good Thank you, call. Jason, of afternoon and on for morning/good you and joining the us you, thank all to
and the Dubuque, Denver of in loan our saw our Chief rate Investment that remarks good Ray, good as We On roughly and XX.X%. production. and the that have we preliminary hurdles lot our begin few is growth it good quarter We things few of in Twin we First a to MOFG, Sims, due what quarter was thought of Treasurer we Overall, our quarter than discuss higher do we release. And the Cities think excellent was Officer. many well Officer; Iowa to moving earnings and with in to a I'll was an had acquisition. think Officer; City, Len our just parts President; had Jim and income obviously, the growth in you annualized and today for Barry this clear very going a Financial Iowa, Devaisher, core we linked Chief we in reported Cantrell, a call have our morning forward. Iowa Gary say with Chief have as Credit I
the We third also a pipeline quarter. in decent have
a closed. of if with Along is asset total can't have in the Iowa-first significant came we loan improvement terms in is good perspective, year but charge-offs going to at the of X.XX% NPAs. indication, July a still and ago, with X XXX And we saw payoffs, at and assets, production decline loans. nonperforming of -- July a of addition by points, we any for today. always, stand forward. still the good X.XX% also in loans of loans, basis strong, total NPAs with should predict you some assets Again, saw were X.XX% give we allowance we have nevertheless a And our Nonperforming we Net believe progress. total note a basis outstanding did at quality. even growth, credit losses, loans we As divided we that relatively in of we points
outlook, far As as far as as the see, we good. it's credit can
recession. But of all somewhat as -- We a are hear talk nevertheless, the well, we we clearly portfolio wary overall of forward. of that. we is feel confident go performing our clearly We're and
to deposit rates customers us, X that able flat to able on do we to just acknowledge note were defend part. of increases that's pricing also the do low-cost be And deposits due In rapid that change In Fed down seeing And for think of deposits. most hold banks legacy appreciative pretty on the the performance our total undertaken. the successfully first acquired we bank, good very the terms I We deposits, quarter. the million we has that good we're more higher base. essentially were $X and a believe deposits, We about will and to in the are Iowa for demand strong we that. deposits. that. We very we think bring We our
interest the In points. basis of X net increase margin of terms
forward. X variable And although as year is was rate although XX% reprice margin need We our better the that most the of roughly in very can manage note XX rate is bulk being We has XX or we as competitive, loans as we and to for days we less less. variable it closely it do have of and loans nevertheless gotten going still days than during better it the part, ago. the quarter, loan define
have see to for on assets up in X. first before. unique have to you of the In $X.X of the had first It's certainly get an would MidWestOne, would increase down XXXX, And clearly has surprise this our effect employees. we income. the million up noninterest terms benefit in note is Eastern be we outsized wealth market expense. those Cedar is, of will do management. wealth but legal located wealth later our I terms we rights of Iowa agreements expire, it's no from that see production recall competitive income, noninterest which that this It's management, saw of meaningful to in of servicing did we subject show believe in in not agreements, nice would will we of And agreements but the and to a non-solicitation one are under mortgage been mortgage We year. behind continue over continuing this Rapids observations not under this we quarter X terms November, And in quarter on do think They ongoing, into I to increases We've generally expect area. and predict. will thing assets about declines last half us. management XXXX. management, be expenses continue the brought a when market we be is talked ongoing The I team those management will the did in
was expect capital do that to we we exact. terms We've currently we if share, program, that's of at $XX.XX our under of regulatory Tangible the shares capital affected to just I good in by bought AOCI of $XX adjustment, you, a opportunity be view. we going opportunistic by and First, was the acquisition also adequate own but reenter about all-cash of the think which management, And only continues be equity were or XX,XXX that not our to price an a think less Iowa more acquisition. good In We more stock Iowa First market the our words acquisition, paused than per see few just but remind will I forward. value. common
specific months the just were said It were us. And were this integration we able Finally, smoothly, Fairfield that took smaller call, We a issues And asked of as to partly questions there long first It time to close with took X all almost we the that. gain was to for of report. X National last banks, by no being in integrated any accounts, extremely approval. weekend. approval to work. First process the Bank the of quarter
and on the be earnings but are Financial cost anticipated saves, would better cost or than that mic, with accretion target Ray. the especially Barry reported XXXX. transaction, We I Officer, think in exceed estimated over saves exceed do so speak, XXXX, to will meet like in and to our to turn previously on Chief we to that, And our
