Thanks, Jeff. take I'm we'll loan starting on our Slide X, portfolio. at a and look
previously $XX on in due quarter. of total loan of million that level as discussed, balances increase the Jeff as the period was million to increased end from $XX Our commercial well a higher end the loans, commercial as This production prior offset increase loans growth consumer runoff in warehouse well the activity. in due these lines, of to areas in PPP forgiveness FHA and loans. the real The portfolio, residential as the continued in an equipment estate growth continued refinancing portfolio approximately finance
down in credit than average prior the period end September FHA balances $XX to At were commercial lower balances loans warehouse While were balances lines, on XX, million. our were PPP higher quarter. of
commercial which our ability loans the update provided commercial generate Excluding estate reflects On increased our Slide rate improved an portfolio. credit added to X, loans, growth PPP our and in X%, lines, loans warehouse commercial we've consumer finance total GreenSky of annualized an equipment and on at real through loans. partnership,
had well $X payment. and the September decline payment. of seen recovery form see steady in portfolio. last to We've of some in we of of making continue transit since of of which XX% our on in million trends borrowers to our the recreational we making deferral now quarter, on also schedule as a to ground and end that deferrals, continue transportation as represents industry an the a X, As business we've improve. borrowers hotel/motel the travel just partial the On are borrowers payments, Slide a partial as of others portfolio deferral, more XX% overview this of remain return provided XXth,
which the some remaining payment. the portfolio, XX, other deferrals borrowers million all And interest-only this XX% the from making form now prior of on end just of is quarter. deferral in we As are down or partial September had $X of loan of
X% one-tenth the range loans deferred with portfolio throughout loans. the better remains in of At portfolio even GreenSky. we that XXX,XXX update an And at extremely on Slide only have than of rate points, just at Looking just performed seen we've XX portfolio, we've delinquency basis through XXth, relationship this the that historical the portfolio. the loan we this X, our has of which well, consumer September pandemic. in had represents provided total This
call. principal strong to escrow additional to In to in quarter. later on will the of escrow balances. an the update addition $XX.X at performance, increased GreenSky available account The the third the million cover end the the Jeff relationship any deficiency in is Midland’s provide account
our X.X% our from take deposits. commercial balances Total FHA a prior deposits, quarter. resulting the was to of efforts. attributable The other at or deposits, deposits Turning increased servicing largely from increase as Slide to XX, million will well increase $XXX as in development commercial we an higher business look
additional cost deposits. quarter, the have we Looking opportunities ahead higher fourth to to will reprice time
maturing million have rate weighted-average We X.XX%. of a $XXX at CDs of
we current net our see in On deposit As income in these renew and will interest margin. costs. trends reduction should walk at we our Slide through further rates, XX, deposits the
in X.X% Our increase net interest an increased the due margin. quarter, interest income net to from primarily prior
as earning to X.XX%. the the the Excluding of we net compared margin portfolio of basis, due $XX to an continued accretion mix average basis On portfolio reduction cost to increased net elimination primarily by to income, sources an in last support were million, quarter, of added in as investment our with an We to assets, shift income. range funds, increased in in prior funding our the the points, yields from our add securities to generate the help higher to interest our X.XX% increase interest unfavorable able quarter. net resulting cost despite X we of margin, interest investment
for excluding PPP the net impact quarter, income, was X.XX%. the Our of interest margin
quarter, to deposit of CDs previously we maturity I Looking ahead little mentioned. fourth the the room more costs have with the to a bring down
of deposits liquidity excess our margin in net and However, a place we've influx in low as on Jeff received temporarily interest October few minutes, increase the a pressure will discuss our will cost fourth large in that quarter.
this additional million $XX de-leverage our prepayment of portion pre-paying reduce of longer-term advances, by a FHLB sheet excess liquidity another million used approximately $XXX interest XXXX. matured The of to advances have that We our $X.X expense further by balance including will in annually. million
will that interest rate the an be by a We of approximately million of fourth $X.X a in record result $X.X prepayment the partially million. quarter, offset approximately will of which unwinding gain penalty swap will in
Turning to trends wealth Slide in at our XX, we management take a look the will business.
the $XX of Our to prior quarter, performance. from million assets under administration market primarily due declined by the end
we'll fee However, XX, revenue third non-interest revenue of the of strong which from XX% higher growing XX.X% from on wealth X.X% primarily an quarter $XX.X Compared servicing the progress of commercial management quarter, on by our look the decline quarter, our nearly prepayments. contribution non-interest down of last the third in Slide our income. quarter. of quarter year, increased was at the We due in income. ATG. third wealth due mortgage to a The full prior reflects level management recurring impairment resulting in rights in million increased sources On has income to increase to had
decreased X.X% by to recorded previously quarter, of Excluding management offset estate the level from owned in due primarily the revenue real the on other that income prior quarter. This these was sale impairments, partially the mentioned. wealth our higher gains we non-interest of second
any improved efficiency generated, the and an the On adjusted settlement of about expense line prepayment $XXX,XXX higher from the items. XX, tax items in to we ratio points. primarily declined major approximately prior much our Combined of by that with quarter, our quarter our with non-interest of variance excluding advance level we'll the XXX by Slide our revenue basis basis, last review expense. related the Turning FHLB to not non-interest
$XX to run to continue We to rate the expect near term million $XX in our million range. be
in enhancements we from the realize and non-interest a to Although are could slight from efficiency expense ATG eliminate as costs technology quarter. continuing that which integrate decline some result from additional roll-outs, well some business, third as in
items range now. uncertain levels at impact our we're Although expense wider the our is will this those guidance leaving so timing when of for
to XX, Turning Slide quality our asset look trends. at we'll
from prior or we the the of had specific Chicago in modest three of million XX $X average reserve of of in related non-performing of dispositions Our we the $X.X a We loans hotel to charge-offs loans exceeded area that our the net end upgrades loans. million decreased in saw quarter, of basis new in one these on and last non-accrual charge-off the the amount the as inflow quarter points quarter. Half the held against placed net quarter. charge-offs
additional during quarter with expect note loss. fourth We to no sell the this
credit provision additional The deterioration requirements remain been other for of and or $XXX,XXX. there's for two negative either reserve loans in We no credit. a losses recorded non-performing
buckets provision and various the on for September improved of to asset due of sale of quarter. in $XXX,XXX ACL negative losses a was the that the up losses of loans general change XX% securities. credit our our approximately credit At on ACL available On of XXth, the prior recorded In the for make the show provision, quality end components for provision zero we to XX, catered we from Slide terms reserves.
in small approximately $X XX, out partially decreased ACL charge-offs addition ACL on favorable specific by forecasts. On economic portfolio. and show driven Our a the related by of offset was broken Slide changes we The million. a reserves by by was This our to portfolio. decrease combination
up net quarter this our most of in areas coverage trends portfolio. positive financing prior charge-offs with turn basis Net the in of Jeff? notable in One The for And primarily XX seeing, to Jeff. quarter, increase points finance points basis the ratios down compared to due back quarter. we're area from the the portfolio in third that, in in portfolio. portfolio XX we the charge-offs whole the brought was was equipment to were the a call prior the increase lease increase in Given quarter. an over I'll as
