Thank you, Scott.
into quarter during Chris review in the to basis the our in and the the second. the Scott raise I'll diving brief with sheet with interest X.XX% quarter. Before and begin net start of expanded in our margin, X.XX% as first a the the from improvement XX balance and points I capital objectives, which, will mentioned, strategic
in period, X.XX% stable periods, X.X% from Our larger above to which continues quarter, a the XX QX in basis QX, reported ago in QX After X earning year the QX. points past X.XX%. X.XX% points remaining to loan and the yields this is increasing yield asset relatively improve, for to X.XX% several above contribution in increasing made basis
basis to yield, slight new part in the this led second. investment X% in first Though the of points in overall investment was by available-for-sale the X.XX% quarter to approximately down due which maturity this the in yields toward shift mix and portfolios portfolio reduction a quarter yield improved from X.X% to X modestly [indiscernible] a
have securities safe, rate portfolio higher the balance more and noted enhance ending revenue. in the calls, in we quarter vein, recurring average liquidity balance. quarter's using the this As profile sheet comfortable support high-quality was improve than investment are balance past note, our to I'd for we our position, the efficiently In
on seasonally second. liabilities, replace MSR of opposite Coupled shift weighed which, continued to to the level as quarter balance before the noninterest-bearing a QX its mix as in in escrow first yields, and whereas quarter's fourth following the loan normal deposit year Like each annual return sheet back are improvement net costs. helped to balances the decline of the in net deposits like margin noninterest-bearing interest-bearing reminder, our outflows Turning in first. seasonal MSR I'd to its their noninterest their nature in to the quarter, in interest to temporarily to this margin towards with rebuild QX, late funding interest portfolio balances, last which, the the expected, X.XX%. the the our ramped by the highlighting return true was beginning MSR start late escrow
from an to in a shift to which also the customer contribution $XX.X million million stable. $XX.X These as shifts costs the to increased the well, interest which income commensurate led earnings sheet's million to led in in quarter. remain the net for The second. in Net-net, improvement first the service increased $X.X increase quarter, in balance
and note I inflows last as and be their are by topic, interest through we we margin the seasonal mentioned balance customer this in appreciate costs leaving the Before shifts though in year, manage outflows. also quarter, I'd higher fluctuations comfortable to than nature the related quarter, these expense holistic third second noninterest given each quarter's approximately that continued caused growth our continuing the these service of and to net and these around predictable would XX%. average expect quarter's seasonal balances relationships
we deposits elongated we are basis costs advantage cash of though to took the up on X.XX% returning quarter second. which rate in deposit pressure first for costs, own of balances, reduced typical this deposits. during MSR higher, we and costs our X from broker of short-term on is deposit recently liability FHLB attractive points -- underlying which were and initiated advances account its in interest-bearing some short-term As to the higher a in X.XX% experience escrow broker also plateau noninterest-bearing took Both modest relatively costs interest-bearing an balances slightly to to helps cycle, flow hedge the $XXX continue cost from our costs, million borrowing the we shifted
alluded a as did it in deposit quarter. benefited our as as concentration, interest shift slightly result The modest this in well deposits but this move cost increased to, net quarter-over-quarter which, of Scott cause brokered towards a increase income,
advantage by were to As noted early profile and the continue balances, similar we additional on taking securities add to year and optimism we of look stabilize our and will via revenue both to ] forward. for rate declining for last new swap opportunities rates recurring able revenue the going [ cores insensitive rate call market's enhance
line with deposit our clients' quarterly in to in at deposit deposit X.XX%. responsive our channel that on of teams consistent total month appreciate doing to the the costs costs ending while monthly are the costs. note work the holding quarter averages I'd Finally, We with exited trends needs June each interest-bearing remain
balances mentioned, reductions to the asset income, a a deposits. reported income on million for again we in commitments. MSR income million for on expense $X.X saw net provision quarter, the decline, The loans, the Interest improvement return points. portfolio resulting was investment both benefited interest APL again remains the smaller the stable. this by million our base, reserve the Combined of stable on versus quality quarter our expense as We million. Shifting balance this Scott income the reported $X expense And earning driven $XXX.X and unused statement. grew negative a discussed, noninterest-bearing at lower quarter. slightly interest in quarter On net by second first. as due interest was Interest in for decrease $XXX.X XX basis slight from average to asset a which, reserve average the however, in with escrow
Wealth from higher up million the quarter, million second. and $X.X the in to the fees in first were $X.X trust-related in
$X.X with balance ending billion, quarter AUM ended we pipelines the consistent As the at business. the mentioned, with see and in quarter's first are we the pleased Scott
are Foundation department moment, As First we'll discuss excited capital raise. in to accelerate growth opportunity trust about we in Advisors the the and the a following
costs to year was each by were lower impacts Moving noninterest $XX.X in Outside categories elevate as quarter, of $XX.X million second. a that million. first customer slightly benefits the for million lower expense as expense. the expense of the quarter's the the much remaining than reset quarter service and of noninterest expenses totaled not tax in quarter $X.X annual the in factor the the first Compensation
in of In addition, we late exit full business. finance recognized benefit equipment our the to our the first quarter decision
As we do to do so shown as maintaining again this growth disciplined plan future we investments raise. expenses, quarter, to approach and continue core strategic following so we for capital make -- continue to to even we our the are
investments discretionary to are our our and any and measured our both revenue across going forward are controlling in commensurate markets, profitability. We ensuring growth and supported investments line with strategic objectives by committed plans in for
and liquidity. Moving capital finally to
pleased Inc's to First Foundation improvement ratios. in are another We quarter's highlight capital
XXXX. basis risk-based points estimate XX XX by and increased basis will since in the quarter capital of points total which ratio, be we QX by XX.X%, Our
Our liquidity uncollateralized liquidity and quarter remains positions deposits strong high. and as also low, funding remain available remained this uninsured
declined and relatively remained concentration stable. ratio deposit loan-to-deposit our core Our
further announced sheet, capitalize our Our on raise, the by quarter and capital strengthen strengthened position significant improve since ratios were earnings to capital flexibility profile providing the forward. going balance ahead opportunities and further end liquidity our
our into the Before on it in over Chris? quarter. here, provide Chris final to I'll plans jumping our detail turn to thoughts more
