | | | — | | | | | | — | | | | | | 765,160 | | | | | | 366,796 | | | | | | 181,080 | | | | | | 2,131,936 | | | ||
Dennis E. Gibney | | | | | 2023 | | | | | | 436,933 | | | | | | — | | | | | | 220,195 | | | | | | 73,421 | | | | | | 104,515 | | | | | | 107,929 | | | | | | 53,704 | | | | | | 996,697 | | |
EVP, Chief Financial Officer | | | | | 2022 | | | | | | 428,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | 272,294 | | | | | | — | | | | | | 62,210 | | | | | | 763,004 | | |
| | | 2021 | | | | | | 412,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 334,029 | | | | | | 56,107 | | | | | | 74,510 | | | | | | 876,646 | | | ||
E. Thomas Allen, Jr. | | | | | 2023 | | | | | | 495,289 | | | | | | — | | | | | | 249,604 | | | | | | 83,230 | | | | | | 93,190 | | | | | | 662,229 | | | | | | 72,711 | | | | | | 1,656,253 | | |
SEVP, Chief Operating Officer | | | | | 2022 | | | | | | 487,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 360,885 | | | | | | — | | | | | | 94,106 | | | | | | 941,991 | | |
| | | 2021 | | | | | | 472,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 441,025 | | | | | | 175,097 | | | | | | 98,168 | | | | | | 1,186,290 | | | ||
John Klimowich | | | | | 2023 | | | | | | 392,307 | | | | | | — | | | | | | 197,704 | | | | | | 65,924 | | | | | | 82,400 | | | | | | 625,391 | | | | | | 48,031 | | | | | | 1,411,757 | | |
EVP, Chief Risk Officer | | | | | 2022 | | | | | | 383,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 213,502 | | | | | | — | | | | | | 53,191 | | | | | | 649,693 | | |
| | | 2021 | | | | | | 370,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 240,408 | | | | | | 238,927 | | | | | | 63,452 | | | | | | 912,787 | | | ||
Allyson Schlesinger | | | | | 2023 | | | | | | 411,923 | | | | | | — | | | | | | 207,587 | | | | | | 69,223 | | | | | | 111,384 | | | | | | 83,281 | | | | | | 54,045 | | | | | | 937,443 | | |
EVP, Head of Consumer Banking | | | | | 2022 | | | | | | 400,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 228,191 | | | | | | — | | | | | | 73,330 | | | | | | 701,521 | | |
| | | 2021 | | | | | | 380,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 294,737 | | | | | | 73,000 | | | | | | 77,345 | | | | | | 825,082 | | |
| | | Columbia Bank Performance Achievement Incentive Plan(a) | | |||
Mr. Kemly | | | | $ | 765,160 | | |
Mr. Gibney | | | | | 334,029 | | |
Mr. Allen | | | | | 441,025 | | |
Mr. Klimowich | | | | | 240,408 | | |
Ms. Schlesinger | | | | | 294,737 | | |
Mr. Lewis | | | | | 262,719 | | |
| | | Mr. Kemly | | | Mr. Gibney | | | Mr. Allen | | | Mr. Klimowich | | | Ms. Schlesinger | | | Mr. Lewis | | ||||||||||||||||||
Company contribution to ESOP and ESOP SERP(a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Company matching contributions to 401(k) plan and SIM(b) | | | | | 8,700 | | | | | | 8,700 | | | | | | 8,700 | | | | | | 8,700 | | | | | | 8,700 | | | | | | 11,263 | | |
Executive term life insurance premiums(c) | | | | | 3,333 | | | | | | 383 | | | | | | 1,669 | | | | | | 712 | | | | | | — | | | | | | — | | |
Car allowances(d) | | | | | 8,441 | | | | | | — | | | | | | 8,691 | | | | | | — | | | | | | 15,091 | | | | | | 11,742 | | |
Mobile phone allowances(e) | | | | | 720 | | | | | | 720 | | | | | | 720 | | | | | | 720 | | | | | | 720 | | | | | | 720 | | |
Club dues(f) | | | | | 18,069 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | Company Contribution to ESOP and ESOP SERP(a) | | | Company Matching Contributions to 401(k) Plan and SIM(b) | | | Imputed Income from BOLI | | | Perquisites(c) | | ||||||||||||
Thomas J. Kemly | | | | | 92,443 | | | | | | 9,900 | | | | | | 4,590 | | | | | | 15,850 | | |
Dennis E. Gibney | | | | | 42,651 | | | | | | 9,900 | | | | | | 433 | | | | | | 720 | | |
E. Thomas Allen, Jr. | | | | | 51,489 | | | | | | 9,900 | | | | | | 2,357 | | | | | | 8,965 | | |
John Klimowich | | | | | 36,432 | | | | | | 9,900 | | | | | | 979 | | | | | | 720 | | |
Allyson Schlesinger | | | | | 38,495 | | | | | | 9,900 | | | | | | — | | | | | | 5,650 | | |
| | | Grant Date | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of shares of stock (#)(3) | | | All Other Stock Awards: Number of Securities Underlying Options(4) | | | Exercise of Base Price of Option Awards ($/Sh) | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas J. Kemly | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,023 | | | | | | — | | | | | | — | | | | | | 207,587 | | |
PRSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,512 | | | | | | 26,047 | | | | | | 39,070 | | | | | | — | | | | | | — | | | | | | — | | | | | | 592,785 | | |
Stock Options | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,894 | | | | | | 15.94 | | | | | | 207,649 | | |
PAIP | | | | | | | | | | | 337,500 | | | | | | 675,000 | | | | | | 1,012,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dennis E. Gibney | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,605 | | | | | | — | | | | | | — | | | | | | 73,404 | | |
PRSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,302 | | | | | | 9,209 | | | | | | 13,814 | | | | | | — | | | | | | — | | | | | | — | | | | | | 209,181 | | |
Stock Options | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,398 | | | | | | 15.94 | | | | | | 73,241 | | |
