Thank second and me, Kate With you Stoehr, Welcome very Dave our Boege, much. to David quarter earnings Dykstra, are always, our our call. Counsel, General CFO. as
comments more results, Dykstra thoughts we'll taxes, comments the for to Dave about analysis over detail back regarding summary and our other Now as to some format, same expenses for turn and future, other usual, questions. of income, I'll for and time me general have give
You more know, it earnings XX find the we'll content we've pages. Hopefully reduced and streamlined It's been release. changed by and informative. of our format
If like see, note feel you additional to as or or free call us thoughts. to give a with please information, or your have a ideas improvements any you'd to
an based How the it I higher for the earnings, results is MSR credit balance Lincoln, the on a to play, summarized as write-down costs environment. quarter. say today. sheet the quarter stock we I And related rate the follows. additional was where could our going guess, onto was negatives, notwithstanding pretty core reasonable two can primarily Now three think Mrs. Strong loaded, back-end growth, The quarter. be credits, specific reasonable basically though to again
standpoint, of from had of with was 'XX. first numbers. $XX.X EPS earnings side. -- basically Year-to-date of year. the earning quarter $XXX quarter the second last Net X% even what million, the On we 'XX, the of quarter 'XX same quarter in second second Diluted down million, income basically
could $XXX take -- income from the of MSR net notwithstanding up Diluted pre X% basis, to out from to MSR $XXX million same, you million. adjustment up from $X.XX, the If a X% $X.XX year-to-date we're adjustments. EPS
dropped Net your during that the of the about there rest and I'll basis are quarter, talk interest statistics margin review. points X for
the provision mentioned, negatively provision, about hedging quarter almost after netting million, of overall game. additional million negative was MSR a $XX valuation when As later and -- by impacted little talking hedging discuss credit. a $X.X the a I'll out small additional adjustments
market adjustments As said net gains year-to-date the earlier X%. diluted $X.XX MSR fair value adjustment Disregarding these hedging opposed positive to as EPS over net and income to of previous pre-tax $XX.X of million million year-to-date, result negative as up would of we recorded the year. be I adjustments
over asset. we on hedging that mitigated -- quarter this have On this All on mortgage-backed statement. enterprise. four -- investment the statement goes through covers other times. portfolio equity income of statement balance although the discussed a strategy The by market the We recent adjustment. problem income did we the the rely one hedge to internal your securities loss the our sheet our more protect that in small hits partially actually negative on The place income calls this hedge is with while the equity
$X.XX. book negative by XXXX, valuation negative MSR that fall, value To rates to share September have point, XX, per since started tangible adjustments when impacted
equity securities sheet income the -- sides market and in our changes the share. through a value added per the balance through run of are However portfolio other $X.XX value of run are fair have which to which comprehensive book
see effective, as we current you served it to enterprise hedges can statement appropriate cost but to when overall strategy relates by value. continue We'll income well look are at and our
value securities at fair X market we do what raises market the ask percentage of MSRs value could You falls, rates in relationship the and fair times. when and same rise
more rate with this Our MSRs. decrement. in interest increase as Hope than deal covers low this to we position positive it which relates we GAAP how periods makes sense
income margin. day million asset interest income volume versus of quarter constant and Net X.XX%. interest in to one average our points $XXX X decreased eight funds quarter -- one one. yields quarter X.XX% where due increased the me. $X.X the holds increased Pardon in net FTE Net million growth interest FTE extra points. cost X.XX%, growth and to asset earning basis from at basis then Earning over
that to -- class, QX full million goes completed and aggressive the a include No new as two the this competition of this the sheet net and offering continue rates as $XXX recently that the sub rate in our roll debt rest point and The -- able interest good will thereafter, offering an growth. is will to basis for not due decreasing market quarter lowering month special cost to If good it to increase or funds offered should quickly nicely believe point income the special as -- we have we'll be environment Our be to basis this balance we our doubt expense. rate beyond of in additional can margin sub lowers or of because as aggressive debt X costs. assured added new you approximately possible Fed ahead and markets. as possible be
with We're presenting sorry, nice start as asset starting by with assets in starting respectively. $X.XX exceeded loans quarter head billion average third as ending are quarter start, $XXX we earning and loans nice in third two and quarter head the balances -- the million
forward. loan Pipeline QX be confidence strong consistently going achieved Our periods, that with single-digit us giving in growth loan rates high full-through pipelines can Board. constant remain prior remain the across
on from to increase this million mentioned, I some XXth. $XX.X $XXX quick business their as management X the assets in this to quarter administration steady detail, income go The $XX.XX our The Dave give go million, Dave concluded our revenues I efforts to in in report in as Wealth in mortgage through side, to $XXX,XXX billion remarks our billion. but efficiency and I expense and continuing ongoing other June will will through our detail, increased numbers other level give climb these categories. slow but big approximately in to want at high increased on of $XX.X Phase you total these project related the income area a want as
be direct Today, measures are It should we've be as percent decreases through our to to produce commissions of been of channel. as as points we're by quarter seeing has execute where basis date cost cost XX the consumer we accomplished lower. a full cut rather Further, channel broker of overall additional X Phase or continue revenue not add and we benefits volume our XX%. approximately but of saving are production the to cost in project around what additional expected in and will the noted, attempting marginal direct old our de-emphasizing emphasize consumer model, volume
month of XX% in volume is the to through channel example, a direct For year June, our earlier. the consumer opposed of XX% as
adjustments would area ending to our generally we were with Very of line to QX, overhead in in of balance consideration goals. If have X.X% MSR the after QX taking ratio are numbers the of compute XXXs. desired items. quarter -- been average on balances, close the into low as ratio X.XX% net line expenses The this opposed to the expectations certain seasonality our the disregarding year. was effects in Other in in overhead XXX was in net the
core or money now growth are to the to We have to always growth is year ago. we $X.X quarter, giving a taken what billion core The invest market good company. and total and side, of balance first to growth. We've get us, from $X.XXX XX% from advantage or XX.X% invest sheet the assets very billion increased It gives that us a company. takes the grow market what the
the year increased almost billion including in billion loans sale, held $X quarter, for Loans or ago. a XX% $X.X from not and
of $X.X billion year, over said, over for of is million acquisition the the As ago. in in year XX% during increase I responsible closed grew $XXX quarter ending which Bank quarter, quarter a Oak we XX.X% XX% growth. the year an assets growth. Oak XX% and of for were for a that loans approximately billion ago, held net Bank $X.X quarter this and of million Core $X.X loans versus $XXX billion sale accounted respectively.
