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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our CEO and Non-CEO NEOs and Company performance for the fiscal years listed below. More information on the Company’s compensation program and decisions for the 2023 performance year can be found in the “Compensation Discussion and Analysis” included in this Proxy Statement.
​ ​ ​ ​
Summary
Compensation
Table Total
for CEO(1)
($)
​ ​
Compensation
Actually Paid
to CEO(1)(2)(3)
($)
​ ​
Average
Summary
Compensation
Table Total for
Non-CEO NEOs(1)
($)
​ ​
Average
Compensation
Actually Paid to
Non-CEO NEOs(1)(2)(3)
($)
​ ​
Value of Initial
Fixed $100
Investment
based on:(4)
​ ​
Net Income
($ Millions)
​ ​
Core Return on
Average Tangible
Stockholders’
Equity (%)(5)
​
​
Year
​ ​
TSR
($)
​ ​
Peer
Group TSR
($)
​
​ (a) ​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
​ 2023 ​ ​ ​ ​ 5,366,855 ​ ​ ​ ​ ​ 3,454,911 ​ ​ ​ ​ ​ 1,522,774 ​ ​ ​ ​ ​ 1,402,194 ​ ​ ​ ​ ​ 95.04 ​ ​ ​ ​ ​ 115.64 ​ ​ ​ ​ ​ 235 ​ ​ ​ ​ ​ 18.4 ​ ​
​ 2022 ​ ​ ​ ​ 4,551,135 ​ ​ ​ ​ ​ 5,768,293 ​ ​ ​ ​ ​ 1,272,234 ​ ​ ​ ​ ​ 1,029,347 ​ ​ ​ ​ ​ 102.79 ​ ​ ​ ​ ​ 116.10 ​ ​ ​ ​ ​ 266 ​ ​ ​ ​ ​ 20.2 ​ ​
​ 2021 ​ ​ ​ ​ 4,427,813 ​ ​ ​ ​ ​ 4,769,225 ​ ​ ​ ​ ​ 1,354,207 ​ ​ ​ ​ ​ 1,430,129 ​ ​ ​ ​ ​ 103.73 ​ ​ ​ ​ ​ 124.74 ​ ​ ​ ​ ​ 266 ​ ​ ​ ​ ​ 16.3 ​ ​
​ 2020 ​ ​ ​ ​ 5,651,505 ​ ​ ​ ​ ​ 2,819,314 ​ ​ ​ ​ ​ 1,181,879 ​ ​ ​ ​ ​ 922,849 ​ ​ ​ ​ ​ 86.21 ​ ​ ​ ​ ​ 91.29 ​ ​ ​ ​ ​ 186 ​ ​ ​ ​ ​ 11.1 ​ ​
​
(1)
Robert S. Harrison was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.
​
​
2020
​ ​ ​
2021
​ ​ ​
2022
​ ​ ​
2023
​
​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​
​
Ravi Mallela
​ ​ ​
Ravi Mallela
​ ​ ​
Christopher L. Dods
​ ​ ​
Neill A. Char
​
​
Ralph M. Mesick
​ ​ ​
Ralph M. Mesick
​ ​ ​
Ravi Mallela
​ ​ ​
Christopher L. Dods
​
​
Lance A. Mizumoto
​ ​ ​
Lance A. Mizumoto
​ ​ ​
Ralph M. Mesick
​ ​ ​
Ralph M. Mesick
​
​ ​ ​ ​ ​
Mitchell E. Nishimoto
​ ​ ​
Lance A. Mizumoto
​ ​ ​
Lance A. Mizumoto
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
James M. Moses
​
​
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
​
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019.
