Thank you for joining our call today to discuss Landmark's earnings and results of operations for the Second Quarter and Year-To-Date 2022. Joining the call with me today to discuss various aspects of our second quarter performance is Mark Herpich, Chief Financial Officer of the company; and the company's Chief Credit Officer, Raymond McLanahan. Before we get started, I would like to remind our listeners that some of the information we will be providing today falls under the guidelines for forward-looking statements, as defined by the Securities and Exchange Commission. As part of these guidelines, I must point out that any statements made during this presentation that discuss our hopes, beliefs, expectations or predictions of the future are forward-looking statements and our actual results could differ materially from those expressed. Additional information on these factors is included from time to time in our 10-K and 10-Q filings, which can be obtained by contacting the company or the SEC. Before I get into the specifics regarding our financial performance, I want to briefly comment on our recent announcement related to the pending acquisition of Freedom Bancshares, Inc. We are very excited about this agreement with Freedom. Freedom Bank has been a strong commercial bank in Overland Park, Kansas since its formation and this transaction allows us an excellent opportunity to expand our presence in the Kansas City metro market. Freedom has total loans of approximately $132 million and total deposits of approximately $169 million. The transaction is expected to be completed in the fourth quarter of this year. As I said, we're very excited to have Freedom Bank's employees join our community banking team and we look forward to continuing Freedom's commitments to its customers and the community it serves. Landmark reported net earnings of $3 million during the second quarter…

Thanks, Michael, and good morning to, everyone. As Michael has already alluded to our financial performance in 2022, I'd now like to discuss various aspects comprising our second quarter 2022 results. Net income of $3.0 million in the second quarter of 2022 was lower by $100,000 in comparison to the first quarter of 2022, mainly the result of a credit loss provision to our allowance for loan losses of $500,000 in the first quarter of 2022, while no loan loss provision was made in the current quarter. Also, we incurred merger-related costs of $221,000 associated with our recently announced acquisition of Freedom Bancshares. Excluding these two items, the second quarter income statement showed growth in net interest income, non-interest income and the reduction in non-interest expense. Loan growth this quarter was also very strong. In the second quarter of 2022, net interest income totaled $8.9 million, an increase of $253000 compared to the first quarter of 2022, due primarily to growth in interest on investment securities, but offset by slightly lower loan interest income and higher interest costs. Landmark's net interest margin on a tax equivalent basis increased to 3.05% in the second quarter of 2022, as compared to 2.99% in the first quarter of 2022. The slight decline in interest on loans resulted mainly from lower interest and fees on Paycheck Protection Program, or PPP, loans in the second quarter of 2022, which declined by $302,000 compared to the first quarter this year. PPP loan balances declined by $4.6 million this quarter and totaled $652000 at June 30. This decline was mostly offset by higher interest on residential real estate, commercial and commercial real estate loans due to growth in average balances. The average tax equivalent yield on the loan portfolio declined this quarter to 4.4% compared to 4.59%…

Thank you, Mark, and good morning to everyone. As has been stated earlier, loan growth this quarter was excellent. Gross loans outstanding as of June 30, 2022 totaled $669.9 million, or an increase of $36.4 million from the previous quarter. This quarter's PPP loans outstanding declined $4.6 million to end the quarter at $652,000. Excluding these loans, our core loan portfolio actually grew by almost $41 million, or at an annualized rate of 26.1%. We experienced solid growth in our one-to-four family residential real estate, commercial real estate and commercial loan portfolios. One-to-four family was up $23 million, commercial loans -- excuse me commercial real estate was up $13.1 million and our commercial portfolio was up $10.7 million this quarter. We remain focused on growing our commercial and commercial real estate portfolios. As has also noted before, higher rates have resulted in greater origination of adjustable rate mortgages, which we book on our balance sheet. We continue to see strong competition for quality loan opportunities in all of our markets. However, we believe we have the right mix of talent and tools available to navigate these challenges and to continue to grow our loan book. Turning to credit quality. Credit quality within the portfolio remains strong. Non-performing loans which primarily consist of non-accrual loans and accruing loans greater than 90 days past due totaled $4.9 million or 0.73% of gross loans as of June 30, 2022. Total foreclosed real estate was unchanged at $1.3 million from the prior quarter and we continue to actively pursue the sale of these properties. Another indicator that we monitor as part of our credit risk management efforts is the level of loans past due between 30 and 89 days. The level of past due loans between 30 and 89 days still accruing interest remains…

Thank you, Raymond, and I want to thank Mark for his comments also earlier. Before we go to questions, I want to summarize by saying our second quarter of 2022 reflected a continued trend of positive operating results for Landmark. I want to express my thanks and appreciation to all of the associates at Landmark National Bank. Their daily focus on executing our strategies, delivering extraordinary service to our clients and communities and carrying out our company vision that everyone starts as a customer and leaves as a friend is the key to our success. With that, I'll open the call up to questions that anyone might have.

Okay. Thank you. And I do want to thank everyone for participating in today's earnings call. I truly appreciate your continued support and confidence in the company and I look forward to sharing news related to our third quarter 2022 results at our next earnings conference call.