back average QX with million balances to head of loaded 'XX for -- a quarter. start closer the the As was first -- $XXX as started exceeded end as average balances quarter-end year-end most mentioned, when of we of balances growth or
and As consistently translates XX%. quarter mentioned, respectively. XX% remained billion strong. percentage and loan pipeline has Deposits $XXX $X.XX year-over-year grew versus of into growth a and million That quarter
high loan-to-deposit a quarter the over XX% ratio the desired XX%. to XX%, return of range to end of above Our closing little our
Our Chicago better perform December last of Deferred to Exchange than anticipated. Corporation continues acquisition
last number above $X.X same last year we approximately process year Deposit $XXX The transaction balances back for million equal but at billion a end, of the were to to own year then. didn't X/XX bit year. tiny at was opposed million X/XX as when this period of them
We said diligently is salespeople new this being the year national period. as expand a seasonal the Working end hired to two business bellwether we always business to the recently have this squad.
credit. effect. specific construction $XX.X charge-off well elephant to $XX net and three reserve is loan The approximately provision owned little largest to the if credits, increased reserve applicable. the on a a million $XX.X we onto million to charge-offs million $XX.X with million provision the charge-offs as $X on a versus credits lessons had as The color Now room, of three in Provision these company. quarter in local $XX.X represent million. the related equity as million private million learned a -- $XX.XX bank increased for million provide participation credit $X.XX of
where lead, were -- us, -- of our this control and late been acceptable we have Excess we books fit firm are was be week, with the leverage been the need acceptable, not the scheduled equity we're loan The have business the to deals in control clear no not our reasons where be not has to PE acceptable -- should the of sponsors those learned, real if If not process had lesson they on loan books. off not private are we relationship this this our PE has do to collection info cleared. And especially should deals deals criteria. process.
but mean, we amount these relationships be we reason well at it, on performing opportunity. which credits, exit an I there. doesn't to we are, we are or books we'll their looking amount, really really immaterial three have if be -- being volumes where do all loan they immaterial do Fortunately, to have can't and of with our it -- of an By in control two first no these
in we largest specific our QX. placed reserves The Second commented in million a in close loan franchise calls. portfolio perform Charge provision continues in franchises The well. deal our was existence account. million. on of this approximately on was of to is this franchise remainder $X.X previously $X.X that the credit other scheduled affected contract to The
So learned really there's lesson no here.
Third credit related million premium resulted compensation increase a in workman's provision to charge-off a $X financed loan. commercial
on claims. charge-off They In confirmed. per been premium this amount the receiving is potential a and any Therefore, return payments to Our held insured, anticipate recovery. business. and on unconfirmed policies that a company-assumed look return return be capital making return and this which $XXX,XXX premiums payments insurance the for company good is by of the cannot They've coverage to instance, month. from viable loan premiums $XX,XXX between future
-- months out this materially the is XX recovery expected sorry, So credit. next a over material on
of points to up X.XX% in X.XX% of NPLs X.XX% or $XXX.X loans down one, NPAs are to numbers, and still million -- are $X one. million as $X low were to assets quarter recent quarter million respectable. total XX down our but compared X.X% basis at historical X.XX% compared as to million charge-offs $XXX.X Utility or from
very shape. in So from remain this good we perspective,
where increased You're yourselves credit these represent probably trend. asking a losses
not Although know appeared represents what never trend. quarter a we has this
recognize we be and credit as identify first under is always the our axiom are assets good forever. However, your lumps has to early, this been problem loss your take try We a best loss. that recognizing cannot it that
possible. We'll them As identify diligently of to monitor now, we correctly. expeditiously to as any and portfolio problem for clear assets accounted and our continue as think problems we recognize
will turn taxes. and to other color then income, Dave, going over I'm expense other on to Now provide who some
