California’s healthcare industry is headed for job growth as aging baby-boomers, the Affordable Care Act and over 3 million Californians signing up for health insurance will help boost jobs in healthcare services and social assistance.
In closing, we are very pleased with our 2014 financial results. I would like to thank our employees for their continued hard work and dedication, our customers for their loyalty, our shareholders for their continued support and our Board of Directors for their ongoing guidance.
As we move into 2015, we remain focused on quality loan growth, fee income expansion, stronger core deposits and overall operating efficiency. Our strategic plan is to achieve growth through three means, first we’re determined and focused on increasing our market share client by client, second we seek to accelerate growth through the hiring of new banking teams to expand our footprint, and third we remain focused on acquiring community banks in or adjacent to our geographic footprint. And that conclude today’s presentation, and now Rich and I will be happy to take any questions that you might have.
Operator
Thank you, sir. We will now begin the question and answer session. To ask a question you may press * then 1 on your phone. If using a speaker phone please pick up the headset before pressing the keys. If any [inaudible] question has been addressed and you’d like to withdraw your question please press * then 2. As a courtesy we please ask that you limit yourself to one question and a single follow-up. If you have further questions you may re-enter the question queue. Again, it is * then 1 to ask a question. At this time we will just pause momentarily to [inaudible]. The first question we have comes from Julianna Balicka of KBW. Please go ahead.
Julianna Balicka – KBW
Good morning. Well, I have several questions one kind of given you current pipeline, what kind of loan growth expectations are you thinking about for 2015, just kind of ballpark of where you’d want to hit it high single digits, low double digits?
Chris Myers – President & Chief Executive Officer
On the loan growth side, it’s tough to project what we’re going to see forward, a lot of its depended on the economy, competition, interest rates all those different things. And as we look forward, certainly we are doing everything we can to grow loans but in the loans that we want to grow and the type of customers that we want to bring in to the bank, and so we’ve established our target focus on certain types of clients and certain types of business and don’t want to get too much outside of our comfort zone in terms of what we’re doing especially in a market that’s getting more and more aggressive all the time both on structure and pricing.
So having said all that, we certainly, I think we’re looking at, our objective would be to try to grow 2% per quarter in loans and I don’t know if we can get there or not, a lot of that’s going to be depended on economy. The first quarter is our most challenging quarter due to the fact that our seasonal dairy loans are, they bump up in the fourth quarter and then they come down in the first quarter. And the fact that seasonally the first quarter has been the softest loan quarter for us over the last few years; however, having said all that our loan pipeline is significantly stronger than it was a year ago at this time.
Julianna Balicka – KBW
Very good that makes sense. And a housekeeping question and I want other follow-up, what was prepayment fee for 4Q, sorry?
