Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Crapps | $521,400 | $0 | $182,490 | $0 | $210,802 | $44,240 | $16,599 | $975,531 |
| President and Chief Executive Officer | ||||||||
| Ted Nissen | 450,000 | 0 | 148,750 | 0 | 181,935 | 54,597 | 16,599 | 851,881 |
| Executive Vice President and Chief Banking Officer | ||||||||
| Shawn Jordan | 287,040 | 0 | 96,600 | 0 | 116,050 | 35,417 | 12,841 | 547,948 |
| Executive Vice President and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael Crapps | $975,531 | $980,055 | — | −4,524 |
| Ted Nissen | 851,881 | 781,494 | — | +70,387 |
| Shawn Jordan | 547,948 | 528,849 | — | +19,099 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Shawn Jordan | PSU | 9,131 | — | $270,734 |
| Michael Crapps | PSU | 17,325 | — | 513,686 |
| Ted Nissen | PSU | 11,553 | — | 342,546 |
| Michael Crapps | RSU | 10,736 | — | 318,322 |
| Ted Nissen | RSU | 7,301 | — | 216,475 |
| Shawn Jordan | RSU | 5,663 | — | 167,908 |
The compensation committee's strategy is to link executive compensation with financial performance while being sensitive to external market factors, maintaining competitive levels to attract and retain talent, and using equity-based compensation to align the long-term interests of employees with those of shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Blanchard Consulting Group |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-20 | 4,834,058 | 71,049 | 13,387 | 98.55% | Passed |
| 2025 | 2025-05-21 | 4,019,104 | 61,274 | 24,410 | 98.5% | Passed |
| 2024 | 2024-05-22 | 4,497,016 | 150,124 | 15,369 | 96.77% | Passed |
| 2023 | 2023-05-17 | 3,854,794 | 366,482 | 18,539 | 91.32% | Passed |
| 2022 | 2022-05-18 | 3,977,190 | 59,163 | 21,594 | 98.53% | Passed |
| 2021 | 2021-05-19 | 4,124,397 | 73,534 | 38,834 | 98.25% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-20 | 98.55%a |
| 2025 | 2025-05-21 | 98.5%b |
| 2024 | 2024-05-22 | 96.77%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | $10,000 |
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies First Community names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including First Community.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | MVB Financial Corp | 2025 | Larry Mazza | $850,000 | $600,368 | $0 | $1,381,208 | $5,056,856 |
| 2 | Blue Ridge Bankshares, Inc. | 2025 | G. William Beale | 721,912 | 3,398,400 | 0 | 286,137 | 4,425,449 |
| 3 | FVCBankcorp, Inc. | 2025 | David Pijor | 877,500 | 208,800 | 0 | 0 | 1,752,246 |
| 4 | USCB Financial Holdings Inc. | 2025 | Luis de la Aguilera | 700,000 | 481,763 | 0 | 0 | 1,644,771 |
| 5 | John Marshall Bancorp, Inc. | 2025 | Christopher Bergstrom | 800,000 | 200,017 | 0 | 0 | 1,593,287 |
| 6 | C&F Financial Corporation | 2025 | Thomas Cherry | 600,000 | 296,804 | 0 | 305,000 | 1,471,984 |
| 7 | River Financial Corporation | 2025 | James M. (Jimmy) Stubbs | — | 625,000 | 0 | 344,250 | 1,463,288 |
| 8 | MainStreet Bancshares, Inc. | 2025 | Jeff Dick | 710,000 | 532,500 | 0 | 0 | 1,267,127 |
| 9 | Southern First Bancshares, Inc. | 2025 | R. Arthur Seaver, Jr. | 515,000 | 204,608 | 0 | 0 | 1,146,832 |
| 10 | Eagle Financial Services, Inc. | 2025 | Brandon Lorey | 575,000 | 222,768 | 0 | 267,927 | 1,118,007 |
| 11 | Virginia National Bankshares Corporation | 2025 | Glenn Rust | 500,000 | 325,000 | 0 | 0 | 1,029,693 |
