Good I Steven. us you today. morning you, appreciate everyone. joining Thank
forward-looking aware, we the going this report you’re review items, earlier As all going is I’ll morning, we and some the we’ll open second to then relative of comments this Ron in morning, have Nicolas our of through take Safe that few for I’d quarter released details, you XXXX. to walk up the I’m read a of and the also to call all encourage look a earnings of notable note financial the to through statement earnings our the questions. Harbor to release those. and
while delivering financial this quarter standpoint. announced acquisition plate when a Earlier second the from solid we made our year, our on execution the putting Grandpoint, and we on were we challenging that priorities team we a lot knew of progress results. During strategic significant number of an
already year result, on a we and our key a delivered how with it’s have As pleased initiatives. I’m been busy
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of loan existing a new quarter, similar net the level lower CRE and production. payoffs However, was of impacted heightened negatively growth level to our CRE by loan our overall first a within portfolio
we Given to was moderate these as growth the portfolios move prudent the it of believed we CRE concentration toward at Grandpoint, closing.
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total costs. pricing good From increasing X.X% pressure see deposits, we a customer saw remaining mix a With past some branch on years. of the almost in and and Looking retail larger expansion deposit CD network the standpoint, at are second deposit few to seeing retail To function of up continue a annualized with deposits is deposits we pressure our extent costs. on consistent. base we this relatively over our inflow quarter
but believe their liquidity They is provide of posted to in will are had and have Prior top one and product clients to we this flow believe of group to expertise our requests addition across in we the are efforts. business we excess rates closing that knowledge team a the our our deposits industries priorities coming deposit niche be business our the Managing money the group acquisition to capabilities. steady personnel from of with added deposits valuable board in not from will and low their of cost raised the deposits. rates getting a specialty generator we Additionally on increase Grandpoint market already helpful net depositors looking cost development be years. the we expand for this product
We’ve a with believe clients. the ahead, the our opportunities of we many enhance put great of first and Looking work of build of exceptionally have added bankers through to client we’ve these and year will attractive our a during in in that lot Grandpoint a base good foundation relationships the team we further strong expand of value franchise. to half
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Given we operating have we in that fully cross of to are better largely leverage that $XX completed and more asset required investments threshold, institutions going absorb position the billion greater realize forward. costs the those
will on we more power stronger believe we synergies Grandpoint exciting and our franchise fully expanded believe we have become as and our today West once markets a I built the more the we XXXX. growing have opportunities franchise. from footprint to transaction, than this the We’ve entered continue at enter Coast of for acquisitive both we were clear year we the addition are new integrate that the and organic growth. opportunities and bank the beginning of provide that we earnings realize In
consistently byproducts the having of we have acquisitions the of years One eight course processes. over completed our improved of M&A is that XX
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to Our provide advantage future. continue team bit we to that second competency performs on intend in detail little an Ron? the quarter that call over and core to leveraging Ron it’s at to going competitive level a and I’m our results. the turn With elite more a
