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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 Table
YearSummary Compensation Table Total for Principal Executive Officer (“PEO”) (a)Compensation Actually Paid to PEO (b)Average Summary Compensation Table Total for Non-PEO NEOs (c)Average Compensation Actually Paid to Non-PEO NEOs (d)Value of Initial Fixed $100 Investment Based On:Net Income (000s) (g)Company Selected Performance Measure
ROE (h)
Total Shareholder Return (“TSR”) (e)Peer Group TSR (f)
20231,476,768506,038818,953335,24474.73106.8748,17610.57 %
20221,902,0101,230,105773,436560,992101.04110.6771,68114.49 %
20211,842,1072,298,530919,985850,822115.44132.1976,87014.03 %
20201,646,7131,608,566860,270712,81388.2092.5069,82913.51 %
     
Company Selected Measure Name ROE      
Named Executive Officers, Footnote Reflects the total compensation reported for Mr. Handy (our Chief Executive Officer) in the “Total” column of the Summary Compensation Table for each corresponding year. Refer to the heading “Executive Compensation - Summary Compensation Table” earlier in this Proxy Statement.      
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: Nasdaq Bank Index.      
PEO Total Compensation Amount $ 1,476,768 $ 1,902,010 $ 1,842,107 $ 1,646,713
PEO Actually Paid Compensation Amount $ 506,038 1,230,105 2,298,530 1,608,566
Adjustment To PEO Compensation, Footnote Amounts listed under “Compensation Actually Paid to PEO” have been calculated in accordance with instructions provided under Item 402(v) of Regulation S-K. The amounts listed do not reflect the actual amount of compensation earned by or paid to Mr. Handy during the applicable year. The following table reconciles this amount to the Summary Compensation Table Total for each corresponding year:
YearReported Summary Compensation Table Total for PEOReported Value of Equity Awards (1)Other Equity Award Adjustments (2)Reported Change in the Actuarial Present Value of Pension Benefits (3)Pension Benefit Adjustments (4)Compensation Actually Paid to PEO
20231,476,768 (495,328)(475,402)— — 506,038 
20221,902,010 (597,014)(74,891)— — 1,230,105 
20211,842,107 (563,399)1,019,822 — — 2,298,530 
20201,646,713 (529,383)491,236 — — 1,608,566 
(1)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(2)The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The dollar amounts reported in this column represent the sum of the following:
YearYear End Fair Value of Equity Awards Granted During YearYear over Year Change in Fair Value of Outstanding and Unvested Equity AwardsFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearYear over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the YearValue of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total CompensationTotal Equity Award Adjustments
2023338,727 (504,223)— (409,106)— 99,200 (475,402)
2022440,991 (497,450)— (74,695)— 56,263 (74,891)
2021688,165 214,644 — 62,695 — 54,318 1,019,822 
2020693,056 (131,885)— (95,576)— 25,641 491,236 
(3)The amounts included in this column are the amounts reported in the “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year. Mr. Handy is not eligible for the Pension Plan.
(4)As noted in the prior footnote, Mr. Handy is not eligible for the Pension Plan.
     
Non-PEO NEO Average Total Compensation Amount $ 818,953 773,436 919,985 860,270
Non-PEO NEO Average Compensation Actually Paid Amount $ 335,244 560,992 850,822 712,813
Adjustment to Non-PEO NEO Compensation Footnote Amounts listed under “Average Compensation Actually Paid to Non PEO NEOs” have been calculated in accordance with instructions provided under Item 402(v) of Regulation S-K. The amounts listed do not reflect the actual amount of compensation earned by or paid to the executives during the applicable year. The following table reconciles this amount to the Summary Compensation Table Average for each corresponding year.
YearAverage Reported Summary Compensation Table Total for Non-PEO NEOsAverage Reported Value of Equity AwardsEquity Award Adjustments (1)Reported Change in the Actuarial Present Value of Pension Benefits (2)Pension Benefit Adjustments (3)Compensation Actually Paid to Non-PEO NEOs
2023818,953 (181,907)(142,652)(720,012)83,408 335,244 
2022773,436 (222,324)(19,713)— 118,363 560,992 
2021919,985 (229,576)384,485 (278,814)109,486 850,822 
2020860,270 (202,052)189,547 (643,102)103,299 712,813 
(1)The amounts deducted or added in calculating the total average equity award adjustments are as follows:
YearAverage Year End Fair Value of Equity Awards Granted During YearYear over Year Average Change in Fair Value of Outstanding and Unvested Equity AwardsAverage Fair Value as of Vesting Date of Equity Awards Granted and Vested in the YearYear over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearAverage Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the YearAverage Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total CompensationTotal Equity Award Adjustments
2023127,245 (174,283)— (118,631)— 23,017 (142,652)
2022164,222 (174,132)— (32,612)— 22,809 (19,713)
2021258,259 81,581 — 23,207 — 21,438 384,485 
2020264,522 (50,364)— (34,433)— 9,822 189,547 
(2)The amounts included in this column are the average amounts reported in the “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year for Non-PEO NEOs. Mr. Gim and Ms. Noons are the only NEOs eligible for the Pension Plan.
(3)The average total pension benefit adjustments for each applicable year include the average aggregate of two components: (i) the actuarially determined service cost for services rendered by covered NEOs during the applicable year (the “service cost”); and (ii) the average entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
YearAverage Service CostAverage Prior Service CostTotal Average Pension Benefit Adjustments
202383,408 — 83,408 
2022118,363 — 118,363 
2021109,486 — 109,486 
2020103,299 — 103,299 
     
