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reserve. loss loan our XX, slide to forward move Let's
credit for to indicated, reserves leases quarter. leases quarter-end, X.XX%. loans allowance Rhett loans to originated to were total the and As At our minimal led our has up at was strong provision total and our X.XX% and quality
our provision going XXXX, conserve credit safeguard against little unforeseen growth had for XX, to expect composition forward we our the deposit to On positive minimum and events. continue going Given into outlook support change new quarter. mainly slide
held Our non-interest bearing deposits non-interest at bearing and total deposit XX%. to our grew ratio XX% annualized
potentially are we on rising and deposit of its pricing. ahead, a rate cognizant Looking environment impact
coming County re-pricing months. significant composition. cost deposit the position, at however Bank anticipate expect We bank's or liquidity in current do given changes deposits higher downward in costs minimal term don't However, Sevier the we near-term a some
Moving XX, previously utilizations; program continue to line discussed liquidity slide experience purchasing securities excess putting liquidity in with funding to to on and our strategically we quarter, build the during work. began
built purchase patience. has around discipline Our themes, been bond two strategy and central
upgrade to we of been take periods market saw has during directive Our weaknesses year-end. near and purchases of advantage as taper periods
XXXX, but unchanged and to $X into compared Even total with securities above not quarter, our support with continue over cash $XXX just our million our when evaluate to only for the cash loan purchase virtually billion. position continued remained purchasing liquidity prior-quarter move we yields, As will this securities. utilization our of we
was margin points a net quarter X.XX%, from interest basis Our the of the prior-quarter. current decrease for XX
by accretion. margin less loan quarter, and $X.X $X.X accretion was PPPP million of impacted the our During less discount million negatively of
interest of and position yielding low our excess to today. suppressing continues with However over margin the XX% our be assets liquidity factor cash, earning largest total
recent quarter, shorter lower due to yielding in portfolio During we decline the did duration, experience purchases our a the of security bonds. yields
as the of we yields with purchases three removing in these the experienced result However, in and provided all income. with realize after full next will positive remained a months yields note, income quarter $XXX,XXX Also quarter. accretion, interest even over line prior on more higher us loan revenue,
the also they decrease interest from benefit Additionally, five bearing in deposits. point basis
XX of margin slightly loan accretion $X.X estimated We lower of of points, first fee estimated range and of than X.X% basis deposits. or a additional the the basis also anticipated, due six we quarter PPP includes $XXX,XXX loan in inflows accretion are to to margin approximately forecasting million. X.XX% The points,
Given environment. a appropriately what the we sensitive feel confident to nature our we rising of that is balance benefit shaping rate from sheet, asset to be are positioned up
Our recent net shows X% points increase income in interest shock and rate up a XXX scenario. most basis
Of [indiscernible] $XX over We have we basis loans -- have of $XXX XXX basis million we first the after in and point million rate those the availability hikes. first XX forward loans, better after in XX accrual another position. declared
that to We cash personally modest effect costs earning us scenario, the also increases. we in the have will at Despite deposit some move. better the liquidity any deposit allow year-end of heightened market insulate increases from $XXX believe rate position have right full and us million XXX interest of delay composition we
environment. revenue touch base excess for growth to focal liquidity operating result of let's the this operating especially other on a as Before Operating since in continues traditional to our company, slide, the primary point be be continue revenue. metrics skewed we the operating a current leave
of or total to of income, remain PPPP despite million that $X.X Our operating strong million, also contributed prior-quarter have a reduction another quarter loan We're which of revenue. operating revenues pleased in strong mirroring discount $X.X accretion. [indiscernible] XX.X%
which County some of of and from includes increasing and interchange million, primarily non-interest into Billy revenue new over our we from wealth focus quarter Diving over is as increasing primary revenue is prior from income, slide into XX. to to continue Sevier focus revenue volume, from was strong income opportunities wealth reduced which $X.X to increased insurance activity as we from transaction expansion, platform will and income our non-spread addition units, experience team XXX,XXX new deeper based charges Bank $XXX,XXX, investment inclusion and increased existing mentioned, mostly seasonality. service XXXX. borrowing As Offsetting for our move the and optimization, company [indiscernible] both tailwinds, streams out. services gains and increased continues due play going Non-interest of move mortgage the are operational advisors. of these income continuing income the to let's Non-interest to XXX,XXX the on
recognize credit portfolio. increased We also In the and year over prior opportunities almost income from XX% related remain to the generators. very comparison full-time impressively and [indiscernible] gain, X%, strong other to income increases our regarding having a prior Sevier We non-interest XXX,XXX quarter, card more quarter. optimistic
Our income forecast non-interest having of for the $X.X first quarter is million.
with to to our $XX the as all expense expenses slide significant for quarter Sevier $XX.X guidance. to our salary operating County fourth of in increased million portion operating additional $X.X both million, on $X.X XX, million prior those was our the related Bank, expenses initiatives. increase benefit well to operational the A increased Moving expenses; expenses related of as due to million and line quarter, to
extremely County and with integration as as well with the are As looking saving results integration, the highlighted original the estimates. of Billy cost we completed we surpassed pleased earlier, Sevier back, have Bank, our
our elevated was this quarter XX%. operating expected, efficiency at ratio As
XXXX, forward decreasing anticipate [indiscernible], platform strategies well having we the unfold. mid-XXs as into into Looking ratio other optimization this the as as range internal
For benefit current tax expensive technology the expect in expansion initiatives. XX.X of some XXXX, an quarter rate we of XX Slide with $XX.X first summarizes range our million Sevier million. of
technology As platforms we mentioned previous our continue on calls, bank. the all of advance areas to in
and working to to live organization in been Our the as to mission, banking flexibility allowing make fulfilling has work primary employees and with. and invest our easier remotely experience do been enhance customer's our needed. always of to strategy In part focus has remote improve heavily technologies this business small
previously do geographically hybrid, has productivity, team been While we perhaps capability we the and of envision flexibility certainties remotely the have new importantly, terms fully our more of currently increased a workforce full-time, don't anticipate which working remote even to unavailable. majority recruit in employee given Having members, working or this us would model.
metrics. as talent strategic improvements capitalize modern continue strategic are as to as areas. excited we finish position opportunities, [indiscernible] quarter forecast, execute the operational and about up As the to XX, And evaluates routinely we believe it XXXX, our the the we At to across move recruiting ratios come best most management's projected standards, well capital; regulatory is capital initiatives. extremely benefit brightest some into in and technological capital lending Management potential plan. relates on end, well-positioned bank's to the to and do provides XXXX company our slide of on all
grow As quarters, a for at annualized its value X.X% standard quarter quarter-over-quarter the per in a previous trending and value end, share, of to continued the of company book our representing growth was year. X%, $XX.XX, growth
continue We Billy. over said, to I'll With on value. long-term be that it building to turn back shareholder focused
