good Thanks, Billy, and morning, everyone.
commentary over very positive performance last based I'll more start sheet's are We with balance pleased to we on portfolio. in on want I minute, a Billy with our which in the our but provide saw several our deposits, the trend quarters. touched securities
points For XX yield to the basis average the weighted X.XX%. rose quarter,
securities previous yield X.XX%. had treasuries a ] of first those weighted the $XXX million year, As [ half with of we $XXX in calls, the of [ highlighted we million and mature during low-yielding average proceeds into ] redeployed of new
mostly balance earmarked loan production. to principal maturities these been remaining fund of The have new
the new balance color more for portfolio. allocated result, advantageous our on will To most a a for management. funding sheet security to little be deposit and purchases opportunities add only general As
the X.XX% to consistent production deposit deposit for noninterest-bearing remaining composition interest-bearing total to overall quarter points remained increased new X.XX% average X.XX% our June. basis QX, month with and During the deposits were of X XX%. and deposit weighted of was The above cost for cost
liquidity relationship business win our we balances rebound our relationships. liquidity and builds, deposit to to expect deposit ahead, as client Looking continue our net new client builds managers
several yield favorable the [ a As ] portfolio including messaged inflection interest by on enhancement loan our factors, of yield to and we on quarter, previously margin the which weighted a passed result expanded mentioned points X.XX% last XX in The securities net margin, point average have the new basis X.XX%. was originations. enhancement
cost further funding Additionally, X linked increased costs signaling stabilization. total points deposit quarter, only basis
difficult to variables of influencing loan margin forecast, and the XXXX, liability second new rate position. fixed loan by the sense during margin half While our expect of and do maturities expansion continued production, adjustable primarily we driven interest are rate
Currently, mature a remainder [ $XXX XXXX. X.XX% over yield million ] the will and reprice of fixed average rate of ] ratably of weighted loans adjustable with [ or
during [ loans billion deposits [ $X.X in interest have immediately will of million the we movement. the third time ] the deposits our also have quarter. that rate a funds Fed of We $XXX funds rate doesn't third quarter, rate change million include during ] repricing modeling while And $XXX in and reprice variable rate Fed upon
for $XX As $X.X quarter, are million quarterly property a the cost a run income result of rate anticipate than bank-owned of from $XX.X as operating at and surpassing a forecasted adjusting $XXX,XXX X.XX%. plus gain we this were management a result of sale a operating expenses million, revenue and lower noninterest efforts. margin ongoing was range a targeting million, these largely factors, Operating of
in $XX.X range expense and $XX mid-$X quarter, expenses Looking salary million range we ahead approximately million. million to the are forecasting comprising benefit the with of and noninterest noninterest third income
capital. with conclude I'll
much of not intrinsic the of reflecting well below the value, stock fairly was its value company. For price quarter, our trading our
grew we shares the despite XXX,XXX price basis ratio average such, at of repurchases, a and $XX.XX, consolidated weighted advantage points As took over TCE to of our opportunity XX repurchased this X.X%.
capital risk-based points. decrease slightly ratio by total basis did Our XX
very with largely this a a loan to continue our However, and well-capitalized outlook. cash. in position strong X was due risk-weighted funded with to earnings credit strong be being growth we Overall, future
over With that said, I'll Billy. it turn to back
