Bank7 Corp.

Welcome to Bank 7 Core's first quarter 2025 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 current 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. Please note this event is being recorded. Representing the company on today's call, we have Brad Haynes, Chairman, Tom Travis, President and CEO, J.T. Phillips, Chief Operating Officer, Jason Estes, Chief Credit Officer, Kelly Harris, Chief Financial Officer, and Paul Timmons, Director of Accounting. With that, I'll turn the call over to Tom Travis.

Thank you. Good morning and welcome to our call today. We certainly acknowledge how quickly the landscape has changed from our January earnings call when there was so much excitement regarding less regulations and green shoots related to M&A and basically cautious optimism regarding the direction of the nation. Clearly the narrative related to tariffs, potential trade wars, and the possible impact on the economy are front and center. The capital markets certainly are nervous and large outflows from equities are now seemingly the norm. It certainly has affected the bank stocks, and everyone else. On top of that, there are plenty of prognosticators who believe that longer-term tariffs are inflationary on the American consumer. Who knows if the tariffs will stick, and if so, how much impact they might have. One thing is for certain, consumer sentiment is definitely not as strong as it was, and people aren't nervous. On top of that, the government is still operating at unsustainable deficit levels and issuing debt at a record pace. with the very countries that are now being hit by those tariffs being large buyers of that debt. All of this is to say that we're very aware of these factors and understand that we're in a very volatile environment, so our job is to watch closely, but more importantly, to stay very close to our commercial customers and understand in real time how they're being impacted. It's too early to know how Main Street might be impacted, but we know we must monitor everything carefully, and we're doing that. In the meantime, the beat goes on. Our continued strong earnings will rapidly add to our already high levels of capital and will continue to operate without debt while maintaining strong liquidity. We take comfort in our fundamental strengths as evidenced by our exceptional level of earnings, a strong capital base, reliable and steady liquidity, and our strong credit book with good asset quality. The greatest fundamental strength of Bank 7 is our team of bankers and our long-term customer relationships. The bankers are the backbone of this company, and they are driving these results, and that makes us proud and gives us confidence to move forward. We continue to also stress how grateful we are to be in the dynamic part of the U.S., in this dynamic part, and we're cautiously optimistic moving forward. So with that being said, we're ready for any questions.

We will now begin the question and answer session. To ask a question, you may press star then 1 on your telephone keypad. 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.