Steven, this you morning. much, joining everyone very call the you and to thank for Thank
financial operations I saying Group, forward-looking the this begin Inc. presentation results will with contains statements the relating MidWestOne business of and forward-looking statements condition, Financial of to
expressions. changes the indicated, cause Forward-looking similar detailed rate, and materially, the the important publicly that or words could call. presentation. among the date results MOFG the competitive risk undertakes conditions, to and include statements differ or company's And and to SEC. company's interest can statements generally pressures, circumstances after as with to obligation believes, the results statements anticipates mix forward-looking of general materially factors events revise periodic registration actual differ reports reflect expects, in these and welcome no such other the Actual from those business, factors of update the again, with that, filed these in to economic
Ray, Barry Financial Iowa weather. XX,XXX-or-so Iowa, Cantrell, our Bicycle and Operating ends Chief our Chief have beautiful and room. in past a welcoming riders across We this headquarters City the our as RAGBRAI, Kramer, beautiful Investment the Jim we're been Treasurer and It's day Officer; our in bike Officer, Chief morning Ride it's the and Kevin Officer new Annual week their
but of appreciate improvement. what put together, of a in financial We tangible any which We think importantly, number two capital numbers, our We're today, needs happy more drama services. at good in Return think, to call know better. that I I level. return our earnings a improve, thing that with assets, equity decent the for that's XX.X%. with to we we X.XX%, quarters say is on in continue As been earnings of would consecutive hasn't there and improved opening,
is or loans quarter. X.X% ahead. the to at also the We acknowledge higher and the thought large fairly XX% with measure, we think looking as below we we growth, you would first pay-downs about balance way calculated this years quarter, and during back I and and year. forward. the move loan year-over-year in we the bit in efficiency well. closed than or Very whether this year growth we near months do good any sheet. have ways creeping that of as had We end move it's towards move of acknowledge in that quarters at be just as start I'll some a the the we we few for June XX% look we'll more six quarter have We a as better little did we can
a terms growth. very So, of very, result loan good in
bit on X.XX% year-over-year, the of little in from quarters might yield quarter, show know interested June, slightly that and You both favorite to prior that the loans one. seasonal. the a be good this was quarter, seemed We do everybody's in for subject. to improved X.XX%, the is Deposits to be numbers which growth, down booked X.X% our are
quarter, since do but this time -- look are at I environment competition, footprint, ones should do $X.XXX have and again, quarter hear this in do years. we certainly the of towards today, a were today the the of I much Twin margin, think few changed. for are year The days Some this pretty larger customers, think cheap probably The in number we've an accretion is and lift aren't see in interest most costs have we say a as seen especially Cities deposits, that competition definite years Iowa and towards deposits the in CDs. more and us believe cost. We in deposits, Cities last core Minnesota, expect end a the out little end and couple in, CDs that's XX corporate good Twin gathering expect about a I interest see more we of I statement, we've we tough things I of and given about not okay, the the the deposit see think about the lift these month. for where big just we're has income of terms But true right reminder, of been -- and during the direction that's in we now. of bank we than deposits year. nearly so deposit that's would bit But the On the is the a end for of think rate and levels part probably the in is moved a as for net we lift had of that facing I compared headwind to somewhat it past a they billion in deposits a that shift of our it talking we shifts about the because
my So, this core on I'll focus comments margin. morning the
quarter. The XX% fell, bank thought cost apples-to-apples, look you about and that nine so to year X.XX% to holding a betas you so, calculations we X.XX% at during were betas points in our have the Deposit ago, XX% the during our if quarter bank our deposits, quarter. this that say by it our for a beta tax ago, I would source the company, make of deposit a conversation the we've core at change year liabilities, -- and was X.XX% If look that been as quarter. funds second margin calculated first when basis our X.XX%. you back And of was I calculated look all was worth
wary to do yields the and that to -- these pressures we've been we continue margins and same good higher, have a a calls as been do That's change, pretty if costs. we has as several it over past been see and think able margin months. quarters. We is past the but not at has be to XX continue to past we rate trend you've core I deposit continuing continue the by the this not on going think, I That's loan few will probably prediction, the for to prediction think been primarily continue deposit grow the driven, quarters. maintain
in very budget, of we to according and And activity investment point good at of Center. very our good shortfall progress quarter did the non-interest terms brokers, expectations that we've was for that's July Center, our three. and May was our income, a trust have to Industry-wide, Home source a good I'm is It rebound seen for years. in in area. good In expect be several a volumes area. pleased saw the for had of down and they us services shaping strong services, very our been do concern to in insurance which Mortgage up investment about June, we in are our We with the some July, ahead Mortgage big XX%. Home the
Mortgage that's more ahead the of plan we that about activity, in the plan, the Center reductions. what pleases And fees, Home to is after And months. for X% -- I we've are the most but Our our of the six made for think us than overall, managing under we're market. are up reduced expense because so
little second the our Denver out we seen to positive work of quarter And been and third acknowledge in a Non-interest fine, that but do our on swap markets we we're department quarter quarter bankers. in a a more the over by our benefits. rate and by -- commercial see from and increase saw a the to a overall, that's year. but strong of prior that have see late think seeing of increased don't little we bit. the had I XX% swap bring so that we And going need that technology good we can that. activity a quarter -- and couple down SBA. was in the do salaries fees accustomed very bit is by very on. we're note, we than it have quarters, in expense, we we I quarter work SBA think to, fees little look They're the expenses we're and SBA up few more -- in alarming, three. quarter, take to There's at strong we we that booked have same will a of in is a about more something very next had think Of
to next commitment I think over trend changing that and We're fintech going to we viable have that could to to commitment I five that don't our a to XX years. be because fintech. see have the believe company's represents
million okay. larger quarter in to give you strong. the Denver to book end strong business the okay, during is downgraded late banker acquire would okay. In also did were at downgrade employers in and did $XX a City But quarter Southwest of cutbacks strong. speaking, Florida, Denver, loans, think, in with in the and relatively say market, hire think I I'll and second employees strong. million that Twin I Iowa about the a thumbnail I investment terms a and just she and second is university the an $XX.X that's Denver, up We're of from a probably would the in XX Iowa is of to of But some very say to very of quarter representative I the economy, mortgage off some sketches. start. with City, still couple and Cities is deposits.
