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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our CEO and to our other named executive officers and certain financial performance of the Corporation. Compensation actually paid, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our executive officers during a covered year. For further information concerning the Corporation’s pay-for-performance philosophy and how the Corporation aligns executive compensation with the Corporation’s performance, refer to “Compensation Discussion and Analysis” beginning on page 33 of this Proxy Statement.



Year	Summary Compensation Table Total for CEO ($)(1)		Compensation		Average Summary Compensation Table Total		Average Compensation Actually Paid to Other NEOs ($)(4)		Value of Initial Fixed $100 Investment Based on:				Net Income ($)		Adjusted ROE (%) (6)
Year	Summary Compensation Table Total for CEO ($)(1)		Actually Paid to CEO ($)(2)		Compensation for Other NEOs ($)(3)		Average Compensation Actually Paid to Other NEOs ($)(4)		Corporation TSR ($)		KBW Index TSR ($)(5)		Net Income ($)		Adjusted ROE (%) (6)

2022	$	10,816,639	$	4,271,059	$	5,671,222	$	2,463,790	$	90.98	$	97.52	$	1,336		14.8

2021		10,449,233		18,479,485		4,381,631		6,913,472		119.42		124.06		1,545		13.9

2020		9,189,814		4,352,289		3,947,748		2,088,995		90.71		89.69		1,209		11.2

(1) Mr. O’Grady was CEO for each of the covered years.

(2) Amounts reported in this column are based on total compensation reported for our CEO in the Summary Compensation Table for the indicated covered year and adjusted as shown in the table below. The fair value

equity awards was computed in accordance with the Corporation’s methodology used for financial reporting purposes.


		2022			2021			2020

	Total Compensation as reported in the Summary Compensation Table	$	10,816,639		$	10,449,233		$	9,189,814

Subtract	Change in pension values reported in the Summary Compe n sation Table for covered fiscal year		(289,639	)		(144,932	)		(202,180	)

Subtract	Fair value of equity awards granted during covered fiscal year		(8,500,158	)		(6,825,124	)		(6,825,082	)

Add	Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in the covered year		122,137			111,468			83,696

Add	Fair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end		6,618,964			11,098,552			4,636,093

Add	Fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting		—			—			—

Add	Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		834,143			641,980			514,894

Add/(Subtract)	Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(4,139,521	)		3,217,622			(2,815,983	)

Add/(Subtract )	Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(1,191,506	)		(69,314	)		(228,963	)

Subtract	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year		—			—			—

Equals	Compensation Actually Paid to CEO	$	4,271,059		$	18,479,485		$	4,352,289

(3) For 2022, our other named executive officers were Messrs. Cherecwich, Fradkin, Thomas, and Tyler and Ms. Taylor and for 2021 and 2020, our other named executive officers were Messrs. Cherecwich, Fradkin, Thomas, and Tyler.

(4) Amounts reported in this column are based on the average of the total compensation reported for our other named executive officers in the Summary Compensation Table for

the indicated

covered year and adjusted as shown in the table below. The fair value of equity awards was computed in accordance with the Corporation’s methodology used for financial

reporting

purposes.


		2022			2021			2020

	Total Compensation as reported in the Summary Compensation Table	$	5,671,222		$	4,381,631		$	3,947,748

Subtract	Change in pension values reported in the Summary Compensation T able for covered fiscal year		(67,086	)		(95,634	)		(496,121	)

Subtract	Fair value of equity awards granted during covered fiscal year		(4,160,283	)		(2,312,629	)		(1,987,586	)

Add	Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made i n the covered year		32,487			48,749			50,402

Add	Fair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end		2,311,553			3,760,643			1,350,123

Add	Fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting		—			—			—

Add	Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		200,956			202,256			174,858

Add/(Subtract)	Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(1,037,069	)		950,305			(868,019	)

Add/(Subtract )	Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(284,314	)		(21,849	)		(82,410	)

Subtract	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year		(203,676	)		—			—

Equals	Compensation Actually Paid to Named Executive Officers	$	2,463,790		$	6,913,472		$	2,088,995

(5) The KBW Index is a modified-capitalization-weighted index made up of 24 of the largest banking companies in the United States. The Corporation is included in the KBW Index.

(6) For an explanation and reconciliation of ROE to Adjusted ROE, see page 51 of this Proxy Statement.

Company Selected Measure Name

Adjusted ROE

Named Executive Officers, Footnote [Text Block]

For 2022, our other named executive officers were Messrs. Cherecwich, Fradkin, Thomas, and Tyler and Ms. Taylor and for 2021 and 2020, our other named executive officers were Messrs. Cherecwich, Fradkin, Thomas, and Tyler.

Peer Group Issuers, Footnote [Text Block]

The KBW Index is a modified-capitalization-weighted index made up of 24 of the largest banking companies in the United States. The Corporation is included in the KBW Index.

