ServisFirst Bancshares, Inc. (SFBS)’s Fourth Quarter 2014 Earnings Conference Call Transcript

William Foshee – CFO
You mean monthly, I mean we insist [inaudible] their loans to be 1.5 million through 2015.

Q: Okay, that’s helpful.

William Foshee – CFO
Yes, it’s hard to predict by month or quarter, just pay the ones they hire for each one, get up and going.

Q: Understood. And then just one kind of follow-up question on the margin. Where is or where are you on average if you have a sense for where your production born yields are and what is kind of an optimal level of liquidity that you would call, I mean obviously the increase in cash from quarter to quarter was pretty significant. So trying to get a sense for,  a few deposits on that cash next quarter, what kind, [inaudible] sense the even margin could be? Thanks.

Thomas Broughton – President & CEO
Yes, we would like I would say 3% of assets would be a normal range. Then that’s higher than that I think in 2014. So that’s again it’s kind of hard to forecast.

William Foshee – CFO
And we don’t have deposit growth in the first quarter, typically. We tax payments and what have you with this, we pretty much tread water on deposits in the first quarter.

Thomas Broughton – President & CEO
True.

Q: Right. And then new production loan yields?

Thomas Broughton – President & CEO
I would say 4.5.

William Foshee – CFO
We are staying about 4.45 to 4.50 on our loan yield.

Q: Okay, that’s all. Thanks for taking my questions.

William Foshee – CFO
Thank you.

Operator
Our next question will come from Kevin Fitzsimmons of Hovde Group. Please go ahead.

Q: Hey, good morning guys.

Thomas Broughton – President & CEO
Morning.

William Foshee – CFO
Good morning, Kevin.

Q: Just wanted [inaudible] a question into how you think about these new market entries or expansions. So Charleston, just in terms of the timing and what order you go after them, is it more that this was a market you really had your eye on and was next up and you kind of went after these people proactively or does it more it’s went up several markets you might be interested in and it just so happens that the leader kind of comes to you and it sort of falls together. And how do those usually play out in that sense?