Evans Bancorp, Inc.

Greetings, and welcome to Evans Bank Corp. Third Quarter Fiscal Year 2023 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during a conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Deborah Pulaski, Investor Relations for Evans Bank Corp. Thank you. You may begin.

Thank you, Doug, and good afternoon, everyone. We appreciate you taking the time today to join us, as well as your interest in Evans Bank Corp. On the call I have with me, Dave Naska, our president CEO, and Joan Connerton, our chief financial officer. David and John are going to review the results of the third quarter of 2023 and provide an update on the company's strategic progress and outlook. After that, we will open the call for questions. You should have a copy of the financial results results that were released today after markets closed. If not, you can access them on our website at www.evidencebank.com. As you are aware, we may make some forward-looking statements during the formal discussions as well as during the Q&A. These statements apply to future events that are subject to risks and uncertainty, as well as other factors that could cause actual results to differ from what is stated on today's call. These risks and uncertainties and other factors are provided in the earnings release, as well as with other documents filed by the company with securities and exchange commissions. Please find those documents on our website or at sec.gov. With that, let me turn it over to David to begin.

Dave? Thank you, Debbie. Good afternoon, everyone. We appreciate you joining us today. I will start with a review of the key themes that played out during the quarter, and we'll then hand it off to John to discuss our results in detail. Third quarter results were mixed but positive overall from a growth and operating performance standpoint, positioning the company solidly in a difficult business environment. Industry headwinds related to the cost of deposits drove further compression in the dentist's margin, which was anticipated. Our margin was further impacted by the reversal of interest income on one large long-time credit client that has experienced government reimbursement challenges. Despite this unique circumstance, as we review and analyze credit, we see strength and resilience in our portfolio. Credit trends remain favorable and actual charge-offs continue to be low. Absent the reversal of net income, our margin was in line with projections. We expect market conditions and pricing pressures to generally persist, but are seeing signs of moderation in deposit cost increases as we round out this year. Don will provide more detail on our NIM expectations during his report. Our deposit base and liquidity continue to be solid and stable, backed by a diversified product portfolio. In addition, our associates have performed well in lending and business development given today's market dynamics and are making inroads with new clients and cementing existing relationships, as evidenced by our 8% annualized loan growth in the quarter. We are taking proactive measures to control costs and expenditures by focusing on operating efficiency and providing exceptional experience to our valued clients. Overall, we continue to block and tackle on our core business as we grind out results within our risk and return parameters in an inhospitable banking environment. With that, I will turn it over to John to run through our results in greater detail, and then we will be happy to take any questions.