Question-and-Answer Session
Operator
(Operator Instructions).
And our first question comes from the line of [Alan Altman], which is a private investor. Please go ahead.
Alan Altman - Private Investor
Yes. Hello.
John Millman
Hi.
Alan Altman - Private Investor
I had a question about your trust capital securities issued February 2002 for 8.375%, and they were callable as of March 31, 2007. And I know that you bought back $196,000 in the market in 2007. Do you have any plan to call on the rest of them?
John Millman
At this point, I think that many other institutions, including us are looking at the preservation of capital as a prudent step in managing their business. So I think I would answer your question by saying that our current plans do not include any repurchases.
Alan Altman - Private Investor
Are you buying back any in the open market this year?
John Millman
At this point, I think we're looking to preserve capital and probably will not be buying any back.
Alan Altman - Private Investor
Okay. Thank you very much.
Operator
(Operator Instructions)
And we have no further questions. Please continue.
John Millman
Thank you, operator. Ladies and gentlemen, it appears there are no further questions, so we really want to tell you we appreciate your time and look forward to speaking with you again at the end of the next quarter.
Operator
Ladies and gentlemen, this conference will be available for replay after 12 o'clock Eastern Time today through May 8, 2008 and midnight Eastern Time. You may access the AT&T Executive Replay System at any time by dialing 1-800-475-6701, and entering the access code 920378.International participants may dial 320-365-3844. Those numbers again are 1-800-475-6701 and 320-365-3844, and access code 920378.
That does conclude our conference for today. Thank you for your participation and for using AT&T Executive TeleConference. You may now disconnect.
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