about parts. here Only But I still the would. the what of thought good He’s them, of as encouraged Matt, not to first address in chuckle the last call. on this you at we’re course, Thank of to the and quarter wanted much it. very happened I Board seriously, told of quarter after quarter. have you bank and meeting, first had as all you, one our Matt joined our us thank a night that me all laughing conference about he asked what I part call,
maybe this quarter our I’m said, to what played and industry this banks, really and our out we very think a future especially the close larger. But experiencing, could say, cycle maybe that for that even well little mindful thesis I be bank the size, our for With is has of entering.
but to first, cover of I’ll I shortly, net income. summarize that wanted all
we’re For success The about and replay million reporting income. unquestionably net associated the second in Digital of will kind the things of about the quarter, not $XXX,XXX of of fraud $X.X $X with negative rate were or the expenses, that with spread are significant all that DP of at were million locked costs current one-time Bank, about Core our no of which in is pickup $XXX,XXX think Mortgage additional a volumes rate, none pipeline. below even run I run which and quarter, individually
ROA basis the our basis closer within isn’t say, to, or striking enough, several bank. in moves that given areas I of points see of momentum XX it’s good XX the All but distance, I points, think which
happy the this I’m Core quarter. performance with Bank the of
million. significantly, a this were $X non-interest-bearing this and chunky with X.X%, Total associated Servicing it departure, down but about is deposit excluding the Rights deposits only down just appears deposits, non-interest-bearing Mortgage On X.X%, good result. believe only that a which million Loan quarter, dropped that, I left of even we’re headline, including one $XX
both the did sheet on of sides great bankers job. Our balance a
at were we the from terms we reported a percentage year from the when but Core X.XX%. X.XX%, materially was in quarter, margin at Our fourth Bank where down ago up obviously
incentive boils breakeven been can our make we commission been seemingly Southern, we’ve rightsizing possible. and down rates, support and to Mortgage, staff, without levels plans as to We’ve strategies it low everything In and focused sounding on trimming two as different production recruiting. to
capacity that We’ve remarkable as closing, like lenders for believe our somewhere last months, signing nationwide two been to bonuses. the culture, that this looking for -- for even, well, around, break to recruiting million the month aren’t say, I performance for industry. speed in we million $XX $XX is our to Given are a our which XXXX looking nearly our
combined well to fall million positioned when $XXX have a million and around rates year moved us and $XXX somewhere pre-pandemic for levels. These efforts volumes to production return to
In honestly, resiliency pipelines Both are very efficiency yields. and today’s Premium and strong profitability curves their some and we very have units pipeline, see to Life Panacea and good Finance, nice. directionally
non-interest offering in faster signals particular, and attractiveness has this the of from Panacea, the benefited more a in paper, we parties to pathway which credit seeing are and interested opportunities better income larger top and that meaningful their the to sheet put balance and their associations niches finding way Panacea that, continues profitability. build larger brand of On and above weight, organizations affordably. with
solutions things continue on couple capital aware space absolutely technology and Lastly, of bank investment build. to the we at all fuel tweak this his own collectively level Tyler of to and earnings next the considered rate though years. LLC I’m their alone technology that partners medical the build need in have raising can the and and turbocharge that to this increasingly
more Lastly, the advertising nothing on billion virtually no short, spend at Core Digital losses, Platform the fraud with success. nationwide no staff, $X Bank. no the impact and deposit we In almost and raised
came realistically of have close XX we were now, from Platform. they the on customers Right or earning over to netting. XX nation’s them the largest Digital XX,XXX XX% banks, where
age from Another realistically and the is service is deposit a just $XX,XXX. relationships. and community unions, or over personal XX% appreciate The came smaller where banks average over they credit customer touch average XX%
than to we have or in Daily accounts existing account closures. we more withdrawals have deposits multiples
a Last national accounts. opening still the that’s below night, basis we XX are opened sweep rate. points about XX We rate about accounts at
our with And safety company’s the obvious liquidity obvious. is boost
this to done that be doesn’t our in on confident so will and the environment this capital. best all are capital in important Our ratios of and of liquidity in liquidity some when our ratios. And That’s way dent deposit levels a country. place the sweep in uninsured have the
with what But lost may on is the opportunity be some this platform.
same deposits. to checking on have We’re and lower accounts going cost in future the near the success
and Our app to respect more safe bad and fraud progressive is actors. with or functional
levels. impact the to with we expect little spread do as that, incremental offer asset sweep the place, rate we very in And earning our especially with I on
that margins amount. our in some boost by hopefully, a could So, way
for so with The of been and strategic awash no to times brand nonsensical even subpar seemed banks liquidity technology size, leader. being There’s playbook bank has national energy on focus lot or size deposit growth it’s to a a industry in a our our XX build just imaging. really
that as on to them our technology, is rates that customer competition better. fund stuck can to with at a surprised our or this surprise our over push that smart margins get X% the them strategy incremental or fully marketing branch base costs, costs many than rates and business communications, of build with app spread better that customers attention, are national lines customer Our team, accessibility time, positive have that and executive or swaps, is significant to with will humanizing service at
e-mail they tweaking text the in in that I either. absolutely these Primis with how are honestly It aren’t person connecting experience yet, things Bank travel but across I seeing and isn’t even or whether or making calls customers, improvements has perfect with and telephone delivered. love pleased the as it’s doing or country we
Before and it we’ve cannot to is say here you our want both built show. this. back turn What too I We out enough rolled to Matt, over it succeeded or with I times. not thank something loud many staff. I
and prevention deposits not onto just from This are everything up security and dreamed the marketing relationships balance pouring unbelievably affordable app of this the background fintech that on and is We our solution. this effective engineered fraud systems, sheet. the features We idea.
our thankful team, the for effort quarter, I’m it’s for with that work just answering make and great to Digital of rest stepped calls this this has working Beyond the quarter up successful team. bank so our and this customers and
All right, Matt, with it that, turn over I you. to will