​
​
Year
​ ​
Summary
Compensation
Table Total
for CEO
($)
​ ​
Exclusion of
Change in
Pension Value
for CEO
($)
​ ​
Exclusion of
Stock Awards
for CEO
($)
​ ​
Inclusion of
Pension Service
Cost for CEO
($)
​ ​
Inclusion of
Equity Values
for CEO
($)
​ ​
Compensation
Actually Paid
to CEO
($)
​
​ 2023 ​ ​ ​ ​ 5,366,855 ​ ​ ​ ​ ​ (1,142,308) ​ ​ ​ ​ ​ (2,299,977) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​ ​ ​ ​ 3,454,911 ​ ​
​ 2022 ​ ​ ​ ​ 4,551,135 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,986) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​ ​ ​ ​ 5,768,293 ​ ​
​ 2021 ​ ​ ​ ​ 4,427,813 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,976) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​ ​ ​ ​ 4,769,225 ​ ​
​ 2020 ​ ​ ​ ​ 5,651,505 ​ ​ ​ ​ ​ (1,874,412) ​ ​ ​ ​ ​ (1,999,984) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​ ​ ​ ​ 2,819,314 ​ ​
​
Year
​ ​
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Change in
Pension Value
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards
for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Pension Service
Cost for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values
for Non-CEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)
​
​ 2023 ​ ​ ​ ​ 1,522,774 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (453,318) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 332,738 ​ ​ ​ ​ ​ 1,402,194 ​ ​
​ 2022 ​ ​ ​ ​ 1,272,234 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (349,988) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 107,101 ​ ​ ​ ​ ​ 1,029,347 ​ ​
​ 2021 ​ ​ ​ ​ 1,354,207 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (391,985) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 467,907 ​ ​ ​ ​ ​ 1,430,129 ​ ​
​ 2020 ​ ​ ​ ​ 1,181,879 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (442,488) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​ ​ ​ ​ 922,849 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
​
Year
​ ​
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO
($)
​ ​
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO
($)
​ ​
Total – Inclusion of
Equity Values for
CEO
($)
​
​ 2023 ​ ​ ​ ​ 2,714,159 ​ ​ ​ ​ ​ (535,072) ​ ​ ​ ​ ​ (648,746) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​
​ 2022 ​ ​ ​ ​ 2,316,288 ​ ​ ​ ​ ​ 737,481 ​ ​ ​ ​ ​ 163,375 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​
​ 2021 ​ ​ ​ ​ 1,846,760 ​ ​ ​ ​ ​ 360,544 ​ ​ ​ ​ ​ 134,084 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​
​ 2020 ​ ​ ​ ​ 1,947,850 ​ ​ ​ ​ ​ (627,344) ​ ​ ​ ​ ​ (278,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​
​
Year
​ ​
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs
($)
​ ​
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs
($)
​ ​
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs
($)
​
​ 2023 ​ ​ ​ ​ 527,687 ​ ​ ​ ​ ​ (80,231) ​ ​ ​ ​ ​ (76,589) ​ ​ ​ ​ ​ (38,129) ​ ​ ​ ​ ​ 332,738 ​ ​
​ 2022 ​ ​ ​ ​ 405,340 ​ ​ ​ ​ ​ 103,608 ​ ​ ​ ​ ​ 16,590 ​ ​ ​ ​ ​ (418,437) ​ ​ ​ ​ ​ 107,101 ​ ​
​ 2021 ​ ​ ​ ​ 389,490 ​ ​ ​ ​ ​ 66,030 ​ ​ ​ ​ ​ 41,829 ​ ​ ​ ​ ​ (29,442) ​ ​ ​ ​ ​ 467,907 ​ ​
​ 2020 ​ ​ ​ ​ 430,942 ​ ​ ​ ​ ​ (177,191) ​ ​ ​ ​ ​ (70,293) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​
​
(4)
The Peer Group TSR set forth in this table utilizes the KBW Regional Banking Index (“KRX”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the KRX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
​
(5)
We determined Core Return on Average Tangible Stockholders’ Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our CEO and Non-CEO NEOs in 2023, as required pursuant to Item 402(v) of Regulation S-K. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. Core Return on Average Tangible Stockholders’ Equity is a non-GAAP financial measure. We compute our Core Return on Average Tangible Stockholders’ Equity as the ratio of core net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total common equity. Please see Annex A for further explanation and a reconciliation.
