I us from And Jeff. like items today. joining you, I start Thank would for by to would like release. on everyone to also earnings the five touching thank
borrowing of increased the mix funding experienced mentioned, due quarter to deposit costs. deposits we well shift Jeff as as during as increased betas and First, a costs
XX last compared decreased to quarter. points Reported margin of X.XX% basis
and of basis XX increased points liabilities to X.XX%. to Asset increased XX by the cost X.XX% basis points interest-bearing yields
the for Our XX% interest-bearing deposit beta was quarter. cycle-to-date
in fourth of funds, benefit up of the X.XX%, the XXXX. quarter cost from was non-interest-bearing including of deposits X% Our
position. discuss liquidity Second, and to I would funding our like
decreased $XX.X deposits During the by million. quarter,
the during $XXX which during million of the quarter, deposit expected quarter, decreased inflows we during saw certain March. of $XX.X occurred month saw million outflows of million the of deposits we While month Non-interest-bearing the net during $XX.X March.
XX, XX.X% non-interest-bearing December compared deposits XX. at deposits March of As of to represented XX.X%
broker X.X% $XXX total represented by million deposits public to During collateralized as of and to $XX the accounts of XX, end accounts adjusted billion represented and quarter. of and trust At which of million, grew totaled $X.X deposits total the exclude quarter, uninsured deposits deposits. fund deposit internal March XX.X% the
was XX, subsidiaries committed capacity $X.X which its billion and of at corporation had available. borrowing March The $X.X of billion
also uncommitted the $XXX $XXX quarter, correspondent funding from million which the of unused. sources We maintained banks million end of was of as of
quarter, Third, credit recorded losses during million. $X.X we provision of the for a
X.XX% quarter million, March Net which to million reserve XX million Our as specific of $X.X coverage relationship, related one at ratio $X.X compared totaled for X.XX% XX. December at was charge-offs had the XX. to which of $X.X December a
we During in in the and reduction a quarter, saw criticized non-performing a assets loans. and classified and stability delinquencies
management revenue, or from we first in and volatility wealth volume. to assets business due corresponding supervision mortgage due by gain continued compared driven increased of quarter $XXX,XXX our the decreased to interest banking XXXX income income pressure sale and refinance as non-interest decrease Fourth, rates reduced reduced saw management on X.X% under on and to market the
$XXX,XXX income, $XXX,XXX was contingent a quarter. which the by primarily decreases in million for these income, which insurance fee increase increase in current totaled a Offsetting driven commission $X.X was and
of recognized the a reminder, the year. in contingent quarter income As first is largely
the new Maryland, FDIC into items, increased loan compensation PA costs plan production, to into including million increased effect our Western $X.X compared rate increased X. on reduced to four and expense lower XXXX. of quarter the non-interest assessment million or that related to and X.X% first This due $X.X retirement expansion capitalized Fifth, includes to went expense due January specific
increased non-interest these X.X%. expense $X.X Excluding or million items,
I to straightforward, remainder earnings was release now would I like the provide believe our an of the and XXXX update guidance. to
quarter's of to XXXX. for on growth to XX% call, had loan guided XX% First, last I
that rising funding the pricing loan expectation costs growth. slower growth discipline our to to are in and contemplation decreasing will we expect X% We X%. loan of loan result Therefore,
deposit environment We a point net inherently expect the interest approximately end on XX beta X% of net current the increase in deposit XX% of on result non-interest-bearing cycle-to-date income. this X% year in the in in could a mix the mix range. maintaining growth volatile impact and information. to have interest material May, for assumes by basis to and current a based are XX% approximately and This the betas actual a income year Deposit interest-bearing of our
on last of of to call, will we performance provision specific of portfolio losses, continue the reduced assumptions XXXX credits, guidance million quarter's I to the for for related million million on economic provided to our $XX in Second, be growth $XX based had driven, including expect for million while $XX credit provision the loan changes the expectations. credit $XX including growth, our provision and event loan
guidance non-interest unchanged. to X% remains growth our of X% Third, income
As a death the is X% reminder, of the $XX.X million, BOLI excludes off benefits. which to $XXX,XXX base XXXX X% of
expense our at X%. Fourth, X% non-interest to unchanged remains growth guidance
by our benefit various is of to to our original those have expected compensation initiatives loan capitalized guidance reduced reduction offset largely be the due production. we initiatives reduced expense While underway, compared to
taxes, we be as rate off based effective it our rates. XX.X% approximately to current statutory income expect tax of to relates to XX% Lastly,
While and provide to stability base coupled is we characteristics deposit the tumultuous the strong a it our of with current foundation environment. time position the navigate and liquidity, us for industry, effectively the with certainly believe our available capital
my concludes prepared remarks. That
questions. will be Candice, answer would question-and-answer to any please begin happy We session? you the
