Well, thanks, morning, good everyone. Billy, and
XX deposit X.XX% and growth of quarter, XX%. first million costs in for over March. almost resulting During increased the ratio of experienced X.XX% the we month to were of loan-to-deposit points annualized, XX% $XXX deposit basis or Interest-bearing a
managers was growth coupled new from growth net primarily existing new deposit deposit boarding with driven clients, Our relationship by our clients.
is at elevated encouraging, While the growth it come an cost. did
cost new deposit of For QX, weighted was production the average X.XX%.
have our in quarter. repricing the portfolio. with funds billion saw a noninterest-bearing in deposits the CDs and currently $XXX $X.X any remain also million the XX% relationships of deposit rate which movement We resulted of to Fed noninterest-bearing we existing XX% immediately expand, during However, new and deposits of or above total repricing interest-bearing second
over securities was redeployed of X.X% million $XX with $XXX matured weighted this and quarter, first a average yielding of the in X.XX%. into securities million of yield Late
$XX in Additionally, growth, of we with strong significant securities, X.X% deposit liquidity build, totaling in a of resulted coupled May. X.X% cash yielding cash maturities, late maturing over total million These assets. have equivalents with and
the above is opportunities across considerable solid this and deploy our cash that liquidity, are we footprint. lending given we yields not are to While the our position target, long-term rushing cash excess seeing
to now, of securities Moving forward, intend patient. part as our process, it's sheet balance be we paying to purchase management selectively overall but do right
remained of result factors. margin interest net at flat quarterly a X.XX%, Our several
unexpected previously, payoffs. forecasted, came a growth was while discussed muted in growth As deposit to of stronger large due handful than loan loan
are mid-single-digit well payoffs encouraged short growth the we guidance. have above not that loan While would are the by in payoffs, our term, growth, been optimal fact excluding
loan new were on and contractual yields X.XX%. yields basis average XX Weighted originations X% expanded by to at points
XX% X.XX%, our rate, over of and repricing $XX maturing is X million Looking $XXX portfolio loans, next fixed months, in durable XXXX. ratably with we rate yielding the loan ahead, over million of have
margin are we've passed compression. difficult While believe to inflection our we do the in point an influencing forecast, variables margin
rate. margin pushing we Looking anticipate ahead revenue $XX to of modest to and operating half XXXX, the expansion, QX quarterly returning million a second run plus
profile. saw This slight interest rate shift sensitivity in our a quarter also
fixed than for for our the securities, uncertainty interest liability strategically we short-term the rate Given interest economic from and around a the to a sensitive rate the higher longer usual accomplished of rates, floating to larger and potential position. by purchase through a neutral position. environment maturity extensions We sensitivity moved holding CD cash more this
this liability-sensitive strategic Longer can of we position adapted through to the to Importantly, deployment and cash. environment do rate more be term, moving interest anticipate position a back dynamically quickly whatever unfolds.
quarters. was on interchange normalize former a million the income noninterest reduced than previously slower-than-anticipated coming we Operating revenue at branch building, million, both will was noninterest in capital quarterly had attributable forecasted Billy fees, a adjusting mentioned. $X feel of income the The as and in gain sale lower markets to onetime decline $X.XX primarily which for of
with provided expenses guidance no in to operating line note. deviations were Our with previously material
growth the income we as investments leveraging infrastructure Noninterest be expense we focus and over years. objectives, to continue few primary the containment last made fully on
to income the in mid-$X benefit range we $XX.X comprising expenses ahead quarter, noninterest $XX.X noninterest the and approximately of are million million. second salary and expense forecasting million Looking with range,
I'll our with conclude Capital a quick with consolidated TCE grew X.X%. quarter capital. at on over comment $X the ending ratio million
in stock value. has resuming Consequently, in future reached a believe we its outlook. we repurchase anticipate below well program, our the our position very this as market credit a We price quarter, intrinsic are well-capitalized with strong share
that to With Billy. over I'll said, it turn back