PEO Total Compensation Amount

$ 10,816,639

$ 10,449,233

$ 9,189,814

PEO Actually Paid Compensation Amount

$ 4,271,059

18,479,485

4,352,289

Adjustment To PEO Compensation, Footnote [Text Block]

equity awards was computed in accordance with the Corporation’s methodology used for financial reporting purposes.


		2022			2021			2020

	Total Compensation as reported in the Summary Compensation Table	$	10,816,639		$	10,449,233		$	9,189,814

Subtract	Change in pension values reported in the Summary Compe n sation Table for covered fiscal year		(289,639	)		(144,932	)		(202,180	)

Subtract	Fair value of equity awards granted during covered fiscal year		(8,500,158	)		(6,825,124	)		(6,825,082	)

Add	Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in the covered year		122,137			111,468			83,696

Add	Fair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end		6,618,964			11,098,552			4,636,093

Add	Fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting		—			—			—

Add	Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		834,143			641,980			514,894

Add/(Subtract)	Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(4,139,521	)		3,217,622			(2,815,983	)

Add/(Subtract )	Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(1,191,506	)		(69,314	)		(228,963	)

Subtract	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year		—			—			—

Equals	Compensation Actually Paid to CEO	$	4,271,059		$	18,479,485		$	4,352,289

Non-PEO NEO Average Total Compensation Amount

$ 5,671,222

4,381,631

3,947,748

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,463,790

6,913,472

2,088,995

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

(4) Amounts reported in this column are based on the average of the total compensation reported for our other named executive officers in the Summary Compensation Table for

the indicated

covered year and adjusted as shown in the table below. The fair value of equity awards was computed in accordance with the Corporation’s methodology used for financial

reporting

purposes.


		2022			2021			2020

	Total Compensation as reported in the Summary Compensation Table	$	5,671,222		$	4,381,631		$	3,947,748

Subtract	Change in pension values reported in the Summary Compensation T able for covered fiscal year		(67,086	)		(95,634	)		(496,121	)

Subtract	Fair value of equity awards granted during covered fiscal year		(4,160,283	)		(2,312,629	)		(1,987,586	)

Add	Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made i n the covered year		32,487			48,749			50,402

Add	Fair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end		2,311,553			3,760,643			1,350,123

Add	Fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting		—			—			—

Add	Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		200,956			202,256			174,858

Add/(Subtract)	Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(1,037,069	)		950,305			(868,019	)

Add/(Subtract )	Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(284,314	)		(21,849	)		(82,410	)

Subtract	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year		(203,676	)		—			—

Equals	Compensation Actually Paid to Named Executive Officers	$	2,463,790		$	6,913,472		$	2,088,995

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship Between Compensation Actually Paid to our CEO and the Average of the Compensation Actually Paid to our Other Named Executive Officers and the Corporation’s Cumulative TSR

. For 2020 to 2022, the compensation actually paid to our CEO decreased by 2% and the average of the compensation actually paid to the other named executive officers increased by 18%, compared to a 9% decrease in our TSR over the same time period.

Compensation Actually Paid vs. Net Income [Text Block]

Relationship Between Compensation Actually Paid to our CEO and the Average of the Compensation Actually Paid to our Other Named Executive Officers and the Corporation’s Net Income

. For 2020 to 2022, the compensation actually paid to our CEO decreased by 2% and the average of the compensation actually paid to the other named executive officers increased by 18%, respectively, compared to a 10% increase in our net income over the same period.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship Between Compensation Actually Paid to our CEO and Average of the Compensation Actually Paid to our Other Named Executive Officers and the Corporation’s Adjusted ROE

. For 2020 to 2022, the compensation paid to our CEO decreased by 2% and the average of the compensation actually paid to the other named executive officers increased by 18%, compared to a 360 basis point increase in our adjusted ROE from 11.2% for 2020 to 14.8% for 2022.

Total Shareholder Return Vs Peer Group [Text Block]

Relationship Between the Corporation’s TSR and the Peer Group TSR

. The TSR for the peer group disclosed in the table above decreased by 2% for the 2020 to 2022 period as compared to the Corporation’s TSR, which decreased by 9% over the same period.

Tabular List [Table Text Block]

Financial Performance Measures

As discussed in “Compensation Discussion and Analysis,” our executive compensation program and compensation decisions reflect the guiding principles of being linked to long-term performance and aligned with stockholder interests. The metrics used within our incentive plans are selected to support these objectives. The following were the most important financial performance measures, as determined by the Corporation, to link executive compensation actually paid to the Corporation’s named executive officers to the Corporation’s performance for the most recently completed fiscal year:

●

Total Shareholder Return (“TSR”)

●

Adjusted ROE

●

Pre-tax

Income

Total Shareholder Return Amount

$ 90.98

119.42

90.71

Peer Group Total Shareholder Return Amount