morning, good and Billy, Thanks, everyone.
X, performance Slide Let's start trends. with
growth continuous liquidity quarters, well an excess the entered We as us completing our the the acquisition. that by XXXX, stimulated market have growth during was as but last X experienced over
increased the as liability was grow current quarter, had remain stable, the where For we from This million. balance deposits loan over of our $XXX liquid cash balances primarily side driven the over sheet, million. $XXX
part, pretax our for XX. to most represents preprovision Slide slide. The and consistent. on operating returns, Moving line the an interesting directionally been This is green have
profitability. our sustaining are We
by a due continued build. volatile depression. metrics headwinds our asset margin metrics effects ROA reserve our of to more filling temporary inflation operating Both caused our are little the have and Our been
Turning to XX. Slide
have we continued indicated, value of and trends tangible our with value creation book value growth. Miller consistent book As our
On operating as the at ratio we efficiency XX% consistently XX% range. was graph, maintaining the low our are lower
income. Slide XX, net to Turning interest
the quarter, increased interest income net For our the million, $XXX,XXX $XX to quarter. to linked prior compared when
in our decreases asset we interest liabilities levels. with As earning relatively interest-bearing interest reduced declining funding by our expense income in with increased being yields, remained stable, volume growth experienced at offset our
for basis prior the Our equivalent margin XX the tax quarter when interest quarter. compared X.XX%, points to decline of net a was
was for for X.XX% and in was Included Our the prior loan the a yield accretion like to discount on yield totaled X.XX% loans loan very our which for the our quarter. recorded current (sic) quarter quarter PPP little the With compared of we current of ] level to $X.X million. the [ of PPP increased for effect the accretion program of PPPP effects PPP level margin. overall had quarter, accretion, the $XXX,XXX
For our interest-bearing basis XX and decrease of deposits basis cost liabilities, XX to points overall we a decreased of points our to had X.XX%, X.XX%.
over our maturing see further interest-bearing For the deposits still with deposits repricing. of smaller in reductions rate fourth quarter, time we opportunities for our XX% and some
have of right time, with elevated see of a liquidity. the and continued we excess amount As funding slide, to bottom our you the this during experience liquidity at sources can COVID-XX
liquidity, margin. excess provide down Fed's margin an relief facility growth liquidity our This for XX funding the Our average our current October, build of $XXX the cash quarter. million ongoing at basis for $XXX banks we the negatively correspondent experienced points.
With Fed in impacted by have million. the decided and will this amount pay early of some PPPLF to of in This all
quarter a a the of forecasting minimal of are which X.XX% Looking forward, range margin PPP we fourth in level forgiveness. includes
accretion million. estimated estimating accretion loan are $X.X approximately have fee loan of $XXX,XXX to We and of PPP
Slide income. operating to XX, on noninterest Moving
slide the this We quarter energizing is another prior of We when over operating quarter compared prior the XX% XX% over increase had increases for income. Now and great a to from year quarter. very same achieved of noninterest us.
Our this level as consumer normalized service a charges increased more activity. quarter of represented $XXX,XXX
of but vendor increased fees include interchange Our a did $XXX,XXX, credit $XXX,XXX.
had quarter. For mortgage another production strong banking team, our we
$X over over increase million, prior from the an Our of revenue mortgage XX% banking reached quarter.
production still have we will be levels strong a we forward QX. estimating of looking lower As slightly pipeline, into
noninterest continue increasing our to streams. team revenue focus on Our and diversifying will income
the our having is $X.X Looking forecast fourth quarter million. noninterest income of for forward,
expenses. XX, Slide our find to Turning noninterest operating you'll
the having originations. We salary elevated, the with asset the relating expense slightly expenses growth find FDIC some control. from the of for relief and our amounts payment many prior opportunities and reported quarter increases second lower quarter, look prior related the fourth did quarter the continue In decrease primarily the from increases forward in the to quarter When were were to PPPLF. our during an We comparison comparing salary related for quarter, expected. employee deferrals for with expenses PPP to these the of with benefit overall expense the our from in operating assets to loan insurance, expense to increase see our
For appraisal of outsourced see back we versus but our should did program, real come timing and estate line the a in new loan-related forward. majority loan-related expensing We going other activity, we the have increased was expenses, increase and those from realized differences of reimbursement. expenses
our Also, noninterest touch expense benefit quarter approximately on is taxes. expenses relatively of fourth base flat, forecast having million. the forward, and with let's for salary Looking well $XX.X remaining
quarter forecasting tax rate rate XXXX. of that current an we income addition, fourth effective for In and taxes the our quarter the reported are XX.X%, same for of
slide, XXXX. XX, has details during this is page to give accomplished doesn't next what Our But deposits. our our on team justice
that which over the On year-end. chart the right, to bar since deposits, growth XX% are in you'll up our see
million In addition, deposits $XXX over since XX%. our or year-end, over noninterest-bearing increased
focus core on growth let's the a deposit We had quarter. Now current quarter. huge
was net quarter the deposit growth overall for million. Our $XXX
that explain me further. Let
growth our September At a actual Fast million X% forward we million, our was comprised at XXXX, funding so quarter. of During our total total year-end book deposits core deposit the deposits. to $XX we quarter, deposits decreased our $XXX deposits. by XX% very big were of XX, broker
our depiction team graph were of our on a reliance is short very deposits left that lower good continued excited a time.
The we of such able in broker that reduce gives period our to Chief handing Fed credit-related Rhett? Credit Officer, over Jordan, info. to efforts in Rhett our slide funds reducing loan the deposit towards and the rate.
With go I'm costs to over said, Our
