Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Safe Harbor Financial Third Quarter 2023 Earnings Call. [Operator Instructions]. I will now turn the conference over to Erika Kay, Vice President. Erika, you may begin your conference.

Thank you. Good afternoon, everyone, and welcome to the Third Quarter 2023 Earnings Conference Call for Safe Harbor Financial. Before we start, please note that remarks made today include forward-looking statements, including statements with respect to the company's outlook and the company's expectations regarding its market opportunities and other financial operational matters. Each forward-looking statement discussed on today's call is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Actual results and the timing of certain events may differ materially from the results or timing predicted or implied by such forward-looking statements, and reported results should not be considered as an indication for future performance. Additional information regarding these factors appears under the heading Risk Factors in the company's filings with the Securities and Exchange Commission or the SEC, which are available at www.sec.gov and on our website at ir.shfinancial.org. The forward-looking statements in this call will speak only as of today's date, and the company undertakes no obligation to update or revise any of these statements. Also during the call, Safe Harbor will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which you can find on the company's Investor Relations website or on the SEC website. Today's call is being recorded, and a copy of the recording will be available on Safe Harbor's Investor Relations website. All dollar amounts expressed today are in U.S. currency. Presenting today will be Sundie Seefried, Chief Executive Officer; and Jim Dennedy, Chief Financial Officer of Safe Harbor. I'll now hand the call over to Sundie. Sundie, please go ahead.

Thank you, Erika, and welcome to our 2023 Third Quarter Earnings Call. This is a very exciting time for Safe Harbor as we continue to advance new growth opportunities to scale our compliant cannabis finance infrastructure with the introduction of new deposit and credit tools for cannabis-related businesses or CRBs. Our third quarter results speak to the strength of our fintech platform as it continues to support the cannabis industry with access to these financial services while driving new high-margin revenue streams for Safe Harbor. Since going public in September 2022, Safe Harbor has demonstrated consistently strong financial results by executing a differentiated business model. However, it is important for the investment community to understand the structure of our key revenue segments. We earn income in the performance of primary business activities, which include: onboarding due diligence fees, monthly account compliance fees based upon deposit activity, Safe Harbor programming licensing, investment income and loan activity income composed of origination fees, servicing fees and interest income. We partner with financial institutions, utilizing their balance sheets for both lending and depository activities in exchange for a fee-share agreement. Our proprietary fintech platform connects our CRB clients and the financial institutions allowing Safe Harbor to service the CRB clients directly, while the financial institution remains the money transmitter. This fintech platform, which sits on top of the financial institution and interfaces with its core system allows us to provide a robust and compliant cannabis infrastructure for our clients. Whereby they can make payments [ to suppliers ] and facilitate other transactions. The Safe Harbor interface directly works with the financial institution to fulfill requests and share data between Safe Harbor and the financial institution for servicing clients and allowing Safe Harbor to manage compliance and other support services. Among the services, Safe Harbor…

Thank you, Sundie, and good afternoon, everyone. For the 3 months ended September 30, 2023, Safe Harbor reported revenue of $4.3 million, up 79% from $2.4 million in the comparable prior year period. For the 9 months ended September 30, 2023, Safe Harbor reported total revenue of $13.1 million, an increase of 122% from $5.9 million for the prior year period. In the third quarter of 2023, revenue for deposit, activity and onboarding was $2.2 million, an increase of $864,000 or 65% versus the comparable prior year period. For the 9 months ended September 30, 2023, revenue for deposit activity and onboarding was $7 million, an increase of more than $2.8 million or 67% versus the comparable prior year period. The increase for both the 3 months ended and the 9 months ended periods was attributable to the acquired accounts from the Abaca transaction, an increase in the total number of accounts and a higher level of deposit activity than the prior year periods. Revenue earned in the 3 months ended September 30, 2023, for investment income was $1.19 million, an increase of $627,000 or 111% versus the prior year period. For the 9 months ended September 30, 2023, investment income was $4 million, an increase of $3 million or 300% versus the prior year period. The increase is attributable to higher interest rates and significantly higher deposit balances maintained by our clients with our financial institution partners. In the third quarter, loan interest income grew 119% or $493,000 versus the comparable prior year period to $906,000. For the 9 months ended September 30, 2023, loan interest income grew $1.3 million or 191% versus the comparable prior year period to $1.98 million. The increase in revenue was attributable to placing a greater volume of high-quality loans in both the 3…

[Operator Instructions] Your first question comes from the line of Will Waller from M3F, Inc.

You disclosed in the press release that deposit balances on average at the financial institution clients were about $216.9 million in the quarter. I was just curious if you could disclose how much of that roughly is Partner Colorado Credit Union versus other financial institutions.

Well, I'll take that question. We haven't disclosed that in previous calls or disclosed it publicly. But I would say the easiest way to come about is about 3/4 of that, anywhere from like 2/3 to 3/4 of that is of Partner Colorado.

[Operator Instructions] We have no questions in our queue at this time. I will now turn the call over to Sundie Seefried for closing remarks.

Thank you. I would like to thank everyone again for joining us on today's call and for your continued interest in Safe Harbor Financial. We have proven the strength and value of our business model, now given our strong financial institutional partnership network, which continues to grow and our success in advancing new growth initiatives to meet the needs of today's cannabis industry participants, we believe we are on a strong path for continued results. We look forward to updating with you on our next -- continued progress on our next quarterly conference call. Thank you, and have a great day.

This concludes today's conference call. Thank you for your participation, and you may now disconnect.