Pay vs Performance Disclosure
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12 Months Ended |
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Dec. 31, 2023
USD ($)
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Dec. 31, 2022
USD ($)
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Dec. 31, 2021
USD ($)
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Dec. 31, 2020
USD ($)
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| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
| | | | | | | | | | | | | | | | | | | Summary | | Average Summary | Average | Value of Initial Fixed | | Bank | | Compensation | Compensation | Compensation Table | Compensation | $100 Investment Based On: | | Pre Provision | | Table Total For | Actually Paid to | Total for Non-PEO | Actually Paid to | Total Shareholder | Peer Group Total | Net Income | Net Revenue | Year | PEO ($) | PEO ($) | NEOs ($) | Non-PEO NEOs ($) | Return ($) | Shareholder Return ($) | (in millions) | (PPNR) ROAA | | (1) | (1) | (2) | (2) | | (3) | | | 2023 | 2,360,462 | 2,503,103 | 544,748 | 575,735 | 139.49 | 104.92 | 39.7 | 2.32 | 2022 | 2,207,257 | 2,323,003 | 797,723 | 827,847 | 126.86 | 112.59 | 38.5 | 2.55 | 2021 | 2,373,879 | 2,733,535 | 613,293 | 772,845 | 120 | 112.83 | 36.1 | 2.50 | 2020 | 1,460,367 | 980,793 | 463,866 | 350,912 | 79.35 | 80.77 | 23.6 | 2.18 |
| 1) | The Company’s Principal Executive Officer “PEO” is James A. Hughes. |
| 2) | The Company’s current Non-PEO NEOs consist of George Boyan, Janice Bolomey, John J. Kauchak, Vincent Geraci, James Donovan, and James Davies. Prior periods include Laureen Cook who resigned as Senior Vice President and Chief Accounting Officer on April 8, 2022, Anthony Cossetti who resigned as Executive Vice President and Chief Financial Officer on September 25, 2020, and Alan Bedner who resigned as Executive Vice President and Chief Financial Officer on January 24, 2020. |
| 3) | For the years in which public shareholder return data was available, the Company’s peer group total shareholder consists of data compiled on the following banks: American Bank, BCB Community Bank, Blue Foundry Bank, ConnectOne Bank, Embassy Bank for the Lehigh Valley, ESSA Bank & Trust, First Bank, First Commerce Bank, Kearny Bank, Lakeland Bank, Magyar Bank, Parke Bank, Peapack-Gladstone Bank, Provident Bank, QNB Bank, The Bank of Princeton, and Univest Bank and Trust Co. |
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| Company Selected Measure Name |
Bank Pre Provision Net Revenue (PPNR) ROAA
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| Named Executive Officers, Footnote |
| 1) | The Company’s Principal Executive Officer “PEO” is James A. Hughes. |
| 2) | The Company’s current Non-PEO NEOs consist of George Boyan, Janice Bolomey, John J. Kauchak, Vincent Geraci, James Donovan, and James Davies. Prior periods include Laureen Cook who resigned as Senior Vice President and Chief Accounting Officer on April 8, 2022, Anthony Cossetti who resigned as Executive Vice President and Chief Financial Officer on September 25, 2020, and Alan Bedner who resigned as Executive Vice President and Chief Financial Officer on January 24, 2020. |
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| Peer Group Issuers, Footnote |
| 3) | For the years in which public shareholder return data was available, the Company’s peer group total shareholder consists of data compiled on the following banks: American Bank, BCB Community Bank, Blue Foundry Bank, ConnectOne Bank, Embassy Bank for the Lehigh Valley, ESSA Bank & Trust, First Bank, First Commerce Bank, Kearny Bank, Lakeland Bank, Magyar Bank, Parke Bank, Peapack-Gladstone Bank, Provident Bank, QNB Bank, The Bank of Princeton, and Univest Bank and Trust Co. |
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| PEO Total Compensation Amount |
$ 2,360,462
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$ 2,207,257
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$ 2,373,879
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$ 1,460,367
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| PEO Actually Paid Compensation Amount |
$ 2,503,103
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2,323,003
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2,733,535
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980,793
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| Adjustment To PEO Compensation, Footnote |
Below is a summary of the adjustments used to determine compensation “actually paid” for the Company’s PEO and Non-PEO NEOs: | | | | | | | | | | | | | 2023 | 2022 | 2021 | 2020 | Deduction for Amounts Reported under the "Stock Awards" Column | $ | (774,000) | (1,378,660) | (923,512) | (274,380) | Deduction for Amounts Reported under "Option Awards" Column | | — | — | (416,967) | (220,812) | Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-End | | 1,109,625 | 1,339,170 | 1,385,248 | 321,840 | Increase for Fair Value of Awards Granted during year that Vest during year | | — | — | — | — | Increase for Change in Fair Value from Prior-Year End to Current Year-End of Awards Granted Prior to year that were Outstanding and Unvested as of Year-End | | 182,683 | 98,841 | 795,659 | (486,498) | Decrease (increase) for Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to year that Vested during year | | (240,298) | 138,592 | 293,855 | (513,913) | Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year | | — | — | — | — | Increase based upon Incremental Fair Value of Awards Modified during year | | — | — | — | — | Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award | | 50,556 | 38,300 | 23,135 | 16,468 |
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| Non-PEO NEO Average Total Compensation Amount |
$ 544,748
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797,723
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613,293
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463,866
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 575,735
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827,847
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772,845
