by sale of income net million to morning or $XX.X of while the announced morning, increased life Bank-owned purchase on diluted per a a former insurance quarter approximately A impaired per This $X.XX income during and branch by or of claim share income $X.XX $X.XX share, per increased XXXX of approximately facility everybody. share. million reported first XXXX, quarter during we or $X.XX net earned Comparatively, the $X.X per the commercial relationships quarter gain first Thanks $X.X the and first net share. first XXXX. we of quarter collection of certain diluted prior year Ray, diluted million for $XX.X the loan the or good successful million during
or condition $X.XX earnings results of impact shareholders. of quarter for remain first per the to diluted compared quarter. the specific nearly year during very advantage lending year to transactions, and and increased these first while delivering current are to with our market pleased consistent the X% share and our well take we financial continue opportunities, positioned believe prior earnings We performance Excluding
first Our net X.XX% margin was interest the quarter. during
margin been on recording periodic interest rate from originated impaired interest the benefited loans. by net efforts certain further hikes impaired past has Our from supported the and the commercial the successful of years from income the stemming has interest of and couple purchase FOMC over collection
in linked compared during large Our X quarter, late basis yield reflecting the part increases LIBOR to on points the prime and the earning assets increased in rates XXXX. quarter the in first
commercial an assets a In cost points XXXX of funds. the past of deposit for part our the time and of rates to reflects money fourth cost continued XXXX, deposits checking business deposit first years. level Our bonus certain the primarily time percent the couple latter of of funds borrowed when average additional compared large accelerated campaign. increased rate fourth on fundings quarter withdrawals first XX first higher and to as from to over of during We due increase during increases quarterly quarter environment, basis compared on wholesale month account increased increased into funds loan see seasonal accounts, during level to part a funds the payments. and higher and and quarter the strong interest of we've reliance funds The a the of increase quarter earning market the quarter reflecting first of tax in the wholesale
be already current are funding in quarters. account balances quarter. wholesale quarters As into at funding will our least we seeing that next seeing checking typically the that a - the withdraw liquidity the fourth next it to expected, Based are process us reduce appears business to over of and fund of projections, couple we accounts, takes and our replenishment a on two we already position able reliance
our on in cash in most recent $X.X pool and the we upon received about loan purchase we we receipt. interest million income next loans, to of quarter million courted XXXX. recorded loans receive during million accretion payments XXXX. CRE income payments the purchase loans as on totaling principal expected, expect Based and first will forecast throughout valuations record quarterly expect As flow Also, aggregate of the on on purchase in which $X.X interest impaired about CRE $X.X over years, remainder be several pool to additional
the maturities which to our fund third margin wholesale We during range the and in next elevated X.XX% quarters. forecasted balance quarter to level quarter X.XX% X.XX% The to sheet during reflects net in to of liquidity, and a then quarters. over interest reduction the two use our the X.XX% to funding expect and the of be growth during a second loan of fourth expect we second range
and points equaled Loan charge-offs only first first quarter. totaled charge-offs as Provision the to and levels loan see low portfolio of remains same of expense overall only $X.X reflecting of expect million increases commercial just just $X.X as in The first business loan total net with noted, equaled million $X.X XX very loans assets growth. a the quarter that part loan the of quality during accounts checking basis the end strong continued million we period. charge-offs. assets Non-performing over in our non-performing for addition, at totaled In time loan quarter. percent large
expense million in $X.X the assuming remainder the throughout expect record steady economic quarterly to range XXXX, We $X.X a environment. million to provision of of
next of Our remained total loss X.XX% $XX.X no significant This With XXXX. or changes of CECL, are quantitative at loans. economic have the the complete remainder and has totaled the segments million few framework end and during quarters to coverage ratio and the modeling to loan of for expected qualitative the working over weeks. originated many regards are steady completed first quarter we
of our run second have we will end existing life during branch million. CECL recorded a the the quarter parallel model We which non-interest claim of the and up expect income full of to on the of We model gain running $X.X in $X.X sale includes million model facility CECL through and XXXX. $X.X a first of the former insurance Bank-owned to midpoint by XXXX, quarter and of million of the the
impacts first increase mortgage recorded credit the non-interest compared Excluding income fee including as quarter income revenue, well income of most fees, banking in these increased card fee as the management to transactions, XXXX. activity income. X% processing and when We by categories payroll debit of treasury
April for increases expense into with last range total hourly million increases. We the we on non-interest $XX.X non-interest Total income resulted first million recorded when employee reflecting and equally about from split million remainder expense $X.X Currently, compared $XX.X broker the deposits $XX.X X% the of annual local between in primarily that of $XXX a deposits. X million $X.X and about to level employees and net our up tax in to expect of deposits during XX%. salary the net expect year higher cost, quarterly pay went non-interest of to quarterly mainly near the pay of XXXX, merit quarter effective of quarter and of XXXX, be one-time of first million expense through increased all The of range first XXXX, growth to effect We remainder increased to during remaining XXXX. of quarter growth during XXXX. million rate
checking time reductions and did earlier, the as money account first quarter. deposit seasonal typical deposits noted we market in experienced we growth during business record accounts Although, of balances
time associated along relationships. to and For with at from see business accounts term. April We plan new growth account expect traditional growth recent payments the strategies we with for to of stemming strong remainder checking replenishment lending first quarter subsequent least deposit near maintain new XXXX, discontinued our to and pricing in in time our the special tax early the C&I deposit bonus
well of comprised reflects year-end level the and XX%. to the fourth increase at the growth banking As of of up of of of end organization. deposits the checking FHLB second We we remain XX% account wholesale Currently, funds, withdrawals. total the commercial at funds strong and expect and quarters of and advances fund about The loan business quarter the least beginning reduce about wholesale third as the to funds throughout seasonal first from XX% influx to XXXX the a capitalized ending quarter, XXXX. broker
for million million the shares $X.X share current buying over back remarks. prepared you. our $X about XX% As price was We be approximately was Bob. March back now capital January, have call our the buying my active capitalized. our Bank's per XXX,XXX an Those currently turn to stock approximately XX, of were buyback million in XXXX, risk-based well total than categorized $XX average approximately ratio XX.X% in required to and month the during $XX.XX. of available dollars are plan. of as higher minimum We Thank in I'll at