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We believe strongly in developing talent from within, and our focus on succession planning continues to benefit us as long-term employees retire, and growth creates new opportunities for advancement. Bob Baughman was promoted to VP, Business Development Officer; Jimmy Drakeford VP, Mercer County Market Manager; Kim Elliott VP, Loan Officer; Angela Frisby VP, Loan Officer; Ronda Nolan VP, Internal Auditor. Steve Zeitz was hired in 2023 as VP, Chief Operating Officer for WealthSouth, bringing extensive experience in wealth management operations. We are pleased to have him join our WealthSouth team as we continue to grow this line of business.On February 10, 2024, we celebrated our 145th birthday. We are now the 8th oldest bank in Kentucky and as I mentioned earlier, the 18th largest out of 122 Kentucky domiciled banks. While we are proud of our long history, we know that continued reinvestment in our future is important. Our commitment to innovative banking products, processes and technology will continue to play an important role in our growth. Our strong retail banking presence and first-class banking staff have made us the first choice for customers looking to move their banking relationships.Looking ahead, our bank is well positioned to expand into new markets and continue growing strategically through WealthSouth. The plan we put in motion almost 8 years ago helped navigate almost $500 million in asset growth. We strongly believe the foundation of this plan will carry us well into the future. Building on our successes we are updating our strategic plan and will be working with the board to set goals through 2030. This continues to be an exciting time for our bank as we contemplate our future with a goal of adding shareholder value over time. Once again, your continued support as a shareholder is appreciated. As I have stated in prior letters, our goal has been, and continues to be, to generate a favorable return annually while increasing long-term shareholder value. I believe we have and will continue to do just that. Should you have any questions, please feel free to email me at marty.gibson@fnbky.com or give me a call at 859-238-0657.My Best,Marty GibsonPresident & Chief Executive Officer On behalf of the board of directors and staff, I’m pleased to present this annual report to our shareholders. We are delighted to report that the bank had a successful year in 2023, and this letter will highlight our achievements over the past year, our continued commitment to serving our communities, and provide a glimpse of what we expect in the future. For the third consecutive year, we achieved financial milestones in total assets and revenue. By the end of 2023, our total assets had reached $958.8 million. Our growth is the result of an effective and properly executed strategic plan. We are now the 18th largest bank domiciled in Kentucky.Our financial performance surpassed our expectations in 2023, with a 12% increase in net income compared to the previous year. Earnings per share have increased to $12.74, and dividends to shareholders have increased to $2.91. With shareholders’ equity approaching $72.5 million, our capital remains strong. Further information relative to our performance is available on the Financial Highlights page in this report.Our WealthSouth division continued to grow assets under management and loans outstanding. WealthSouth has now eclipsed $1 billion in assets under management and has more than $3.7 billion in assets under advisement. WealthSouth lenders have grown their portfolios to $229 million in loan outstandings, becoming a significant overall contributor to our loan growth and interest income.Community banks continue to play a crucial role in the communities we serve. Last year we supported over 100 organizations through charitable giving. This included investments in education, economic development, health and human services, and the arts. Our employees continue to provide community leadership by volunteering and serving on boards. Last year, three long-time employees retired. Belinda Lance retired after 22 years of service. Belinda served in various capacities during her 22-year career and retired as a Relationship Banker at our Garland Drive location. Allen White retired after 18 years of service. Allen worked in FNB Investment services, served as our Mercer County Market President, and led our Danville WealthSouth unit throughout his career with our bank. Patti Chidester also retired after 12 years of service. Patti led our East Main and Burgin locations at different times in her career. Since retiring, Patti has returned part time, working in our FNB Investment Services unit. LETTER TO SHAREHOLDERS | 01