Group 1 - The company continues to grow its regular loan book and off-balance sheet business, including letters of credit and acceptances [1] - The investment approach focuses on operational aspects and long-term earnings power rather than market-driven dynamics [1] - The majority of investment calls are holds, indicating a cautious approach to market conditions and emphasizing the importance of skepticism in a bullish market [1] Group 2 - The analyst has a beneficial long position in the shares of BLX, indicating confidence in the company's performance [2] - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [2]