The board takes its deliberations regarding tuition very seriously. Although we regret having to raise tuition, it is necessary in order to meet rising costs and to address quality issues. |
The man is truly an outstanding individual with unparalleled leadership. |
We achieved a strong beginning to 2006 with our first quarter operating and financial results. Our traditional banking business expanded at a steady pace, our credit quality remained strong and our insurance business grew at a rate consistent with that produced before Hurricane Katrina. |
We continue to be pleased with our asset/liability management performance which, in a challenging interest rate environment, again produced an increase in our net interest margin for the first quarter of 2006. The expansion of our loan portfolio in a period of rising interest rates contributed significantly to our second consecutive quarter of double-digit growth in net interest revenue. |