[Music] John Maxwell had a great saying about this and it resonate I resonate so much about it. He said everything rises and falls on leadership because whether we like it or not, we all have to lead. To lead our siblings, we have to lead our families. We have to lead lead colleagues. We have to lead teams, lead our businesses.But most importantly, we need to lead ourselves. So what kind of a leader are you. You know, for me, my vision of leadership has always been this statue to this to the Filipinos.I don ...

Financial Data and Key Metrics Changes - The company reported a first quarter net income of $11 million, or $1.37 per share, representing a 13% increase from the fourth quarter and a 20% increase year-over-year [5] - Net interest margin (NIM) expanded for the fourth consecutive quarter to 0.91%, with return on assets (ROA) increasing by 17 basis points to 1.29% [5][14] - Loans grew by $29.1 million in the first quarter, approximately 4% annualized, with a guidance of 4% to 6% loan growth for 2025 [6][17] - Deposits increased at a 7% annualized rate, with non-interest bearing deposits making up 27% of total deposits [7][21] Business Line Data and Key Metrics Changes - Non-interest income for the first quarter was $4 million, an increase of $400,000 compared to the prior quarter, driven by a 100% increase in SBA loan sales [24] - Non-interest expense decreased by $776,000 to $21.6 million, primarily due to a decline in compensation and benefits [25] Market Data and Key Metrics Changes - The company has seen a stable loan yield of 6.43%, with a slight increase in earning asset yields expected due to new loan originations [40][23] - The cost of interest-bearing deposits declined by 15 basis points in Q1, with a significant reduction in the cost of CDs [20] Company Strategy and Development Direction - The company continues to optimize its Houston market, with plans to upgrade and expand its physical footprint [8] - A new 400,000 share repurchase plan was approved by the board, indicating confidence in the company's intrinsic value [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform despite recent economic volatility, maintaining a strong track record [12] - The outlook for NIM and earnings is positive, with expectations for continued expansion even without rate cuts [13] Other Important Information - The allowance for loan loss ratio remained stable at 1.21%, with net charge-offs at less than one basis point annualized [18][20] - The company has a strong capital position, with tangible book value per share growing at a 7% annualized rate since 2019 [28] Q&A Session Summary Question: What are the expectations for margin improvement after Q1? - Management indicated that they expect a slowdown in profit costs in Q2, with a stable NIM anticipated despite potential rate cuts [36][38] Question: Can you discuss the loan relationships that moved to non-accrual? - Management highlighted two problematic loans, one in Mississippi related to condominium development and another a hotel undergoing renovations in Houston [44][47] Question: What is the status of the office portfolio and any recent maturities? - The office portfolio has performed well, with most matured loans renewing without significant movement [52] Question: Will CD pricing change this quarter? - Management expects CD rates to remain slightly elevated but anticipates a marginal reduction in costs over the next quarter [56] Question: Will the loan-to-deposit ratio change over time? - Management believes the loan-to-deposit ratio will remain tight until there is a noticeable decrease in loan demand [59] Question: How aggressive will the company be with share repurchases? - Management indicated that while they may not be as aggressive as in Q1, they will continue to repurchase shares when opportunities arise [70]