PAIP | | | | | | | | | | | 133,650 | | | | | | 267,300 | | | | | | 400,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name | | | Grant Date | | | Estimated Future Payments Under Non-Equity Incentive Plan Awards | | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | All Other Stock Awards: Number of Shares of Stock (#)(1)(3) | | | All Other Option Awards; Number of Securities Underlying Options | | | Exercise or Base Price of Option Awards ($/Sh) | | | Grant Date Fair Value of Stock and Options Awards ($)(2)(3) | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Oliver E. Lewis, Jr. | | | | | 03/22/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 23,516 | | | | | | — | | | | | | — | | | | | | 419,996 | | |
| | | | | 03/22/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 57,026 | | | | | $ | 17.86 | | | | | | 279,998 | | |
| | | Grant Date | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of shares of stock (#)(3) | | | All Other Stock Awards: Number of Securities Underlying Options(4) | | | Exercise of Base Price of Option Awards ($/Sh) | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
E. Thomas Allen, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,220 | | | | | | — | | | | | | — | | | | | | 83,207 | | |
PRSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,610 | | | | | | 10,439 | | | | | | 15,659 | | | | | | — | | | | | | — | | | | | | — | | | | | | 237,570 | | |
Stock Options | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,188 | | | | | | 15.94 | | | | | | 83,230 | | |
PAIP | | | | | | | | | | | 164,125 | | | | | | 328,250 | | | | | | 492,375 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
John J. Klimowich | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,134 | | | | | | — | | | | | | — | | | | | | 65,896 | | |
PRSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,067 | | | | | | 8,269 | | | | | | 12,403 | | | | | | — | | | | | | — | | | | | | — | | | | | | 188,172 | | |
Stock Options | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,030 | | | | | | 15.94 | | | | | | 65,924 | | |
PAIP | | | | | | | | | | | 100,000 | | | | | | 200,000 | | | | | | 300,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Allyson Schlesinger | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,341 | | | | | | — | | | | | | — | | | | | | 69,196 | | |
PRSA | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,171 | | | | | | 8,682 | | | | | | 13,023 | | | | | | — | | | | | | — | | | | | | — | | | | | | 204,383 | | |
Stock Options | | | | | 05/01/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,632 | | | | | | 15.94 | | | | | | 69,223 | | |
PAIP | | | | | | | | | | | 126,000 | | | | | | 252,000 | | | | | | 378,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of Securities Underlying Unexercised Stock Options Exercisable(1) | | Number of Securities Underlying Unexercised Options Unexercisable(1)(4) | | Option Exercise Price | | Option Expiration Date | | Number of Shares of Restricted Stock Not Vested(2)(4) | | Market Value of Shares or Units of Restricted Stock Not Vested(3) | | Number of Unearned Performance Shares | | Market Value of Unearned Performance Shares | | | Grant Date | | Number of Securities Underlying Unexercised Options Exercisable (#)(1) | | Number of Underlying Unexercised Options Unexercisable (#)(1) | | Option Exercise Price | | Option Expiration Date | | Number of Shares Restricted Stock Not Vested(2) | | Market Value of Share or Units of Restricted Stock Not Vested(3) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Yet Vested (#)(4) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas J. Kemly | | | | 07/23/2019 | | | | | 262,588 | | | | | 393,883 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | $ | — | | | | | — | | | | $ | — | | | | | | | 05/01/2023 | | | | | — | | | | | 37,894 | | | | $ | 15.94 | | | | | 05/01/2033 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 214,616 | | | | | 4,476,890 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas J. Kemly | | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 13,023 | | | | $ | 251,083 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 39,070 | | | | $ | 753,270 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 525,176 | | | | | 131,295 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 26,827 | | | | | 517,225 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 96,000 | | | | | 144,000 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 05/01/2023 | | | | | — | | | | | 13,398 | | | | $ | 15.94 | | | | | 05/01/2033 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 78,462 | | | | | 1,636,718 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dennis E. Gibney | | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,605 | | | | | 88,784 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 13,814 | | | | | 266,334 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 07/23/2019 | | | | | 192,000 | | | | | 48,000 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 9,808 | | | | | 189,098 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 112,941 | | | | | 169,412 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 05/01/2023 | | | | | — | | | | | 15,188 | | | | $ | 15.94 | | | | | 05/01/2033 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 92,308 | | | | | 1,925,545 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
