Chief Executive Officer Director We at Cal Oaks are extremely encouraged by the results of the first quarter of this year. This was primarily due to surprising growth in our loan portfolio. We anticipated it would take 90 days for the positive result to begin to show and it appears we were right.
All loans continue to perform well.
We must continue to provide the best banking product, price and service. These, not attrition, make the best bank in a community. In our last Loose Leaf, we suggested this year would be a difficult one for the banking industry. Many argue that loan demand should increase as a result of these attractive rates for borrowers. What many banks struggle with is the ability to maintain appropriate liquidity necessary to fund new loans.