trends the made dynamic, to your on quarter. On analysis that for selected Jan., bullets shows quarter. more and highlights focusing tables, the the we a the this Texan you you, our have from format. are Thank focus page quarter. improvements may from prior year-ago interest helps the X, of And table have As on have noticed, more understanding. items we of you with release We earnings hope and quarter, in we the changes Right prior some that, below
billion differences or prior down the The is increase X.X% net regard -- interest the was quarter, million. quarter prior interest numbers in deployment income net increased quarter quarter by to to investment $X.X was assets Turning million were the and of the the net XX.X the X.X primary back develop quarter excess driven income X.X%. to prior to the up -- into or liquidity securities. the the earnings, from million In from were, by $XX.X income million, XXX which for
securities work. increased, it additional rates income put loans. fees on were to interest more partially by of As excess liquidity our on offset have interest become lower The to has more attractive
for While by continue loans. loan replaced higher-yielding the up lower yielding were to be quarter, loans balances
of prior throughout to outstanding yet the adjustable loans. impact floors. of not ramped good have the portion later quarter, at new the Additionally, rate impacted quarter. million funded $X.X down impact. which are particularly in those income the have still for much which non-interest up loans, A was rising rate the And rates quarter fully has yet
the the higher commitments loans million impact a Susan for was also year. residential And million inconsistent FHA was from the group share-based compensation salaries but first quarter. employee accrual impacted positively the prior tax had Non-interest revenue professional bonus quarter reduction, adjustment on the quarter-to-quarter benefits. one-time deductible mortgage year-end $X.X income, no largest a $X.X were securities expense reduction tax prior and -- rate in when Our in million. employee residential for The can by million was when and effective rate mortgage were to XX.X% sale ratio XX.X% was a to the prior expense it and one-time down were the FHA gain business The prior environment quarter accrual payroll investment for lowered the not increases $XXX Absent the down the $X compared negative of from offset was start and it compared million from salaries and for there down to was activity the impact in from also change which recorded. to reversed. Lock because in $XXX benefits reduced. for XX.X% Legal lower the fees also tax down down effective prior good and XXXX, reduction quarter. was primarily reduced tax The bringing reduction and the be million as accounting on that Conversely, quarter taxes. rate to XXXX, mentioned, incentive efficiency $X.X XX.X% down a million from to accruals quarter. a $X the non-interest multi-family
of the securities. statement. in those movement of to the as we rising of to income loss available balance equity sheet, are for maturity. maturity the losses value losses In million off regard quarter. from FHLB will on advance the negatively had well $X.X both On million that some associated book with held small transferred liquidity. unrealized held to The sheet in There's transfer to the that assets securities in with the held was liabilities securities increase to securities unrealized balance on impacted quarter maturity, rates amortize which impact an $XXX the of $XXX transfer declined the of sheet. of of paid life this securities during book at as created sale million. available reduced quarter-end the The the and of during of unrealized tangible the our These portfolio, a equity reductions sales value. reduced portfolio on million We $XXX billion $XXX by for deposits These no excess and though along impact balance with biggest decline off
to interest our of municipal to we credit rates corporate and that impact balance Having accounting interest mortgage-backed in determined decision During transferred The well-positioned portfolios final held-to-maturity sensitivity, interest a CRA evaluated securities higher the securities our for of securities. maturity future were maintained the tangible mitigate the book, as bonds asset-sensitive we equity, held-to-maturity. designated remains book bonds, change With take advantage will these values. that the and and for of the regards securities securities rates generally to longer and changes to the buy sheet life we some on quarter, believe certain rate future. will bonds, and designation of be instrument made
we For deployment linked-quarter basis. into points basis were had net of liquidity a impact. excess on and the positive margin, The interest to XX up XXX a cash reduction security of
cost our changed -- was funds, points. at Looking of was basis it unchanged it XX at
changed and the much toward interest-bearing end FHLB were advances million quarter, March we not during $XXX basis points five raised rates deposit repaid. by demand most on While of the accounts of
to and up. for off deposits Overall, and is funding benefit of XX.X% are come asset-sensitive deposits. The impacting should down slightly reprice. historically measure I'll bearing. it deposits sensitivity, Susan a that, back loans XX.X% of our done the non-interest terms as the short With Another costs floor a non-interest-bearing in And are rate percentage rates wrap well in to average prior large from rising quarter bank hand averaging average quarter. has from we this