E. Thomas Allen, Jr. | | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,220 | | | | | 100,642 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,659 | | | | | 301,906 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 225,882 | | | | | 56,471 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,539 | | | | | 222,472 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 75,294 | | | | | 112,941 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 05/01/2023 | | | | | — | | | | | 12,030 | | | | $ | 15.94 | | | | | 05/01/2033 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 61,539 | | | | | 1,283,703 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Klimowich | | | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,134 | | | | | 79,704 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,403 | | | | | 239,130 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 150,588 | | | | | 37,647 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,693 | | | | | 148,321 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 62,117 | | | | | 93,177 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 05/01/2023 | | | | | — | | | | | 12,632 | | | | $ | 15.94 | | | | | 05/01/2033 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| | | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 50,770 | | | | | 1,059,063 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oliver E. Lewis, Jr. | | | | 12/16/2019 | | | | | 7,058 | | | | | 10,589 | | | | $ | 17.00 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 12/16/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,718 | | | | | 119,278 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 03/22/2021 | | | | | — | | | | | 57,026 | | | | $ | 17.86 | | | | | 03/22/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 03/22/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 23,516 | | | | | 490,544 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allyson Schlesinger | | | | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,341 | | | | | 83,694 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/01/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 13,023 | | | | | 251,083 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | 124,235 | | | | | 31,059 | | | | $ | 15.60 | | | | | 07/23/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 07/23/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,347 | | | | | 122,370 | | | | | — | | | | | — | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||
Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting(1) ($) | | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(1) | | ||||||||||||||||||||||||||||||||
Thomas J. Kemly | | | | — | | | | | — | | | | | 26,827 | | | | $ | 471,350 | | | | | | — | | | | | — | | | | | 26,827 | | | | | 490,129 | | | ||||||||
Dennis E. Gibney | | | | — | | | | | — | | | | | 9,808 | | | | | 172,327 | | | | | | — | | | | | — | | | | | 9,808 | | | | | 179,192 | | | ||||||||
E. Thomas Allen | | | | — | | | | | — | | | | | 11,539 | | | | | 202,740 | | | |||||||||||||||||||||||||||||
E. Thomas Allen, Jr. | | | | — | | | | | — | | | | | 11,539 | | | | | 210,818 | | | |||||||||||||||||||||||||||||
John Klimowich | | | | — | | | | | — | | | | | 7,692 | | | | | 135,148 | | | | | | — | | | | | — | | | | | 7,692 | | | | | 140,543 | | | ||||||||
Allyson Schlesinger | | | | — | | | | | — | | | | | 6,346 | | | | | 111,499 | | | | | | — | | | | | — | | | | | 6,346 | | | | | 115,941 | | | ||||||||
Oliver E. Lewis, Jr. | | | | — | | | | | — | | | | | 715 | | | | | 12,563 | | |
Name | | Plan Name | | Number of Years of Credited Service | | Present Value of Accumulated Benefit(1) | | | Plan Name | | Number of Years of Credited Service | | Present Value of Accumulated Benefit(1) | | ||||||||||||||||||
Thomas J. Kemly | | Columbia Bank Retirement Plan | | | | 40.67 | | | | | 4,327,332 | | | | Columbia Bank Retirement Plan | | | | 42.67 | | | | $ | 4,249,801 | | | ||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | 40.67 | | | | | 7,725,765 | | | | Columbia Bank RIM | | | | 42.67 | | | | | 7,670,555 | | | ||||||
Dennis E. Gibney | | Columbia Bank Retirement Plan | | | | 7.50 | | | | | 406,744 | | | | Columbia Bank Retirement Plan | | | | 9.50 | | | | | 354,057 | | | ||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | 7.50 | | | | | 168,932 | | | | Columbia Bank RIM | | | | 9.50 | | | | | 143,871 | | | ||||||
E. Thomas Allen, Jr. | | Columbia Bank Retirement Plan | | | | 27.25 | | | | | 2,971,349 | | | | Columbia Bank Retirement Plan | | | | 29.25 | | | | | 3,037,431 | | | ||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | 27.25 | | | | | 1,877,664 | | | | Columbia Bank RIM | | | | 29.25 | | | | | 1,838,141 | | | ||||||
John Klimowich | | Columbia Bank Retirement Plan | | | | 36.17 | | | | | 3,280,266 | | | | Columbia Bank Retirement Plan | | | | 38.17 | | | | | 2,911,801 | | | ||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | 36.17 | | | | | 511,867 | | | | Columbia Bank RIM | | | | 38.17 | | | | | 696,608 | | | ||||||
Allyson Schlesinger | | Columbia Bank Retirement Plan | | | | 3.25 | | | | | 212,059 | | | | Columbia Bank Retirement Plan | | | | 5.25 | | | | | 232,913 | | | ||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | 3.25 | | | | | 56,721 | | | | Columbia Bank RIM | | | | 5.25 | | | | | 69,171 | | | ||||||
Oliver E. Lewis, Jr. | | Columbia Bank Retirement Plan | | | | — | | | | | — | | | |||||||||||||||||||
| | Columbia Bank Retirement Income Maintenance Plan | | | | — | | | | | — | | |
Name | | | Plan | | | Executive Contributions in Last Fiscal Year | | | Company Contributions in Last Fiscal Year(1) | | | Aggregate Earnings in Last Fiscal Year(2) | | | Aggregate Balance at Last Fiscal Year End(3) | | ||||||||||||
