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Evans Bancorp , Inc. 6460 Main Street , Williamsville , NY 14221 FOR IMMEDIATE RELEASE News Release Evans Bancorp Reports Record Net Income of $ 6.3 Million in Second Quarter 2021 WILLIAMSVILLE , NY , July 29 , 2021 – Evans Bancorp , Inc. ( the “ Company ” or “ Evans ” ) ( NYSE American : EVBN ) , a community financial services company serving Western New York since 1920 , today reported results of operations for the second quarter ended June 30 , 2021. Results include the acquisition of Fairport Savings Bank ( " FSB " ) , effective May 1 , 2020 . SECOND QUARTER 2021 HIGHLIGHTS ( compared with prior - year period unless otherwise noted ) " " " Net interest income increased 23 % to $ 18.4 million reflecting higher interest - earning assets and accelerated amortization of Paycheck Protection Program ( " PPP " ) fees Loan portfolio increased 4 % , excluding PPP loans , on solid commercial real estate and residential mortgage originations Results include $ 0.8 million release of allowance for loan losses due to improved credit quality across the portfolio and continued positive macroeconomic trends Total deposits of $ 1.88 billion , increased 4 % Net income was $ 6.3 million , or $ 1.15 per diluted share , in the second quarter of 2021 , compared with $ 4.9 million , or $ 0.89 per diluted share , in the first quarter of 2021 and $ 0.5 million , or $ 0.09 per diluted share , in last year's second quarter . The increase from the prior - year period included higher net interest income of $ 3.4 million reflecting higher interest - earning assets and fees earned in connection with PPP , along with a $ 1.4 million decrease in provision for loan loss reflecting improved economic trends and conditions related to the Coronavirus pandemic ( " COVID - 19 " ) . Also incurred in the prior - year period was $ 2.8 million of higher non - interest expenses , largely related to the FSB merger . The change in net income from the sequential quarter reflected a $ 1.8 million increase in net interest income primarily from fees earned in connection with PPP loans and commercial prepayment fees recognized during the quarter . In addition , provision for loan loss decreased $ 1.1 million from the first quarter of 2021 . Return on average equity was 14.72 % for the second quarter of 2021 , compared with 11.48 % in the first quarter of 2021 and 1.19 % in the second quarter of 2020 . " Evans delivered record earnings for the quarter reflecting a strong emergence from the pandemic as the economy recovers . We exhibited strength in capturing the pent - up demand in both commercial and consumer lending and regained the momentum that had been building pre - COVID . These results were driven by flexibility , responsiveness and engagement with clients and prospective clients throughout this period , ” said David J. Nasca , President and CEO of Evans Bancorp , Inc. " During these adverse economic conditions we have been able to serve and expand our client base , increase our market presence in Rochester and deepen relationships . As the economy continues to rebound , we are excited and well - positioned as a strong resource to support our clients in their growth and expansion plans and grow our franchise . "