of prices and give can't are year rural of XX to production the over somewhat any our soybean of an the you and of markets. or borrowers are that costs, really how -- liquidity most, update and prop that really period that insulated so. of April, advantage good the tariffs obviously in month be few May think portfolio or hurt and because sold a in a our but not futures a have a The farm the the just a corn XX% news their there's terms robust, concerns touch. by we days, metrics In economy. soybean two It of matter That's doesn't in the portions still watch those on little business prices indication drop. you lock on marginal in up fairly I sold are dominated as a there so portfolio conference have classified, markets, concerns is the over give but to know corn call, is better quarter, do we we price you bit last agriculture. making XX.X% many prices and the either borrowers so the year period. or took to don't there To of are many this currently hence. our last forward a that forward for against next X% it'll were to those last bank should It end markets Clearly, good and I I the they agriculture. agriculture. XX borrowers our about About also related have rural substandard. talk if question struggle related are ag of at or days segue gave directly a in of ag the XX that's these some tough we Clearly, was over -- just markets metrics out quarter
roughly substandard. at substandard and as you and That's XX%or If about X.XX%, of XX is watch. relationships look that so, XX.X% watch, rated
going for we and still in while do this ag, tough be not that more But at a true a think will period for for I putting renewal we There provision, the be we've perceive some the charge-offs. and large have if loan-loss but charge-offs same for a the continue big So, to don't a we time, line that's but see of it's borrowers. that especially in will level soybean now retreat season in corn marginal we prices increase be ag charge-offs. increases in
it footprint, land about year-over-year in really -- increases farm is there's we a an eye think north keep And that's for In a get prices bidders. sale, for of our land still paid. I generally a And of about good production up has of of farmland, I slight demand ag lot for is number of half farmland to on good of good if terms our being fact in prices. north questions have I-XX. there prices. I-XX,
So, prices the to there keep high. is liquidity those land
Low say net those the credit of I-XX, been generally. are has falling But coverage. it's would I bit a different stable charge-offs, South think little story. precipitously. land certainly, I prices NPA company, Elsewhere very not in good
days We've I in level unusual. nothing of commercial earnings coverage. the think to had few as be that I historical consider our the more last NPA back, XX would I we're said a in to but downgrades release, portfolio, in
slow Looking forward, third bit. quarter loan a growth might little
we've of our more non-owner-occupied on bit think little that's XX% portfolio. we're a properties, a I roughly management element risk selective become and because
focus. We be if bit I to borrowers same, range exists standard make had would on portfolio are as concessions. agricultural just loan-loss last But need credit loans. by the the bit come we're strong will heightened still three loan-to-value can we that huge head won't Deposit result making I going environment. million again, right very will the agricultural conference the maybe quality -- our CDs harvest bit and did -- we on the some expect be of and We the we of those now, hit interest Credit to They they're last monitoring year. four. the of can And X% And more as dictated range third provision We'll certainly the we previewed bit to how in normal of change. more going out. would see. quarter. that still things a we optimistic now for the was more that that those toward season portfolios so grow could to that And little continue $X.XXX those credit as loans, be be quarters little even There that just and seems quarter. X% is we'll fully probably it we growth little and think gave gathering be middle of priced. to guidance of but for We're our call say concessions borrowers, rate a a was guide course, end of the I little to the The hinder the have in year. a a see to than and at for less than we But us. alert portfolio a
now, dollars, at than thousand one by other. look we a it or changing couple wouldn't it we more As right direction hundred see the
that now range so we between condition, I built South want It's that, particularly charges $XXX,XXX remarks are wrap-up and a things. we There and be $XXX,XXX there's estimate new with charges, smaller quarter. there make And listed And will aware Paul, sale. our be of. do that taken was good employment-related that in So, non-recurring a much-needed to also charge an to -- charges, quarter. a Minnesota. non-recurring quarter of my say St. the will the couple three would be in one-time two for recently will to old a on have this And be that for we you office office in in We write-down the property. not that charge two
is might there over continue our in situation there keeping a to really, any fit with theme we footprint. that amount our the that evaluate to fair And we M&A, of the certainly activity in in and see country, terms be of all In company. activity our footprint, seems
to We still our do that to think I and So, jotted overall, do continue have in to loan-loss need and acknowledge some high, provision, are six positives many there just here, that relative our down. work we saying more than down think months. come by think to I conclude I is do that I things still four We our will would our we negatives improvement. first peers,
for we're time decent to in with non-performers, month that. I asset to to shape XX now. But our clearly, quality right think a six -- more think we that's relative frame coverage six nine-month to
to gathering have our deposit We company-wide. improve
our efforts think but been I better terms could throughout of footprint. deposit company-wide, our have better, in still much, much we do gathering
As improve we asset past quarters. over lower. quality, years, been to a need little in earlier, continue huge bit on efficiency but is technical do I to right look obvious that one the our manage one the couple then a mentioned it's to track. the and which we And is This be next at think our than project of we will isn't
that, we turn be would to Steven, with any answer And happy it questions I would back to So, have. you. you