Thomas J. Kemly | | | Columbia Bank Savings Income Maintenance Plan | | | | | 95,099 | | | | | | 2,086 | | | | | | — | | | | | | 1,436,130 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | 346,208 | | |
Dennis E. Gibney | | | Columbia Bank Savings Income Maintenance Plan | | | | | 26,969 | | | | | | — | | | | | | — | | | | | | 242,787 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | 112,225 | | |
E. Thomas Allen, Jr. | | | Columbia Bank Savings Income Maintenance Plan | | | | | 56,473 | | | | | | — | | | | | | — | | | | | | 154,653 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | 152,407 | | |
John Klimowich | | | Columbia Bank Savings Income Maintenance Plan | | | | | 14,104 | | | | | | — | | | | | | — | | | | | | 68,676 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | 69,683 | | |
Allyson Schlesinger | | | Columbia Bank Savings Income Maintenance Plan | | | | | 22,913 | | | | | | — | | | | | | — | | | | | | 35,818 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | 47,618 | | |
Oliver E. Lewis, Jr. | | | Columbia Bank Savings Income Maintenance Plan | | | | | — | | | | | | — | | | | | | — | | | | | | 15,997 | | |
| | | ESOP Supplemental Executive Retirement Plan | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
Name | | | Plan | | | Executive Contributions in 2023 | | | Company Contributions in 2023(1) | | | Aggregate Earnings in 2023(2) | | | Aggregate Balance at 12/31/2023(3) | | ||||||||||||
Thomas J. Kemly | | | Columbia Bank SIM | | | | $ | 131,922 | | | | | | — | | | | | | — | | | | | $ | 1,596,184 | | |
| | | ESOP SERP(4) | | | | | — | | | | | | 72,598 | | | | | | — | | | | | | 581,505 | | |
Dennis E. Gibney | | | Columbia Bank SIM | | | | | 12,080 | | | | | | — | | | | | | — | | | | | | 299,042 | | |
| | | ESOP SERP(4) | | | | | — | | | | | | 22,806 | | | | | | — | | | | | | 191,859 | | |
E. Thomas Allen, Jr. | | | Columbia Bank SIM | | | | | 28,746 | | | | | | — | | | | | | — | | | | | | 314,569 | | |
| | | ESOP SERP(4) | | | | | — | | | | | | 31,643 | | | | | | — | | | | | | 260,516 | | |
John Klimowich | | | Columbia Bank SIM | | | | | — | | | | | | — | | | | | | — | | | | | | 90,412 | | |
| | | ESOP SERP(4) | | | | | — | | | | | | 16,587 | | | | | | — | | | | | | 127,355 | | |
Allyson Schlesinger | | | Columbia Bank SIM | | | | | — | | | | | | — | | | | | | — | | | | | | 90,293 | | |
| | | ESOP SERP(4) | | | | | — | | | | | | 18,650 | | | | | | — | | | | | | 112,900 | | |
| | | Thomas J. Kemly | | | Dennis E. Gibney | | | E. Thomas Allen, Jr. | | | John Klimowich | | | Allyson Schlesinger | | | Oliver E. Lewis, Jr. | | ||||||||||||||||||
Death: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employment Agreements(1) | | | | $ | 1,431,028 | | | | | $ | 696,280 | | | | | $ | 824,820 | | | | | $ | 582,750 | | | | | $ | 598,500 | | | | | $ | 551,250 | | |
Executive Life Insurance | | | | $ | 1,228,500 | | | | | $ | 618,000 | | | | | $ | 708,500 | | | | | $ | 555,500 | | | | | $ | — | | | | | $ | — | | |
Performance Achievement Incentive Plan(2) | | | | $ | 765,160 | | | | | $ | 334,029 | | | | | $ | 441,025 | | | | | $ | 240,408 | | | | | $ | 294,737 | | | | | $ | 262,719 | | |
Equity Awards(3) | | | | $ | 2,024,163 | | | | | $ | 740,025 | | | | | $ | 870,611 | | | | | $ | 580,421 | | | | | $ | 478,862 | | | | | $ | 382,372 | | |
Total | | | | $ | 5,448,851 | | | | | $ | 2,388,334 | | | | | $ | 2,844,956 | | | | | $ | 1,959,079 | | | | | $ | 1,372,099 | | | | | $ | 1,196,341 | | |
Disability: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employment Agreements(4) | | | | $ | 1,431,028 | | | | | $ | 696,280 | | | | | $ | 824,820 | | | | | $ | 582,750 | | | | | $ | 598,500 | | | | | $ | 551,250 | | |
Performance Achievement Incentive Plan(2) | | | | $ | 765,160 | | | | | $ | 334,029 | | | | | $ | 441,025 | | | | | $ | 240,408 | | | | | $ | 294,737 | | | | | $ | 262,719 | | |
Equity Awards(3) | | | | $ | 2,024,163 | | | | | $ | 740,025 | | | | | $ | 870,611 | | | | | $ | 580,421 | | | | | $ | 478,862 | | | | | $ | 382,372 | | |
Total | | | | $ | 4,220,351 | | | | | $ | 1,770,334 | | | | | $ | 2,136,456 | | | | | $ | 1,403,579 | | | | | $ | 1,372,099 | | | | | $ | 1,196,341 | | |
Retirement: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employment Agreements | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Performance Achievement Incentive Plan(2) | | | | $ | 765,160 | | | | | $ | 334,029 | | | | | $ | 441,025 | | | | | $ | 240,408 | | | | | $ | 294,737 | | | | | $ | 262,719 | | |
Name | | | Expected Post- Termination Payments ($)(1)(4) – (6) | | | Executive Life Insurance ($) | | | Performance Achievement Plan ($)(2) | | | Acceleration of Equity Awards ($)(3)(7)(10) | | | ESOP SERP ($)(8) | | | Potential Forfeiture ($)(9) | | | Total Termination Benefits ($) | | |||||||||||||||||||||
Thomas J. Kemly | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Death | | | | $ | 1,575,009 | | | | | $ | 1,700,500 | | | | | $ | 191,634 | | | | | $ | 565,460 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,032,603 | | |
Disability | | | | | 1,575,009 | | | | | | — | | | | | | 191,634 | | | | | | 565,460 | | | | | | — | | | | | | — | | | | | | 2,332,103 | | |
Involuntary termination without cause | | | | | 4,993,891 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,993,891 | | |
Involuntary or good reason termination after CIC | | | | | 5,071,122 | | | | | | — | | | | | | — | | | | | | 2,131,309 | | | | | | 1,318,923 | | | | | | (196,476) | | | | | | 8,324,878 | | |
