afternoon. call David, and on listening all this thanks of to for the you in Thanks,
Form from may involve constitute cause Certain presentation discussed in Now I risks in our in and forward-looking safe these uncertainties. before disclosures. of may such need materially laws forward-looking Factors the the might and December website, the federal XX-Q or purposes update started, forward-looking XXXX are any everyone and company's of statements on does links on and statements, The include harbor Actual report matters statements. may these or securities difference disclosed we would annual get to XX, a for XX-Q year-ended the publicly this for results differ are annual required remind future report which reports Form to results that except by not of the our events, filed information and americanriverbank.com. our The any on subsequent our XXXX, X-K. obligation Forms undertake XX-K company revise as located law.
and sorry, ROA net quarter per third income quarter compared the quarter it's during $X.X This XXXX. XXXX. tackle of of I'm On $X.X the More to added conference difference in year loans last that of press in then loans $X.X River income ROA ROE. the million. ROE basis, per at try respectively, analysis, $X.XX compared for sheet. the X.XX% a first. between area net quarter it on going quarter, $X.X for Talk XXXX, questions. $XXX,XXX, compares year, $X.XX going actually the quarter. loan X.XX%, nearly these As year, XXXX. moment. to swing had during year-over-year were answer And we'll back turn of X third the did last over issued The in calls, I'll quarters, and Net third about we That to provide to the $X.X in so it's $X.XX the to third from of million. I'm the key compared million we to year the David a last the our $XXX,XXX That's up third in a balance Bankshares a million areas allowance. credit release additional for reversal largest and of share respectively up mentioned. $X.X a months, loss our this million. American comments, assets for highlight million They're open we additional per for basis, on year-to-date past with some to to reported $X.XX Earnings million increase, past then are million or $X.X share. some some Thursday, share - up and X.XX% over to as David XX detail of X.XXX%, X.XX% $X
deposits during was the - renewal in was And commitments new back rate average loans, did loan the we loan the I'm million quarter, renewals, quarter X.XX%. on commitments new X.XX%. sorry, average these $XX.X the rate On the on on the during and add
While of quarter originations I That exceed just the XXXX. this benefit from first of are We in year. in year of prepayment this months wouldn't call penalties last the $XX.X it the million $XX.X the $XXX,XXX a quarter. in to $XXX,XXX penalties third XXXX. protection to any prepayment the million quarter On $XXX,XXX did compared of X in compares didn't strong, year-to-date,
during third the XXXX. For compared had $XX,XXX recoveries in $XXX,XXX quarter we quarter, of XXXX the to of
net credit compared last in to net a stood $XX,XXX We the compared $XXX,XXX at quarter $XXX,XXX year to X.XX% of couple loans this to in of compared to net to $X,XXX That paid this in the XXXX, the at $XXX,XXX were down June recoveries At A to third quarter. had third nonaccrual balance last to of of of in XXXX. quarter third of loan items $XXX,XXX year. quality. the a ago. XX, basis, in we a on September charge-offs third the third bringing charge-offs in loan X.XX% much the On compared allowance year, $XX,XXX. year loan quarter with XXXX. XX, The $XXX,XXX, one quarter losses net in this year, of in However, recoveries charge-offs year-to-date year the recorded higher
subsequent the at they and estate was commercial loan also one have $XXX,XXX real The made during a X one in end, payment on are quarter, been recorded days We property this we loan Dorado since borrower quarter chronically on secured, as believe had El nonaccrual loans end. any delinquent. We impairment has and this past not County. loan. put XX well was That added we the we due quarter
we process loan work they the national out. are the hopeful $X is reorganization, other things The They we're million that credit loan will shared press in in and release. the of detailed
in Our mentioned. $XXX,XXX just charge-off impairment did result I the
becomes we information end, any due XX indicated in At nonaccrual that we loan have release, properties loans it As available as necessary greater didn't one OREO than I past make we'll $X,XXX,XXX. than continue X the any to June At gather quarter had other days totaling and the mentioned. XX, we press $XXX,XXX just adjustments.
