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Published on: 5/3/2007
Last Visited: 5/3/2007
Joining me this morning in this presentation are Richard Murray,our President and Chief Operating Officer; Will Matthews, our ChiefFinancial Officer; and Dan David, our Vice Chairman.
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Richard will give you somegreater detail on this in a moment.
Growth.
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Rich will talk about offices that we opened in thequarter that will impact some of that stuff, too, in his comments.
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Rich will give you more detail, butour provision of $1.76 million was 5.3 times our net charge-offs andexceeded our net charge-offs by $1.4 million or roughly $0.04 a shareafter-tax.
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I'mgoing to stop now and turn it to Richard for his comments.
RICHARD MURRAY, PRESIDENT, COO, ALABAMA NATIONAL BANCORPORATION:Thanks, Will.
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JOHN HOLCOMB: Thank you, Richard.
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RICHARD MURRAY: Trust preferred.
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I don't know, Richard, if you and John hadany other comment?
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We did as Richard said open in the first quarter three locations, twoof which are branches, one of which is our operations center.
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RICHARD MURRAY: One comment I would also make, because we do haveroughly four branches that would be my guess that we will open upbetween now and the end of the year.
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RICHARD MURRAY: It really was more in the beginning of the quarter,not at the end of the quarter.
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RICHARD MURRAY: I guess it is really not different from the answerswe have given in previous quarters.
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RICHARD MURRAY: Yes.
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RICHARD MURRAY: The vast majority of the increase in Georgia was onthe Eastern side, which is Peachtree's footprint.It was primarily toexisting customers.
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CD prices now, for a one-year CD are on the border of, what, 5.25,Richard?
RICHARD MURRAY: Right, 5 -- each market is a little different.
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RICHARD MURRAY: Yes, 5 to 5.25; and that is the case really for sixmonths to a year.
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WILL MATTHEWS: I will answer, and Richard and John can jump in too.
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RICHARD MURRAY: Right, the increase in nonperformings was roughly $2million.
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RICHARD MURRAY: The problem loan list, which is really our classifiedloan list, to use Examiner terminology, that increased from 41 to $56million.
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RICHARD MURRAY: There was a beachfront condominium construction loanthat we mentioned last quarter that was roughly $6 million.
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RICHARD MURRAY: As I mentioned, the three biggest -- and some of theothers as well -- are residential real estate related.
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