Retirement | | | | | — | | | | | | — | | | | | | 191,634 | | | | | | — | | | | | | — | | | | | | — | | | | | | 191,634 | | |
Dennis E. Gibney | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Death | | | | | 712,800 | | | | | | 668,500 | | | | | | 104,515 | | | | | | 199,934 | | | | | | — | | | | | | — | | | | | | 1,685,749 | | |
Disability | | | | | 712,800 | | | | | | — | | | | | | 104,515 | | | | | | 199,934 | | | | | | — | | | | | | — | | | | | | 1,017,249 | | |
Involuntary termination without cause | | | | | 1,607,346 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,607,346 | | |
Involuntary or good reason termination after CIC | | | | | 2,397,376 | | | | | | — | | | | | | — | | | | | | 765,606 | | | | | | 552,671 | | | | | | (186,355) | | | | | | 3,529,298 | | |
Retirement | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
E. Thomas Allen, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Death | | | | | 833,250 | | | | | | 757,500 | | | | | | 93,190 | | | | | | 226,638 | | | | | | — | | | | | | — | | | | | | 1,910,578 | | |
Disability | | | | | 833,250 | | | | | | — | | | | | | 93,190 | | | | | | 226,638 | | | | | | — | | | | | | — | | | | | | 1,153,078 | | |
| | | Thomas J. Kemly | | | Dennis E. Gibney | | | E. Thomas Allen, Jr. | | | John Klimowich | | | Allyson Schlesinger | | | Oliver E. Lewis, Jr. | | ||||||||||||||||||
Equity Awards | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Total | | | | $ | 765,160 | | | | | $ | 334,029 | | | | | $ | 441,025 | | | | | $ | 240,408 | | | | | $ | 294,737 | | | | | $ | 262,719 | | |
Involuntary Termination by Company without Cause or Resignation by Executive for Good Reason Prior to Change in Control: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employment Agreements(5) | | | | $ | 5,136,589 | | | | | $ | 1,803,764 | | | | | $ | 2,145,425 | | | | | $ | 1,483,084 | | | | | $ | 893,237 | | | | | $ | 862,694 | | |
Equity Awards | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Total | | | | $ | 5,136,589 | | | | | $ | 1,803,764 | | | | | $ | 2,145,425 | | | | | $ | 1,483,084 | | | | | $ | 893,237 | | | | | $ | 862,694 | | |
Involuntary Termination by Company without Cause or Resignation by Executive for Good Reason Upon or After Change in Control: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employment Agreements(6) | | | | $ | 5,214,934 | | | | | $ | 2,577,220 | | | | | $ | 3,025,005 | | | | | $ | 2,143,009 | | | | | $ | 1,491,737 | | | | | $ | 1,462,668 | | |
Equity Awards(7)(10) | | | | $ | 6,548,714 | | | | | $ | 2,394,157 | | | | | $ | 2,816,652 | | | | | $ | 1,877,773 | | | | | $ | 1,549,173 | | | | | $ | 821,773 | | |
ESOP SERP(8) | | | | $ | 2,200,806 | | | | | $ | 874,882 | | | | | $ | 1,102,784 | | | | | $ | 633,858 | | | | | $ | 441,970 | | | | | $ | 161,351 | | |
Potential Forfeiture (Best Net After Tax)(9) | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (175,739) | | | | | $ | (411,897) | | |
Total | | | | $ | 13,964,454 | | | | | $ | 5,846,259 | | | | | $ | 6,944,441 | | | | | $ | 4,654,641 | | | | | $ | 3,307,141 | | | | | $ | 2,033,896 | | |
Name | | | Expected Post- Termination Payments ($)(1)(4) – (6) | | | Executive Life Insurance ($) | | | Performance Achievement Plan ($)(2) | | | Acceleration of Equity Awards ($)(3)(7)(10) | | | ESOP SERP ($)(8) | | | Potential Forfeiture ($)(9) | | | Total Termination Benefits ($) | | |||||||||||||||||||||
Involuntary termination without cause | | | | | 1,813,667 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,813,667 | | |
Involuntary or good reason termination after CIC | | | | | 2,700,893 | | | | | | — | | | | | | — | | | | | | 883,560 | | | | | | 704,071 | | | | | | (5,983) | | | | | | 4,282,541 | | |
Retirement | | | | | — | | | | | | — | | | | | | 93,190 | | | | | | — | | | | | | — | | | | | | — | | | | | | 99,190 | | |
John Klimowich | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Death | | | | | 600,000 | | | | | | 600,000 | | | | | | 82,400 | | | | | | 179,507 | | | | | | — | | | | | | — | | | | | | 1,461,907 | | |
Disability | | | | | 600,000 | | | | | | — | | | | | | 82,400 | | | | | | 179,507 | | | | | | — | | | | | | — | | | | | | 861,907 | | |
Involuntary termination without cause | | | | | 1,359,631 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,359,631 | | |
Involuntary or good reason termination after CIC | | | | | 2,036,861 | | | | | | — | | | | | | — | | | | | | 645,876 | | | | | | 449,298 | | | | | | (319,228) | | | | | | 2,812,806 | | |
Retirement | | | | | — | | | | | | — | | | | | | 82,400 | | | | | | — | | | | | | — | | | | | | — | | | | | | 82,400 | | |
Allyson Schlesinger | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Death | | | | | 672,000 | | | | | | — | | | | | | 111,384 | | | | | | 188,484 | | | | | | — | | | | | | — | | | | | | 971,868 | | |
Disability | | | | | 672,000 | | | | | | — | | | | | | 111,384 | | | | | | 188,484 | | | | | | — | | | | | | — | | | | | | 971,868 | | |
Involuntary termination without cause | | | | | 783,384 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 783,384 | | |
Involuntary or good reason termination after CIC | | | | | 1,455,384 | | | | | | — | | | | | | — | | | | | | 613,636 | | | | | | 521,483 | | | | | | — | | | | | | 2,590,503 | | |
