joining and pleased and morning you you Halfway thank are Thank XXXX, through we by for results. good Capital TriState us.
period tangible the in and June peers six us $X.X net in we’ve to and common income credit our income; loan for non-interest to in growth industry. by Comparing XX% XX% X% common net in months the and funded set pretax XX Within improve already of months And interest shareholders, ending growth continue year, and first in superior growth similar billion to delivered from XX% equity. metrics income, billion. the apart the growth growth in results revenue, XXth, last Capital available our XX% fully grown XX% deposits income, growth $X.X XXXX TriState of growth
set results year for the bring we goals financial ambitious XXXX. the achieving Our to full performance us closer
we this shared assets January is which of reach in goals those $X with in year. to of One end total billion the you by
June more than $X.X from TriState during business XXth, achieve Holdings' prior. in rate, As than we balance at strategic we've annualized Capital assets second XX% of the this grown growing well assets quarter billion With more billion $X.X one before expect adding sheet goal to year to yearend.
growth of of strong year balances increase business, lines organic grew this prior June Driving $X.X at March within XX% strategic asset from to compared billion was our XX% as one annualized growth total and XXst. record XXXX, to XX, loan an some nearly
of growth client our deliver XXXX clearly rate is goals organic executing XX% market relationships. our As one this position XX%. and double-digit strengthen a continuing loan we're of to while reminder, to on to at And a
cultivated demonstrates private of to and products, businesses highly firms, high individuals, ability significant Our net and our scale. trusts of which to intermediary experience access solutions a be our financial banking worth business serves network premier provider on
demand first to we from second applications XX% by loan the seeing XX% banking or the than continued during $XXX healthy now relationships at linked to quarter is in a network throughout taking, first loans these XX were originations continue Private in more of first loans category the making intermediary franchise. quarter. fastest-growing quarter, quarter $XXX $XXX our our depth growth national financial $X banking million reflecting remain loan banking of XXX and our the million XX% We Private for banking firms. and are client Private for past months. balances which compared up number our billion loans. end, up of threshold time premier Private loan the the the cross lending reflecting million, to national expand increased
experience exceptional valuable provide to distribution made technology our and The innovative in and proprietary us an clients. allow private our we financial to banking talent, investments solutions
XXXX, and and our officers more serve enhancing specifically intermediaries advisors, ability For to digital we appealing, trust their help to initiated digital in example, an them that investment is easily, in clients our more effectively other designed environment that platform high for lending we net worth
banking XX% are of our fact, coming platform digital In all lending incoming our loan private applications today. through
of marketable loans addition the us commitment our independent enhancing innovation platform to that investment ability through positions client provider advisory a In of this our key and as power nation's sustain is leading digital to securities to business, growth back experience lending of constant firms. part the our
banking continues growth. formidable commercial also middle-market business Our
Total commercial from loans June one to grew $X.X year XX% billion XXth, prior. increasing XXXX, at
that. repeat me Let
growing while exceptional is organically peers. maintain excellent our to pace, credit We at commercial continuing performance compared This to XX% loans are quality.
NPL real at $X.X quarter commercial million. commercial just basis quarter estate million to $X.X linked median Second $XX commercial ago. loans mere we XXXX. at XXth, loan the come portfolio, of XX from relationships points end our basis with the and billion one year quarter loan have underwriting in while on loan our The million, set X data. based quality was X which comparison, originations helped loans disciplined and $XX maintain were strong recent billion origination to reported asset quality basis combined to $XX us at an and the from total non-performing points high-touch improvement that most of A expect billion us apart you basis June metrics us And continue points asset from XX loan By peers. ratio the industrial and Bank to points an $X reported of
basis of measured for end loan non-performing $X.X on XX which highest second based loans, recent in March the the June remains quarter points at allowance at quarter assets assets to of non-performing from quarter, points XX the lease basis reported At than of the data. group improved up made NPAs Our TriState XXX% basis XX and losses more levels and same basis peer industry. among Capital's most of assets of The XXXX. points at XXst just X XXth, total end, million $X.X points billion of
Pretax the year. last of million second to $XX.X the the quarter increased was for to Year-to-date period income up income XXXX. pretax same year, Turning XX% income million, $XX.X statement. for
million goal year full financial in commercial a $XX.X pretax net of second is income for contributed challenging and XX% and rate growth the to level banking XXXX, quarter half and which interest pace achieved grew performance to of of the short-term interest growth the income XX% drove first For meaningfully of environment. even to double-digit at loan a unchanged. our LIBOR Private a the in growing record year, revenue double-digit of light
company's and our also half to We've continued enhance were XX% the reducing risk Fees from interest year-to-date compared first customers to XXXX. which is up swaps impactful by of the profile. income commercial non-interest rate
quarter-over-quarter in closed While swap borrower on were pipeline, few fees first XXXX. of will Based full July what down activity swap year is remain the believe and in we weeks our healthy the about quarter already $XXX,XXX. third in
fees prior about for Of to compared less down up year were the quarter Investment Chartwell first Partners the Investment compared X% for second largest course, of six subsidiary the Capital's from management quarter TriState $XXX,XXX second period. income. non-interest investment or XXXX than the the months X% $XX,XXX our of to and were to or contributor management fees XXXX,
the we place at whole have surpassed and management Two has While about and industry no billion in $XX this business Chartwell optimistic of the team in to growth doubt pertain we're our have in as management a confident the opportunities organic organic through asset faced growth double-digit very revenues challenges, investment and goals performance today. Chartwell Chartwell of year-over-year. in under acquired Chartwell XXXX we delivered
year, of to significant very during work have unchanged. the remain goals performance remainder do we our the XXXX financial While ambitious
