Financial Data and Key Metrics Changes - Q2 earnings were approximately $4,800,000, an increase from $4,500,000 in the prior quarter [15] - Net revenue for the quarter reached a record $17,800,000, up 215% compared to the prior linked and year-over-year quarters [15] - Net interest income was $12,400,000, while net interest margin declined to 4.31% from 4.47% in Q1 [16] - Total non-interest income decreased to $5,400,000 from $5,500,000 in Q1 [16] - Total non-interest expense for the quarter was $10,400,000, down approximately $500,000 compared to Q1 [19] - Efficiency ratio improved to 58.5% from 62.8% in Q1 [20] - Total assets increased by 3.6% to $1,230,000,000, and shareholders' equity grew by 3.5% to $151,700,000 [20][21] Business Line Data and Key Metrics Changes - New SBA and commercial loans originated during the quarter exceeded $160,000,000 [15] - Gain on sale of loans for the quarter was $2,600,000, with loan sales volume at $82,100,000 [16][17] - Non-performing assets (NPAs) net of guarantees decreased to $4,600,000, representing 0.37% of total assets [17] Market Data and Key Metrics Changes - The gaming and credit card divisions experienced a decline in transactions, with credit card transactions dropping to $82,000,000 and net interchange income to $1,500,000 [23] - July transactions showed significant growth, estimated at approximately $38,500,000, indicating a 35% increase from June [26] Company Strategy and Development Direction - The company is focusing on enhancing automated systems and fraud protection in the credit card division to support future growth [25] - The gaming fintech division is exploring new payment systems and stablecoin initiatives, indicating a strategic pivot towards innovative financial solutions [36] - The company anticipates regulatory approval for its slot program, which would allow it to manage slot proceeds under FDIC insured accounts [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future SBA activity, citing strong volumes and pipelines [18] - The company is positioned to benefit from increased gaming activity and expects substantial growth in its credit card division as enhancements are implemented [27][39] - Management noted the evolving gaming landscape, with increased player engagement and transaction activity expected [28] Other Important Information - The company has a strong liquidity position, with total liquidity increasing to $820,000,000, equating to approximately 77% of total deposits [21] - The company is transitioning to become an SEC registered entity, with related operating expenses decreasing significantly [15] Q&A Session Summary Question: Guidance on credit card growth for the remainder of the year - Management indicated that while issues have been enhanced, they cannot provide specific guidance for the next two to four quarters but noted positive trends in July [40] Question: Expectations for BoldBets and player onboarding - The onboarding process is dependent on gaming operators, with local businesses expected to show higher penetration rates compared to larger institutions [41][42] Question: Details on the Konami deal and expected deposits - The relationship with Konami is tied to the casino management system, and the bank does not have a direct relationship with Konami's machines or deposits [45]