Q3 2007 SILVER STATE BANCORP Earnings Conference Call - Final.

Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: Good day, ladies and gentlemen, and welcome to the 2007 Third Quarter Silver State Bancorp Earnings Conference Call.

(OPERATOR INSTRUCTIONS)

I would now like to turn the presentation over your host for today's conference, Mr. Corey Johnson, President and CEO.

Please proceed.

COREY JOHNSON, PRESIDENT AND CEO, SILVER STATE BANCORP: We'd like to welcome everyone for attending the conference call this morning.

But before we get started, Mike needs to read the forward-looking statement for us.

MIKE THREET, CFO AND COO, SILVER STATE BANCORP: Yes.

This conference call will contain certain forward-looking statements. Terms such as "will", "should", "plan", "intend", "expect", "continue", "believe", "anticipate", "seek" and similar expressions are forward-looking in nature and reflect the management's view only as of the date hereof.

Actual results and events could differ materially from those expected or anticipated, and are subject to a number of risks and uncertainties, including but not limited to fluctuations in interest rates, asset quality, government regulations, economic conditions and competition in the geographic and business areas in which Silver State Bancorp conducts its operations.

We undertake no obligation to review or update any forward-looking statements, whether as a result of new information, future events or otherwise.

With that, I'd like to turn the call back over to Mr. Johnson.

COREY JOHNSON: Thanks, Mike.

Once again, we'd like to welcome everyone for participating this morning. And I appreciate everyone's time and interest in our company.

Prior to Mike reviewing the financial performance for the third quarter, I will talk about our credit quality and our new branches that we've opened up and plan to open up during this quarter.

Doug French, who is also with us, will help answer questions regarding our real estate loans and the general economic conditions in our two primary markets, Las Vegas and Phoenix.

As most of you have seen in our earnings release, we are extremely pleased with our financial results for the third quarter, especially considering the significant competitive pressures in the markets we operate.

Our earnings and interest margins have continued to remain strong, despite these challenging market conditions.

Credit quality remains a top priority for management as we continue to focus on generating quality earning assets. There is some weakness in the residential real estate lending markets in both Nevada and Arizona. However, as can be seen by our financial report, there has been virtually no change or deterioration …