Thanks, Mariner.
was a was million, favorably a interest by impact linked-quarter quarter. $XXX.X X.X% representing interest For partially strong and increase were income of deposit costs. on extra Net the day second basis. impacted growth interest-bearing benefits net loan an These higher during quarter, the income the by offset
portfolio by The benefit first increase loan an the points payoffs quarter yield new yields. the by on as quarter, loan our earning by assets which from increased X from higher-yielding balances, in in average basis a fees. of and This lower loan X the was offset points driven was AFS basis equally X.XX% were of offset yields reduction for decrease volume
quarter. We experienced increased this The just than some slightly liabilities in linked-quarter points cost so points basis X on to the of rose of DDA points costs an the X our funding lower the basis of of XX increase interest-bearing in rate basis far. compared increasing X basis the deceleration a increase aided prior points, balances. cost basis quarter and by funds reported The total by peers in
basis offset deposits. remained in earning asset our Cycle-to-date, asset money decreased a market DDA has yield by a for XX% cumulative and beta. as points deposits XXX X.XX% balances time linked-quarter total on Average to expanded flat growth basis was partially
rose cost X.XX% beta. basis During for of from total same to XX points the cumulative a period, XX% our X.XX% funds
for in X borrowing reduction one rates by with point in average driven the included combination loan decrease pricing, the from basis impacted X.XX%, deployment basis the from basis Negative and X prior the from and X-month the spreads point approximately quarter. fees a points in the basis excess of each part and X changes additional X cost, loan reinvestment DDA accretive day deposit basis mix LIBOR quarter benefit points basis down of approximately from margin AFS by Net from points from point in point the portfolio was liquidity, along interest X changes Margin basis X levels, of X and of growth. quarter. was higher the positively in offsets a
we year. XX and include and Our to outlook one July internal contribute the point now January economic basis cut rate Bloomberg of in in one forecast next
flows duration maturities with extend portfolio, securities into to our reinvesting interest longer-dated cash We strategy mitigate rate in with continued to call protection bonds risk. our
While we're flows come our relative basis roll-offs, at about yields quarter accretive given since XX to cash have fourth shape the the points still down yields buy curve. investing the of
side, quarter portfolio LIBOR our XX the and impacts is contracted This target has relief approximately XX% one on with Since closely end, month points. of the aligned an basis pricing effective to deposit additional more rates. loan on which Fed Fed the little
the on loan the downward announced will pressure yields. million $XX weeks previously put the we factoring higher-yielding exit in expected loans in of Additionally, coming identified
to We interest dynamics third net than impact more expect quarter margin these subsequent quarters.
expect of XXXX. mentioned. related of of will another compression would be date level these about points to to ease a moderate X points the Approximately is from basis subsequent the that campaign of To the each basis anticipated of we on deposit we basis X without our that compression. at expect rate as as down expect NIM margin factoring note X our XX relief exit cut. on likely XX wouldn't to today's this some basis to and XXXX I will remainder additional in Based points rate I cut. cut even interest-bearing through balance, market interest costs clear, money net compression rate we However, to assumptions, be mid-September, the pricing, of deposit compression anniversary X we points July be
our of Of trust potential funding. loan outcome sheet need business the the course, as variety at growth, will which and aviation for NIM on moves, depend in the variability ultimate for a our factors pace balance and overall such LIBOR mix
market the Without in to on income press the the and and COLI discussed some are impact the seeing on fee the investments income. in discussed opportunities drivers on valuations sold Slides securities shown of detail fee lower of linked $X.X on quarters, both slides XX. back losses in Mariner income quarter. the Moving we're increased already statement. in in XX the swing gains More our million the from release, specific and or
second which on a million Slide quarterly in quarter, a drivers XX expense, increase X.X% linked-quarter detailed the contains noninterest $XXX.X for of was the changes basis.
and for can product We technology each bit of increases development expense in million projects $X.X move multiple business be expense lumpy a and Expenses to and quarter. and legal consulting million around had initiatives. these $X.X in related
businesses. our $X.X in volume deferred from reduction trading and fees and bond performance-based expense Trust the including expense Corporate These categories offset compensation or quarter, of items by expenses and commissions, million first nature decreased Salary related correlate and activities. processing bonus commission tend our in Several are to variable and and driven payroll expense particularly Bankcard the expense, compensation, a with taxes benefits revenue-based additional in to were offset the increased for I largely and lower mentioned. by bonus partially income COLI
quarter. Finally, our the XX.X% effective was for tax second rate
our XX%. For XX% tax rate the be expect full year between to XXXX, we and
back turn concludes That operator the our it to begin over of now the Q&A remarks, call. portion to prepared and I'll the