teams and Chartwells We have taken management decisive growth. continue to portfolio our and invest action distribution marketing in to strengthen support
One of with Chartwell's is changes significant year the this we most Income Berwyn Fund. made
and Berwyn this conservative Income trend. seen Fund significant have outflows know, may the to was you strategies As generally allocation subject
XX $X Specifically significant outflows the segment about XX% months a Morningstar over to AUM. of decline the has equity XX% XX% of resulting categories in about net billion of the last seen
we In And XX% XX%, strategies equity of inception and to while flows high fund performance limits the to this the par, been cash. its fund Morningstar levels portfolio net conservative allocation candidly was up addition, holding of it strategies up drifted rating allocation stars portfolio the had some and by intermediate relatively since well of management including appointing below March not were performing David and income the expanded new year, who together brings of to fixed and and best Dalrymple Berwyn which Andy from top and the team Income run strategies. X. a In Fund went of Chartwell, this X Toburen, repositioned brightest equity
performance Fund's with team already in the preserve of income current place remains the have The to seeing quarter. the with believe capital. Berwyn that reverse the right this we recent benefits seeking Fund's while trends. ongoing repositioning Income second to performance necessary And providing to unchanged Berwyn we Income deliver investors are the objective We in
the we one and Overall have reinforces of performance. ahead active its quarter. managers' through investment were Chartwells at manager. end believe performance AUM products benchmarks highly strategies confidence in respectable this asset were into three performance. their year ahead our the respective growth year will five our XX% performance of for XX% second for XX% potential in were of We ahead of for year performance superior investment translate the the
transaction. range opportunities our ample rate consider offering we've which us for evaluate growing with and perpetual to about with such been stock grow acquisitively, to options XX% preferred of continue to a a business earnings combined retain this We a at of provides growth capital
for environment sellers realistic. and offerings. or immediately how committed motivated and that potential in more pursuing be That terms Capital TriState will has made shareholders strong market of fit deals to we culturally expectations The our to only said, firmly and are products pricing strengthen our complement own both Chartwell, accretive
national and since. balances off. approximately management we to management management that we've developed client we deposits. super to investments area the traction management $XXX investments offering base. XXXX, grow a strategic is treasury million have In treasury by billion. our clear competition, a to made short liquidity make we've our Another grown program efforts franchise. treasury management sophisticated are enhanced regional time, capabilities to And deposit deposit support Year-to-date, $X treasury and high-touch and service And growing those our under rivals team proven paying it's our significantly in In little increasingly relatively where
adding pleased in We're very our management $XXX million goal in the deposits we've toward of treasury with XXXX. progress made
to institutional About build About in maintain sophisticated nature to rates of are also relationships of rate We an balance considerable with of Reserve deposits durable term with with our interest of XX% set or are depositors. are a with commitment other reprice deposits our and seven-month XX% Federal risk pricing our nature indices. deposits as management flexibility duration. we up
rates. loan is a expect short-term temporary basis we to LIBOR lag spread XX of compression Reserve points, overall due to The margin our Federal declining pricing XX in normalized and control. in rates and a return Until balance deposit to
We focus growth to a are a going short-term retaining relationships. In valuable high-quality benefit. for or relationships durable, winning trajectory long-term building we're on and long-term client forfeit continuing short, interrupt the not business, earnings to our
rate fact, competitors we flexibility allowing is pick share or view in not us deposit current In environment long-term building up the helpful that have our our franchise, do quality clients from to our philosophy.
funding some $XXX,XXX. paid on the we're Xst the While debt, subordinating $XX interest of reducing the cost, off we on by company's million quarterly July topic expense
in a of growth delivering been and declining established company both earnings consistently has As of XXXX, periods interest achieved double-digit record rates. rising during annual
to in businesses revenues companies are concert helping solid branchless lean Our operating , leverage. to that working are three generate drive
as assets peer balance invested achieve In XXXX, just non-interest further second average a expense a dramatic Even consistently to quarter assets products organic X.XX% Capital's talent, as compared of in technology non-interest of percentage sheet of below of and expense median average that to to improved peers. the is X.XX%. growth. TriState we've
reported for half and first our which XXXX, Bank June Capital the by ended prior Non-interest compared year of year in XX% For grew XX.XX%. technology expenses months that made the investments business to ratio the to XXth, talent an we've six period. of TriState efficiency include grow the
have relatively and a We XXXX of record risk -light small the our managing us position business remain three single-digit and expense low ratio among earnings space. of maintaining achieving of for our lines and growth very execution We year double-digit services to highest a the rate efficiency our XXXX. with goal growth expenses and and committed financial the maintained competitive cap combined believe full two performing mid-XX consistent in strong nature puts a of a companies capital
$X.X $XX Board XXth. in Authority repurchase on that our customary to in mind, the subject regulatory granted With was to stock available approval in that million addition million June
execution over to with intend be growth just the through average share. repurchased open in in has Midway $XX.XX accommodate we always, XXXX, Capital's of company million market million the purchasing of were position. we common X shares conjunction in an about opportunistic As $XX.X XXXX, at October Since believe and stock buybacks we a strong strategic for the TriState per objectives. approximately our can stock cost
of investments lines. history strategic opportunities in us performance behind management business highly and our We proven ahead commercial have tremendous banking, and private investment a strong that are banking productive and
are never strong prepared for has set ask teams execute morning. pipelines position been across my ask remarks Our our better this goals CFO are fully please to questions. we've That concludes open lines for And our the to XXXX. on the and David join Demas, our board, liquidity the -- I'll supported Operator, me Q&A. for
