everyone. and Rhett good Thanks morning
move Slide loss reserve. XX, loan our to forward Let's
leases and During quarter recorded we loans was at our the strong reserves to loans end and points, At XX $XXX,XXX total basis total to quarter, a loan and at X.XX%. originated our provision allowance was to our leases related growth.
we on ahead Xst. quarter adopted XXXX, of January to Looking first CECL the
to cannot of loans. close $XX ACL to credit environment estimating be forecast million approximately the X% economic we ahead, are to total we our While or losses allowance for
other decline during financial quarter, Similar in XX. On Slide institutions deposits. we to the experienced a
deposit we some as causing security footprint, into to As significant throughout many was sheets. yielding this customers position of higher to quickly their rushed liquid competition outflows our due their high to cash our These deploying instruments. our of anticipated liquidity institutions additionally some caused financial up increase as experienced, less rates had shore competitors balance excess pricing
the good is judicious to last to approach deposit expense goal our few of during the quarters, relationships. be but in customer pricing, losing stated we our not at raising As
relationships, deposit continue these to quarters. As basis upward was a this pressure increased fourth the X.XX% pricing to for We deposit December. for costs XX next X.XX% do result points our anticipate and total of quarter the for few defending
anticipate quarter. Our remained both this XX%, of time cash composition deposit levels into as deposit the of loan That higher below over deposit do ratio move to to to our account yielding shift historical elect we've liquidity the portfolio increase, mixed our previous Despite clients with ratio comfortable are in and XX% deposition up deposit loan our from portfolio. our increased the and to said, we in composition some types.
Onto Slide XX.
of cover During production excess the fourth cash outflows. we our to deployed quarter, loan much our new fund deposit and
of securities, strong remains overall which XX% approximately assets. at includes Our total cash position, and liquidity
Our margin was fourth expansion. basis point quarter-over-quarter a representing X.XX%, XX quarter
on of XX interest basis point portfolio yield, basis yield loan XX by primarily by a included points, XX increased loan in points basis our increase accretion. driven which assets Our earning
X.XX%. fourth quarter the December yield Our for accretion month was X.XX%, loan for of it the portfolio less was and
points deposit Our interest driven by interest in costs. basis bearing liabilities our increases increased XX bearing
fourth the during cycle X.XX%, was Our interest deposit and was end December was for beta bearing the deposit quarter XX%. for cumulative month roughly At the X.XX%. our quarter of cost
beta quarter beta of However, given the quarter's with for rate to X.X% the X.XX% a this in XX% environment, give our to is of increase the this estimated cost market in deposits for us previously our discussed first cumulative cycle range. total
environment, in Giving our anticipate this of X.X% is the that for quarter margin guidance but the range uncertain with rate first X.XX%. difficult in we margin said, to
quarter of increased revenue When annualized over During increase to XX% comparing increased $X.X million operating fourth operating an XXXX, of $X.X our the or quarter, for year-over-year. million over revenue the XX%. quarter-over-quarter
judge is As challenges. consistently of by our are primary extremely ability ongoing despite of SmartBank we one various our economic metrics associates the the which to proud we grow revenue operating revenue performance,
XX, Slide you'll On sensitivity rate interest find some information.
rise year, sheet a liquidity end. the a cash sharp the at asset year our and deployment in position neutral interest to modestly the from sensitive our has and balance With general shifted of rates during
or Looking ahead, will any limited increases have our small a on interest short-term and anticipate income. net decreases that net in impact generally we rates margin
into to strategies company in both environment. As move on focus or an and to rate the income up down uncertain continues protect XXXX, we
increased $X.X million million our prior Slide operating XX, the versus fourth quarter. On in the for to $X non-interest income quarter,
Insurance, Our capital also acquisition group. markets from benefited insurance revenues revenue our $XXX,XXX of from increased the due Sunbelt we to of and
ahead building we to recurring fee steady Looking on to XXXX, focus continue streams. will income
million income Our non-interest in range. the for first is $X.X forecast the quarter
Slide Onto XX.
to efforts efficiencies in operating expenses ratio to operating XX%. efficiency of fourth manage continued resulted quarter create Our a
efficiency XXXX, our be downward to low we the ratio expect getting to previous quarters, we for continued later part trajectory, steady back sixties quarter the range. in the similar our first those then the of to As of
$XX.X prior increase increases technology expenses was to related the expense a and non-interest over attributable operating X.X% was Our professional fees. primarily in increase million, quarter. This
deliver and ebbs always we ensure remain we said, our categories. As ready to in proof value. and head continue That tighten our income flows we invest in targets belt fully expect organization, future and to to on to we our various expense our goal shareholder create upgrade,
are benefit our $XX.X For of rate the first an run prior the quarter salary the forecasting increase stemming expenses we $XX.X quarter, million. and expense from of from million primarily range,
capital. XX, Slide Onto
quarter, the benefited strong in and capital our During position. positive earnings AOCI from our momentum
value sufficient forward to continue share; our impact move tangible $XX.XX, and of growth losses, the unrealized and quarter-over-quarter was X%. was at per into capital build we share a value excluding end almost At rate representing our temporary however, of As compound we annualized book of X.X% a a to book quarter five-year fund our growth future security our increase anticipate $XX.XX tangible ratios. XXXX, building per rate capital
With it Billy. to turn I'll said, back over that