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350,912
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| Adjustment to Non-PEO NEO Compensation Footnote |
Below is a summary of the adjustments used to determine compensation “actually paid” for the Company’s PEO and Non-PEO NEOs: | | | | | | | | | | | | | 2023 | 2022 | 2021 | 2020 | Deduction for Amounts Reported under the "Stock Awards" Column | $ | (774,000) | (1,378,660) | (923,512) | (274,380) | Deduction for Amounts Reported under "Option Awards" Column | | — | — | (416,967) | (220,812) | Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-End | | 1,109,625 | 1,339,170 | 1,385,248 | 321,840 | Increase for Fair Value of Awards Granted during year that Vest during year | | — | — | — | — | Increase for Change in Fair Value from Prior-Year End to Current Year-End of Awards Granted Prior to year that were Outstanding and Unvested as of Year-End | | 182,683 | 98,841 | 795,659 | (486,498) | Decrease (increase) for Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to year that Vested during year | | (240,298) | 138,592 | 293,855 | (513,913) | Deduction of Fair Value of Awards Granted Prior to Year that were Forfeited during year | | — | — | — | — | Increase based upon Incremental Fair Value of Awards Modified during year | | — | — | — | — | Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award | | 50,556 | 38,300 | 23,135 | 16,468 |
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| Compensation Actually Paid vs. Total Shareholder Return |
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| Compensation Actually Paid vs. Net Income |
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| Compensation Actually Paid vs. Company Selected Measure |
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| Total Shareholder Return Vs Peer Group |
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| Tabular List, Table |
| | | | Financial Measure | Description | Pre-Provision Net Revenue (PPNR) ROAA | Pre-provision Net Revenue("PPNR") is a Non-GAAP measure and is defined as the Bank's income before provision for income taxes, less provision for loan losses divided by average total assets. Information obtained from Call Report data. | Pre-Provision Net Revenue (PPNR) ROAE | Pre-provision Net Revenue("PPNR") ROAE is a Non-GAAP measure and is defined as the Bank's income before provision for income taxes, less provision for loan losses divided by average total equity. Information provided from Call Report data. |
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| Total Shareholder Return Amount |
$ 139.49
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126.86
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120
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79.35
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| Peer Group Total Shareholder Return Amount |
104.92
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112.59
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112.83
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80.77
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| Net Income (Loss) |
$ 39,700,000
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$ 38,500,000
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$ 36,100,000
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$ 23,600,000
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| Company Selected Measure Amount |
2.32
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2.55
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2.50
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2.18
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| PEO Name |
James A. Hughes.
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Name |
Pre-Provision Net Revenue (PPNR) ROAA
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
Pre-Provision Net Revenue (PPNR) ROAE
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| Deduction for Amounts Reported under the "Stock Awards" Column |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (774,000)
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$ (1,378,660)
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$ (923,512)
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$ (274,380)
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| Deduction for Amounts Reported under "Option Awards" Column |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(416,967)
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(220,812)
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| Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-End |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,109,625
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1,339,170
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1,385,248
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321,840
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| Increase for Change in Fair Value from Prior-Year End to Current Year-End of Awards Granted Prior to year that were Outstanding and Unvested as of Year-End |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
182,683
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98,841
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795,659
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(486,498)
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| Decrease (increase) for Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to year that Vested during year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(240,298)
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138,592
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293,855
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(513,913)
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| Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ 50,556
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$ 38,300
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$ 23,135
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$ 16,468
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