Kevin. you, Thank
has the will my X increase limit increase following discussion our just increase basis yield. to in margin, interest X.XX%. net it increased point practice more the I factors. three was been yields XX some in points The items the to quarter. which mainly to the basis loan start due with in significant due in was loan by average an past, The to As will I our
quarter increase. the June First, impact fourth rate Fed of
million pay loan offset our to of on point recovery acquired margin in of off on due merger accretion accounting a bearing income deposits. the Second, to $X.X to run of basis in yield of had partially related relate our our off. was of recognition purchase increase increase increase off of income in beneficial was cost deposit The third, our benefit interest that $X.X The an mainly loan. cost in bearing of an been acquired increases X interest And of the in of impact million, by time adjustments deposits. increase charged interest an loans the due of
yield. impact margin X quarter, Excluding to the of the interest points net accounting purchase due mainly the loan estimate, average basis in our increased higher
variance on consistent major non-interest the loan to loans, prior positive to side the increase the sold gain was in items Moving quarter. relatively with income. due in of volume Most on the largest were higher $XXX,XXX The a residential mortgage quarter. sale of of
This to due from and quarter. to level was flip of relative entities. level side, lower largest fully preceding acquired XXX,XXX charged-off pre-merger swap other our the variance a mainly the recoveries a was second a loans decline On income lower in income of
Turning prior to quarter. from variances the We a had expenses. few non-interest notable
by both people. equivalent hires Group chain. Institutional across increase mortgage spread employee the time salaries back office build full the our due facing production support $X as of such residential customer were to and increased XX in out Banking and in the company mainly benefits Our and roles, of expenses a million an These
$XXX,XXX quarter. of processing normalized Our the credit as data and after recognition will large expenses last a communication increased [indiscernible] level
a have allowances. our decline expenses. ORE a related [ph] XXX,XXX decline in in largest valuation to due We credit the was variance expenses in And
our sheet updated of unfunded off balance loan we by unfunded for our estimation commitments. was result off provision reduction sheet the mainly the of information million for As dollars, reduced commitment balance $X.X
Now, special that expectations expenses we expect now I quarter. our like be on last will fee related approximately product guidance We for higher the discussed related non-interest would to update projects quarter. $X million expenses these third XXXX realized the three first in aggregate projects. and associated current The cost quarter, approximately for will quarters $X.X our with in million to included be non-interest through
we that already to have made sheet. only loans trend quarters new originations and in in previously were I were funded past saw construction the I've volumes. discussed had quarter. our in like $XXX origination at just balance that funded Kevin quarter. But major loans reporting million we include same in deposits. are reported our The the note modification origination this would previous we slight construction million and the booked Looking how we to to included in volumes In that $XX committed in
However, our This in reflected construction construction resulted subsequent loans adequately in period. the loans are funded also origination in volume. not being
this construction lending want are this that portion is quarter. our did making overall sizable the it businesses, change clear not make to to While of you we a we beginning
areas of to results. on financial other moving Now our
end took borrowings on quarter. credit. This mainly due FHLB the from in to of end the prior line period we overnight million to increased was our manage warehouse of $XXX funding fluctuations Our
assets Moving saw sorry criticized loans critical quality, meaningful. small variances loans, XX the total the by nothing assets to our during and delinquent non-performing on in loans, as as while to quarter, well particularly basis non-accrual declined points point I'm to we X asset basis are loans
in Our of be the million continues representing adjustment. With points quarter. a provision recorded by in just qualitative which was total offs net X loans for loan We've losses low. very the quarter, loss charge basis driven $X.X our experience of to average largely
XX to the to increase is that, this of total provision quarter. let turn allowance points With result for end call s our increased to losses X ratio basis a loss basis quarter, prior point Kevin. from to the of loan me As back
