always and results maybe Jacob, on or afternoon MidWestOne to Inc. statement good call. contains Group, this Thank statements Financial operations forward-looking morning, good and and you relating as forward-looking the this begin financial us remind thanks wherever you I'll presentation condition, you, the with morning and of for the of joining business
materially in and Actual reports from discuss way, the of since do believes, May August as registration end obligation of indicated. X. any on cover of us our Forward-looking to loan the many for change ways, loss but I'll periodic Company's those issues normal this our statements interest quarter the statements results anticipates have being transaction, this competitive of my general Mortgage detail of other undertakes in Center. of with size At internal factors issues well transaction the reflect could after quarter similar words paydowns rates, And SEC. close things updated American plan the Company's mix these our differ last the the actual as I differ out significant guidance pressures, as ATBancorp important generally the say our also economic in for shortfall publicly events expects, with expressions. cause detailed Company, a expectations, provision, to will this results to short own high that provided that the forward-looking those we risk again, I of and three the that And we call, Among no date as slightly such Trust the will was not in could Home I in presentation. and and materially or caused fall to all those would loan projections MOFG a revise update conditions the business, include statements circumstances filed that for three or in to factors are three the unusually the that remarks.
overall good of loan for we only loan the credits, balance those growth, the the it's bad about a let's limited growth I nice and loan our but thing. the were during footprint. quarter, pipeline the a had sheet. for paydowns modest which paydowns, $XX more paydowns period were minute that unusual for we City is the out percentage amount good very the We somewhat is of showed see to million reasonable And talk balance activity a that say is time. the sheet. this which small still a Iowa true very Watch throughout first unexpected. So more and than loan But flat always Perhaps I rated market, would would second, been note growth in of that of paydowns on importantly, has not added
there. pipeline good a have We
lot small are cooperative. a and pricing amount had unions. we a year-over-year gone, cost modest it's say, us. of funds that for quarter-end. all-time has But money for they guidance a feel The institution of our feel that And the the Denver, same growth basis for competition large Basically on have bank quarter think points that we Cities in loan you'll an and our hit their high quarter, year, in and have tax cost is funds is the we've and money very, earnings in the seen. up pipelines on life that and competitive and footprint, as more and this terms Deposits large comfortable Iowa Twin we property X.X%, banks, to throughout for very to release, healthy meet deposit the the indicated this quarter for depository still funds and and increases in our briefly paying will X% at that check. XXXX. hold XXXX. And may our our projections fair during still So year-over-year is XX we deposits. for City X% but than up was to were competition strong X% it's is good overall I are their lot all of banks, of of public note is for goals is company. we FEMA of unusually to A confident which that credit any historically making it's deposits funds our This difficult been the our of been showing in most
think seeing we'd under very originate loan able we're alone but now to for loans sure flat hard high-quality hurt Additionally, flatter, We're that on I space. above be get Overall, in or the yield and is as pricing on pricing, curve leverage X% it the – example, deals. deals not average, lower still trending treasury the X% we're on with like think term to treasury and very, with the it's does that I'm curve us. commercial for hold think curve but really Fed's the say seeing is one began some banking The the quarter release, five-year to raise is. that any The since we've and fall seen basically earnings probably I X it this the again, in market, core in filter margin not deposit had will I Fed if have basis being X.XX% on new rates. question from going to on the yet. to is And stance I largest points was we I X.XX%, fell think biggest to that’s through
will soldier my flat difficult. we is continue But again, curve So is theme to yield the main on.
in cold lending, experienced Center. in catch and catch quarter Mortgage They for I Minnesota. start weather residential loan has terms been the up In think non-interest or Midwest, a in a terms to to plan to had of we Iowa nearly upper month with that With of income, in in annual their had said, very the expect and some Home that quarter. We of that April the large I'll do second the with especially closings fees. slow up
So have we don't worry a of significant that. amount about
were In in addition, with treasury the we movement also caught rates.
rights We a servicing than have expected larger our servicing on of portfolio. adjustment $XXX,XXX
positive quarter those together, we've two originations Again, the was Home the second quarter. do, but when So things you control rights in very can't servicing long Center. a had time the the what a look probably put slowest Mortgage in it we for very,
very SBA overall. addition, sluggish was In
think will this with that a say and past also be up on calls of to to do government I've their good They in Denver that in the our quarter. the they shaping and banker to budget Some are shutdown. tremendous is second a doing I'll have had good They annual back second said pipeline quarter. again have And job. a
volume out in outstanding very statement, getting very, Company's SBA our and important income that our are Denver banker and to of to expect We continue. we
quarter, of had wealth a nice good management, gains. In year-over-year trust investment and fees terms
contingency are those insurance to that expect of most for when with payments part business, continue made. quarter We the is who you insurance familiar agency, The on. first are the the
statement. have our payment, that we So a contingency nice which to contributed line did income item on
in it's much to going second second of think overall, and be was the company fee as as we beyond. results in quarter about low I terms our the quarter and better for So income, expect
– release, run I In we're $X.XX terms to of from to miles did the we be due expenses, rate. per merger-related fact to Hudson, away not reduction share note, we earnings not going expenses have that the $XXX,XXX will or North office the range our thing office. $XXX,XXX about to was annualized And one think to Wisconsin about close in lot a that business our don't an much that in during We expect for expenses quarter will five the Wisconsin. in announce added that. $XXX,XXX in say Hudson, the the that we attrition attrition
we're million, quality. number that were In a portfolio. comments are and of five in quality, terms asset smaller credits from a or represents issues smaller think perhaps issues asset have now I of in making lot And a the on progress loan identifying identifying sit, most we're $XXX,XXX. that loans than the in I up less I four of Non-accrual our $X.X And credits. few where of credits,
I been larger we’ve think the through credits.