Compensation Actually Paid vs. Net Income
Comparison of Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually paid to our PEO, the average of Compensation Actually paid to our Non-PEO NEOs and our Net Income during the four-year period presented.
1099511655155
     
Compensation Actually Paid vs. Company Selected Measure
Comparison of Compensation Actually Paid and Return on Equity
The following chart sets forth the relationship between Compensation Actually paid to our PEO, the average of Compensation Actually paid to our Non-PEO NEOs and our ROE during the four-year period presented.
1099511655161
     
Total Shareholder Return Vs Peer Group
Comparison of the Cumulative TSR of the Corporation and of the Peer Group
The following chart sets forth the relationship between the Corporation’s TSR over the four-year period presented to that of the peer group presented for this purpose, the Nasdaq Bank Index.
1099511655139
     
Total Shareholder Return Amount $ 74.73 101.04 115.44 88.20
Peer Group Total Shareholder Return Amount 106.87 110.67 132.19 92.50
Net Income (Loss) $ 48,176 $ 71,681 $ 76,870 $ 69,829
Company Selected Measure Amount 0.1057 0.1449 0.1403 0.1351
PEO Name Mr. Handy Mr. Handy Mr. Handy  
Additional 402(v) Disclosure Reflects the average of the amounts reported in the “Total” column of the Summary Compensation Table for the named executive officers excluding Mr. Handy, who served as our CEO during each of the years listed, (collectively, the “non-PEO NEOs”) for each corresponding year. Refer to the heading “Executive Compensation - Summary Compensation Table” earlier in this Proxy Statement. For purposes of this table, the non-PEO NEOs for 2023 are Mses. Noons and Ryan and Messrs. Ohsberg and Wray; for 2022 and 2020 are Messrs. Gim, Ohsberg and Hagerty and Ms. Ryan; and for 2021, Messrs. Gim and Ohsberg and Mses. Noons and Ryan.Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Corporation’s share price at the end and the beginning of the measurement period by the Corporation’s share price at the beginning of the measurement period.The dollar amounts reported represent the amount of net income reflected in the Corporation’s audited financial statements for the applicable year.Reflects the Corporation’s ROE as calculated under GAAP and reflected in the Corporation’s audited financial statements for the applicable year. ROE is a key performance metric in the short-term and long-term incentive programs, which represent a significant portion of compensation for the PEO and NEOs. We believe this metric is strongly aligned with shareholder value.      
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Return On Equity (ROE)      
Measure:: 3        
Pay vs Performance Disclosure        
Name Core ROE      
Measure:: 4        
Pay vs Performance Disclosure        
Name Fully diluted earnings per share (EPS)      
PEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (495,328) $ (597,014) $ (563,399) $ (529,383)
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (475,402) (74,891) 1,019,822 491,236
PEO | Adjustment, Change in Actuarial Present Value of Reported Pension Benefits Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Adjustment, Pension Benefit Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 338,727 440,991 688,165 693,056
PEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards (504,223) (497,450) 214,644 (131,885)
PEO | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 0 0 0 0
PEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards (409,106) (74,695) 62,695 (95,576)
PEO | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 0 0 0 0
PEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 99,200 56,263 54,318 25,641
Non-PEO NEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (181,907) (222,324) (229,576) (202,052)
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (142,652) (19,713) 384,485 189,547
Non-PEO NEO | Adjustment, Change in Actuarial Present Value of Reported Pension Benefits Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (720,012) 0 (278,814) (643,102)
Non-PEO NEO | Adjustment, Pension Benefit Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 83,408 118,363 109,486 103,299
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 127,245 164,222 258,259 264,522
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards (174,283) (174,132) 81,581 (50,364)
Non-PEO NEO | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 0 0 0 0
Non-PEO NEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards (118,631) (32,612) 23,207 (34,433)
Non-PEO NEO | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 0 0 0 0
Non-PEO NEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards $ 23,017 $ 22,809 $ 21,438 $ 9,822