Definitive proxy statements

Pay vs Performance Disclosure

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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]          
Disclosure - Pay vs Performance Disclosure
                Average                          
                summary     Average                    
                compensation     compensation                    
                table total for     actually paid     Value of initial fixed $100              
    Summary           non-PEO     to non-PEO     investment based on:(4)           Diluted  
    compensation     Compensation     named     named     Total     Peer group           Earnings  
    table total for     actually paid     executive     executive     shareholder     total     Net     Per Share  
Year   PEO(1)(2)     to PEO(1)(5)     officers(2)(3)     officers(2)(5)     return     shareholder return     income     Growth(6)  
2024   $ 1,806,970     $ 1,992,701     $ 1,061,246     $ 1,080,421     $ 136.06     $ 132.44     $ 52,915     $ 3.12  
2023   $ 1,884,634     $ 1,550,856     $ 1,129,208     $ 826,239     $ 106.25     $ 112.03     $ 52,258     $ 3.07  
2022   ($ 774,965 )   $ 1,208,196     $ 217,191     $ 815,800     $ 114.42     $ 111.47     $ 33,412     $ 1.97  
2021   $ 1,234,198     $ 992,662     $ 749,315     $ 687,279     $ 90.94     $ 126.43     $ 33,396     $ 1.98  
2020   $ 2,633,812     $ 1,299,716     $ 1,327,471     $ 760,935     $ 82.66     $ 90.82     $ 31,576     $ 1.88  
       
Named Executive Officers, Footnote [Text Block] The PEO from 2020 through 2024 is William G. Smith, Jr.        
Peer Group Issuers, Footnote [Text Block] As permitted by SEC rules, the peer group referenced for purpose of the TSR comparison is the group of companies included in the S&P U.S. SmallCap Banks Index, which is the industry peer group used for purposes of Item 201(e) of Regulation S-K. Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.        
PEO Total Compensation Amount [1],[2] $ 1,806,970 $ 1,884,634 $ 774,965 $ 1,234,198 $ 2,633,812
PEO Actually Paid Compensation Amount [1],[3] 1,992,701 1,550,856 1,208,196 992,662 1,299,716
Non-PEO NEO Average Total Compensation Amount [2],[4] 1,061,246 1,129,208 217,191 749,315 1,327,471
Non-PEO NEO Average Compensation Actually Paid Amount [2],[3] $ 1,080,421 826,239 815,800 687,279 760,935
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] The non-PEO NEOs in 2020, 2021, and 2022 were J. Kimbrough Davis and Thomas A. Barron. The non-PEO NEOs in 2023 and 2024 were Thomas A. Barron and Jeptha E. Larkin.        
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship between CAP and Company TSR

 

The graph below reflects the relationship between PEO and Average Non-PEO NEO CAP amounts and the Company’s TSR (assuming an initial investment of $100 made on December 31, 2019) for the fiscal years ending December 31, 2020, 2021, 2022, 2023, and 2024.

 

 

        
Compensation Actually Paid vs. Net Income [Text Block]

Relationship between CAP and Net Income

 

The graph below reflects the relationship between PEO and Average Non-PEO NEO CAP amounts and the Company’s net income for the fiscal years ending December 31, 2020, 2021, 2022, 2023, and 2024.

 

 

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

Relationship between CAP and Diluted Earnings Per Share

 

The graph below reflects the relationship between PEO and Average Non-PEO NEO CAP amounts and the Company’s diluted earnings per share for the fiscal years ending December 31, 2020, 2021, 2022, 2023, and 2024.

 

 

        
Total Shareholder Return Vs Peer Group [Text Block]

Relationship between Company TSR and Peer Group TSR

 

The graph below reflects the relationship between Company TSR and Peer Group TSR (each assuming an initial investment of $100 made on December 31, 2019) for the fiscal years ending December 31, 2020, 2021, 2022, 2023, and 2024.

 

 

        
Required Tabular Disclosure of Most Important Measures Linking Compensation Actually Paid During 2024 to Company Performance

Required Tabular Disclosure of Most Important Measures Linking Compensation Actually Paid During 2024 to Company Performance

 

We disclose below, in no particular order, the most important measures used by the Company to link compensation actually paid to our NEOs for 2024 to Company performance.

