Bank7 Corp.

Good morning, and welcome to Bank 7 Corp's third quarter earnings call. Before we get started, I'd like to highlight the legal information and disclaimer on page 26 of the investor presentation. For those who do not have access to the presentation, management is going to discuss certain topics that contain forward-looking information, which is based on management's beliefs as well as assumptions made by and information currently available to management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. Such statements are subject to certain risks, uncertainties, and assumptions including, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Also, please note that this conference call contains references to non-GAAP financial measures. You can find reconciliations of these non-GAAP financial measures to GAAP financial measures in an 8K that was filed this morning by the company. Representing the company on today's call, we have Tom Travis, President and CEO of J.T. Phillips, Chief Operating Officer, Jason Estes, Chief Credit Officer, and Kelly Harris, Chief Financial Officer. With that, I'll turn the call over to Tom Travis.

Thank you. Thank you. We also have Paul Tillman with us, who is Kelly's right-hand person. And shout out to Kelly and Paul for their great work, but also getting the information out very timely. So I'm not surprised. We have a great, great group. So good morning. Welcome to everyone. Before we launch into our results, we're certainly aware of the devastation inflicted by the recent storms on our fellow citizens, and our thoughts and prayers certainly go out to them. Very trying times over in the eastern seaboard for sure. As we move into our strong financial results, we're excited. We're cautiously optimistic. even in the face of this upcoming and very divisive national election. It'll be nice if we can tone down the rhetoric for sure. Clearly we're in for some choppy waters over the next few months, and yet we're continually stressing how comforted we are to be in this part of the United States. It's a real geographic financial advantage for sure. With that in mind, those issues are still always on our mind, and this is certainly a time for caution. And that's why we take such comfort in our fundamental strengths, especially the high levels of capital. And it isn't just the higher levels of capital that gives us that comfort. We have a very strong liquidity position, and we further enhanced that last quarter by adding a second liquidity backstop, and that being the new Fed facility, which is now in place, should we ever need it in times of stress. So we now have two meaningful sources of additional liquidity, the FHLV, which we've had for a long time, and the new Fed facility. Our disciplined approach to maintaining that properly matched balance sheet has really been proven through the rate cycles. And those of you that have followed us over a long period of time, and I know that we include in the DEFT spread management that compares our spread through up and down rate cycles in the various treasury markets, it's a great strength of the company. And really, it's the foundation along with our credit quality that produces these results. And as you can see, record earnings and a record EPS, not only for the recent quarter, but our year-to-date results. And so we're very proud of those accomplishments And those were achieved through normal operations. And in the case of our EPS, they weren't driven by share buybacks. So our strong earnings and capital levels were the driving factors that motivated us recently to make a large increase to our cash dividend. But even with that large increase, our dividend payout ratio is still in the 20% range. And when you compare that to banks that do pay dividends, the average is a little bit more than 35%. So Bank 7 has plenty of room for further increases if we want to do that, while at the same time being comforted by our top-tier earnings that rapidly accumulates capital. And as majority shareholders, we're really pleased with the total shareholder returns produced by our company. And as you can see in the published materials, we rapidly compound shareholder value much faster than almost any other institutions. Our results are certainly attributed to our outstanding team members who work with our loyal customers. We're all very aligned, and we're really looking forward to our future. And I can't thank the team members enough. So with that said, we're certainly ready for any questions and ready for Q&A this morning. Thank you.

I will now begin the question and answer session. To ask a question, you may press star, then 1 on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star, then 2. At this time, we will pause momentarily to assemble our roster. And our first question today comes from Woody Lay with KBW. Please go ahead.