Thank turn have afternoon, earnings Welcome Dykstra, time over comments general back our call. and expenses usual; do, Dave Kate and quarter and thoughts to With future Operating we have to income, Dave for What Counsel; Boege, results we'll more about some comments Chief and for as on you. taxes, other I'll are of the year-to-date. Dave detailed the summary everybody. give some our the regarding Good for then CFO. results, questions analysis format third Stoehr, our the General some me, other quarter financial as our to for our Officer; me always, a same and
able $X.X other; and each historically we returned expenses. Record organic offset numbers; million about environment, can FDIC effectively quarterly again; that basically pressures general, MSR rate to margin metrics results being by credit income as due sheet of In adjustment, to and be offset acquisition-related the to low mortgage growth; be strong summarized to refund that and balance sheet pre-tax earnings, and million quarter follows: say nice very net balance strong growth; interest each had the valuation one-timers $X the
X%; close year-to-date the share could quarter a $XX.X same on per year, was be up to that's million -- income Net for said earnings for million the the $XXX to up last have but from $X.XX basis, for last the and we $X.XX then $X.XX credit quarter some side. on extra to to charges generally quarter, XX% the $X.XX compared for included quarter, compared
pre-MSR and the valuation income earnings we're Looking XX% per adjustments, at up we're up quarter year in that X%; same share. for the
the to and look project we for. always close double-digit growth that So earnings that we
was equity XX.XX%. XX.XX%. X.XX%. on equity Return of Return on tangible on Return about up assets
X.XX% net ratio fee side. we and quarter balance considering to environment that net a overhead Now drop XX the dropped basically headwinds income pretty to All-in-all, growth in interest offset due drop basis the rate and the sheet point That mortgage margin. on the the had. good
today, fell Interest earning out XX XX ratio asset X The free basis funds as And basis a yields for was held X basis yields fell the points, fell sale basis basis NIM while points. XX pointed been basis liquidity basis margin points of positive net management only has yields fell points. XX points. frequently expense was points. Loans point. XX fell with Loan
in liquidity to was duration longer-term portfolio underway longer-term quarter yields increase drop in by well forward; due $XXX during the to the to Investing management that in X.X the be increase assist liquidity assets had This these management quarter. we securities, securities doing as from liquidity the X.X as going management we're the of The in assets at of part yet drop the into the invested evidenced end million speak. contribution margin this years the will years. average
so range, to just maintain It's deposit our to XX% ratio there. some prior management liquidity assets, have at in XX.X%, also six-year loan is XX% our we Our duration desired falling down but resulted to our in opportunity goal the barely into from in approximate XX% quarter.
our quarter, month flat run basis points from X increased but the expense deposit rate. front expense interest June the of On in
our and decrease deposit decrease aggressively base. working funds As on to to actively We're cost rates. you time this deposit know, it do and of takes the
lot there's here opportunity of So a also.
this was what prime, but in your LIBOR plus it's rates don't $XXX hard to Consumers million funding in interest-bearing about we but know X was a basis liabilities funding cost move feel moves deposit can was of and by basis fall, get you of our environment, quarter we Overall increased, competitive Deposit points. full is. which until where good X offset lower up in funds, decreases. are. cost LIBOR pretty points, other sub-debt,
management. eat liquidity $X.X net our On I the made cost quarter we of today, I up -- about the decrease front, way, through by in grow, somebody I the income usually the the believe and income eat million feel by are $X.X telling net and very good can million. made interest very interest only net of lower where funds, interest about investments to margin, we that now. And we that’s right feel was as lower we good we we of cost continue can't
depending forward, would by environment, way. Going on rate the appreciated, rate the further not be cuts
decreased under management to our liquidity securities, we be to ability the yielding to deploy margin cutting higher deposit, assets, cost aggressive the due expect pressure where We can.
