morning, Thanks, everyone. good Rhett and
loan to forward move reserve. loss slide Let's X,
provisioning quarter-end, percent. our allowance quarter. led was leases reserves loans our At credit-related to total for the to indicated, originated up Rhett and XX As strong loans points quality credit [Indiscernible] total has to and our minimal and basis
credit conditions going adequate grow to Given our change. outlook continue our assess to into, expect support credit [Indiscernible] loan production, we positive allowance and the to
X. Moving on slide to
liquidity During generate additional deposit we're to quarter, to we and continued and the able security significant loan a purchases. for utilize growth for funding's portion
of in held-to-maturity help of we up $XXX portfolio $XXX from increased rising portfolio placed classification majority loans rates. year-end. quarter-end, maturity, quarter, our our total were million, The counter these and over the focusing in over securities million XX% of the the purchases held-to-maturity XX% For funded impact shorter elevated to the to shorter-duration securities at At on securities.
than liquidity at quarter. XX% approximately Additionally, total and XX% stronger cash position quarter-end, securities, of XX%. which we was assets, includes retired at from our assets cash $XX Overall, borrowings. significantly the million total to stood And our the of FHLB prior-year over
anticipating will we're to excess forward not via ratio our accrediting with a and any meaningful believe the we absorbed our as be securities remainder into over strong assets some Looking production. QX XX%, of loan security purchases XXXX, of
also as continue any deposit outflows want rise. vigilant prepared and We potential remain to may to that occur rates for
slide, with right the the of was quarter our to liquidity. prior margin having consistent excess further the pressure industry Moving despite from X.XX%
million the the with than Our provided past Further, two result reduction in security loan line quarters all of on in less $X of purchases pricing additional accretion, income, few of as continued quarters discipline. remained more income. the last a offsetting PPP interest our XXX,XXX yields over
by basis lower deposit Our to points. interest-bearing three continue costs march
pipeline XXXX legacy excess is markets, start deployed. strong believe will some over margin our we expansion and both as Given to see liquidity the of half from loan new we second
we this operating $X.X revenue. year growth $X.X quarter continue quarter. income. this, Despite decrease on expect touch in from million, PPPP to slide, with its of the PPP base outpacing was a the income loss let's we for income revenue traditional sources, the significant Before the operating million prior leave experienced non-interest trajectory upward in
very the million, pleased $X.X to of strategies the of totaled less when days the XX% revenue. income PPP Overall, more over non-interest quarter billion, estimated approximately revenue reaping quarter, rate our X.X% a operating accretion a quarter-over-quarter of quarter, information. statistic. basis tailwinds revenue operating loss some approximately sensitivity PPP additional interest we're little variable benefits two billion we of Slide loan impressive come. [Indiscernible] We're expecting to in during XX estimated On basis rate $X.X factoring to increased you'll which and the total a becomes points, total includes to and $XX.X start income of [Indiscernible] For loan forward and points, $XXX,XXX, accretion find look XX, $XXX,XXX. loans. approximately fee eight margin in Currently, have operating
change. recent over upward million any re-price With have now that rate basis will variable the of XX point rate we the of inclusion with loans increase, $XXX future
basis will floors Looking increase. rate rate with ahead, leave point that next we have approximately variable $XX the XXX million of loans their
the a X% balance interest and impact increase any of interest asset shock rates sheet, of net scenario. meaningful our point quarter-end, net an XXX our a shows basis to up have static Given to increase interest sensitive At analysis nature rate over interest our will short-term income income. rate
earning with $XXX move. $XXX the were rate Additionally, million deposits with a we quarter million nearly cash and in that repriced floating interest of any ended
-- quarter rates market, We sensitivity in activity to that, liquidity in believe insulate and by effects and momentum. of a of lay as our of said our quarter wealth provides Having build us Non-interest total using quarter's recently composition, increases. X% Betas conservative market $XXX,XXX large XX% services this Investment to revenue. volumes are the as non-interest most rate our deposit from from overall approaching On income rate and deposit this historical added prior-year the any result Slide as almost impressively, currently XX, the prior was interest team. legacy our team liquidity increased picture currently income full marketing will and contributor as of from over increased the to the or us increasing revenue XX% any we a more almost as the from grow position full continues continues allow the of environment. modeling a sensitivity well and
seasonal fee-generation fee regarding the family optimistic experienced and remain our stronger-than-projected for generators. commission Additionally, unit of contingency opportunities excited our Overall, we insurance payments. within
Onto million. elevated $X.X For income our is forecast continues ratio the efficiency XX, our to non-interest previously as from be initiatives. for discussed expected, Slide our quarter second operating expansion strategic
to further ratio expect newly steady as range XXs to teams have our strategies and We this momentum internal the a platform the unfold. in near-term optimization hired low gain decline
we guidance with quarter, in only $XXX,XXX experienced operating expenses no the material slight line quarter For increase directly previous a with of increases.
expect $XX.X For quarter of rate $XX.X the of range, expense salary second approximately we an million of expense million. with one XXXX,
QX remain Our as from credit potential forecast, a to well-covered as lending profitability. amount exceeded the results ratios costs. of with and guidance Onto deferred and loan long-term slightly our we eye is are which initiatives, larger provided production, as shareholder the standards, continued strong capital. routinely asset capital opportunities, regulatory higher always Management strategic XX, evaluates At as of excess as company with result quarter-end, than Slide Even our bank's quality. capital loan our with projected liquidity a actual value. well well origination QX position our excellent both stable growth, bank maximizing capitalized an relates and towards it benefited
$XX.XX par, per our temporary recovered value this the portfolio. gradually time for with impacted the is losses and We return XXXX finally, the are At quarter-over-quarter equity. I'll Since reduction per turn X%. to was was temporary as X% growth $XX.XX be our to impact share, back plan. when in on executing well-positioned our over share experienced And excuse of a share and Billy. no our book other interest over is will comprehensive securities the of impact income -- value share, effects me, said, our at representing accumulated it reduction strategic securities from original a unrealized long-term our component, $XX.XX tangible quarter-end, over annualized With that to tangible related, book rate tangible value per per excluding book
