cboincen.htm


                                                                                                                                                                   
       Exhibit 10.1

     

     

    

      
        	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                Award
                  Range

              
	
                Summit
                  Financial Group, Inc.

              	
                Douglas
                  Mitchell

              	 	
                Threshold:

              	
                10.00%

              	
                16,000

              
	
                2007
                  Annual Incentive Compensation Plan

              	
                Position:
                  Chief Banking Officer

              	 	
                Target:

              	
                20.00%

              	
                32,000

              
	
                 

              	 	 	 	 	 	 	
                Maximum

              	
                30.00%

              	
                48,000

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              


      

    

    
      
        	
                 

              	
                 

              	
                 

              	
                Measurement

              	
                Payout
                  Potential

              	
                 

              	
                Actual

              
	
                Objective

              	
                Weight

              	
                Expected
                  Performance

              	
                Date

              	
                Threshold

              	
                Target

              	
                Maximum

              	
                Actual
                  Performance

              	
                Payout

              
	
                 

              	
                 

              	
                 

              	
                 

              	 	 	
                 

              	
                 

              	
                 

              	
                 

              
	
                Individual
                  Performance -- 

              	
                 

              	
                 

              	
                 

              	 	 	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	 	 	
                 

              	
                 

              	
                 

              	
                 

              
	
                Account
                  Growth

              	
                *%

              	
                Ensure
                  that we have a net positive number of transaction accounts, both
                  business
                  and personal, interest bearing and non-interest bearing accounts.
                  Threshold:
                  *%
                  Growth; Target:
                  *%;
                  Maximum:
                  *%
                  or
                  >

              	
                12/07

              	
                $*

              	
                $*

              	
                $*

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                Core
                  Deposit Growth

              	
                *%

              	
                Grow
                  our core deposits by Threshold:
                  *%;
                  Target:
                  *%;
                  Maximum:
                  *% or
                  >

              	
                12/07

              	
                $*

              	
                $*

              	
                $*

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                Internet
                  Banking

              	
                *%

              	
                Continued
                  Growth in "Active" Internet Banking Users. Threshold:
                  *%;Target:
                  *%;
                  Maximum:
                  *%
                  or
                  >

              	
                12/07

              	
                $*

              	
                $*

              	
                $*

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                Non-Interest
                  Bearing Checking Growth (Includes Forever Free w/ Interest) measured
                  in
                  terms of avg. balance

              	
                *%

              	
                Threshold:
                  *%
                  Target:
                  *%;
                  Maximum:
                  *% or >

              	
                12/07

              	
                $*

              	
                $*

              	
                $*

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                Remote
                  Capture

              	
                *%

              	
                Increase
                  Active Remote Capture Customers not currently depositing with us.
                  Threshold:
                  *;
                  Target:
                  *;
                  Maximum:
                  * or
                  >

              	
                12/07

              	
                $*

              	
                $*

              	
                $*

              	
                 

              	
                 

              	
                 

              
	
                Totals

              	
                100.00%

              	
                 

              	
                 

              	 	 	
                 

              	 	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              


      

      


    

    

      
        	
                *
                  Confidential and proprietary information

              	 	 	 	
                Approved:

              	
                 

              	
                 

              	
                 

              	
                 

              
	 	 	 	 	 	 	
                H.
                  Charles Maddy, III, President & CEO