for Thanks Good Thank us. joining evening, you, Harris. everyone.
us when third and the significant for was growth. billion, can quarter. a non-PPP term slide XX. as X, industrial in Areas highlight loans, loans of loan strong to the estate, or $X.X on mortgage appendix included residential Average seen be compared commercial strength this increased real average in and commercial quarter slide the On performance X.X%
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quarter. declined average $X.X Our deposits X.X% billion or linked
changes, turn by X slide break we please to insight down deposits where our deeper volume For deposit size. into
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driven. sheet balance primarily is revenue Our
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about information interest sensitivity. provides XX Slide rate our
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sheet in size descriptions. balance the is assumed remain in these Importantly, to unchanged
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interest As represents result, risk a a reminder, as sorry. traditional this parallel rate disclosure -- a
latent the represents at disclosure shock, a risk rate prevailing parallel while As this and curve XXst. instantaneous emergent views interest yield and reminder, the a traditional December reflect
for to XXXX increasing. full year full Our of outlook XXXX relative the income is year the for interest net
along with by half XXXX. be of the and quarter fewer of While be XXXX, the loans, as for we first latent as reported net than example, the quarter expect that the will will increase the seasonality in days there expected way in including fourth well emergent higher fourth sensitivity that modestly year, of the in interest income an
Moving was decrease noninterest the of on income X% XX. on slide an million, and quarter Customer-related to noninterest income of a the revenue and X% $XXX over versus prior increase prior year. total
allowed of reduced to loss last revenue. million modified overdraft which quarter, the third quarter. and near in funds fee that has by up we us quarter, $X per noninterest the non-sufficient management about As beginning the our we noted make has Improvement practices fees of treasury our income
the income results. year year is XXXX Our outlook customer-related relative the for XXXX full moderately noninterest increasing full for to
right net revenue, slide, which Revenue by grew is customer-related of and income, income, excluding the PPP from XX% by and same interest sum period. is XX% grew year side it the ago when shown. over of income noninterest the the On a
$XXX decreased slide of compensation X% to remained quarter and benefits. of decrease primarily prior to a categories remaining due reduction on XX is expense total The expense The net the incentive flat salaries quarter. million. Noninterest certain from within relatively the third the items to
the the our of increase to hire full year influence staff adjusted and feel for XXXX to the continue XXXX. expense to to for year inflation continue We relative full to of growth. expect We moderately noninterest to support reiterate of outlook additional
led nonperforming quarter quarter the improvement Recoveries we previously loss a prior in Notably, across the on quarter, criticized loans. of the illustrated credit fourth balances to balance in quarter. basis the for portfolio, average loan healthy and basis ratio XX. classified saw from Relative the loan highlight of asset continued net to levels. off Another compared at points was the are strong quality X and XX classified and as of recovery our charged slide prior continued non-PPP the continue a to of improve ratio loans in points very to
Slide quarters. the $XXX or recent from the quarter, trend million several for ACL the in the losses credit end increase allowance ACL the details million, was fourth the our over $XX At XX of past a ratio increase ACL forecast. points economic quarter. growth basis ascribed was the The quarter third to up be loans. weakening loans of total to to quarter prior from X loan linked can and non-PPP The reserve X.XX%
portfolio continue will loan size of evolving the reflect Our ACL to and composition forecast. our macroeconomic and
Bank. loss position Our aligned on XX. CETX with slightly in shown of fourth is slide and to the balance capital operating our the grew sheet capital position the absorbing that The quarter risk ratio believe X.X%. is We
or of retained by in X% remained to ratio significant I’d like The CETX million year. the Tier -- CETX past the relatively $XXX Although capital balance of point amount earnings flat, out grew in over common the over X equity XXXX.
by common $XXX the by growth. or year. million the fourth grew $XX the stock million $X.X assets driven We during of XX%, However, quarter repurchased primarily for loan billion and risk-weighted in year
our As made Board decisions we as a coming expect reminder, actions our such, in with to for share dividend are announce the Board any this first scheduled Directors, regularly of repurchase conjunction quarter Friday. capital meetings and by and
slightly ratio median above managing profile. -- to capital a Our while below-average risk to the goal to CETX a be continues maintain continues peer
as the full this year actual summarizes results outlook XXXX. compared current our reported XX full the the for for course performance provide year Slide when the over We in approach out. estimate return year approach financial best to a financial to of This represents presentation. provided for outlook that historical the change financial over single a is to traditionally one year. where from an performance of plan quarter outlook remainder This reporting we our the XXXX
prepared remarks. the open our questions? you concludes This line please would Joe, for
