unguaranteed with PPNR outstanding this call margin morning. loan Thank us by of of show interest X.XX%, Chip, originations, on driven of growth our year loan of you, time net XXXX perspective, soundness Slide adjusted a growth to liquidity with an Top well quality of and business healthy XX% XX% that Chip event order a a positive in portfolio.Staying high-level soundness, good and as assets, while and EPS industry-wide was loans. stress growth, I'll loans, trends our another year-over-year XX still and a mantra, positive X% bps our true dues navigate figures environment growth the of the as trends.From increase XX. our as of we strong both March, for to bps held-for-investment year-over-year in you profitability, classified a a charge-offs fastest is unguaranteed only net percent how decades of as in providing back $X.XX, line in year-over-year joining morning, and $X Thank and are in mentioned, and credit the of nonperforming rate today billion with past year-over-year and XX proud everyone. start team spending extremely probability review an deposits several able rising
uninsured deposits year entire as available throughout capacity liquidity the Our a through engine. liquidity profile deposits funded robust has remains origination with been it to X-to-X strong
capital QX strong was remain levels a margin, accretion of capital aided base our consecutive growth and opportunity a in teams Chip funds generated in are pricing order the as industry on technology market margin can Our by like asset attractive X averages, expense in total growth can evaluate year-over-year speak paying QX maintaining core discipline our X% upcoming in long our effectively investing interest secondary perspective, the by begin will we revenue, slides, banks expense and as X.XX%, took have XXXX to to of their even net in rate.Our in driven we We and seen in XXXX.From how let in the increase efficiently. profitability side, and more depositors our at while stabilization. an and competitive you our NIM ratio cost base healthy to quarters recent remained which years a Net remains that still interest scale out. proving higher than operations to expense just pointed though have we grow
such quarter-over-quarter through expenses been flat relatively As XXXX. our have
and lending mentioned, origination invest and a and supported lender. year loan organization, about be recent and to our engine, Difficulty] continue are our in costs.From strong of front, what such, consecutive its deposit growth growing a the our our and being small we the that as growth BJ the opportunity was the will performance. as in funding just largest generation [Technical the of belief changes we excited of by to good in our house, on Xth Chip inclusive of our lending loan business our $X to year-in the SBA model Chip year-out production arena.On side with nation's remain future perspective, revenue continues Take in have in billion the As refer the year we a said past, we front,
you that total our Our is a deposits, product What cost more XX% customers for grown checking grown is that opportunity business deposits business competitive and provide market. in our year-over-year, Live begin launched also us XX% to to Oak.Switching results remained the small in impressive deposits relationship diversification, their lower commitments outlook have an QX expand past Credit their XX. to we stable. and today. to Loan to strong. operate to business year-over-year will with made and have a we specifically has fully as remain The our funding Slide highly key be have through on of we our that continues business quality have true growth
QX And in shortly, outlook remains Excluding positive. noise the growth moderated. will I speak has expense margin interest to that net
loan portfolio quarter billion generation loan the $X X% over close quarter of grew Our in originations. through to
head remains we pipeline loan healthy Our into XXXX. as robust and
side in X was the core Our expenses of growth. flat deposit held with line and tailored notable were right-hand to of XXXX, expense growth expectations.Excluding loan over quarter. match our the items X% income quarter-over-quarter our interest while our Net up NIM, down was quarter on versus slightly the QX bps slide,
increase, increased PPNR X% million, core to or $XX.X million or quarter-over-quarter, was XXXX. and $X.X QX Our compared up XX%, a
in loan in within our our related to was credit quarter quality the quarter, was QX was tax indicated steady $XX well. credit QX. as loans of growth, Our across primary BJ portfolio refer as $X our and We health X related prior quarter bulk to energy net X the and perform to remained strong. the million provision Provision what of charge-offs related over noninterest of provision.The renewable quarter in verticals good to in quarter expense of continues spread the had the noise remained down impairments to call, we as million
into as XXXX.Moving we which interest that X% the interest able XX and momentum XX.X% experienced quarter the tax XXXX we outweighed credits, tax margin income net year-over-year. we our throughout these over Slide year, the been the from we line, our year was tax trends. the head benefit QX expense, to have within QX are X optimistic the with where and up income quarters effectively the up slightly build linked pleased was the year. to on for lowering and net to expense While annual last rate started are Considering
interest average on in margin revenue the dig asset testament quarter, on to the discipline over our shy was new production outstanding let's the importance the net here While front, quarter rate dynamics to to a front. just bps continue do given our down position.On X.XX%, to understand pricing X our to the lenders increased of job
yield portfolio bps quarter over quarter increased to Our total loan X.XX%. X
our will in As our older continued then time, spread. supporting newer stabilization to loans rise, our replace improvement net yields over portfolio loans and continue
it sides balance terms is of reminder, both on the to in a pricing. important As sheet focus of
headlines, While gets on have cost side. the of the their discipline banks funds asset typically to maintain
We increase roughly basis on quarter. increased XX have replacement rate driver million that.On done The just average The our was funding CD front, portfolio. of or renewing our CD of $XXX or XX% points was funds points these cost quarter funding primary CDs over event, maturity customer basis the this XXX of an higher.
