Central Pacific Financial Corp New

Good afternoon, ladies and gentlemen. Thank you for standing by. And welcome to Central Pacific Financial Core first quarter 2021 conference call. During today's presentation, all parties will be in listen-only mode. Following the presentation, the conference will be open for questions. This call is being recorded and will be available for replay shortly after its completion on the company's website, at www.cpb.bank. I'd like to turn the call over to Mr. David Morimoto, Executive Vice President, Chief Financial Officer. Please go ahead.

Thank you, Kate. And thank you all for joining us as we review the financial results for the first quarter of 2021 for Central Pacific Financial Corp. With me this morning are Paul Yonemide, Chairman and Chief Executive Officer, Catherine Ngo, President, Arnold Martinez, Executive Vice President and Chief Banking Officer, and Anna Hu, Executive Vice President and Chief Credit Officer. We have prepared a slide presentation that we will refer to in our remarks today. The presentation is available in the investor relations section of our website, scpb.bank. During the course of today's call, management may make forward-looking statements. While we believe these statements are based on reasonable assumptions, they involve risks that may cause actual results to differ materially from those projected. For a complete discussion of the risks related to our forward-looking statements, please refer to slide two of our presentation. And now I'll turn the call over to Paul.

Thank you, David, and good morning, everyone. As always, we appreciate your interest in Central Pacific Financial Corp. In the first quarter of 2021, Central Pacific completed several key milestones. We completed our RISE 2020 initiative, which included the revitalization of our Central Pacific Plaza lobby, digital banking enhancements, and other revenue and efficiency initiatives. Additionally, as we continue our commitment to best-in-class digital banking technology, in the first quarter, we implemented further upgrades and enhancements to our consumer online and mobile banking systems, and we launched our new small business online banking system. Further, this quarter, we launched a new online platform for opening consumer deposit accounts and consumer term loans. During the first quarter, Central Pacific stepped up again to support our small business community by originating over 3,600 PPP loans, totaling over $290 million. We are proud of our hardworking team of employees that have enabled us to accomplish these milestones and results. We continue to be highly focused on building upon these successes and achieving our financial targets. Our financial results for the first quarter were very strong, with the highest quarterly pre-tax income since 2007. We also continue to have solid asset quality, liquidity, and capital. Based on our strong results and financial position, our board of directors increased our quarterly cash dividend to $0.24 per share. I'd like to now turn the call over to Catherine to provide an update on our state and company's pandemic status. Catherine.