Avidbank Holdings, Inc.

Good morning, my name is Eric and I will be your conference operator today. At this time, I would like to welcome everyone to the Avid Bank Holdings Incorporated third quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I'd like to introduce the presenters, Chairman and CEO Mark Mordell, Chief Financial Officer Pat Oaks, and Chief Operating Officer Gina Thomas-Peterson. You may begin your conference.

Good morning. Thank you for joining us today for Avid Bank Holdings' third quarter 2025 earnings call. Before we begin, let me remind you that today's call is being recorded and is available in the investor relations section of our website at avidbank.com, along with our earnings release and presentation material. Today's call contains forward-looking statements, which are subject to certain risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed. These statements are intended to be covered by the safe harbor provisions of the federal securities laws. For a list of factors that may cause actual results to differ materially from expectations, please refer to our earnings release under the heading forward-looking statements, as well as the disclosures contained within our SEC filing. We will also reference non-GAAP financial measures alongside our discussion of GAAP results. We encourage you to review the GAAP to non-GAAP reconciliations provided in our earnings release. With that, I'd like to turn the call over to our Chairman and CEO, Mark Mordell.

Thank you, Gina, and thank you all for attending our first public earnings call. Hopefully we'll get this right today. You know, our third quarter was certainly significant for us. It marked a milestone as we completed our initial public offering, as most people are aware, and netting approximately $61 million. And the objectives of the IPO were multifaceted. It allowed us to research our securities portfolio that significantly enhances our profitability. It spread out our tightly share ownership, along with 100% participation from our board, executive management, and our existing investors. We brought in approximately 40 new investors into being shareholders for Avid Bank. It gives us better currency to trade, and it's really put us on a platform to take this bank to the next level. We're really excited about the enhanced footings that we have at this point. As I mentioned, this IPO closed on August 8th, essentially mid-quarter. Therefore, there's a lot of moving parts and a lot of quote-unquote noise on our income statement and our balance sheet for the quarter. Pat's going to give more detail on that when he takes it over. Overall, from a core operations perspective, we had a solid Q3. We had loan growth $46 million or 10% on an annualized basis. Deposits grew by 72 million or 15% on an annual basis. Both solid metrics for us going forward. Credit continues to hold up with 12 basis points. MPA is at 12 basis points, slightly up from Q2 due to one credit. Credit quality has always been a top concern for us, and we're going forward. We're just going to continue to focus on that. We've enjoyed a nice run of solid credit. And we're going to continue to actively manage those credits going forward. I'd like to now just turn it over to Pat and then highlight the financial highlights for the quarter and open it up to questions after that.