First State Bancorporation Q1 2010 Earnings Call Transcript

First State Bancorporation (FSNM)

Q1 2010 Earnings Call

April 26, 2010 5:00 pm ET

Executives

Patrick Dee – President, Chief Operating Officer

Chris Spencer – Chief Financial Officer

Analysts

Bain Slack – Keefe, Bruyette & Woods

Presentation

Operator

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Welcome to the First State Bancorporation first quarter results conference call. (Operator Instructions) I’d like to turn today’s conference over Mr. Chris Spencer, Chief Financial Officer.

Chris Spencer

Welcome everyone to First State Bancorporation’s first quarter conference call. First State Bancorporation will provide an online simulcast of this call on our investor site, which is www.fcbnm.com. An online replay will follow immediately after the call.

Myself, Christopher Spencer, Senior Vice President and Chief Financial Officer, H. Patrick Dee, President and Chief Executive Officer, and Jed Fanning, Chief Credit Officer of First State Bancorporation.

The Board of Directors of First State Bancorporation has adopted a policy that will comply with Securities and Exchange Commission regulation FD in all respects. Consequently, this call will proceed under an agenda, which I will announce momentarily. Matters outside the agenda items will not be discussed.

The subject matter of this conference call will include forward-looking statements. These statements are not historical facts and involve risks and uncertainties that could cause First State’s results to differ materially from those contained in such statements.

Our agenda this afternoon, Pat Dee will start with an overview of the quarter. I will then proceed to go over the financial slides that are available on our website. Then Pat will make some concluding remarks and then we’ll open it up for our analyst questions.