NBT Bancorp Inc.

Good day, everyone.

Welcome to the MBT Bancorp Second Quarter 2020 Financial Results Conference Call. This call is being recorded and has been made accessible to the public in accordance with the SEC's Regulation FD. Corresponding presentation slides can be found on the company's website at mbtbancorp.com. Before the call begins, MBT's management would like to remind listeners that, as noted on slide two, today's presentation may contain four looking statements as defined by the Securities and Exchange Commission. Actual results may differ from those projected. In addition, certain non-GAAP measures will be discussed. Reconciliations for these numbers are contained within the appendix of today's presentation. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. Instructions will follow at that time. Anyone requiring operator assistance can press the star key and then zero on your touchtone telephone. As a reminder, this call is being recorded. Now I turn the conference over to MDT Bancorp President and CEO John H. Watt, Jr. for his opening remarks. Mr. Watt, please begin. Mr. Watt, please begin. Please stand by.

John Moran and our Chief Risk and Credit Officer Amy Wiles will join me in reviewing the highlights for the quarter with you, and then we will take your questions. The second quarter was an extraordinary quarter for NBT, our employees, our customers, and our communities. We managed for the long term, as you all know. We are open for business, and we are lending. Our strong balance sheet allows us to do so. Through the rising storm of the pandemic at the beginning of the quarter and through the reopening in most of the markets we serve, NBT performed very well. The COVID impact in markets we serve, which are relatively less dense, allowed for reopening to begin in early May. During the quarter, we leaned into the SBA's Paycheck Protection Program, funding 3,000 loans to customers across many segments that helped preserve over 60,000 jobs. As a function of our participation in the PPP, We crossed the $10 billion threshold early in the quarter. John Moran will talk about that later in this call. We thoughtfully and cautiously reopened our branch lobbies in mid-June. We are optimistic but realistic about inviting our team members back to our facilities and are comfortable with the resiliency of our IT infrastructure to support our current Finally, on April 1, in our Retirement Plan Services Administration line of business, we closed the acquisition of Peoria-based ABG to further strengthen that platform. Let me review certain financial highlights for the quarter. Net income was $24.7 million, or $0.56 a share, after a CECL provision and charge-offs. Observed asset quality remains strong, and we will hear more about that from Amy this morning. We opportunistically topped off our total capital when we raised $100 million in sub-debt in June, which has been substantially downstream to the bank. Under almost any scenario, this gives us maximum flexibility and optionality to pursue our strategies and to take advantage of new opportunities. Our current capital ratios are disclosed in the earnings report. Finally, yesterday, our board approved a 27-cent dividend payable on September 15th. The board also reaffirmed our dividend strategy for the rest of the year, which, of course, will be governed by the impact of the virus on our economy in the back half of the year and beyond. So with that said, at this time, I'll turn it over to our Chief Financial Officer, John Moran, who will provide some greater detail on the second quarter financial performance. John, I'll turn it to you.