埃文斯万通金控 2024年度报告

[X]ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended:December 31,2024[]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________Commission file number:001-35021 EVANS BANCORP, INC.(Exact name of registrant as specified in its charter) New York16-1332767(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(g) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Indicate by checkmark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [ ] Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.[ X ] If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.[ ] Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). [ ]Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). On June 30, 2024, the aggregate market value of the registrant’s common stock held by non-affiliates was approximately $149million, based uponthe closing sale price of a share of the registrant’s common stock on NYSE American, LLC. As of March 3, 2025,5,567,382shares of the registrant’s common stock were outstanding. Page 1 of 110Exhibit Index on Page 106 DOCUMENTS INCORPORATED BY REFERENCE None. TABLE OF CONTENTS INDEX PART I Item 1.BUSINESSItem 1A.RISK FACTORSItem 1B.UNRESOLVED STAFF COMMENTSItem 1C.CYBERSECURITYItem 2.PROPERTIESItem 3.LEGAL PROCEEDINGSItem 4.MINE SAFETY DISCLOSURES PART II Item 5.MARKET FOR REGISTRANT’S COMMON EQUITY RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIESItem 6.[RESERVED]Item 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONSItem 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKItem 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAItem 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ONACCOUNTING AND FINANCIAL DISCLOSUREItem 9A.CONTROLS AND PROCEDURESItem 9B.OTHER INFORMATIONItem 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS PART III Item 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE104Item 11.EXECUTIVE COMPENSATION104Item 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS104Item 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,AND DIRECTOR INDEPENDENCE104Item 14.PRINCIPAL ACCOUNTING FEES AND SERVICES104 PART IV Item 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES105Item 16.FORM 10-K SUMMARY108SIGNATURES110 PARTI FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K may contain certain forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), that involve substantial risks and uncertainties.When used in t