| Dependent Variable | NPL Ratio | |||
| Fixed Effects | Random Effects | Fixed Effects | Random Effects | |
| SND ratio (t − 1) | −0.342** | −0.345** | −0.340** | −0.343** |
| (−8.511) | (−8.542) | (−8.275) | (−8.302) | |
| ROA | −0.413** | −0.417** | −0.419** | −0.422** |
| (−13.140) | (−13.316) | (−13.350) | (−13.542) | |
| Cash ratio | 0.009 | 0.010 | 0.007 | 0.008 |
| (1.447) | (1.688) | (1.166) | (1.393) | |
| Capital ratio | 0.339** | 0.342** | 0.319** | 0.321** |
| (9.436) | (9.452) | (8.270) | (8.280) | |
| Deposit ratio | −0.006** | −0.006** | ||
| (−2.656) | (−2.718) | |||
| Market share | 0.001** | 0.001** | ||
| (2.697) | (2.701) | |||
| Observations | 1617 | 1617 | ||
| F test (p-value) | 0.000 | 0.000 | ||
| Hausman test (p-value) | 0.143 | 0.334 | ||
| Adjusted R-squared | 0.238 | 0.246 | ||