John Guedry Quotes
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Even though our new lending group, along with the hiring of other seasoned personnel, increased our operating expenses slightly, our efficiency ratio for the quarter remained strong.
- John Guedry
Loan growth and strong net-interest margins continue to be the engines that drive our profitability. With fairly low cost of funds and a net-interest margin that grew to over 6 percent at the end of the quarter, our spreads are yielding very healthy returns to our bottom line. Even with the steady climb in short-term interest rates by the Federal Reserve Bank over the last 18 months, our loan pipeline remains very strong with over $100 million in pending applications.
- John Guedry