· Net Income
· Diluted Earnings Per Share Growth
· Average Deposits
· Level of Classified Assets
       
Total Shareholder Return Amount [5] $ 136.06 106.25 114.42 90.94 82.66
Peer Group Total Shareholder Return Amount [5] 132.44 112.03 111.47 126.43 90.82
Net Income (Loss) Attributable to Parent $ 52,915 $ 52,258 $ 33,412 $ 33,396 $ 31,576
Company Selected Measure Amount [6] 3.12 3.07 1.97 1.98 1.88
PEO Name William G. Smith, Jr.        
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name Net Income        
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name Diluted Earnings Per Share Growth        
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name Average Deposits        
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name Level of Classified Assets        
PEO [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments $ 185,731 $ (333,778) $ 1,983,161 $ (241,536) $ (1,334,096)
PEO [Member] | Increase Deduction For Change In Actuarial Present Values Reported Under Change In Pension Value And Nonqualified Deferred Compensation Earnings Column Of S C T [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments (117,963) (433,188) 1,917,485 (214,283) (1,574,593)
PEO [Member] | Deduction For Amounts Reported Under Stock Awards Column In S C T [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments (303,459) (317,776) (255,278) (256,482) (241,555)
PEO [Member] | Increase For Fair Value Of Awards Granted During Year That Remain Unvested As Of Year End [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 45,993 (18,978) 25,175 13,443 37,054
PEO [Member] | Increase Deduction 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 [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 32,143 (16,547) 37,765 9,375 (45,051)
PEO [Member] | Increase Deduction For Change In Fair Value From Prior Year End To Vesting Date Of Awards Granted Prior To Year That Vested During Year [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 300,331 301,749 73,056 82,742 377,489
PEO [Member] | Increase For Fair Value Of Awards Granted During Year That Vest During Year [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 228,686 150,962 184,958 123,669 112,560
Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 19,175 (302,969) 598,609 (62,036) (566,536)
Non-PEO NEO [Member] | Increase Deduction For Change In Actuarial Present Values Reported Under Change In Pension Value And Nonqualified Deferred Compensation Earnings Column Of S C T [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments (86,922) (313,744) 612,619 (51,938) (663,135)
Non-PEO NEO [Member] | Deduction For Amounts Reported Under Stock Awards Column In S C T [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments (119,453) (127,762) (135,147) (107,290) (101,224)
Non-PEO NEO [Member] | Increase For Fair Value Of Awards Granted During Year That Remain Unvested As Of Year End [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 18,395 (3,792) 10,070 5,366 14,821
Non-PEO NEO [Member] | Increase Deduction 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 [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 12,859 (6,619) 15,103 3,749 (18,020)
Non-PEO NEO [Member] | Increase Deduction For Change In Fair Value From Prior Year End To Vesting Date Of Awards Granted Prior To Year That Vested During Year [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 60,066 60,340 29,217 33,097 150,981
Non-PEO NEO [Member] | Increase For Fair Value Of Awards Granted During Year That Vest During Year [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments 134,230 88,608 132,113 54,980 50,041
Non-PEO NEO [Member] | Deduction Of Fair Value Of Awards Granted Prior To Year That Were Forfeited During Year [Member]          
Pay vs Performance Disclosure [Table]          
Total Adjustments $ (65,366) [7]
[1] The PEO from 2020 through 2024 is William G. Smith, Jr.
[2] For 2020 through 2023, amounts were adjusted to reflect base salary amounts earned during the respective year.
[3] The following tables set forth the adjustments made during each year represented in the PVP Table to arrive at compensation “actually paid” to our NEOs during each of the years in question:
[4] The non-PEO NEOs in 2020, 2021, and 2022 were J. Kimbrough Davis and Thomas A. Barron. The non-PEO NEOs in 2023 and 2024 were Thomas A. Barron and Jeptha E. Larkin.
[5] Pursuant to SEC rules, the Total Shareholder Return (“TSR”) figures assume an initial investment of $100 on December 31, 2019, and represent the value of such investment as of December 31, 2024, 2023, 2022, 2021, and 2020, respectively.
[6] The Company has identified Diluted Earnings Per Share Growth as the company-selected measure for the pay versus performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the PEO and the Other NEOs in 2024 to the Company’s performance.
[7] This amount does not include ($70,070), which is the fair value of awards granted to and forfeited by Mr. Davis in 2022.