​
      
Company Selected Measure Name Core Return on Average Tangible Stockholders’ Equity      
Named Executive Officers, Footnote
(1)
Robert S. Harrison was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.
​
​
2020
​ ​ ​
2021
​ ​ ​
2022
​ ​ ​
2023
​
​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​ ​ ​
Alan H. Arizumi
​
​
Ravi Mallela
​ ​ ​
Ravi Mallela
​ ​ ​
Christopher L. Dods
​ ​ ​
Neill A. Char
​
​
Ralph M. Mesick
​ ​ ​
Ralph M. Mesick
​ ​ ​
Ravi Mallela
​ ​ ​
Christopher L. Dods
​
​
Lance A. Mizumoto
​ ​ ​
Lance A. Mizumoto
​ ​ ​
Ralph M. Mesick
​ ​ ​
Ralph M. Mesick
​
​ ​ ​ ​ ​
Mitchell E. Nishimoto
​ ​ ​
Lance A. Mizumoto
​ ​ ​
Lance A. Mizumoto
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
James M. Moses
​
     
Peer Group Issuers, Footnote
The Peer Group TSR set forth in this table utilizes the KBW Regional Banking Index (“KRX”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the KRX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
     
PEO Total Compensation Amount $ 5,366,855 $ 4,551,135 $ 4,427,813 $ 5,651,505
PEO Actually Paid Compensation Amount $ 3,454,911 5,768,293 4,769,225 2,819,314
Adjustment To PEO Compensation, Footnote
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
​
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019.
​
​
Year
​ ​
Summary
Compensation
Table Total
for CEO
($)
​ ​
Exclusion of
Change in
Pension Value
for CEO
($)
​ ​
Exclusion of
Stock Awards
for CEO
($)
​ ​
Inclusion of
Pension Service
Cost for CEO
($)
​ ​
Inclusion of
Equity Values
for CEO
($)
​ ​
Compensation
Actually Paid
to CEO
($)
​
​ 2023 ​ ​ ​ ​ 5,366,855 ​ ​ ​ ​ ​ (1,142,308) ​ ​ ​ ​ ​ (2,299,977) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​ ​ ​ ​ 3,454,911 ​ ​
​ 2022 ​ ​ ​ ​ 4,551,135 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,986) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​ ​ ​ ​ 5,768,293 ​ ​
​ 2021 ​ ​ ​ ​ 4,427,813 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,976) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​ ​ ​ ​ 4,769,225 ​ ​
​ 2020 ​ ​ ​ ​ 5,651,505 ​ ​ ​ ​ ​ (1,874,412) ​ ​ ​ ​ ​ (1,999,984) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​ ​ ​ ​ 2,819,314 ​ ​
​
Year
​ ​
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Change in
Pension Value
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards
for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Pension Service
Cost for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values
for Non-CEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)
​
​ 2023 ​ ​ ​ ​ 1,522,774 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (453,318) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 332,738 ​ ​ ​ ​ ​ 1,402,194 ​ ​
​ 2022 ​ ​ ​ ​ 1,272,234 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (349,988) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 107,101 ​ ​ ​ ​ ​ 1,029,347 ​ ​
​ 2021 ​ ​ ​ ​ 1,354,207 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (391,985) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 467,907 ​ ​ ​ ​ ​ 1,430,129 ​ ​
​ 2020 ​ ​ ​ ​ 1,181,879 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (442,488) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​ ​ ​ ​ 922,849 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
​
Year
​ ​
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO
($)
​ ​
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO
($)
​ ​
Total – Inclusion of
Equity Values for
CEO
($)
​
​ 2023 ​ ​ ​ ​ 2,714,159 ​ ​ ​ ​ ​ (535,072) ​ ​ ​ ​ ​ (648,746) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​
​ 2022 ​ ​ ​ ​ 2,316,288 ​ ​ ​ ​ ​ 737,481 ​ ​ ​ ​ ​ 163,375 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​
