and Rhett everyone. good Thanks morning
seasonality. from Let's slide result stable, competition, market volatility quarter, declining primarily a of as industry on nine. aggressive Despite our remained portfolio deposit million continued and prior the $XX start
of to linked pleased non-interest-bearing annualized almost quarter deposits. total extremely were represent to we Additionally, our by increased XX% deposits X% see
position focus need Our continues liquidity positive to drive wholesale relationship with healthy banking on minimizing a shift the to funding. mix utilize and
As ended of quarter a ratio loan-to-deposit result, with XX%. we a the
increased our costs and For the the total quarter, X.XX% of June. XX basis X.XX% month was points deposit for to
said, pricing half in more defending our we is upward growing the As year. That moderate anticipate pressure intend cautious move and the second approach into a of do throughout remainder factor. the be we we the at continue, XXXX, of to albeit to only deposits to rate pace where
funding to us deposit granularity mentioned, our confidence slides gives XX, shown to as our cost-effective navigate However, in as in headwinds manner. a on previously ability and and access XX and liquidity
XX, On and detail. liquidity our and highlight XX slides we securities management
loan quarter, we to liquidity, deployed new primarily production. some fund During the
QX a on in XXXX. US and cash weighted million treasuries at at Our hand overall of rate. cash to total of income, approximately liquidity that when redeployment redeployed maturities These assets. X.X% Included yield for million portfolio significant securities and of with increase position, $XXX which securities, strong interest over XX% will in is remained mature a represent will QX in and today's $X average includes of provide potential over early the
margin, Adjusting was for the the included for basis in a XX contraction was contraction. million Our basis net margin points. interest fee QX X.XX%, XX loan $X.X point our representing quarter our margin
XX the June the on was business loan depending Yields, increase spot-based X% and X.X% portfolio Our which new yield loan with our and from range, production base basis yield, revenue various loan was commercial in quarter, aspects to excludes X.XX%, associated the prior are the and project. point opportunities X.XX%. currently fees accretion, originations a
to during the X.XX% at X.XX% basis costs June increased the weighted The for Our new points deposit quarter was deposit June. cost for of were and month average XX of X.XX%. interest-bearing production
approximately deposit the during is date cumulative cycle beta Our to XX%.
XX% ahead, cumulative XX% quarter of Looking a and are the cumulative beta XX%. to we modeling year-end third beta of
to compression of said, That X.XX%. production. interest cost we margin stabilization remainder X.X% offset margin has been net market the While being modeling XXXX, renewing we are the with increases quarter loan and funding range by through challenging, anticipate in new of third
another yet quarter with forecast have for our the reached we us, our revenue. Lastly, should bottom challenging operating behind indicates,
Looking operating million next ahead rate of run at the maintain before few million $XX to revenue in previous we returning $XX to plus expect midyear our XXXX. by range quarters, the
We with our Operating line have was on our expense slides of previous guidance. noninterest income and noninterest $X.X XX income and in XX. million details
We stable are efforts pleased to see our recurring income. generate ongoing to
Looking for anticipate the the we mid quarters. next several low range in income million noninterest ahead, $X to
coming On costs at quarterly managing the expense side, our guidance. previous than million, we did $XX.X better a job great in
occupancy of related efficiency and expenses than our FDIC in it XX%, reductions fees by loan to offset insurance, our increased other expense increases expenses. was did increases. in revenue While We pressure result a professional rather ratio and
plans, revisions expenses incentive made Additionally, lost around well reduction through to as as our being we had from attrition. company-wide a employees diligent salary replacing in
we expenses and noninterest $XX.X benefit and million. of million range in salary the project $XX.X Moving forward, expenses
capital see we to are risk-based book strong milestones and line our our And company capital CETX to build poised to come move value to and our leverage to strategic on In plan, XX, ratios continue with ratios XX%, total on or ROEs feel growth. slide on we the capital this lastly, CETX seeing deliver XX% leverage ratios. of pass pleased with threshold these our surpass tangible and quarter the close are our and X%, -- we
Billy. to With that over I'll turn said, it back
