Deposits & Community - Kraken platform achieved $500 million in deposits [1] - Offers 2% matches for all users [1] - Provides 2.5% matches for Kraken+ subscribers [1] - Community support is highly valued [1]

Binance has completed the integration of Hemi (HEMI) on the HEMI Network and opened deposits.👉 https://t.co/q40a82tJqv ...

Stablecoin Adoption - PayPal's PYUSD deposits into Sparkdotfi surged by approximately 560% in the last two months [1] - PYUSD deposits increased from around $75 million to approximately $500 million [1]

Financial Data and Key Metrics Changes - Commercial loan commitments increased to $808 million from $659 million year-over-year, but loan outstandings contracted by $41.1 million compared to a growth of $163.5 million in the prior year [2] - Deposits rose significantly by $635.5 million during the quarter, primarily due to a seasonal increase in public funds deposits of $473.2 million [2] - Reported net interest margin (NIM) for the quarter was 3.17%, slightly down from 3.20% in the previous quarter, while core NIM expanded by nine basis points to 3.33% [4] - Non-interest income increased by $1.8 million or 8.8% compared to the third quarter of 2024 [4] - Non-interest expense rose by $2.1 million or 4.4% compared to the third quarter of 2024, driven by compensation costs and other expenses [5] Business Line Data and Key Metrics Changes - The provision for credit losses recorded was $517,000, with an average ratio of 1.28% at September 30, consistent with June 30 [4] - Net charge-offs for the core NIM were $480,000, annualized at three basis points [4] Market Data and Key Metrics Changes - The company expects $75 million to $100 million of outflows of public funds per month in the fourth quarter, continuing into the first quarter [10] - Competition for deposits remains fierce, particularly in the certificate of deposit (CD) market, with a couple hundred million dollars of CDs maturing each quarter [22][24] Company Strategy and Development Direction - The company plans to maintain a flat loan growth compared to December 31, 2024, while expecting net interest income growth of 12 to 14% compared to 2024 [5] - The company is focused on internal initiatives for efficiency and digital improvements, with no immediate plans for significant M&A activity [32] Management's Comments on Operating Environment and Future Outlook - Management anticipates that the provision for credit losses will be event-driven, influenced by loan changes and economic-related assumptions [6] - The outlook for core NIM is expected to remain relatively flat, with strong new loan yields around 7% [12] - The company is cautious about the impact of potential Fed rate cuts, expecting minimal immediate effects on net interest income and NIM [25] Other Important Information - The company reported a non-interest expense of $100 million for 2024, with an expected growth of approximately 2 to 3% for 2025 [6] - The guidance for income taxes remains unchanged at 20 to 20.5% based on current statutory rates [6] Q&A Session Summary Question: What is the outlook for public funds commercial deposit inflows? - The company expects normal seasonal outflows of $75 million to $100 million per month in the fourth quarter, continuing into the first quarter [10] Question: Can you provide more details on the NIM outlook? - Core NIM is expected to be relatively flat, with new loan yields around 7% [12] Question: What is the status of the loan pipeline? - The loan pipeline is healthy, with expectations for some growth in the fourth quarter, contingent on prepayment activity [14] Question: How much of the loan book is floating rate? - Approximately one-third of the loan book remains floating rate [26] Question: What is the company's approach to capital deployment and buybacks? - The company plans to maintain buyback activity around $6 to $7 million per quarter, with flexibility based on earnings growth [29] Question: What is the company's appetite for M&A? - The appetite for M&A remains unchanged, with a focus on internal initiatives rather than pursuing acquisitions at this time [32]

Market Trends & DeFi Activity - Deposits to Aave on Base reach an all-time high of approximately $22 billion [1] - Aave on Base deposits have increased by around 200% since the beginning of the year [1]

Listing Announcement - Kraken is listing $XMN by @xMoney_com [1] - Deposits for $XMN are now live [1]

👻🟦 Deposits to @aave on @base are at an all-time high of ~$2.2 billion, up ~200% since the start of the year. https://t.co/gGZio8HMH2 ...

Deposits & Incentives - Aiming for cumulative deposits to reach $500 million [1] - Top match available upon reaching the $500 million deposit target [1] Call to Action - Encouraging users to "Lock in!" [1]

Product Launch - Hyperliquid officially launched spot Plasma (XPL) deposits, withdrawals, and trading [1] Platform Availability - XPL deposits are available on two platforms: `https://t.co/uJWeiSHH79` and `https://t.co/Rg4Ub2t2Or` [1] - Spot XPL trading is available at `https://t.co/6FDWXbgzhu` [1]

Lending Activity on Aave - Approximately 42% of all deposits on Aave are currently lent out to borrowers [1]