• Financial markets saw a market correction followed by modest growth – our team still believes that we will see a 2018 total return within range of our initial expectation of 10%.

• The U.S. economy remains strong with key indicators suggesting continued expansion.

• Low long-term rates will help to keep real estate loan production going but are not such a welcome sign for the banks.

• Sacramento Region Banks saw first-quarter loan growth in line with past years, though Sacramento Region Credit Unions fell short.