Retirement | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | Summary Compensation Table Total for Chief Executive Officer ($) | | | Compensation Actually Paid to Chief Executive Officer ($)(1) | | | Average Summary Compensation Tables Total for NEOs other than CEO ($)(2) | | | Average Compensation Actually Paid to NEOs other than CEO ($)(2) | | | Value of Initial Fixed $100 Investment Based on Cumulative Shareholder Return | | | | | | | | | | | | | | |||||||||||||||||||||
Year | | | Total Shareholder Return ($) | | | Peer Group Total Shareholder Return ($)(3) | | | Net Income (in thousands) ($)(4) | | | Bank Level Core ROAA(5) | | ||||||||||||||||||||||||||||||||||||
2023 | | | | | 3,695,655 | | | | | | 549,639 | | | | | | 1,250,538 | | | | | | 374,582 | | | | | | 114 | | | | | | 101 | | | | | | 36,086 | | | | | | 0.46% | | |
2022 | | | | | 1,662,649 | | | | | | 2,257,930 | | | | | | 851,145 | | | | | | 947,272 | | | | | | 128 | | | | | | 92 | | | | | | 86,173 | | | | | | 0.96% | | |
2021 | | | | | 2,131,936 | | | | | | 5,339,883 | | | | | | 1,034,874 | | | | | | 1,913,716 | | | | | | 123 | | | | | | 110 | | | | | | 92,049 | | | | | | 1.04% | | |
2020 | | | | | 3,617,871 | | | | | | 250,813 | | | | | | 1,243,038 | | | | | | 291,576 | | | | | | 92 | | | | | | 79 | | | | | | 57,603 | | | | | | 0.73% | | |
| | | 2023 ($) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | ||||||||||||
Total Annual Compensation in Summary Compensation Table | | | | | 3,695,655 | | | | | | 1,662,649 | | | | | | 2,131,936 | | | | | | 3,617,871 | | |
Plus/Minus: Aggregate Change in Pension Value | | | | | (1,672,739) | | | | | | — | | | | | | (366,796) | | | | | | (1,751,023) | | |
Increase/Decrease for “Service Cost” for Pension Plans | | | | | (43,689) | | | | | | (16,229) | | | | | | 31,875 | | | | | | 36,431 | | |
Minus: stock awards reported in Summary Compensation Table | | | | | (622,776) | | | | | | — | | | | | | — | | | | | | — | | |
Minus: option awards reported in Summary Compensation Table | | | | | (207,659) | | | | | | — | | | | | | — | | | | | | — | | |
Plus/Minus: fair value at covered fiscal year end of unvested stock awards and stock options granted during covered fiscal year | | | | | 300,557 | | | | | | — | | | | | | — | | | | | | — | | |
Plus/Minus: change in fair value at covered fiscal year end of unvested stock awards and stock options granted in any prior fiscal year that remain outstanding | | | | | (370,005) | | | | | | 240,345 | | | | | | 3,225,045 | | | | | | (1,057,935) | | |
Plus/Minus: change in fair value at vesting date of stock awards granted in any prior fiscal year for which all applicable vesting conditions have been satisfied | | | | | (529,705) | | | | | | 371,165 | | | | | | 317,823 | | | | | | (594,531) | | |
Compensation Actually Paid | | | | | 549,639 | | | | | | 2,257,930 | | | | | | 5,339,883 | | | | | | 250,813 | | |
| | | 2023 ($) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | ||||||||||||
Total Average Compensation in Summary Compensation Table | | | | | 1,250,538 | | | | | | 851,145 | | | | | | 1,034,874 | | | | | | 1,243,038 | | |
Minus: aggregate change in pension value | | | | | (369,708) | | | | | | — | | | | | | (108,626) | | | | | | (430,153) | | |
Increase/Decrease for “Service Cost” for Pension Plans | | | | | (23,429) | | | | | | (9,147) | | | | | | 26,558 | | | | | | 23,589 | | |
Minus: stock awards reported in Summary Compensation Table | | | | | (218,773) | | | | | | (81,002) | | | | | | (83,999) | | | | | | — | | |
Minus: option awards reported in Summary Compensation Table | | | | | (72,950) | | | | | | (54,000) | | | | | | (56,000) | | | | | | — | | |
Plus: fair value at covered fiscal year-end of unvested stock awards and stock options granted during covered fiscal year | | | | | 105,584 | | | | | | 78,960 | | | | | | 147,310 | | | | | | — | | |
| | | 2023 ($) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | ||||||||||||
Plus/Minus: change in fair value at covered fiscal year-end of unvested stock awards and stock options granted in any prior fiscal year that remain outstanding | | | | | (122,010) | | | | | | 63,403 | | | | | | 868,051 | | | | | | (348,854) | | |
Plus/Minus: change in fair value at vesting date of stock awards granted in any prior fiscal year for which all applicable vesting conditions have been satisfied | | | | | (174,671) | | | | | | 97,913 | | | | | | 85,548 | | | | | | (196,045) | | |
Compensation Actually Paid | | | | | 374,582 | | | | | | 947,272 | | | | | | 1,913,716 | | | | | | 291,576 | | |
|
| | | | | 2023 | | | 2022 | | | ||||||
| | Audit Fees(1) | | | | $ | 1,185,000 | | | | | $ | 1,239,000 | | | |
| | Audit-Related Fees(2) | | | | | 65,000 | | | | | | 65,000 | | | |
| | Tax Fees | | | | | — | | | | | | — | | | |
| | All Other Fees | | | | | — | | | | | | — | | | |
| | Name(1)(2) | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($) | | | Option Awards ($) | | | Nonqualified Deferred Compensation Earnings ($)(3) | | | All Other Compensation ($)(4) | | | Total ($) | | | ||||||||||||||||||
| | Frank Czerwinski | | | | | 113,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,778 | | | | | | 114,778 | | | |
| | Noel R. Holland | | | | | 165,735 | | | | | | — | | | | | | — | | | | | | 24,765 | | | | | | 3,830 | | | | | | 194,330 | | | |
| | James M. Kuiken | | | | | 105,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 105,500 | | | |
| | Michael Massood, Jr. | | | | | 113,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,043 | | | | | | 127,043 | | | |
| | Elizabeth E. Randall | | | | | 55,250 | | | | | | — | | | | | | — | | | | | | 55,250 | | | | | | 1,243 | | | | | | 111,743 | | | |
