John Guedry
John Guedry
along efficiency expenses hiring increased lending operating quarter ratio remained though
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.
bank bottom climb continue cost drive engines fairly federal funds grew growth healthy interest last loan low margins million percent pipeline rates remains reserve returns steady strong
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.
area company continued enjoy fourth growth last quality quarter throughout virtually
We continued to enjoy quality growth in virtually every area of the company during the fourth quarter and throughout all of last year.
business customers developed falling goes greater guaranteed higher highly innovative interest lending market money net offer owners prime product provide rate rates returns rising time view worth
We have developed what we view as an innovative deposit product that will offer higher net worth individuals and business owners greater returns on their deposits. In a rising rate environment, this product is guaranteed to provide customers with some highly competitive interest rates every time the Prime Lending Rate goes up. Even in a falling interest rate environment, this product will still provide customers with higher returns than most traditional money market accounts.