basis which $XXX.X XXXX, will I for quarter third increase second Beginning Slide Thank start totaled X, quarter. interest a interest increase with strong XX from average our with our X% a growth Kevin. point million net net of the yield increase average of the loan net an largely margin. The quarter-over-quarter income you, X.X% in preceding income, of loans and and was interest receivable, the driven in by expansion
our loan variable increase yield margin higher and Overall, driven by the of on our deposit by XX interest margin resulting expansion These in resulting interest-bearing the mix costs, rate deposits. on quarter-over-quarter. a higher points basis loans by XX benefits as new yields earning as offset partially assets to Our net X.XX%. higher increased an favorable shift interest rates was from pricing The repricing of increased assets quarter-over-quarter loan basis interest-earning were well net points from on in in paid production.
With slight year-to-date see interest-earning we the potentially degree the the quarter small fourth catching cost assets, increase in lag to a margin in may to expansion. the to compression in up to deposit flat margin offsetting yield on
on XXXX and September total Moving portfolio. XX, interest rates. X, production XX% to positioned variable in are XX% September XXXX, increased XX, to Slide we as an loan asset-sensitive benefit our of remain of as position the quarter, to loans rate represented higher new and our from loan of variable rate loans third in Of
moving to X. Now Slide on
a had SBA on lower non-interest preceding the the increase a an second lower sale loan gains SBA was of loans, sales. of premiums reflecting of We on lower sold for $XX.X quarter, loans Our net million third X% and the volume over income quarter.
a due losses loans on reduction increase We lower on service recorded also to higher fair an were in decreases lower loans investment. sale volume value equity residential gains in income of account swap sold. and offset of deposit by mostly charges, These fee mortgage
X. Moving expense non-interest on to on Slide
expense compared in million million $XX.X preceding the non-interest was Our $XX.X second with quarter.
mainly areas, We areas. were have in expense decreases offset two by most but increases in these
in improved our deposit on non-interest expenses, revenue increase reflecting accruals strong increase earnings preceding outpacing expense accounts. in financial our had expense higher compensation ratio XX.X% And quarter. and credit expense higher, second, we of to incentive XX.X% trended largely First, strong from light in other salary expense, benefit increase our the performance. our in With second an an reflecting efficiency in growth
I key Now XX. moving to on trends. deposit will our Slide discuss
increased large had development of as efforts deposit significant deposits opportunity business relationships. a acquisition to result while commercial total particularly expand capitalize corporate business. outflow sizable one their prior consistent of end quarter, the Our from We continue client X.X% from new they the the to our a addition on in
XX benefits commercial our commercial adding of At priority by to deposit rising focused loan in that across the to increased overall loan determined remain XX point growth basis cycle, resulted targeting. a this growth. were have interest-bearing much we increase loans, time quarter-over-quarter the in our our that utilized generating on that We and in included loans rates profitable cost strong of the the top is variable in and the due relationships new of This that higher outweighed support the deposits a basis of cost the Overall, longer-term rate mix in we all Given costs our as these deposits of low-risk deposits. consideration categories. deposit quarter. management of been the rate our pipeline of points point
a will in number deposit increasing and the we help our in costs. strategies deposit pressures of place, of core mitigating have rising deposits expect which We
quality. XX. will to Slide Now moving on I our review asset
all status, TDRs fifth estate in underwriting lost and end, categories declined of processes a at in in consecutive XX points of our contributed in assets represented and quarter. non-accrual total tightened at steady criteria $XX third reflected XX, by assets the or from down Our with administration more the in other and portfolio reduction. to million loans trends quarters of second on non-performing of accruing and continuation basis our Total Delinquent enhanced quarter September third days owned. real Total reductions total loans. end assets the XX% loans. assets, non-performing the XXXX, quarter criticized and to credit non-performing XX our criticized XX reductions basis quarter, positive points of another decreased At represented
during ratio the for headwinds. annualized net had basis. We loss strong growth credit have economic allowance future loans, September of addresses charge-offs portfolio million, in net coverage third Our while quarter a remained for third minimal. coverage of increased X.XX% XXX% the experience At quarter $XXX,XXX average the of an or We XX, $X.X from at primarily XX, $XX.X XXXX. reflects losses during in June million. recorded provision at the credit assets non-performing loan of receivable to loans of which Year-to-date, X.XX% XXXX, XXX% recoveries we just on losses our and our remains
XX. Slide to on moving Now
which negatively by XX Let me continued losses rate in ratio investment on approximately to an equity our quarter returns. during quarter. unrealized basis provide XXXX update hikes third points impacted interest result asset tangible security tangible the the and to common third To in accelerate our position in portfolio, capital
of September Our tangible as impact not on capital have and ratios. equity in unrealized tangible regulatory XXXX, remained X.XX% common asset to ratio an losses XX, changes at strong do
Directors of Board quarterly remains per dividend last as our $X.XX share, which yesterday, a same announced quarter. the declared As at cash
have to stock the any $XX did of repurchase available we repurchase continue During quarter, million our program. and not stock $XX.X million
the strong me of Kevin. XX, turn all sheet our As capital call XXXX, our remain let that, support continued September of growth. ratios With levels to at back balance to
