In its recent financial update, the company announced a rise in first-quarter revenue, reaching $7.792 million, compared to $7.544 million in the same period last year. This increase is attributed to the company's solid credit quality and an enhancement in its net interest margin.
Despite a deceleration in loan demand, the company remains hopeful about further improvements in its net interest margin as loans and securities are re-priced. The firm's leadership reassures stakeholders of its robust capital and liquidity position, affirming readiness to meet customer requirements effectively.
