Thank growth in and Paul. of finance. September, cash offset in million and consumer of Total real driven by million. $XXX you, million commercial growth $XX million $XX million Strong $XX in growth $XXX million loan $XX and from reductions securities by of in were loans $XX estate of assets million and grew equivalents C&I equipment
quarter, $XXX In originated the in weighted fourth XXX at coupon we basis loans of a million average points.
continued of rates. the weighted points the XX portfolio to during as loan basis on short-term quarter portfolio rates Bank repriced XXX coupon core to XX% lower the basis However, our average lower the to points as declined loan Reserve Federal approximately
linked a to decreased the the on basis, points. portfolio yield On quarter loan XX XXX points basis basis
deposit $XX the million. $XXX grew time continued deposits On to and customer focused increased deposits and million be broker in growth market. Deposit deposits money side,
million of for to basis XXX an XXX interest funding increase were QX. million basis margin X we $X $XX million. quarter. $XXX However, a deposits from basis resulting points $XX the of of basis, basis million, grow net average in interest-earning saw Total costs a XX grew on linked assets income demand from points, net points interest improved points Total quarter as the decline QX also overall
the expenses for income the to expenses Noninterest due derivative versus stronger million loan up which of quarter quarter. for the Operating slightly offset is $X.X the income of $XX.X provision third million $X.X from quarter, quarter. were increase largely in by and credit the The million $XX.X was from driven prior million in million, commission-related a by $XXX,XXX level the was on was quarter for $X losses mark-to-market additional swaps. incentive decrease QX. The
continually behavior and volatile adapt. environment responses industry remains rate Looking forward, the client will interest and
increase loan far suggests X continues margin to The the margin will improvements. interest we modest points throughout improve and environment net net to [ improvements As in basis normalize, continued the X see in so QX We the yield estate interest curve ]. for runoff to XXXX vehicle will our single the and continued of in activity. commercial and specialty be as digits by anticipate growth lower will low the portfolio consumer to growth real tempered loans in be XXXX in commercial
Cash and of assets. securities X% total expected combined are represent to to XX%
anticipate the X% On deposit we side, to growth X%. of
Given are prevailing deposits slow. cost rates, the but to interest continue migration of may lower anticipated
to Our range first basis a to continue the quarter margin and year. within fall improve points will XXX XXX is of throughout to projected
upon $X deposit to although Federal Noninterest of may magnitude dependent actions However, of quarter and this components $X the timing income vary range future Reserve. by the be million projected in flows per the is is million and to significantly.
to We full of our is February February and $X.XXX or approximates on On XX.XX%. for the record X.X%. to rate quarterly maintaining share at the per dividend XX. be annualized in Board paid our to yield are approved expected be of to stockholders on effective excluding million basis, $XXX our payout XX costs dividend tax of less a year, an the expenses range managing merger-related Yesterday,
This concludes back and it I'll my turn Paul. comments, formal to
