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tax points interest basis cost bearing the associated pricing new as funds higher the decreased of yield was points partially XX the basis quarter, the to XX were offset and environment. real during cost by in as that balances XX The the interest in X.XX% with portfolios. by production was margin X.XX% X.XX% increase to due a the margin CD production points as public deposits in X.XX% maturing higher our in current earning of cost market and driven deposits during net The money higher commercial impact of in by the decline brokered well higher fully higher second primarily basis rate margin interest estate reported net deposit interest increased X.XX%. quarter which the replaced and yields with due was primarily deposit new increase finance, from consumer, to finance to saw basis interest healthcare prior as we to X quarter quarter Our basis points assets from on cost equivalent X.XX% declined increased to the
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quarters and to rebound to XXXX X points second should expect During the of margin see range basis interest quarter. the per we of first X net in
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Some changes review from resulting this following. include the
staffing expected annual reduced XXX,XXX. mortgage First, by excess levels savings is XX% which we of have in to produce
the our reviewed we we effectively deployment the next experience, several Second of technology lead streamline our the and collection over manage sources. technology document generation Through more processes. our and months to improve upgraded customer expect
VA, loan cost expect a opposed we're the we closed on of loan loan origination year-to-date in we in As and per programs expect to and XX% that from these lower our XX% result our percentage to closed and FHA increasing XXXX volumes third and per further. to focus volume officer government as increase XXXX mainly came programs increase
produced staffing adding we and bench in as expect group the CRE, force From commercial finance well to due Moving to continue from by reduction do to platform. as our expenses, will a we to offset C&I XXX,XXX savings SBA began added claims experienced have and disciplined begin and the decreased we compensation that noninterest strength that and estate quarter building by mostly the lower salaries owned. related public in the be cost other other line-item the to incentive areas benefits control in overall personnel medical costs to forward-looking work experience as second expense lower perspective mortgage in expense and real
at to again flat asset Now basis the our very approximately of solid past delinquencies points X were point the quality of or Credit XXX,XXX with total of total loans representing totaling quality. XX was quarter. and at more days loans basis loans non-performing third due XXX,XXX one are turning end
charge expense generally offs and in during and net combined to growth for or offs loan the driven portfolios. the increased minimal continued the delinquencies annualized by to loans basis points residential loan We In of quarter mortgage the XXX,XXX general X consumer to Provision third quarter XXX,XXX the basis. were an charge portfolio. on have which average were net
BBB+ prior the quarter XX% made book Our allowance underlying with at of LTV the was with XX total relatively the stable XX, over LTV continue end public In the one with portfolio the better. basis loans finance or quarter. to rating were XX%. point for better ratings points loan XX% of came at the Portfolio almost an strong remain down lease and financing of was to on the tenant origination or of average and A+ September as borrowers credit in borrowers XX% of metrics losses of basis loans new portfolio single as from
I'd minutes a Finally, our like position. few spend discussing to capital
of million the loan cash increased during $XXX sheet grew we quarter to fund than While only less the balances growth. or X% million overall portion the as a excess to balance $XX loan deployed
assets to experienced at basis common tangible points equity result of X a X.XX%. tangible compression only the ending As quarter
public lower have and our stretch and the We are of we early further on institutions. to sized risk we comparable quarter seen estimate nature percentage believe Since XX%. also the finance that to we deploying capital of XXXX ability profitably business end total balance launch we to risk approximately of capital strategically to other assets percentage our our focused than weighted due declined. assets At in managing have this be the sheet
ratio is as X When sized you debt of loans to data current assets troubled non-performing percentage point basis based basis risk traded quality percent on ratio is loans with billion up of I loans billion based again With $X.X earlier $X that XX. to current assets June total similarly June XXXX. total and our points. comparison basis to points, one of is comparable public non-performing regard to between for as banks a add The the restructurings average XX average XX, point. assets weighted as to XX% banks data As of asset publicly discussed bumps for of total on
points basis for loans as of TDRs the to accruing XX period. is to Our current ratio include adjusted XX compared non-performing points basis
we last meaning tangible common equity equity to amount the substantial a assets provides June and asset of sheet of quartile capacity With down tangible offering to quality the feel lower our balance taking in assets X.X% performance top comfortable combination handle growth. risk
explore However efficiently conditions to opportunities capital favorable. to market pursue sales when are manage we'll loan
working a loans the in of the lease potential fourth totaling aggregate currently that process tenant close sale should are on if the done quarter. We in financing gets it it $XX million of single in
putting While want balance X.XX% net impact is trade will we to pricing we addition will make so to pool X% of loans, positively capital book we on over that tenant year-over-year. over feel point tangible the it weighted a that the loans range be consists in lower of prior going your and value sheet growth. the seasonal share. $X single coupon questions. to turn I'm it of over the are we X.X% that With was earnings And X.X% or per to Kate managing last as as tangible quarter share is take value than book increase to can I good sales per of $XX.XX in average an is interest margin continue this grow back end that new to At
