Evans Bancorp Inc. will pay a semiannual cash dividend of 46 cents per common share on its approximately 4.8 million shares outstanding. The previous payout was 40 cents per share.

The higher dividend will be distributed April 3 to shareholders of record as of March 13.

Evans Bancorp is the holding company of Hamburg, N.Y.-based Evans Bank NA, which had $1.28 billion in assets at the end of 2017.