approximately growth, We're will later. total Bank on deals, $XXX more closing add the Countryside assets this of organic additional franchise growth. Net income of interest and above a deal grow STC additional million as the which should and result organic loan
influenced remarks. income detail reviewing was like Obviously, expense other in bit level be these mortgage quarter results. provide and I'd a some high to areas side, the by greatly other banking The later; will Dave
our diversified the If internal you businesses that very have. have business model model, hedges a you know in with know we that we
integral know that it's people think and to our working But of what part fall get regard. go considered anticipated. while margin mortgage and part When of I and is do rates And it's take and mortgages mortgages we be a core. of that volatile we cover, this too there. lot overall away squared the we off a the in as is from our management -- business an working
they new we a quickly. were turn remain Being can aggressive growth and the basically apply mortgage our hour mortgage rates quarter strong a little and we in fourth a online, on expect results very able first then have for where We to are. strong the person in over an product, the hopefully relatively it quarter around and in and side,
So we believe and it's advertising is working as us is anticipated. good -- are just this we that for thing we and a
margin. X.XX%, resulted to experienced. as increase with Other overhead expenses credit increased quarter, when on one basis the pretty the the in said and prior Other with good line quarter I return offset, consistent point the XX historical we coupled increased considers in norms in were I net drop business. commissions we're cost in think, earlier, record that, to shape. This than The ratio fell the mortgage basically
onetimers, MSR valuation very, I insurance add we the as one to net If refunds, $X.X negative we'll that look back one our as growth FDI first our million adjustments omit we exceeded of objective, double-digit quarter blip acquisition-related MSR expenses. to credit year, were forward Onetimers soon. as achieving to to valuation where after-tax milestone for well and said second earlier, despite earnings of -- very If the were included those the adjustments the that we offsetting be were quarter experience close $XXX achieving to million. those We had.
quarter. we our in continued strong growth On the balance side, balance the sheet sheet
-- always end the quarter, to start in at things we up average of in from but the that to great up ending we with the due we up $X.X seem start assets with fourth were were Loans fourth book XX, were billion. $XX $X.X head the a Average always good XX forward. million a -- issues billion $XXX Assets head billion. quarter, for to start $XXX the -- earning going almost million
of $XXX and the after were up Deposits cost expense will quarter million also occurred almost our over funds in billion. $X.X that help overall brokered in returning That's us that funds. during
Loan ratio made XX to And were I the those. this were at XX.X%, quarter. our $X.X about up points, basis of up average, we investments on talked liquidity pick said. we're of as have management and but deposit through They investment down yield already billion. So some that deposits the expect making the and I
we're Pipelines, loan premium bit. million. finance commercial C&I, We million, million consistent other with We On commercial, $XX sell. million. relatively deals, the every pipelines. across that's still quarter basically, lot $XXX quarter loan we've companies last have residential a growth And but to $XXX institutions Insurance portfolio is good estate little a loans lost down side, good grew $XX and We're flat, maybe board. is of out real going only our booking seeing had.
of most the leveraged seeing into transactions credit In we – them we the four go dividend and appetite. a but and or recaps highly we're of recaps to past more three our money don't fit people out where quarters, lot deposit companies don't Finco relationship, taking that retain
start We loan had, we've at the consistent this So, four paydowns are growth million front all quarters. loaded. look last again to what start fourth if the head the $XXX over numbers, as you back-end numbers quarter close the the of the quarter was on
remain consistently strong. pipelines Our
We loans regard. – expect in prior the with statements area that to our growing single-digit percentage continue wise, single-digit in consistent
as credit any as said past. at in outstandings. of stood past. sort recent of low it's time we This assets; non-performing credit is as for norms. total which recent X.XX% On as XX basis the of assets, they've mentioned, decreased in return to points metrics side, historical NPLs Same as been total low again, in been thing,
reserved discussed $X of for. was credits had related They to of charges last the $X that charge-offs we million million, The been three included quarter.
behind are these now. So the to and declare all. quarter were on us for closed Charge-offs bad the for, total in average of there them I and basis the so year particular XX in that points assets loans. issue good returns previous provided quarter
a number We that of we're comfortable expect forward going have we that with.
who for them is basis pull to will of there the and continue We out as problems they mighty's get number use credits, a problem still anything. expeditious there become portfolio before on looking
So, we quickly. find can new – relatively they when to somebody a home leave we ask
income, that, Dave other over other about turn With expense going taxes. to to and I'm it talk to and