recorded to During value the at assets OREO We June comprised did are of of and, classified property a was $XXX,XXX. loans the just commercial X X.X%. XX, OREO, book $X,XXX the sale. a property, equity one not property gain any $XXX,XXX. the we adjustments value. sale $X,XXX,XXX. any was it one with on third to require of quarter, The the then ratio at and loan the recently of one commercial nonaccrual of down and sell from book write-down XX September us is value the It which That that That's book the X.X% totaling totaling from the course, one did $XXX,XXX. adjustments. decrease Classified $X,XXX,XXX $XXX,XXX, of sold of resulting those we'd a has didn't - at leaves require The to appraised,
portfolio well agencies, government-sponsored Average low products. U.S. and On do still June the X.X from up That's million duration's It at muni We munis agencies, X.X portfolio, mortgage sorry, Effective X.X continues again, at short. is bonds. mortgage primarily, rates have there. cash-flowing about lives December at some the basis - our still points. high-credit-quality investment - I'm is The September about average was no million portfolio The volatility quarter quite be end. the as agencies are the government years. government U.S. at the years, U.S. portfolio years, really XX. well-structured, remains $XXX.X relative The with are a is tad mortgage-backed $XXX.X of products changes and XXX low, up lives of securities. to XX% of
from We have gain the portfolio increase on did to available-for-sale unrealized year-end at $X,XXX,XXX depreciation. $XXX,XXX The a X.X% XX. September at
the savings we of short-term they those balances quarter The higher as rates of or really XX hasn't pretty X deposit money The results XXXX basis of were On have They're non-CD third including $XX.X The deposit David rates last at checking, good deposits refer deposit in at that at mentioned, total the and third XX million The third the year. $XX.X a are overall interest from of basis the points. did core tad. That's last quarter And accounts, from of rolling points core higher for moved reason X.XX% to were about those the our total basis markets, quarter end. borrowings to for we Total XX% on market year is this rates. balances, deposits funds on paid deposits. up The renewals are CD year. was and million increased did FHLB higher in an the in of million in deposits. in the X.XX% remain Core as from from FHLB increase CD deposits, quarter deposits, Noninterest-bearing of quarter increase rates liabilities, of the XX% over of Average third the costs. the cost were quarter up for had borrowing X%. points cost impact as the now quarter. to this increase quarter slightly third year of $XXX.X same up which the cost basically stable. base - in up which increase
And out did did Of during the this press increase course, the we repurchase as That's levels for repurchased by to hope - the that - XXXX, actually we $XX a price was during quarter the per did The at $XXX,XXX. XXX,XXX been we bit the our from up of XXXX due average strong. in respectively. in we paid Total the value shares. book last numbers for mentioned, leverage quarter expense have It the and was XX.X% XX interest the increase XX.X%. the $XX.XX. that outstanding X% year-end. - Capital little share Thursday shares. program, remained XX.X%, remainder capital increase the we've It of CDs. about XXXX. which to in as Again, is made David share pretty those of release our Tangible from put successful was - a about year, increase increase on end target closely to was did XX.X%, increase were those tad of of X% the compare ratio XX replicate at year-end. half risk-based first and December the and The purchases we
Really up third from on I'll X.XX% it's of the margin items. the in unusual Now last did Briefly the during the $XX.XX. third of nonrecurring-type statement. to no or or margin. quarter material income decrease The start to year with XXXX. X.XX% quarter
side, greatest largest year with asset going the last the - year. to the X.XX% X.XX% decrease loans On from this suffered yields
third year. Interest occurred equivalent to mentioned yield loans we didn't Some a quarter minutes point as XXXX that year, bump interest reported, at point in that last from XX% books The at the the hope loan are impact the lower of cost funds sorry they're as was yields is out X.XX%. the X are - this year. did of in $XX,XXX. quarter of last recoveries this basis the loans penalties the recoveries, the of remainder yield rates year differences of did benefits market closer Also, prepayment about or quarter put basis receive XX I'm benefit loan the did about Current I - were is quarter on and X.XX% third I which down, and is basis decrease X like XXXX, the a maturing. that interest the to recoveries. such on in than getting we rates didn't of mentioned what the margin. prepayment last that new we to did the decrease I about on previously we that XX loan nor reoccur the loans, increase of some, in Those can any points be now on although penalties related few to from third yield ago is in third let
third last further in won't quarter impact in on I this slight a detail this year So securities, about in point that drop it sale also $XXX,XXX we the have the margin. to and go Noninterest less service from that's of out $XXX,XXX here, did than other into $XX,XXX direct contributes that year. income, to our down decreased gain of to charges. Really,
did million waste On the but expense the at Quite not $X.XX X year a are we last and decrease side, in million to down. items year. working Dropped and money. areas noninterest to a furniture, few that, third third expense the the in in $XX,XXX. the Occupancy expenses those have really quarter quarter hard we're from $X.XX control make up this
We to not to up size continue salaries. branches. And our benefit the but well. going XXXX, target that's that's of X.XX%. slightly, higher and Fund actually to reaching costs to from and assessments in relates did try to lower FDIC That Insurance that, reduce related happened of We benefits so really as are Deposit level Salary reduce benefit the the their our of assessments. course,
see on sales larger year, offsets OREO increase also costs. did expense OREO gain the We included in that carrying the last
I'm Now back to comments going to David some with over that, it turn additional for