​ 2021 ​ ​ ​ ​ 1,846,760 ​ ​ ​ ​ ​ 360,544 ​ ​ ​ ​ ​ 134,084 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​
​ 2020 ​ ​ ​ ​ 1,947,850 ​ ​ ​ ​ ​ (627,344) ​ ​ ​ ​ ​ (278,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​
​
Year
​ ​
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs
($)
​ ​
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs
($)
​ ​
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs
($)
​
​ 2023 ​ ​ ​ ​ 527,687 ​ ​ ​ ​ ​ (80,231) ​ ​ ​ ​ ​ (76,589) ​ ​ ​ ​ ​ (38,129) ​ ​ ​ ​ ​ 332,738 ​ ​
​ 2022 ​ ​ ​ ​ 405,340 ​ ​ ​ ​ ​ 103,608 ​ ​ ​ ​ ​ 16,590 ​ ​ ​ ​ ​ (418,437) ​ ​ ​ ​ ​ 107,101 ​ ​
​ 2021 ​ ​ ​ ​ 389,490 ​ ​ ​ ​ ​ 66,030 ​ ​ ​ ​ ​ 41,829 ​ ​ ​ ​ ​ (29,442) ​ ​ ​ ​ ​ 467,907 ​ ​
​ 2020 ​ ​ ​ ​ 430,942 ​ ​ ​ ​ ​ (177,191) ​ ​ ​ ​ ​ (70,293) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 1,522,774 1,272,234 1,354,207 1,181,879
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,402,194 1,029,347 1,430,129 922,849
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
​
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019.
​
​
Year
​ ​
Summary
Compensation
Table Total
for CEO
($)
​ ​
Exclusion of
Change in
Pension Value
for CEO
($)
​ ​
Exclusion of
Stock Awards
for CEO
($)
​ ​
Inclusion of
Pension Service
Cost for CEO
($)
​ ​
Inclusion of
Equity Values
for CEO
($)
​ ​
Compensation
Actually Paid
to CEO
($)
​
​ 2023 ​ ​ ​ ​ 5,366,855 ​ ​ ​ ​ ​ (1,142,308) ​ ​ ​ ​ ​ (2,299,977) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​ ​ ​ ​ 3,454,911 ​ ​
​ 2022 ​ ​ ​ ​ 4,551,135 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,986) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​ ​ ​ ​ 5,768,293 ​ ​
​ 2021 ​ ​ ​ ​ 4,427,813 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,999,976) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​ ​ ​ ​ 4,769,225 ​ ​
​ 2020 ​ ​ ​ ​ 5,651,505 ​ ​ ​ ​ ​ (1,874,412) ​ ​ ​ ​ ​ (1,999,984) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​ ​ ​ ​ 2,819,314 ​ ​
​
Year
​ ​
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Change in
Pension Value
for Non-CEO
NEOs
($)
​ ​
Average
Exclusion of
Stock Awards
for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Pension Service
Cost for Non-CEO
NEOs
($)
​ ​
Average
Inclusion of
Equity Values
for Non-CEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)
​
​ 2023 ​ ​ ​ ​ 1,522,774 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (453,318) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 332,738 ​ ​ ​ ​ ​ 1,402,194 ​ ​
​ 2022 ​ ​ ​ ​ 1,272,234 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (349,988) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 107,101 ​ ​ ​ ​ ​ 1,029,347 ​ ​
​ 2021 ​ ​ ​ ​ 1,354,207 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (391,985) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 467,907 ​ ​ ​ ​ ​ 1,430,129 ​ ​
​ 2020 ​ ​ ​ ​ 1,181,879 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (442,488) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​ ​ ​ ​ 922,849 ​ ​
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
​
Year
​ ​
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO
($)
​ ​
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO
($)
​ ​
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO
($)
​ ​
Total – Inclusion of
Equity Values for
CEO
($)
​
​ 2023 ​ ​ ​ ​ 2,714,159 ​ ​ ​ ​ ​ (535,072) ​ ​ ​ ​ ​ (648,746) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,530,341 ​ ​
​ 2022 ​ ​ ​ ​ 2,316,288 ​ ​ ​ ​ ​ 737,481 ​ ​ ​ ​ ​ 163,375 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,217,144 ​ ​
​ 2021 ​ ​ ​ ​ 1,846,760 ​ ​ ​ ​ ​ 360,544 ​ ​ ​ ​ ​ 134,084 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,341,388 ​ ​