| | Lucy Sorrentini | | | | | 55,042 | | | | | | — | | | | | | — | | | | | | 55,042 | | | | | | 30,012 | | | | | | 140,096 | | | |
| | Daria Stacy-Walls Torres(5) | | | | | 6,950 | | | | | | — | | | | | | — | | | | | | 42,550 | | | | | | — | | | | | | 49,500 | | | |
| | Robert Van Dyk | | | | | 109,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 109,200 | | | |
| | Paul Van Ostenbridge | | | | | 109,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | 142 | | | | | | 109,342 | | | |
| | Name and Address | | Number of Shares Owned | | Percent of Common Stock Outstanding(1) | | | | Name and Address | | Number of Shares Owned | | Percent of Common Stock Outstanding(1) | | | ||||||||||||||||
| | Columbia Bank MHC 19-01 Route 208 North Fair Lawn, New Jersey 07410 | | | | 69,930,210 | | | | | 65.5% | | | | | Columbia Bank MHC 19-01 Route 208 North Fair Lawn, New Jersey 07410 | | | | 76,016,524 | | | | | 72.4% | | | |
| | Name | | | Number of Shares Owned(1) | | | Number of Shares That May Be Acquired Within 60 Days By Exercising Options | | | ||||||
| | Directors: | | | | | | | | | | | | | | |
| | Noel R. Holland | | | | | 92,800 | | | | | | 33,317 | | | |
| | Frank Czerwinski(2) | | | | | 89,038 | | | | | | 33,317 | | | |
| | Thomas J. Kemly(3) | | | | | 469,972 | | | | | | 262,588 | | | |
| | James M. Kuiken | | | | | 4,816 | | | | | | — | | | |
| | Michael Massood, Jr. | | | | | 87,998 | | | | | | 33,317 | | | |
| | Elizabeth E. Randall | | | | | 88,582 | | | | | | 33,317 | | | |
| | Lucy Sorrentini | | | | | 6,861 | | | | | | — | | | |
| | Robert Van Dyk(4) | | | | | 131,038 | | | | | | 33,317 | | | |
| | Paul Van Ostenbridge | | | | | 9,141 | | | | | | — | | | |
| | Daria Stacy-Walls Torres | | | | | 2,631 | | | | | | — | | | |
| | Executive Officers Who Are Not Directors: | | | | | | | | | | | | | | |
| | E. Thomas Allen, Jr. | | | | | 185,930 | | | | | | 112,941 | | | |
| | Damodaram Bashyam | | | | | 41,219 | | | | | | 36,601 | | | |
| | Dennis E. Gibney(5) | | | | | 188,762 | | | | | | 96,000 | | | |
| | W Justin Jennings | | | | | — | | | | | | — | | | |
| | Geri M. Kelly | | | | | 130,403 | | | | | | 60,235 | | | |
| | John Klimowich | | | | | 110,750 | | | | | | 75,294 | | | |
| | Mark S. Krukar | | | | | 112,640 | | | | | | 56,470 | | | |
| | Oliver E. Lewis, Jr. | | | | | 33,316 | | | | | | 7,058 | | | |
| | Brian W. Murphy(6) | | | | | 67,686 | | | | | | 31,058 | | | |
| | Allyson Schlesinger | | | | | 83,826 | | | | | | 62,117 | | | |
| | All Directors, Director Nominees and Executive Officers as a Group (20 persons) | | | | | 1,937,409 | | | | | | 966,947 | | | |
| | Name and Address | | | Number of Shares Owned(1) | | | Number of Shares That May be Acquired Within 60 Days by Exercising Options | | | ||||||
| | Non-Employee Directors: | | | | | | | | | | | | | | |
| | Noel R. Holland | | | | | 99,576 | | | | | | 66,635 | | | |
| | James M. Kuiken | | | | | 12,864 | | | | | | — | | | |
| | Michael Massood, Jr. | | | | | 96,666 | | | | | | 66,635 | | | |
| | Elizabeth E. Randall | | | | | 97,761 | | | | | | 45,815 | | | |
| | Lucy Sorrentini | | | | | 17,411 | | | | | | — | | | |
| | Robert Van Dyk | | | | | 131,799 | | | | | | 66,635 | | | |
| | Paul Van Ostenbridge | | | | | 19,539 | | | | | | — | | | |
| | Daria S. Torres | | | | | 23,105 | | | | | | — | | | |
| | Executive Officers: | | | | | | | | | | | | | | |
| | Thomas J. Kemly(2) | | | | | 521,647 | | | | | | 537,807 | | | |
| | E. Thomas Allen, Jr. | | | | | 197,678 | | | | | | 230,944 | | | |
| | Dennis E. Gibney(3) | | | | | 229,737 | | | | | | 196,466 | | | |
| | W. Justin Jennings | | | | | 26,380 | | | | | | 27,650 | | | |
| | John Klimowich | | | | | 130,912 | | | | | | 154,598 | | | |
| | Oliver E. Lewis, Jr. | | | | | 65,402 | | | | | | 75,002 | | | |
| | Manesh Prabhu | | | | | 29,873 | | | | | | 7,147 | | | |
| | Allyson Schlesinger | | | | | 123,656 | | | | | | 128,445 | | | |
| | Mayra L. Rinaldi(4) | | | | | 49,580 | | | | | | 42,035 | | | |
| | Jenifer W. Walden | | | | | 20,360 | | | | | | 3,913 | | | |
| | All directors and executive officers as a group (18 persons) | | | | | 1,893,946 | | | | | | 1,649,727 | | | |
| | | | | Columbia Bank Employee Stock Ownership Plan (ESOP) | | | Columbia Bank Supplemental Executive Retirement Plan (SERP) | | | Columbia Bank Savings and Investment Plan (401(k) Plan) | | | Columbia Bank Savings Income Maintenance Plan | | | Columbia Bank Stock Based Deferral Plan | | | Columbia Financial, Inc. 2019 Equity Incentive Plan(1) | | | ||||||||||||||||||
| | Noel R. Holland | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,762 | | | | | | 20,423 | | | |
| | Frank Czerwinski(2) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,423 | | | |
| | Thomas J. Kemly(3) | | | | | 3,354 | | | | | | 16,595 | | | | | | 40,926 | | | | | | 41,572 | | | | | | 47,068 | | | | | | 214,616 | | | |
| | James M. Kuiken | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,211 | | | |
| | Michael Massood, Jr. | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,423 | | | |
| | Elizabeth E. Randall | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,258 | | | | | | 20,423 | | | |
| | Lucy Sorrentini | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,245 | | | | | | 2,211 | | | |
| | Daria Stacy-Walls Torres | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,631 | | | | | | — | | | |
| | Robert Van Dyk(4) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,423 | | | |