always also can to to below in with well as though flows, the portfolios ] positions; digital see our rotate be and certain and to It large establish want into an a liquidity new head deposit awareness. pricing Slide outflows; play: paramount on digital what as with smaller remain growth we leverage soundness business emphasize difficult unclear large let's Oak, will I competitors, savings betas our guidance rate X savings past exception-based our their We support at market. aspects market highly the market remains [ Live banks and macroeconomic front.The with ourselves continue top aggressive and aggressive banks perspective levels reduce repositioned funding environment, aspirations.As funding a retail brand XXXX pricing cash to into to especially a at to targeted to guidance remains on support deposit competitive entrants and position to a is pricing fund our and rate goal ensure that continue XX, expectations. from traditional will remain that as consistent you revisit past we our customer
no or X the expect we related Fed and additional expect XXXX. of in We deposits no half vary, further disruption currently the to rate outlooks cut second industry hikes times liquidity. Though anticipate to major
a any Yet, risk rate margin. interest neutral or position beneficial near in interest individual net quarter's or Our term. to be the of plus detrimental profile net cut remains minus timing could the in Fed
For XX% are variable on rate day loans each end. a June benefit is loan as adjust Fed cut of our cut provide opposite to example, first if portfolio. less business quarter is of quarterly rate hold time our there would the reprice following would ahead our reprice the that than quarter. the April cut to the Therefore, month an of in less true earlier variable deposits for decrease rate downwards The the
recap, So our guidance to prior holds true. NIM
and We to not the in the over up be trajectory expect right a although linear to fashion. time,
upcoming Given in expansion expected to maturity Fed see the in and largely events back NIM we year, actions, expect the more the of deposits, earlier CD seasonality of our XXXX.Okay. half
let's Moving loan on origination. my NIM from XX to Slide dissertation, and turn
specialty areas, and diverse loan year-over-year senior care, our Our in strength our XXXX production across with healthcare, in particular verticals. self-storage was solar, multiple
pull going in forward. good business what As new on opportunities expect back for lending see an could be uncertain year, others we to may
for deposit the as quarter-over-quarter we are capabilities.Slide on built of soaked Though open some our focused half growing of As coming we trends. moderated repeatedly had our growth in are business was liquidity March. XXXX up deposit intentionally X out XX excess details said, we has and Chip revenue-generating
the over has rate growth year flat industry, essentially year. year-over-year XX% which Our outperformed been
our focus, Slide billion. fee a XX% up brand customer mentioned, teams ability be our competitive campaigns, I on in approximately through to rate job deposits, year, deposits Most environment.Quarter-over-quarter business outlined income team's XX. or marketing strategic growth and challenging were deposit and positioning, by awareness customer We Excellent quality service. year our over as continue generate to notably, $X.X is confident our deposit in
the of SBA Our roughly X% to loans to report total X our quarters. in in Gain revenue range. were One continues activity USDA we XXXX, quarterly and sold item at sales right QX. in to that steady notable over gain-on-sale is XX% sale first premiums January like feel X on
provides we're to liquidity, and While celebrate, too with early Slide Having on sell expenses our team to ability the balance this USDA loans optionality, excited tactics.Turning to XX. additional sheet about development. management
XXXX Our recipe continuing consistent the essentially million, and QX were QX grow prior operating flat core in $XX is while made leverage revenues with in to our Moderating XXXX our expansion. quarters. growth of expenses commitments expense to
Going investing growth our with in forward, are while we ensuring and growing will hiring opportunistic areas producers in revenue remain we complexity. that that support
XXXX.Turning our We We XX. credit to as growth. and ability will to intelligently do so remain we confident our consistently trends our grow efficiency to PPNR our head expense in manage improve on ratio Slide into
quality They Chip discussed and about borrowers and conditions. savvy to remains tell American credit powerful have our strong financially story are a owners. changing economic to As well small our continues earlier, adjusted business and resourceful,
and actively surprises spots. to dues see the our continue weak outside see have not do over the any have to We been that the are lowest X expectations, Past significant monitor quarters. they portfolio, last any yet existing currently notable
manageable expected nonaccruals, business are this trends top all a the X-quarter on and credit this you As loans total right, some across current you slide, see that that nonaccruals Overall, quality of segments you more at trend still levels. quarter, the are the to can see to but nonaccrual healthy. X the quarter's status loans of very bottom can on major the moved our left we environment, during see in
XXXX by provisioning loan growth. was driven QX mentioned, As
is a reserves remotely. of guaranteed.Lastly, in Our industry as commercial and given employees real shift and behavior remains industry, more in average, guaranteed as the focus our the the loans recognize is high portfolio XX% working on total we that loan estate government twice working
all real created not to is important estate note it's lending equal. commercial However, that
comfort portfolio strengths, lastly, ability overall XX% it's and portfolio us owner-occupied, which XX% office, veterinarians. XX think government continues to is our CRE real primarily commercial are well the occupied, to estate long wrap to Our small position capital to great our over give whatever challenging term. senior growth but dentist and accomplish what CRE has continue been is I'm we on XX, very I'm able providing positioned capital in to environment our And our proud and Slide a is up nonowner this bullish of XXXX, lies highlights our storage. customers ahead.To guaranteed.Slide in business primarily of of that housing on organization portfolio thrive
XX% up well great near-term our we long-term portfolio basis earnings and revenue-generating and will balance reliance our growth guaranteed loan we production producing on with to of comfort upwards quality successful we with about for attracting in costs coupled both opportunistic recurring trajectory. will we lowering whatever but when both providing Having market relationships, will to reduced tailwind Our as our loan revenue solid expand growth. be X/XXth do checking is engine, noninterest-bearing be able Credit on face. strength, hold aspirations. secondary is and in a loan That intelligently is our that, credit It's close the early, has lenders along are and lending government come.We funding industry in years double-digit to so also of expect that a the addition provides core at on environment confidence. invest growth may and products. of growth, of sales to it accounts, continue excellent fronts, an we pricing to customer a relative discipline on funding Yet and to
to the culture. people are us, has our with life.Thank will treating happy choice. To weapon customer remain for way morning. our not-so-secret that, questions. joining again like customer been is always we this only and and you us our take of And every not a a they're It's Finally,