​ 2020 ​ ​ ​ ​ 1,947,850 ​ ​ ​ ​ ​ (627,344) ​ ​ ​ ​ ​ (278,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,042,205 ​ ​
​
Year
​ ​
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs
($)
​ ​
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs
($)
​ ​
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs
($)
​ ​
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs
($)
​
​ 2023 ​ ​ ​ ​ 527,687 ​ ​ ​ ​ ​ (80,231) ​ ​ ​ ​ ​ (76,589) ​ ​ ​ ​ ​ (38,129) ​ ​ ​ ​ ​ 332,738 ​ ​
​ 2022 ​ ​ ​ ​ 405,340 ​ ​ ​ ​ ​ 103,608 ​ ​ ​ ​ ​ 16,590 ​ ​ ​ ​ ​ (418,437) ​ ​ ​ ​ ​ 107,101 ​ ​
​ 2021 ​ ​ ​ ​ 389,490 ​ ​ ​ ​ ​ 66,030 ​ ​ ​ ​ ​ 41,829 ​ ​ ​ ​ ​ (29,442) ​ ​ ​ ​ ​ 467,907 ​ ​
​ 2020 ​ ​ ​ ​ 430,942 ​ ​ ​ ​ ​ (177,191) ​ ​ ​ ​ ​ (70,293) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 183,458 ​ ​
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-pn.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_corereturn-pn.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]      
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our CEO and other NEOs for 2023 to Company performance. The measures in this table are not ranked.
Core Return on Average Tangible Stockholders’ Equity
Core Return on Average Tangible Assets
Core Net Income
Asset Quality Metric
Total Shareholder Return
     
Total Shareholder Return Amount $ 95.04 102.79 103.73 86.21
Peer Group Total Shareholder Return Amount 115.64 116.1 124.74 91.29
Net Income (Loss) $ 235,000,000 $ 266,000,000 $ 266,000,000 $ 186,000,000
Company Selected Measure Amount 18.4 20.2 16.3 11.1
PEO Name Robert S. Harrison      
Measure:: 1        
Pay vs Performance Disclosure        
Name Core Return on Average Tangible Stockholders’ Equity      
Non-GAAP Measure Description
We determined Core Return on Average Tangible Stockholders’ Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our CEO and Non-CEO NEOs in 2023, as required pursuant to Item 402(v) of Regulation S-K. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. Core Return on Average Tangible Stockholders’ Equity is a non-GAAP financial measure. We compute our Core Return on Average Tangible Stockholders’ Equity as the ratio of core net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total common equity. Please see Annex A for further explanation and a reconciliation.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Core Return on Average Tangible Assets      
Measure:: 3        
Pay vs Performance Disclosure        
Name Core Net Income      
Measure:: 4        
Pay vs Performance Disclosure        
Name Asset Quality Metric      
Measure:: 5        
Pay vs Performance Disclosure        
Name Total Shareholder Return      
Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,142,308) (1,874,412)
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,299,977) (1,999,986) (1,999,976) (1,999,984)
PEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,530,341 3,217,144 2,341,388 1,042,205
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,714,159 2,316,288 1,846,760 1,947,850
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (535,072) 737,481 360,544 (627,344)
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (648,746) 163,375 134,084 (278,301)
PEO | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (453,318) (349,988) (391,985) (442,488)
Non-PEO NEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 332,738 107,101 467,907 183,458
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 527,687 405,340 389,490 430,942
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (80,231) 103,608 66,030 (177,191)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (76,589) 16,590 41,829 $ (70,293)
Non-PEO NEO | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (38,129) $ (418,437) $ (29,442)