SHARE-BASED COMPENSATION (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| The Threshold, Target and Stretch metrics under the 2023 LTI Plan are as follows |
The Threshold, Target and Stretch metrics
under the 2023 LTI Plan are as follows:
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ROAE Metrics – 50% Weighted |
| Performance Period Ending |
|
Threshold |
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Target |
|
Stretch |
|
Actual |
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| December 31, 2023 |
|
8.00% |
|
8.45% |
|
8.85% |
|
6.47% |
| December 31, 2024 |
|
8.75% |
|
9.25% |
|
9.75% |
|
4.93% |
| December 31, 2025 |
|
9.00% |
|
9.50% |
|
10.00% |
|
6.35% |
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EPS Metrics – 50% Weighted |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
|
Actual |
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| Three-Year Cumulative Diluted EPS |
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$2.39 |
|
$2.65 |
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$2.89 |
|
$2.01 |
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| The Threshold, Target and Stretch metrics under the 2024 LTI Plan are as follows |
The Threshold, Target and Stretch metrics
under the 2024 LTI Plan are as follows:
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|
ROAE Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
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| December 31, 2024 |
|
5.05% |
|
5.61% |
|
6.17% |
| December 31, 2025 |
|
6.18% |
|
6.86% |
|
7.55% |
| December 31, 2026 |
|
7.30% |
|
8.11% |
|
8.92% |
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EPS Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
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| Three-Year Cumulative Diluted EPS |
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$2.25 |
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$2.50 |
|
$2.75 |
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| The Threshold, Target and Stretch metrics under the 2025 LTI Plan are as follows |
The Threshold, Target and Stretch metrics
under the 2025 LTI Plan are as follows:
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|
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| |
|
ROAE Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
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| December 31, 2025 |
|
5.12% |
|
6.10% |
|
7.32% |
| December 31, 2026 |
|
6.10% |
|
7.24% |
|
8.69% |
| December 31, 2027 |
|
6.52% |
|
7.76% |
|
9.31% |
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|
EPS Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
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|
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| Three-Year Cumulative Diluted EPS |
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$2.10 |
|
$2.50 |
|
$3.00 |
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| The Threshold, Target and Stretch metrics under the 2026 LTI Plan are as follows |
The Threshold, Target and Stretch metrics
under the 2026 LTI Plan are as follows:
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|
|
|
|
|
|
| |
|
ROAE Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
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| December 31, 2026 |
|
6.21% |
|
7.31% |
|
8.77% |
| December 31, 2027 |
|
7.01% |
|
8.25% |
|
9.90% |
| December 31, 2028 |
|
7.65% |
|
9.00% |
|
10.80% |
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|
EPS Metrics – 50% Weight |
| Performance Period Ending |
|
Threshold |
|
Target |
|
Stretch |
| |
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| Three-Year Cumulative Diluted EPS |
|
$2.82 |
|
$3.32 |
|
$3.98 |
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| A summary of the status of unvested restricted stock awards at June 30, 2026 and June 30, 2025 is presented below |
A summary of the status of unvested restricted
stock awards at June 30, 2026 and June 30, 2025 is presented below:
| | | |
Shares | | |
Weighted Average Grant Date Fair Value Per Share ($) | |
| Balance at December 31, 2025 | | |
| 261,000 | | |
| 9.11 | |
| Shares granted | | |
| 54,086 | | |
| 12.48 | |
| Shares reissued | | |
| 64,710 | | |
| 12.48 | |
| Shares forfeited | | |
| (56,357 | ) | |
| 9.96 | |
| Balance at June 30, 2026 | | |
| 323,439 | | |
| 10.20 | |
| | | |
Shares | | |
Weighted Average Grant Date Fair Value Per Share ($) | |
| Balance at December 31, 2024 | | |
| 254,732 | | |
| 9.01 | |
| Shares granted | | |
| 126,615 | | |
| 9.31 | |
| Forfeited shares reissued | | |
| 30,697 | | |
| 9.33 | |
| Shares forfeited | | |
| (28,313 | ) | |
| 9.09 | |
| Shares vested | | |
| (31,460 | ) | |
| 9.12 | |
| Balance at June 30, 2025 | | |
| 352,271 | | |
| 9.13 | |
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