Keith. slide through Thanks, comments four will cover My XX.
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Our RMs are to loans. incented as on being deposits, well as focus
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of Second from QX our which quarter Traditional impacted higher of as annual actually with LHI the end consistent to end expected the year-to-date QX, growth grew growth guidance. than it remains balances continues from that that X% XXXX. slow. XX% primarily of and be the second up payoff from no to sign quarter level CRE QX in will The and average high the
guidance. positive was with we full would expect is in pipeline slower than quarter quarter consistent growth which year we earlier but fourth Our our year, the a experienced
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to lower average benefited trend be XX%. see expect the by from are balances end XXXX strong mortgage to quarter. started significantly seasonality quarter continue of up the that to third we and fourth volumes We QX and total at finance Obviously, see from
mentioned interest-bearing. the pickup of total all we growth some linked-quarter did As in deposits I in average with see
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those We betas expected. have perform asset seen as
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Our million the end at third of quarter. index categories the about deposit total $X.X
were our expense. core Moving looking in expense and effectively on to linked primarily expenses, at changes salary quarter is expense non-interest slowing non-interest which
a of FTE good a job doing of this year-to-date. are managing We additions with lower level
related $X.X million and is are and year which You some annual that by the improve note cost, the been to will client aligning we levels an equates to in to based incentive had and experience, annual performance. messaging quarter. $X.X financial the million organization during the consistent which on continues share. $X.XX These non-LTI to better driven focused efficiency made the organizational doing from incentive that about with ramp pool the accrual, have overall changes severance we in generally efforts throughout There per that’s QX increase on we is
the Some as compared fluctuation fluctuations primarily FAS in quarter price. the expense related stock XXXR to third in in to QX,
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experienced not in to to more we from than would see outsized increases would every QX, but see quarter. While any didn’t we the QX growth to we as continue expect deposits, to not grow we past some continue and
more be season that and even to into evident. targeted growth planning XXXX is continue We about expense heading
flat staff of We most are are adds growth as areas and on focused lines we holding improving targeted in business. returns for
quarter impact but million was ratio the was QX excluding million $X.X $X efficiency was Our our the by ratio the than which the XX.X% higher third for severance it of at slightly negatively efficiency OREO, XX.X%, earlier. discussed impacted and
feel end Non-accrual of very being in and a Tier the total is continue late continue of at aggressive overall trend the capital We to from This to level QX X decreased with to asset levels we to plus about criticized grading good loans do. classified Criticized X.XX% cycle, QX, believe right XX.X%. are still LHI. of capital to acceptable that thing current the XXXX to a quality, down. XX.X% at allowance
to it’s driven one of provisioning we second this discussed and quarter loans the the in for moved some healthcare provision expected, additional and relationships we by As level three reserves normalized more for non-accrual is quarter. QX
continue QX year. fourth of expect annual last The within million levels provision in QX provision for million to $XX be $XX million quarter guidance. our We and in to normalized compares QX $XX and of to
had total a less took $X quarter, included we as were the $X we recapture quarter gain allowance million, Our than $XX we and the in the income. million sold meaningful of OREO as the non-interest a the for valuation additional as in credit well only million that of really first that’s in resulted cost property
it previously to some recovery really gain, charge-offs as to us require taken it’s a related had rules accounting we deal. for as the While account a
to quarter at related $X $XX the the net million $X OREO credit provision, sale million the resulting was in $X million. less related So for the million of in Charge-offs the charges minimal for quarter.
at to linked-quarter revenue. our quarterly Looking we highlights, have continue net growth in
benefiting move strong experienced continued result from is margins year-to-date LHI traditional in as the growth have LIBOR. of portfolio a We improved and a
move impact was show traditional second QX. quarter, there the While up in will earlier LIBOR an and moves the improved in the in later yields LIBOR from first quarter QX in LHI
QX expense level and ROA improve to is improving in quarter core operating continue the a provisioning. items to enhancing We specifically of the experience. result ROE expectation expect as run while of client efficiency, and on levels be positive a third on the ROE normalized rates trajectory we of continued improved focus salaries The stable. more and
higher the interest of that to impacted from during benefit as have ROA, comparison increases been levels beneficial for despite LIBOR Fed but to balance weaker Current moves moves the be we how are expect levels into continue We and lower fourth fact quarter year. of move. the in the mortgage timing moves holding rate by the liquidity improvements seasonally part the comfortable can finance liquidity we the
improvement mortgage improvement growth, LHI the slide. low cover average We outlook guidance will for average of of percent finance in growth slight will average outlook mid-teens billion year high to reflects deposits all the growth growth the No for mid-teens as I our think and in be traditional change a change outstandings growth. for interest-bearing. average MCA had a slight A Lastly, we guidance percent our which balances year-to-date. to total strong our for slight in in and low growth outlook $X.X for in the to single-digit
improving September our are X.X% include impact to X.XX% move. for to the We rate NIM from to outlook
of remainder the assuming is for guidance year. still additional increases the no rate Our
net interest-bearing, change our million the We we it from consideration growth, mid mid fourth higher are No levels is finally, expense revenue assumes and change at of XXs. have in at with low level, coming expense that guidance in quarter growth, low also to mortgage shift taking and deposit in in Keith? into the no percent ratio in no growth finance. the liquidity for efficiency and percent high-teens in provision no low-teens at change $XX non-interest guidance to change also
