Good I Rocco. us you today. morning, you, appreciate everyone. joining Thank
all our we the you aware, As are released of earlier second XXXX earnings this morning. quarter for report
with published updated our also performance. and have We financial investor presentation disclosures additional an on information
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environment. solid We delivered of quarter another a results challenging in
focus proactive Our our prudent with growth. risk, management capital performance balanced disciplined liquidity and profitable reflects on and
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end, beginning and accumulation rates, XXXX, our commitment liquidity, of intentionally approach aligned we in strategically This is liquidity our growth risk to prioritized with hedging long-standing leverage moderating capital our and rate management. sources additional early by interest disciplined positioning that to To organization if risk needed.
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times stable and paramount Obviously, dislocation. liquidity are of stress in and funding
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enabled This of basis the of deposits pricing just our the organization non-maturity relationships second for us and of deposit in cost quality The points XX maintain resulted the quarter. practices. client disciplined trust our in to average
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of X.XX% at for basis the funds March XX.X%. XXXX, We now return return and assets of uncertainty producing solid results returns produced on the per impact and points the macroeconomic of our share generated increases equity rate of average Looking and earnings XXX on a Fed tangible $X.XX of despite a common second of since quarter.
XX.XX%, capital to basis the ratio tangible accumulation and points our equity We XX during and continue X.XX% CETX increased common XX second respectively. ratios total risk-based to capital as quarter to XX.XX% quarter prioritize increased second our and and
at second client of June we total uninsured half quarter, expanded deposits to During relationships uncollateralized the of back as decreased XX. deposits and the XX% new
uninsured the to ratio of over liquidity coverage consisted end-of-quarter billion cash $X.X of deposits. unused and of approximately equated nearly capacity, billion borrowing Our $X.X of $XX billion of Xx which
around paying down tax average clients May. payments higher liquidity, particularly as seasonality seeking to declined returns a the the in the in prepaying part as During Bank market, First for non-maturity excess Republic to deposits after ongoing the failure and, in early lesser or extent, second well quarter, uncertainty due loans
the flows have deposit July reversed and Notably, decline the growing since in far. deposit with thus early the balances quarter later these in and balances the in part quarter, continuing of was through concentrated
Our relationship-based as length commercial business XX.X long-tenured the is, consumer of reflected model is our our years. client in and average, relationships banking base on
supported industry. new Our client retaining continued in given the on opportunities to focus and by disruptions expanding relationships clients, gain was
and are as attractive remain business development opportunities by we posture trust high-quality new in managing division encouraged PPT well banking and openings to add number relative deposit clients. size core to in relationships Although of costs we a our initiatives expand we commercial to of our as a account ongoing new in relationships. our increased, The defensive funding flows, seeing client are
During the a our our due and actions contracted quarter, loan to in level further demand, second tighten to portfolio standards of both multifamily, lower CRE with along raise pricing. and loan particularly underwriting
real remain the the has commercial committed of reaching CRE exhibiting loans markets, decreased, that at of and originating to concentration levels estate highest stresses. acquisition level Opus to a the while of our meet clients service since lowest Although in very return little focused providing high on continues our steadily remains level, our level within risk-adjusted staying We thresholds. the way perform uncertainty to a
points solid prior to X total assets basis classified as quality of X.XX%. quarter declined assets, remains basis declined nonperforming the while assets and from to points totaled total assets just Our asset XX
cash with loan credit They're within market regarding high-quality Our business portfolio. their and continuously on managing impacts and risk proactively dynamics real team regular our and contact in is our clients diverse estate flows. and
results. more over our few will to second a financial turn I With the quarter on details Ron call to provide that,
