Pacific Continental Corp (NASDAQ:PCBK) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.
Bottom on Margins
Jeffrey Rulis – D.A. Davidson: Couple, really just housekeeping questions; I think you were pretty thorough on the call, but maybe the first one for MIck on the margin; your sort of guidance on kind of a slower drift down or finding a bottom on margins. Is that inclusive of the Century transaction or is that kind of just the core?
Michael (MIck) Reynolds – EVP and CFO: That would be primarily core, Jeff. And you’re correct that the Century acquisition to some extent could provide a certain amount of lift in the sense of the accretion of the loan marks back into income.
Jeffrey Rulis – D.A. Davidson: And then one for Roger on the OREO balances, kind of the – you outlined sort of the properties within their and your patience on unloading those. Any other color on your expectation for timing of – would you expect it to be – rather won’t be, or any kind of further color on the disposition of those would be helpful?
Casey Hogan – EVP and Chief Credit Officer: Jeff, this is Casey. I’ll take that. I think it’s kind of all of the above. We have some offers – and at least an offer pending that looks like will be accepted on one of the smaller pieces. We have other offers on a regular basis on the other properties. Again, there’s still a disconnect between bid and ask, and so we’re being, as Roger mentioned, patient and thoughtful in reviewing all of those. So, we’ll continue to market aggressively; in the meantime, operate those that have some cash flow opportunities for us.