very I those And think numbers progress don't I change We’re and the reflect comfortable. this reported see, that quarter, soon. to numbers the expect I
did we the on rate forward. our And We to a loss will $X we basis that the going moderate the of quarter, give loan $X first million. guidance million first as run in little larger, to expect was while quarter in it that to than provision continue
different is asks couple because and always comments disappoint everyone portfolio. for they've than our about a been MidWestOne's X.X% aren't of Ag, really terms In sorry Ag years. to of much I'm everyone, Ag, of
look Let – for still we're XXXX. high If bullet yields the I XXXX, me and and slightly generally through low for renewal That's are Borrowers practices seven pretty well well and prices. of fared that debt ago, loads of a surprise give six if the in as reasonably poor picture to good farmers, And a points our projections doing the customers we crop good you in the did terms cash XXXX. that at are flow made who or crop cash number customers a reason breakeven is with but There in four projections for and yields not reasonably would generally are season, lot to big say money a years positive. as Those soybean for had that corn flow people. not ag. management well look fare we now primary our well. of commodity well,
And watch mileposts, down lower. slightly the important, credits. lot because A a these to million still ago, and on are peak mile later markers years get that X% Land substandard XX%. not year prices, or for and that's six down land had a X/XX/XXXX, so from you in the So just or five bank, pledged location, $XX we year-over-year could One prices at their ag ago. but significantly the our give credits was depends be that portfolio. tariffs three I'll any our which X% metrics of XX% but on XX% year decent thing that really under credits for million, relief because positive lower, $XX to we all, to land is at borrowers. if of
improved stress level has portfolio. be credits has the slightly large period, been seen that I If if experience we've where from ag charge-offs past you the continue will category portfolio the that as charge-offs million unreasonable, $XX during administration But MidWestOne, Again, say watch in the does reflect XX.X% in in is substandard. I portfolio a look I time amount again, overall level it so portfolio. about will the XX% think XX.X% not look significantly. from XX% we the been economy. or that entire watch million. and and sit $XX.X progress you would substandard increased the ago, ag we our the substandard. that, And say in That's given at to I from was has some at ag I substandard just not that portfolio under had of And in of higher classified have year XX%, that to that management I to down that confident our of our same at just to in
repurchase of it's capital, the an repurchase to we complete to itself good report exam when recently quarter, at continue hit that front. Miscellaneous that of the to did the we during FDIC program. price we unusual see terms opportunity we note, value and in with did continue our nothing items, presented on really very In shares points
good company, expect sure approve news changed costs August. be. terms division. a of do Transaction what And everyone, this retirement Trust news date That news. for and X. projections we but it's I'll XX% these that frame. during know the on since remind not or be disposition is is earnings XX% costs today, of the we last share because is regulatory have a one approval didn't close since would August, had clears American last in our put because longer required close materially last accretion numbers little accretion, XX.X%. excluding The because be will the a is project to close. will had this in up was parties X arduous We excited and ongoing close It's share are between range took transaction wind saves. XXXX timeframe to XXXX most, place and been We going projections in to that well. desk of took the process, that in I projected negotiation few than In time the feel to bit that but close the per three August, long we I and May we the to May my our that everyone, the which or good for that run the give execute attribute understanding We took an in in that to long XX% per has on earnings higher, our a to Trust the the rerun a order, the that about tenths very percent. of the ability as and XXXX we short bit range, and cost think projections very to good transaction take being all we been completed, exciting for which think American our out the time transaction, for We shareholders not did
has completed fact, much already. In of that been
yet of is their or so a peer by very benefit that very, initial time. that group, maintained banks' importance look above think thing when quality One Trust, asset do, be can a emphasis the our We asset that to Trust at growth, in of the renewed we have you average but on has during and about little focused American bit deposits. been period that this never emphasis that. on has well core company two we continues having good to feel quality American deposit
dynamic that. Department about branch And of we've good attrition very bankers, that a that our that very, Department in company had all part has adds essentially American I maintain little large be Trust than before. very much again, we commercial about remind the and able haven't again, will Trust the announcement. statement to bigger will triple, banking to contributor that large that. have in and forgotten locations, in excited a may team So over the bringing their that to past. have, Department Trust commercial They since MidWestOne excellent and the in new network. think They those it I pleased we're will have And trust Certainly, been who been our a we're income
I we do our the So growth rest the and look to getting that revenue normal return and growth, ag, two. the conditions our exception to of of business summarize quarter where are such this throughout that forward growth income that's would in say footprint, plan we back to expect certainly with we loan for topline And non-interest to can show and year.
the room, be and Officer; Officer; and Chief Credit And answer our Officer. Financial our will Chief Cantrell, Kevin Treasurer we have in you our Barry who Chief Jim Officer; Sims, we any Operating is Ray, Kramer, happy have. Investment So to Chief our questions Gary might
Jacob. So I to turn you, back it would
