like think start joining like growth our also trend we off consistent of us would by I today. thank to And I performance. Jeff. everyone financial you, and positive earnings continued saying for to I'd Thank
per of return return Through we equity $X.XX average on earnings months of assets XX.XX%, no or with unusual first on of the Jeff X.XX%, tangible the on XXXX, achieved XX.XX%. non-recurring share reported a of items. and for return quarter we six mentioned, As of average equity
two to the like now release. from items touch earnings would I on
highlighted, Jeff growth compared period net to first for a the to average interest loan months relatively is as same First, income margin. in flat of net XXXX up strong XXXX and interest due XX.X% the six
the core interest points first basis NIM the X.XX% quarter, quarter core X driven of net Our to It by margin note approximately from growth for deposit X which by that second liquidity, is in impacted basis excess decreased important quarter. the strong X.XX% was negatively points. during
net to decrease core margin points of quarter. Excluding when a basis the liquidity, of was X.XX%, impact X interest compared excess the first
the decrease X margin basis experienced point would of Prime X.XX% reduction quarter that negative points We plus points would month. to second third rate includes short-term anticipated rates similar X the interest compress compression and anticipate quarter, core to in in a approximately basis of rate the This this the net current at range the in LIBOR a impact for X.XX%. XX basis later to
the fourth Due we cost further absent flatten core decreases. in quarter, the to abatement, recent expect to NIM deposit out any of rate Prime do signs
continued to to our expected, decline ratio as compared Second, year. prior efficiency the as
in XXXX's months XXXX from Excluding six XX, increased total the XXXX. non-interest by same June for charges, ended the restructuring X.X% period expense
in When charges, declined our combining and XX.X% excluding significant to revenue expense restructuring XXXX. discipline, ratio, efficiency XX.X% growth year-to-date continued from
quarter include year. of team associated expense year-to-date XXXX eight-person $XXX,XXX approximately It the the York with counties during non-interest be the of noted expense first should Lancaster hiring and numbers also in that
lending includes the X.X% restructuring we to $XXX expense which translates teams X.X% of of the expense to As it have year. non-interest relates full million the to for incremental year. non-interest I $XXX like excluding charges in investments we to made would XXXX, remind that to expect year million, that This everybody during of XXXX growth the
for I income. was remaining particularly related believe to items, non-interest straightforward the press the release
prepared it that And, is my accordingly, remarks. for
answer We will questions. will to the question-and-answer be session? happy Operator, begin any you please