| 12 | Colony Bankcorp, Inc. | 2025 | T. Heath Fountain | 535,000 | 129,573 | 0 | 0 | 1,008,595 |
| 13 | First Community | 2025 | Michael Crapps | 521,400 | 182,490 | 0 | 210,802 | 975,531 |
| 14 | Southern States Bancshares, Inc. | 2023 | Mark Chambers | 470,000 | 51,875 | 51,875 | 286,465 | 944,425 |
| 15 | First National Corporation | 2025 | Scott Harvard | 509,520 | 137,756 | 0 | 257,610 | 923,316 |
| 16 | F & M Bank Corp. | 2025 | Aubrey Wilkerson | 388,212 | 109,488 | 0 | 192,439 | 754,389 |
| 17 | Peoples Bancorp of North Carolina, Inc. | 2025 | William D. Cable Sr. | 375,950 | 0 | 0 | 0 | 673,255 |
| 18 | Chain Bridge Bancorp, Inc. | 2025 | John Brough II | 397,662 | — | — | 180,143 | 595,305 |
| 19 | Old Point Financial Corporation | 2023 | Robert Shuford Jr. | 425,500 | 51,600 | 0 | 54,352 | 587,065 |
| 20 | National Bankshares, Inc. | 2025 | Lara Ramsey | 273,492 | 22,399 | 0 | 36,540 | 562,269 |
| 21 | BayFirst Financial Corp | 2025 | Thomas Zernick | 358,827 | 47,790 | 0 | 0 | 428,085 |
| — | Security Federal Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| First Community | not disclosed | not disclosed | not disclosed | Blanchard Consulting Group |
| BayFirst Financial Corp | not disclosed | not disclosed | not disclosed | Pearl Meyer & Partners, LLC |
| Blue Ridge Bankshares, Inc. | 74% | RSU 100 | No | Pearl Meyer & Partners, LLC |
| C&F Financial Corporation | 113% | RSU 100 | No | Meridian Compensation Partners |
| Chain Bridge Bancorp, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Colony Bankcorp, Inc. | not disclosed | RSU 100 | not disclosed | not disclosed |
| Eagle Financial Services, Inc. | not disclosed | RSU 50 · PSU 50 | No | David Jones and Blanchard Consulting Group |
| F & M Bank Corp. | not disclosed | RSU 100 | not disclosed | Blanchard Consulting Group |
| First National Corporation | not disclosed | RSU 100 | not disclosed | Pearl Meyer |
| FVCBankcorp, Inc. | not disclosed | RSU 100 | not disclosed | Blanchard Consulting Group |
| John Marshall Bancorp, Inc. | not disclosed | RSU 100 | not disclosed | Pearl Meyer |
| MainStreet Bancshares, Inc. | not disclosed | RSU 100 | not disclosed | Independent compensation consultant (name not disclosed) |
| MVB Financial Corp | 216.66% | PSU 50 · RSU 50 | No | Pay Governance LLC |
| National Bankshares, Inc. | not disclosed | RSU 50 · Cash LTI 50 | No | Meridian Compensation Partners, LLC |
| Old Point Financial Corporation | not disclosed | RSU 100 | not disclosed | Pearl Meyer & Partners |
| Peoples Bancorp of North Carolina, Inc. | not disclosed | RSU 100 | not disclosed | Pearl Meyer |
| River Financial Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Security Federal Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Southern First Bancshares, Inc. | not disclosed | RSU 100 | not disclosed | McLagan (Aon Company) |
| Southern States Bancshares, Inc. | not disclosed | RSU 50 · Options 50 | not disclosed | Compensation Advisors (member of Newcleus) |
| USCB Financial Holdings Inc. | not disclosed | RSU 100 | not disclosed | not disclosed |
| Virginia National Bankshares Corporation | not disclosed | RSU 100 | not disclosed | not disclosed |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Michael Crapps | DEF 14A | 2026-04-07 | 0001552781-26-000218 | Section “Executive Compensation”. As printed: 975,531. Filing ↗ |
| 2 | Section 01, Ted Nissen | DEF 14A | 2026-04-07 | 0001552781-26-000218 | Section “Executive Compensation”. As printed: 851,881. Filing ↗ |
