Central Pacific Financial Corp New

and welcome to the Central Pacific Financial Corp. Second Quarter 2021 Conference Call. During today's presentation, all parties will be in a 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. If you require operator assistance, please press star then zero. I'd like to turn the call over to Mr. David Morimoto, Chief Financial Officer. Please go ahead.

David Morimoto Thank you, Andrew, and thank you all for joining us as we review the financial results for the second quarter of 2021 for Central Pacific Financial Corp. With me this morning are Paul Yonemune, Chairman and Chief Executive Officer Catherine Knowles, 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 at cpb.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. Let me start first with some positive updates on the Hawaii economic recovery. Visitor arrivals from the U.S. mainland to Hawaii have returned much quicker than anticipated, a good sign for economic recovery. The daily arrival count has averaged about 30,000 per day since June, which is nearly at pre-pandemic level. In early July, the state of Hawaii began allowing arriving passengers to skip pre-tested of full vaccination against COVID in the U.S. Although we are not immune to the spike caused by the Delta variant, Hawaii's COVID infection rates continue to be at very low levels, with our infection rates currently at the lowest in the nation. Nearly 60% of our state population is fully vaccinated as of July 21, 2021. The state of Hawaii unemployment rate declined to 7.7% in the month of June and is forecasted by the University of Hawaii Economic Research Organization to decline to 4.8% in 2022. The housing market in Hawaii remains hot with the median single family home price at $979,000 in the month of June. Our financial results for the second quarter were very strong, with quarterly pre-tax income reaching a new record high. With increased confidence in the Hawaii economic recovery and our continued solid asset quality, liquidity, and capital, we resumed share repurchases during the second quarter and continue to pay our quarterly cash dividends. Against this backdrop, we are very optimistic about our future business prospects. Digital continues to be a key strategic priority for us. Enhancements to our online and mobile banking platforms are being made on a continual basis. Additionally, in the second quarter, we issued new contactless debit cards to all of our customers and increased mobile deposit adoption among our customer base. Further, online chat is now available and online appointment schedule is coming soon to make banking easier and more convenient for our customers. We continue to work diligently on product and service development in the digital area. I'd like to turn the call over to Catherine Null, our president. Catherine.