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

Roger Busse, President & Chief Executive Officer
Ok. So with regard to growth, as Casey mentioned, we expect similar growth in the fourth quarter. And when we say similar, it’s not necessarily limited to the $10 million, we would certainly expect that. But keep in mind that in Casey’s comments today, he mentioned that there were $7 million in carry-overs from the fourth quarter to the first quarter. That should also be included as a consideration. And the pipelines that we currently have remain strong.

With regard to pay-off activity, we saw some pay-offs related to as was mentioned to construction and some of those went to perm, so others were not expected to stay with the bank. So we have funded some construction loans, it will begin to fund up as well. So if you’re relative to the pay-offs that we experienced in the past, they may slow down somewhat.

So, we are fairly optimistic that first quarter growth will be at least equal to fourth quarter if not much better as I mentioned. And then going forward, we expect to see a similar growth minimally to what we saw last year, if not better, and we are just trying to be conservative in our comments. But as we mentioned, we are optimistic on growth.

Then we also have the closure of Capital Pacific Bank. There is going to be opportunities as well there after the closure. There is scale potential with those clients. We have opportunities to expand relationships, and those aren’t even counted into my comments about potential growth during 2015.

Jeff Rulis, DA Davidson
Ok. That’s helpful. And then, Roger, just circling back on that Capital Pacific. If you just, you don’t quite have [inaudible] approval yet and then assuming a shareholder meeting thereafter. This looks like a later quarter close, is that…

Roger Busse – President & Chief Executive Officer
Yeah. It’s, we expect to close this quarter. Yeah, in the first quarter.

Jeff Rulis, DA Davidson
Okay.

Roger Busse – President & Chief Executive Officer
And our integration remains unscheduled as well.

Jeff Rulis, DA Davidson
Great. And then maybe one last one for Mick. The income, the non-interest income and expense guidance, is that exclude any operational impact from Capital Pacific?