Jerry. you, Thank
trends from fees, stabilization Turning cost as higher Slide activity. The quarter primarily the X to the timing stronger were to industry-wide margin points ongoing to which was X. X.XX slowed Net down the payoff deposit to interest the due and loan due of quarter basis compression in fourth compression continued. third pressures quarter, in third
stabilization overall $X.XX, compared stand-alone. to as margin December September margin was However, continued was our which stand-alone flat
income also has has our The growth stabilization in in loan stability moderated. interest the as driven margin net
the quarter in loan fewer the payoffs fact, impacted quarter-over-quarter environment, fees, since net XXXX. time income, of which for excluding increased have the by first In interest current been third
positioned but yield benefit normalized potential As more Jerry sheet a specifically, to balance rate is more from well cuts, curve. mentioned, our
when a deposits hedges. flow adjustable We $X billion rates, immediately cut. as rate reprice is explicitly of includes This well interest derivative short-term adjustable cash as have over tied funding potential lower should to which there
rate loan interest to XX% rates roll-off which even In down, yields. the higher addition, origination new relative when should blended reprice our continue portfolio, fixed is come to given rate
X. Turning Slide to
from impact This on You a up portfolio moving just XX originations yield point basis has mid-XXXX continued fourth fees The roughly down portfolio loan can to see portfolio basis the points steadily increase, also X yield and is basis is point This from the the impact declined Loan in had an quarter our higher. loan moderated. third XX XX have on points to yield up year-over-year. quarter. the X.XX%. have basis securities payoffs as new in
While as present has have second basis XX to in the third we growth basis portfolio themselves. costs XX the the and moderated, AFS opportunities points down just increased XX basis Deposit quarter, from loan our continued grow quarter. in in fourth points points quarter
deposits this across While is for remains driving still industry. higher deposit slow, to the continues and costs pace competition
of helped borrowings in levels overall have funding of year slow the reduced to Meanwhile, costs. second the half
while to come to I an year which Time billion $XXX the addition over immediate to be short-term funding Brokered mentioned Deposits, next to benefit rates costs the we million have rates, earlier, $X In down. of Callable interest funding a funding, can additional including of tied over start Maturities less that time and adjustable Deposit as
to Slide has continued with and interest revenue to Total margin Turning X. net well. as stabilize income the
You'll income notice that the noninterest in due fourth not in third income primarily $XXX,XXX declined reoccurring FHLB the $XXX,XXX prepayment quarter, the quarter, to of quarter. in fourth
Turning well to remained in XXXX. controlled Slide very X. Expenses
increased with was Full is our year the expenses noninterest in X.X% pace we've XXXX. which XXXX to below line X.X% growth, in As grow in asset growth time. the of asset in generally goal over past, expense said
higher of actually year. salaries Assessment decreased and majority increase the FDIC costs, Insurance expense benefits to due from fact, In last from to the while was XXXX XXXX
higher the the in bonuses saw half our due down expected, that paid as members of accounting we As also in the technology. to investments well to of adopted that mention we expenses investment rule as the to accrual line. credit primarily second year, all tax for team of tax from tax early I NIE retroactively expense a income our amortization would moves and continued
in fourth headwinds. feel We expect over has year still expenses, technology We that highly to quarter due to to continued in it and relative throughout to maintain With key ability turn efficient XX.X% other Overall, people. control operating efficiency our still making the revenue Nick. that, while remain primarily increase I'll our and good ratio banks to business, about model a the the the to investments our case. to
