Good Thank appreciate morning, you Alison. joining I everyone. you, us today.
over As morning, financial $X.XX then to the we net going we includes share, increase to priorities first the franchise and In years the our on or earnings aware, generated $XXX,XXX details, quarter, disciplined the merger-related we notable The earlier and earnings some a Nicholas past walk strategic million all XXXX. call for the is per Ron to few our of $XX.X team strengthen power. remains the expense. first you in which executing of report of have protecting we income up quarter few of average we'll and going through review open strengthening return items. released are we returns. our efficiencies, questions. I'd Safe quarter our the the on quarter, have tangible began profitably growing of I'm level this also return solid to of a that is a and morning, This X.XX%, our In net that margin, approach and namely, and company. release of to what equity common We the encourage and XX.XX%. first through operating assets drives interest of year on look generated read our superior average you the in statement a comments, accomplished earnings reflects to I'll of relative take what Harbor a with the those. this note the forward-looking all
our growth management remains sheet key rates. to in factor approach balance Our a
giving as economic loans of the the year we the XXXX. began duration cycle, an current we First, the being are in that mid of we XXth in enter business expansion are selective generating,
growth for inflows see growth prudent cost loan loan of our moderate to core deposits. maintain to until competitive our be we growth. stronger market core to deposit line in we seek we feel deposits, Since the with continues Second, it's lower
quarter Additionally, the typically period first slower a seasonally production. is loan for
to had of a contributed past So, we lower these few originations than loan the level factors quarters. over
discipline However, in this risk-adjusted yields we reflected in million of This in $XX the provide continued and points was loan million quarter our and is non-core basis franchise management average prudent that rate occupied temper SBA net XX which X.XX%, which loan us production loans of in prior categories. to mix C&I $XX loans the loan included This $XXX origination from loans, approach balance construction margin. enabled loans, pricing. CRE interest interest production around originate up to $XX loan loan protect the owner organization's sheet quarter, on quarter, and reflects loans. of million this our million attractive actively to has
total loss assets. in and to and our net mitigation proactive basis are our average points our metrics of one quality exceptionally cash loans point were portfolio less XX underwriting standards, of active low our our loss charge-offs are solid than tactics. again, basis owing the asset Our flow remains experience NPAs management quarter and Once
which to won loan franchise due with Although, status, specific we had to $X.X nonperforming borrower. million moved the circumstances were
portfolio seeing the the within in an within degradation franchise We are segments. flows other portfolio trends not negative cash our overall or loan or
ago The over for DFAST billion heightened our preparation with complying banks Our two compliance when and teams progress begins years in have reporting made over implementing expectations testing and in full work CECL began assets. regulatory with $XX be conjunction in will year. meeting good we on stress next the for
across We and the portfolios. are refinement our toward modeling working validating further and of methodologies our assumptions loss
year. models run to We expect later start parallel this to
were quarter past two branch as well over consolidations seasonal impacted first by quarters. growth the as During deposit the rates factors
branches. depository heightened saw particular of deposits. our the five current quarter core in fourth of Two quarter Our specialty in impacted XXXX three group level of deposit while also the outflows, in and consolidation the
that of we lead we which number this acquisition as connection The of with developing ongoing stronger as them was to a XXXX. deposit expect have deposits income higher half expect formed We the provide we fee growth will in in specialty Grandpoint group, projects year. incremental growth back move planned, well is as rates, through and to as the
drive continued sales of efforts, business an development our our This We with information client provides the that deployment to tool improve experience. important and superior organization. refine overall helps force within more critical and employees effective
developed the are software line bank into Additionally, utilized API-compatible to nationwide Data in management many provides a This for HOA management namely system build Vault, business we making HOA investments which advantage HOA leverage space. competitive by deposit we've of the our technology integrates accounting the and upon companies. the
us build Over of we growth on this we our in this banking rollout this to year. time, As expect to our is to our add for later capabilities area, API franchise. expected to meaningful expand opportunities provide technology
can continue generate earnings returns. we expect we to ahead, Looking strong and
loan proactive management. foundation attractive risk production the focused loan with of credit while fundamental remains Our on generating maintaining yields, strategy commitments risk-adjusted
rate interest loan long-lasting approach, our relationships. net deposits by remain pricing owing should stable Our and margin client generating core lower through environments, in most interest cost to
this to positively And We continues $XX.X and leverage at grow is is size and have billion. to returns. operating effort it profitability the made bank our significant platform to which providing impact efficiencies, the today
We capital flexibility in see strategic for provides to value criteria and strength interesting need potential but which our acquisitions, being we our all disciplined and opportunities, pricing our remain financially The approach continued around management. adding earnings meet you us evaluating to acquisition attractive. to in will
strong deploy during continued company balanced repurchase not options a return did to deliver capital total the for any our effectively review and shares to The shareholders. our We quarter. to
structure capital results. to quarter ratios. to However, maximize to more going we Ron little on our provide the to turn With continue to call regulatory alternatives assess to various our capital that, our optimize detail a first I'm and over