| 3 | Section 01, Shawn Jordan | DEF 14A | 2026-04-07 | 0001552781-26-000218 | Section “Executive Compensation”. As printed: 547,948. Filing ↗ |
| 4 | Section 06, 2026 vote | Form 8-K | 2026-05-21 | 0001552781-26-000343 | Item 5.07 · say-on-pay result. As reported: 98.55% (votes for as printed: 4,834,058). Filing ↗ |
| 5 | Section 06, 2025 vote | Form 8-K | 2025-05-22 | 0001552781-25-000197 | Item 5.07 · say-on-pay result. As reported: 98.5% (votes for as printed: 4,019,104). Filing ↗ |
| 6 | Section 06, 2024 vote | Form 8-K | 2024-05-23 | 0001552781-24-000360 | Item 5.07 · say-on-pay result. As reported: 96.77% (votes for as printed: 4,497,016). Filing ↗ |
| 7 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 8 | MVB Financial Corp, Section 10b CEO total | DEF 14A | 2026-04-07 | 0001277902-26-000048 | CEO total compensation as printed in MVB Financial Corp's own proxy. As printed: 5,056,856. Filing ↗machine: r2 · c27 · span 558090–558100 |
| 9 | Blue Ridge Bankshares, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001193125-26-196703 | CEO total compensation as printed in Blue Ridge Bankshares, Inc.'s own proxy. As printed: 4,425,449. Filing ↗machine: r2 · c7 · span 411884–411895 |
| 10 | FVCBankcorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001675644-26-000039 | CEO total compensation as printed in FVCBankcorp, Inc.'s own proxy. As printed: 1,752,246. Filing ↗machine: span 205994–206003 |
| 11 | USCB Financial Holdings Inc., Section 10b CEO total | DEF 14A | 2026-04-21 | 0000927089-26-000070 | CEO total compensation as printed in USCB Financial Holdings Inc.'s own proxy. As printed: 1,644,771. Filing ↗machine: t62 · r1 · c25 · span 271106–271115 |
| 12 | John Marshall Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001104659-26-050977 | CEO total compensation as printed in John Marshall Bancorp, Inc.'s own proxy. As printed: 1,593,287. Filing ↗machine: t26 · r5 · c23 · span 405120–405129 |
| 13 | C&F Financial Corporation, Section 10b CEO total | DEF 14A | 2026-03-11 | 0000913341-26-000015 | CEO total compensation as printed in C&F Financial Corporation's own proxy. As printed: 1,471,984. Filing ↗machine: t98 · r9 · c24 · span 962909–962918 |
| 14 | River Financial Corporation, Section 10b CEO total | DEF 14A | 2026-04-06 | 0001193125-26-143184 | CEO total compensation as printed in River Financial Corporation's own proxy. As printed: 1,463,288. Filing ↗ |
| 15 | MainStreet Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-04-17 | 0001437749-26-012635 | CEO total compensation as printed in MainStreet Bancshares, Inc.'s own proxy. As printed: 1,267,127. Filing ↗machine: span 240347–240356 |
| 16 | Southern First Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-04-06 | 0001206774-26-000194 | CEO total compensation as printed in Southern First Bancshares, Inc.'s own proxy. As printed: 1,146,832. Filing ↗machine: t89 · r1 · c9 · span 443118–443127 |
| 17 | Eagle Financial Services, Inc., Section 10b CEO total | DEF 14A | 2026-04-08 | 0000880641-26-000009 | CEO total compensation as printed in Eagle Financial Services, Inc.'s own proxy. As printed: 1,118,007. Filing ↗machine: t14 · r8 · c25 · span 489971–489980 |
