Ken. Thanks,
share Alliance's growth billion softer average while equity the to warehouse compressed of cuts $X.X $X.X costs loan basis million, $XXX pre-provision environment. We premier as Provision on income cost mortgage market period-end increased and gains $XX approaches. from million of as billion interest deposit positioned X and Securities has generated continues a margin lending rate proactively amidst industry QX balances as decreased by we profile, of to $XXX from billion net in to to well quarter of $XXX lower in for $XXX income increased million revenue. $XX.X elevated costs at to Mortgage $XXX of reduction from find million are million an quarter-over-quarter and ECR second million gain primarily million $X.XX. net expense billion benefit During loan space.
Considering income for of growth $XX XX%, rate warehouse was volume Noninterest first our lock $XXX growth increased net bank XX% cash points.
Noninterest higher growth disruption expense million $XX well while $XX.X sale become revenue in the enhanced by group interest lower and and resulted of as increase $XXX held $X in Loans grew further $XX end. investment income as deposits Alliance increased $XX industry amidst loan Net production from billion the increase EPS investments in the million, from the the Net rose trends yields. interest quarter. asset liquidity quarter deposit allowed deposit growth quarter-over-quarter charge-offs. borrowings. of as income million quarter-over-quarter, million well attractive earning first million the above quarter, due Western this commitment deposits mortgage rate exceeded Western to believe these and the
million land billion.
Deposit tech and encouraged residential and have have mix and reduced On C&I banking warehouse in Loan CRE we diversification [ was concentration. continued primarily categories Banking continued growth led $XXX grown was $X $X of and tangible innovation $XX million, grow should loan $X.X of from and loans consumer consumer growth of Loan carry Mortgage interest value $XX.XX. by traction to XX million. in warehouse, channel. we billion channels or driven X% are diversified deposit quarters to $X.XX purposeful which consecutive Finally, gaining, rising Non-ECR, share growth and no of per cost. in offset March our its mortgage that digital continue in deposits of or the X C&I direct reductions by posted by book and growth our while fund our a in construction expansion, drive imputed deposits which year-over-year noninterest-bearing Juris growth basis, are followed growth loans the ]
net the recapturing our first quarter's to accelerated from efforts liquidity us decline allow Completing now securities conducted total drivers. on points increased basis build sheet The related since quarter. of larger build in balance the more higher-yielding to securities. Turning X/X X.XX, prior our yield to to interest add XX repositioning HQLA
includes Back total the environment. to while loan The solid exceeding steady deposits of first momentum high-quality $X.X to average due points increased cash X in liability loan of of basis balance the more borrowings.
In funds repricing the rate liquid noninterest-bearing higher loan from a a remains securities position increased funding.
Net as growth higher from the total assets full at points earning which compared margin income Our short-term growth aggregate, by interest basis the cost $XX average assets.
HFI from QX to as last basis net billion. X quarter. average XX% to in million the asset unencumbered assets XX% yields led interest mix X end liquidity increase quarter's the expanded of securities quarter. points well towards XX% the cash were quarter period-end declined cost to liquidity deposit a and basis X held cost in X.XX% points balances, of impact shift Securities from balances higher earning was weighted from liabilities asset billion into interest-bearing the was ongoing deployment X.XX% paydown a to and due and this as toward noninterest-bearing basis point of from and first benefits of quarter decline X funded $X.X of of
for costs average primary to growth ratio balances. from ECR-related was XX%. is $XX improvement. the million higher income efficiency interest quarter adjusted Deposit deposit increased Net the contributor this Our
these were earlier, flat balances securities purchase higher strong rate income net funded interest and commercial growth essentially that propelled growth. quarter-over-quarter. expenses operating noted As loan floating Other
asset assets. earlier, million basis to declined classified XX of assets in quarter quarter. $XX quality Nonperforming normalize. to assets total were mentioned Ken last As Total essentially points the continues from flat
paying NPLs excluding to move agreed as Diego the Ken cited estate. when Just are that of we which under San real property into X/X expect earlier, other
or loan charge-offs Turning to in net to XX basis loan were Slide with -- this and Diego the Most average expense growth. were cover concert attributed of reserves million charge-offs $XX.X $XX.X of of Provision loan points properties. million office the loans. Quarterly XX. San quarter charge-offs net added growth quarterly
basis ratio XX% from the million to funded allowance and $XXX was points loans loan covers unchanged loans quarter Our $XX XX ACL loans. nonperforming funded million.
Total increased for prior to of of
low-loss loans indicating lower levels resulted growing than in years. on is categories a focus Our has some reserve
XX incorporating lift XX to our first categories loss insulate no-to-low-loss equity as credit-linked points loan effect notes, basis conduct first $XXX portfolio portfolio in for well fund as to unencumbered slows when us credit XXX the Slide from ACL notes, like which resources, in credits our loss we us the our million mortgage mortgage we leaving did low LTV $X.X risk. specifically, have losses with an and insurers warehouse possession, credit-linked X loans.
More from residential that billion on
at these no insurance, origination, an debt-to-income have LTV is loans of slightly to residential with and lower XX% only not our mortgages ratios borrowers which of losses. For FICO at XX% by now have XXX and scores covered incurred
in banks pristine include credit we up a and have very For other ever ACL EFR institutions. and warehouse loans have large not locked call capital risk book low loss, of for well. had categories other credit, proportion experience have because our a we only a this had in as but the mortgage the We
supported realized Our by our reserve low level losses. is
look years, credit charge-offs X last our Slide low loans. mitigation net these the have the lending we present historical which our We [ [ -- rates of to performance, is median migration on advanced WAL discipline, consistently along for average ] limit discussed nonperforming shows ] employed strategy, peer back exposure.
On XX, on X approximately over our with ultimately proactive X/X
one top peers. Over the places right past decade, we second Xx The quarter the in the shows #X inclusive and last over numbers table the the X.X%. charge-offs, in net on only among in third us allowance ranked our at
years group X is last covers Our of during net second best our book duration in the of this which X.Xx, is ACL by the charge-offs, loan the our also timeframe. which peer
ratio XX%. CETX remained Our
assets common tangible total the organic down to and exceeded X.X% categories as earnings. capital growth ratio low-risk equity points higher approximately Our accretion XX from basis of moved QX asset from
Notably, when ratio with capital loss CETX and viewing group. a on have it's to Slide evaluating charge-off higher to the think peer ratios our reserves our of X net X/X our ratios only WAL. balance XX consider sources than among ranked percentage AOCI helpful assets, X the top I higher the as adjusted of ACL in absorbing over other of capital XX, sheet risk-weighted last with marks we -- capital peers loss months,
to share equates which Finally, growth, earnings per tangible $X.XX book to an approximately rate end increased from $XX.XX of value XX%. from retained the growth of to QX annualized
consistent Xx value tangible since upward the Ken. trajectory of the end has call by and book peers outpaced share hand Our per back now to XXXX.
I'll
