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Summit State Bank Executive Compensation (FY24)

SSBI · Executive and director compensation, fiscal 2023 to 2024
Data as of September 7, 2026Latest filing (proxy statement, FDIC): April 9, 2025
31 figures on this page, cited to the filing that reported them. See the citations
Brian Reed, President and Chief Executive Officer, received $545,710 in total compensation for fiscal 2024. Meanwhile, the compensation disclosed runs fiscal 2023 through fiscal 2024. The fiscal 2024 disclosure covers 3 named executive officers.
Chief executive, fiscal 2024
Brian Reed

Frequently asked questions

Answers drawn from the data on this page.
Who is Summit State Bank's chief executive and what were they paid?
Brian Reed, President and Chief Executive Officer, received $545,710 in total compensation for fiscal 2024.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Reed
President and Chief Executive Officer
Genie Del Secco
Executive Vice President and Chief Operating Officer
Brandy Seppi
Executive Vice President and Chief Lending Officer
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John W. Wright
Dawn M. Ross
Board chair
Nicholas J. Rado
Todd R. Fry
Jeffery B. Allen
Sharon S. Wright
Belinda Guadarrama
Douglas V. Reynolds
Marshall T. Reynolds
James A. Finley
Frank Chong, Ed.D
Brian J. Reed served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
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What this page does not include

Everything above is a fact Summit State Bank disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
31 figures on this page, cited to the filing that reported them.
31 cited to the filing

Documents cited

  1. Director Compensation table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Summit State Bank executive compensation, FY2023–FY2024.” https://intel.velarion.ai/comp/SSBI (accessed 2026).
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The headline figures, each with its citation.
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Banking rankings

Chief executive payBankingCEO pay ratioBankingSay-on-pay supportBanking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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