| 18 | Virginia National Bankshares Corporation, Section 10b CEO total | DEF 14A | 2026-04-30 | 0001193125-26-194099 | CEO total compensation as printed in Virginia National Bankshares Corporation's own proxy. As printed: 1,029,693. Filing ↗machine: span 311871–311880 |
| 19 | Colony Bankcorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-16 | 0001104659-26-044388 | CEO total compensation as printed in Colony Bankcorp, Inc.'s own proxy. As printed: 1,008,595. Filing ↗machine: t35 · r3 · c17 · span 278949–278958 |
| 20 | First Community (subject), Section 10b CEO total | DEF 14A | 2026-04-07 | 0001552781-26-000218 | CEO total compensation as printed in First Community's own proxy. As printed: 975,531. Filing ↗ |
| 21 | Southern States Bancshares, Inc., Section 10b CEO total | DEF 14A | 2024-03-22 | 0001628280-24-012666 | CEO total compensation as printed in Southern States Bancshares, Inc.'s own proxy. As printed: 944,425. Filing ↗machine: r2 · c48 · span 187520–187527 |
| 22 | First National Corporation, Section 10b CEO total | DEF 14A | 2026-04-02 | 0001437749-26-011018 | CEO total compensation as printed in First National Corporation's own proxy. As printed: 923,316. Filing ↗machine: span 180767–180774 |
| 23 | F & M Bank Corp., Section 10b CEO total | DEF 14A | 2026-04-13 | 0001654954-26-003452 | CEO total compensation as printed in F & M Bank Corp.'s own proxy. As printed: 754,389. Filing ↗machine: r3 · c21 · span 164748–164755 |
| 24 | Peoples Bancorp of North Carolina, Inc., Section 10b CEO total | DEF 14A | 2026-03-25 | 0001654954-26-002731 | CEO total compensation as printed in Peoples Bancorp of North Carolina, Inc.'s own proxy. As printed: 673,255. Filing ↗machine: r2 · c25 · span 231762–231769 |
| 25 | Chain Bridge Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-28 | 0001628280-26-027880 | CEO total compensation as printed in Chain Bridge Bancorp, Inc.'s own proxy. As printed: 595,305. Filing ↗ |
| 26 | Old Point Financial Corporation, Section 10b CEO total | DEF 14A | 2024-04-17 | 0001140361-24-020305 | CEO total compensation as printed in Old Point Financial Corporation's own proxy. As printed: 587,065. Filing ↗machine: r1 · c7 · span 373898–373905 |
| 27 | National Bankshares, Inc., Section 10b CEO total | DEF 14A | 2026-03-31 | 0001193125-26-133527 | CEO total compensation as printed in National Bankshares, Inc.'s own proxy. As printed: 562,269. Filing ↗ |
| 28 | BayFirst Financial Corp, Section 10b CEO total | DEF 14A | 2026-08-19 | 0001649739-26-000069 | CEO total compensation as printed in BayFirst Financial Corp's own proxy. As printed: 428,085. Filing ↗machine: span 113957–113964 |
| 29 | Section 10a, MVB Financial Corp reciprocity | DEF 14A | — | 0001277902-26-000048 | MVB Financial Corp's most recent proxy was read; its disclosed peer group does not include First Community. Filing ↗ |
| 30 | Section 10a, Southern First Bancshares, Inc. reciprocity | DEF 14A | — | 0001206774-25-000204 | Southern First Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include First Community. Filing ↗ |
| 31 | Section 10a, C&F Financial Corporation reciprocity | DEF 14A | — | 0000913341-26-000015 | C&F Financial Corporation's most recent proxy was read; its disclosed peer group does not include First Community. Filing ↗ |
| 32 | Section 10a, Old Point Financial Corporation reciprocity | DEF 14A | — | 0001140361-24-020305 | Old Point Financial Corporation's most recent proxy was read; its disclosed peer group does not include First Community. Filing ↗ |