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Preferred Bank's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Preferred Bank ( PFBC)

Q2 2011 Earnings Call

July 20, 2011 5:00 PM ET

Executives

Lasse Glassen – SVP, Financial Relations Board

Li Yu – Chairman, President and CEO

Edward Czajka – SVP and CFO

Analysts

Aaron Deer – Sandler O’Neill & Partners

Joe Gladue – B. Riley & Company

Julianna Balicka – KBW

Joe Stieven – Stieven Capital Advisors

Presentation

Operator

Good day ladies and gentlemen, thank you for standing by. Welcome to the Preferred Bank 2011 Second Quarter Conference Call. During today’s presentation all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator Instructions). This conference is being recorded today Wednesday July 20, 2011.

I would now like to turn the conference over to Lasse Glassen, Senior Vice President of Financial Relations Board. Please go ahead sir.

Lasse Glassen

Thank you, good day everyone. And thanks for joining us to discuss Preferred Bank’s preliminary results for the second quarter ended June 30, 2011. With us today from management are Mr. Li Yu, Chairman, President, and Chief Executive Officer; Ed Czajka, Chief Financial Officer; and Louie Couto, Executive Vice President.

Management will provide a brief summary of the quarter, and then we’ll open the call up to your questions. During the course of this conference call, statements made by management may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements are based upon specific assumptions that may or may not prove correct. Forward-looking statements are also subject to known and unknown risks, uncertainties, and other factors relating to Preferred Bank’s operations and business environment, all of which are difficult to predict, and many of which are beyond the control of Preferred Bank.

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