| | Paul Van Ostenbridge | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,211 | | | |
| | E. Thomas Allen, Jr. | | | | | 3,354 | | | | | | 7,306 | | | | | | 31,000 | | | | | | 1,352 | | | | | | 5,584 | | | | | | 92,308 | | | |
| | Damodaram Bashyam | | | | | 1,120 | | | | | | 503 | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,647 | | | |
| | Dennis E. Gibney(5) | | | | | 3,354 | | | | | | 5,378 | | | | | | — | | | | | | — | | | | | | 1,953 | | | | | | 78,462 | | | |
| | Geri M. Kelly | | | | | 3,354 | | | | | | 2,760 | | | | | | 25,050 | | | | | | 1,003 | | | | | | 8,719 | | | | | | 49,231 | | | |
| | John Klimowich | | | | | 3,354 | | | | | | 3,339 | | | | | | 17,143 | | | | | | 2,836 | | | | | | 2,831 | | | | | | 61,539 | | | |
| | Mark S. Krukar | | | | | 3,354 | | | | | | 2,962 | | | | | | 25,364 | | | | | | 4,761 | | | | | | 8,507 | | | | | | 46,154 | | | |
| | Oliver E. Lewis, Jr. | | | | | 2,256 | | | | | | — | | | | | | — | | | | | | — | | | | | | 872 | | | | | | 29,234 | | | |
| | Brian W. Murphy(6) | | | | | 3,354 | | | | | | 1,184 | | | | | | 30,000 | | | | | | 246 | | | | | | 2,180 | | | | | | 25,385 | | | |
| | Allyson Schlesinger | | | | | 2,418 | | | | | | 2,282 | | | | | | — | | | | | | 1,717 | | | | | | 6,641 | | | | | | 50,770 | | | |
| | | | | Stock Ownership Plan (ESOP) | | | Columbia Bank Supplemental Executive Retirement Plan (SERP) | | | Columbia Bank Savings and Investment Plan (401(k) Plan) | | | Columbia Bank Savings Income Maintenance Plan | | | Columbia Bank Stock Based Deferral Plan | | | Columbia Financial, Inc. 2019 Equity Incentive Plan(a) | | | ||||||||||||||||||
| | Noel R. Holland | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,777 | | | | | | 12,569 | | | |
| | Thomas J. Kemly | | | | | 6,451 | | | | | | 30,157 | | | | | | 40,946 | | | | | | 41,572 | | | | | | 58,985 | | | | | | 134,213 | | | |
| | James M. Kuiken | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,761 | | | |
| | Michael Massood, Jr. | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,569 | | | |
| | Elizabeth E. Randall | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,676 | | | | | | 12,569 | | | |
| | Lucy Sorrentini | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,747 | | | | | | 5,761 | | | |
| | Daria S. Torres | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,057 | | | | | | 5,761 | | | |
| | Robert Van Dyk | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,569 | | | |
| | Paul Van Ostenbridge | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,761 | | | |
| | E. Thomas Allen, Jr. | | | | | 6,451 | | | | | | 13,511 | | | | | | 31,015 | | | | | | 1,652 | | | | | | 5,584 | | | | | | 49,039 | | | |
| | Dennis E. Gibney | | | | | 6,451 | | | | | | 9,947 | | | | | | — | | | | | | — | | | | | | 1,953 | | | | | | 42,890 | | | |
| | W. Justin Jennings | | | | | 1,948 | | | | | | 500 | | | | | | — | | | | | | — | | | | | | 2,011 | | | | | | 14,699 | | | |
| | John Klimowich | | | | | 6,451 | | | | | | 6,602 | | | | | | 17,130 | | | | | | 4,214 | | | | | | 5,915 | | | | | | 37,395 | | | |
| | Oliver E. Lewis, Jr. | | | | | 5,353 | | | | | | 2,457 | | | | | | — | | | | | | 441 | | | | | | 4,050 | | | | | | 29,304 | | | |
| | Manesh Prabhu | | | | | 982 | | | | | | 117 | | | | | | 650 | | | | | | — | | | | | | 216 | | | | | | 27,014 | | | |
| | Mayra L. Rinaldi | | | | | 5,638 | | | | | | 68 | | | | | | 7,249 | | | | | | — | | | | | | — | | | | | | 19,487 | | | |
| | Allyson Schlesinger | | | | | 5,514 | | | | | | 5,854 | | | | | | — | | | | | | 4,683 | | | | | | 12,587 | | | | | | 37,535 | | | |
| | Jenifer W. Walden | | | | | 982 | | | | | | 45 | | | | | | — | | | | | | 14 | | | | | | 1,248 | | | | | | 17,422 | | | |
| | | For the 12 Months Ended December 31, 2023 | | |||
Net Income | | | | $ | 35,828 | | |
Plus: loss on sale of securities, net | | | | | 8,364 | | |
Plus: swap fair value depreciation, net | | | | | 233 | | |
Less: appreciation in value of equity securities, net | | | | | (544) | | |
Plus: loss on disposal of fixed assets, net | | | | | 129 | | |
Plus: merger expenses, net | | | | | 436 | | |
Plus: severance for staff reduction, net | | | | | 1,670 | | |
Core Net Income | | | | $ | 46,116 | | |
| | | For the 12 Months Ended December 31, 2023 | | |||
Bank Net Income | | | | $ | 35,828 | | |
Bank Average Assets | | | | $ | 10,059,170 | | |
Bank ROAA | | | | | 0.36% | | |
Bank Core Net Income | | | | $ | 46,116 | | |
Bank Average Assets | | | | $ | 10,059,170 | | |
Bank Core ROAA | | | | | 0.46% | | |
| | | For the 12 Months Ended December 31, 2023 | | |||
Core Efficiency Ratio at Bank Level | | | | | 72.7% | | |
Efficiency Ratio | | | | | 77.4% | | |
Noninterest Expense | | | | $ | 175,297 | | |
Net Interest Income | | | | $ | 203,900 | | |
Noninterest Income | | | | | 22,630 | | |
Revenue | | | | $ | 226,530 | | |
Noninterest Expense | | | | $ | 175,297 | | |
Less: loss on disposal of fixed assets | | | | | (168) | | |
Less: merger expenses | | | | | (565) | | |
Less: severance for staff reduction | | | | | (2,166) | | |
Core Noninterest Expenses | | | | $ | 172,398 | | |
Revenue | | | | $ | 226,530 | | |
Plus: loss on sale of securities, net | | | | | 10,847 | | |
Plus: swap fair value depreciation, net | | | | | 302 | | |
Less: appreciation in value of equity securities, net | | | | | (705) | | |
Core Revenue | | | | $ | 236,974 | | |
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