I some our Bryan. Thank of will QX. drivers for main you, performance of reviewing be the
of financial third the noted, our XXXX. be results, prior period unless of through will all with the otherwise comparisons quarter walk I As
QX point strong for the was primarily from quarter. Starting funds $XXX Fed to with September McDonald Loan the lower in the loan through basis balance were increasing Bryan This X.XX%, the balances X portfolio loan growth yields QX. again the than few with Yields loan XXX on which was points sheet. an will update basis was in reduction minutes. December. in due rate production and a on have million
brokered from QX, several Total our $XX in continue growth strong deposits a $XX in the strongest decreased prior million the QX growth higher-yielding customers in million our After in reduction flat costing CDs. deposits with deposits in in CDs, to like the relatively to the as Much the QX. decreased in interest-bearing quarter. to seek CD to X.XX% quarter core due continue growth higher experience Even of balances past we products. cost were quarters, the in X.XX%
X.XX%. deposits, the to to expect We interest-bearing rate deposits was December of cost further of that continue as fact of spot decreases our in shown cost as by the for XX quarterly the see
proceeds our quarter. It earn-back such in of initiatives, trade sales $X.X will an that decreased of million due of other this loss These higher-yielding partially during executed from balances funding and $X.X are Investment securities. of sheet estimated a improvement from were the $XXX.X sales resulting was sale $XX on the our A million, part trade annualized the as for be is the loss repositioning million, recognized X to years. million period pretax of of balance loans. about pretax the used of loss approximately strategic income balance sheet
investments the our BOLI a on executed restructuring partial fourth during to the portfolio. rate addition we In loss of on quarter,
expense. tax resulted surrendered. which policies, in we higher new additional million of policies redeployed policies, the We yielding We surrendered of points XXX proceeds million than approximately $XX approximately basis $XX in into the million $X.X
on approximately BOLI tax-free of initiated also $XX policies. We million exchanges
In These combined addition on will improve related to other other actions sheet remaining cash generate the transaction approximately for and balance QX. portfolio. the in tax needs incurred costs $XXX,XXX the of expense, yield BOLI we
provision primarily investor on net This in to margin income statement. loan interest more to a and Net borrowings. and QX Tony the the cost the information increased moments. additional quality losses from margin. charge-offs Please the was in interest of for increase during quarter X.XX% in our growth both to to net few very Page Moving net quarter. was for net an on to X.XX% The from in credit the income the of quarter, income in prior interest interest prior the $X.X $XXX,XXX. expense primarily increased recognized margin. net improvement of credit due deposits for as XX million quarter. minor see metrics We on due decreases were The for due have information will presentation interest provision amount the
Noninterest $XXX,XXX prior and from due are services although below of timing expenses, professional levels. to still marketing quarter expense we increased well the primarily QX XXXX
and We which in maintain overhead order levels historical manage lower a tightly other X.XX% QX. continue ratio, in to expenses was than to FTE
And on finally, moving to capital.
TCE comfortably down well-capitalized prior the remain ratios X.X%, from capital regulatory our in was thresholds slightly our above ratio of X.X% quarter. All and
and to us in Our trades stock be in loss allowed on investments have strong ratios buybacks. capital active
part cost our During QX, repurchased stock million. program of we of at total $X.X repurchase XXX,XXX a shares as
on have as available under I for quality. repurchase an credit to XXX,XXX of call now have will end We plan the the update who pass the QX. of repurchase our current shares Tony, will
