Pacific Continental Corporation (PCBK)’s Fourth Quarter 2014 Earnings Call Transcript

Eric Grubelich – Highlander Capital Group
Yeah, I know that, I think you have that in the press release. Yeah. Okay, that’s fine. Thanks very much.

Casey Hogan – Executive Vice President & Chief Operating Officer
Thanks, Eric.

Operator
All right. Thank you very much. Our next caller is in the queue. We will go ahead and move them up. Again, please identify yourself and what organization you’re with and please remember to unmute if you had muted. Hi, please go ahead.

Tim Coffey – FIG Partners
Thank you. Tim Coffey, FIG Partners. How you doing gentlemen?

Casey Hogan – Executive Vice President & Chief Operating Officer
Hi, Tim.

Roger Busse – President & Chief Executive Officer
Hi, Tim.

Tim Coffey – FIG Partners
Roger, given kind of where you are in the closing on the acquisition this quarter, what makes more sense in the near-term, additional M&A opportunities or acquiring a team?

Roger Busse – President & Chief Executive Officer
It’s a good question, Tim. We look for both, honestly. We have had opportunities at teams, we’ve looked at that carefully. There is different types of risk associated with that, sometimes reduced if you take a team in. But then again we’ve seen a lot of teams that have been acquired by their institutions not succeed.

Our real focus is on organic growth. And well, Casey is looking for future growth as he mentioned similar to fourth quarter. We are optimistic in our pipelines and that means we may do even better. But the point is, we are focused on organic growth. Then there is real opportunities in acquisitions, but we take them as we come and so our real strategic focus is on what we can do. That’s our organic growth, Tim.

Tim Coffey – FIG Partners
Ok. And speaking on what’s your focus on quality first, good loan growth this quarter, looks like next quarter is setting up well. Has something changed, has the market started to open up to you or you are finding your proposition as a bank has a better, claim better with potential clients?

Roger Busse – President & Chief Executive Officer
Well, I think, in our niche focus, we have a good reputation and a good opportunity for quality loans. What we are seeing is that sometimes the competition is trying to seek these same quality loans primarily by pricing. It also loosens some credit standards.

But with regard to the economy that’s improving and moving forward into the future, I think that we will be an attractive, we’ll continue to be an active and attractive player for these same clients and we’ll win the right ones and we want to continue, we are long term players.

Our focus is to grow with quality, so that we can continue to not look behind in our rearview mirror at potential credit issues. So we want to move forward with quality decisions.

Tim Coffey – FIG Partners
Okay. Well, thank you. Those were all my questions.