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| 12024 as AVP, Loan Officer, Lancaster, bringing extensive experience in mortgage lending to that market. We also hired Tanner Barnes as AVP, Equine and Commercial Lender. Succession planning is key to a smooth transition, and I%u2019m pleased we have been able to add Katrina and Tanner.Looking ahead, we expect our balance sheet to grow, moving us closer to permanently eclipsing the $1 billion mark in total assets. We are off to a great start in 2025 and expect to meet or exceed our earnings budget. Accomplishing this would lead to a fifth straight year of record earnings. To accomplish our goals, we will need modest loan growth to continue throughout the year and interest rates to stabilize. Our loan growth goal is just north of $40 million. Speaking of goals, I%u2019m pleased to let you know we are well of head of our latest 5-7 year strategic financial performance targets, which we modeled for the board through 2030. This year we will expand our Evansville Market by adding a second lender and wealth management advisors. Deposit growth is a priority. Brandon Drake and Blake Mason are leading our efforts to grow core deposits this year. We are developing an %u201cInvestor Relations%u201d page on the Farmers National Bank website. The page will provide an overview of Boyle Bancorp, Inc. (BYLB), the benefits of owning BYLB, information on how to purchase additional shares, and a link to our most recent annual report. This page will also become a go-to location for shareholder news and announcements, as well as another way to review my quarterly letters and the annual report publication. This report contains the usual Financial Highlights and Financial Statements sections. Full audited financials will be available no later than April 30, 2025. We are happy to provide a copy to anyone wishing to have the full report once available. Please email Morgan Shiflet at morgan.shiflet@fnbky.com if you would like a copy.As always, your continued support as a shareholder is appreciated. We continue to focus on adding long-term shareholder value and I hope based on the performance noted in this annual report you agree with me that we are doing 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 Gibson President & Chief Executive OfficerThank you for your continued investment in Boyle Bancorp, Inc. and thereby, The Farmers National Bank. Management and the board of directors are pleased to provide information in this annual report that highlights another successful year for our company. Earnings grew 4.32% in 2024 while maintaining a relatively flat balance sheet amid interest rate and economic uncertainty. Earnings Per Share (EPS) of $13.40 exceeded 2023 by 5.18%. Loan growth was consistent throughout the year. The loan portfolio grew 11.52% year over year. Shareholders Equity increased 8.32%. This is after moving our dividend to shareholders from $.75 per share in the first quarter to $.90 per share in the fourth quarter. WealthSouth, our asset management and commercial lending division, hit a couple significant milestones in 2024. Assets under management exceeded $1 billion, assets under advisement were over $4.4 billion. Loans made by our WealthSouth lenders account for $270 million in loans outstanding which represents 38% of the bank%u2019s total loans. WealthSouth collectively accounted for $7 million of our Net Income Before Tax (almost 49% of our total NIBT) last year. Recognizing an opportunity to continue growing our Bowling Green market, we purchased newly developed office space located just off Scottsville Rd. The new location is well located with great access for our clients. It also allowed us space to add staff. I%u2019m pleased to announce the hiring of Steve Graham as a Senior Commercial Relationship Manager. Steve has more than 30 years of banking experience. Adam Yates joined the Bowling Green office as a Wealth Management Advisor. Adam has 18 years of experience in wealth management. In the Lexington Office of WealthSouth, we hired Kathleen Cinnamon as a Private Banker. Kathleen will also assist in our Bowling Green and Evansville WealthSouth offices. In addition to the new hires in WealthSouth, we hired Todd Harne to lead our Casey County Market. Todd is well known in the area, having worked in the gate industry for many years. He and his team are on the right track to make our bank a major player in that market. Last year, two long-time employees retired. Judy Walker retired after 10 years of service. Judy served in our Danville WealthSouth office as a Trust Administrator. Tammy McQueen retired after a 27-year career in the Casey County market. Tammy was instrumental in helping Farmers Deposit Bank customers transition to The Farmers National Bank in her time with us. 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. Jamie Douglas was promoted to AVP, Loan Officer, Casey County; Jeremy Hardin AVP, Ag and Commercial Lender, Mercer County; Talisa Lay AVP, Retail Branch Manager, Harrodsburg. Katrina Salyers was hired in LETTER TO SHAREHOLDERS