expenses impact impact management, was to Adjusted which ratio XX% Thanks, QX QX. to merger-related of expenses, the guided payout regular XX% per over Bryan. XX% share QX. with our dividend the ratio for capital payout is for Starting payout our ratio XX%, due was $X.XX for merger-related in our of
our sufficiently M&A. both and our to our capital position continue risk, supports sheet growth, potential We organic balance believe future and growth internal
for you. Just general observations some
the economy. We construction values continues, continue Northwest is of are in growth brisk. And and valuation in and rates to highest valuations nation overall high competition population be residential region single-family robust, some the at growth about banks Pacific with continue the optimistic among the CRE
caution been segments of prudent. why an stronger was is all are the so. be Northwest are QX tends real 'XX, years commercial the on to than in Loan bit certain Don for during currently estate bit above Pacific quarter. in few past cyclical the slower in growth in management of a has This due QX 'XX we in positive, as but to focused growth noted. or we Northwest, have loan our growth economic QX in the growth concentration the generally in While Pacific climate general, a And is first
concentration CRE are this believe we our in that of loan continued a management our cycle. we growth our XXXX, action will point approximately CRE concentrations discipline and prudent in over While is the mute likely anticipate at XXX%,
Bank We growth. to Sound refocus Puget half in and completed but growth latter not the lenders closed, on are acquired of augment recent in believe Community conversions QX continue XXXX and as Premier acquisitions, closed announced will Bank,
organizations both Bank will with and Premier for believe early the both Sound to pleased is cultures is we continue similarity in we well, Bank organizations. of Puget and May going QX Community with X, are in conversion QX. Our of conversion scheduled for close Integration
As as mentioned in expenses. our increased to QX expected call, due expenses overhead our merger-related
anticipated While Portland. also growth our our of continued merger-related increases overhead Seattle some we to expenses, had attributed as Metro due increased and regions initiatives to in
We with are of particularly but pleased the XX%, at following Bank deposit in our CRE improvement steady, our Puget composition. ratio acquisition hold loan-to-deposit Sound pleased the
note while the deposit at will increased DDA time, the same improvement to market total of money percent You deposits and in XX%. non-maturity total
Additionally, as stable QX to Don remain in compared cost our to deposits 'XX. X.XX% of at X.XX% noted, relatively
to to banking by increasingly loan deposit the space. leverage is to important quality deposits measured community to believe We deposit cost important levels as continue composition, and and us to
Also, the overall maintaining, quality margin. even strong We pleased and net Don base focus noted, interest improvement as to we in the on continue deposits. our improving hopefully, of are our our with funding
to We baiting also book forward. likely the our I attention going equally improving draw would experience but like and industry increases is not NIM the loan only function our acquisition Bank. Puget to Sound tangible of pricing, believe likely minimizing maintaining your value to of following is also a
in less net acquisition per And during to interested of the Bank. and in completes for additional release you would again our value than we Our a our only of M&A welcome you at would X.X% I we $X refer call in 'XX, book press activity remain questions. have current continue and QX, the to Sound active billion which, M&A. you and QX questions to any course, constant once by of as XXXX and remarks, questions? includes may would statements Puget TCE tangible share expect our banks remains X.X% prepared the QX answer finally, Janice, forward-looking from and of That open your decreased any
