David. Thanks,
during increased the where average almost As David million X% cover $XXX in and and portfolio, period-end partnership $XXX deposits the to deposits let's increase Slides or quarter, covered the loan turn deposits. X deposits fintech were X% growth more I reflecting X, quarter, million of will or fintech balance in were partnership detail. deposits by driven up deposits.
Non-maturity $XXX from the X%, up prior or in The million primarily
were Additionally, quarter the total quarter $XXX deposits end. from from our and up fintech totaled partners million third XX% at
During quarter, December purpose to that related to demand primary deposits. And submitted the classified reliance deposits on the of as XX, as fourth interest-bearing of we had the FDIC we a exemption notice brokered. these been fintech reclassified with deposits
relatively activity with quarter.
Related quarter, stable the balances fourth from was which million the generated During fourth balances the payments $XX quarter. $XXX,XXX up almost partnership in XX% was fintech was were from volume, these in the to quarter, CD linked volume only the Total CD the we billion over increasing XX% up revenue partners $XX the during quarter, over which in third quarter. processed
XX were X.XX%. maturing, continue quarter, Although further rates month.
We is medium-to-longer-term of lowered most of offset the with cost the lower rates new These the quarter constant production an pricing of cut Similar to partially last held following through new of will average months. by during to and we fourth $XXX those in quarter, benefit than treasury in million average CD Fed's term that cost weighted production and cost average quarter at at forward. CD million our originated a the and $XXX maturities CD on funds rates during X.XX% fourth going coming which an of renewals of rate December increased
maturing CDs quarter XXXX Looking of forward, an average of XXXX and average of of in cost million X.XX%. maturing first million the of quarter $XXX $XXX an in with have the we cost X.XX% second with
gap expect production a So, we and for positive between continued the pricing next quarters, CDs. several maturing new
average For X%, spread an has been positive example, January of which the of is first points average in basis month-to-date weighted CDs a over XXX new maturing cost cost CD at of production the quarter.
amount Federal end, reflecting had quarter well supplemented unused We pay at the we At quarter a deposit as continued billion. Moving third total end liquidity of a by amount growth strong, during borrowing brokered to loan remained the significant of smaller very $X.X portion liquidity a Slide X. of borrowings to Loan capacity cash the and quarter, and as off Home Bank to growth maturing and securities deployed of purchases. fund the of elevated CDs
FHLB unused the of million cash and favorable and was prior to well X% certain XXX% we of the the on adjusted FHLB deposit as deposits termination. structured significant paydown At embedded tightening X%, end, uninsured time million during interest recognized uninsured of part prepayment of growth advances, our and As a total, XXX% total structured had borrowing able swaps. hedged of paying deposits. as from quarter.
With advances on with to of features increasing or the of down structures the balances $XXX total quarter gains XX.X% we $X.X loans-to-deposits were the result, and cycle, loan at We In as quarter. capacity positions capitalize ratio rate borrowings unchanged at of mark-to-market these the Fed the $XXX end third repayment million represented of relatively gains
point yield X.XX% to on Slide quarter, on and but loan million balances Turning assets was third the average and X earning in which equivalent loans.
The from compared produced by X.XX% income, X.X% cuts, impacted higher offset outpaced portfolio, solid linked increase with line a the to basis X% top earned balances the the to for on interest in XX X.X%, X. quarter. declined other earned and point yield in partially the income loan average in yield interest on Fed's quarter the basis due linked in growth $XX.X decrease up increase Net assets, fully higher almost yield to combined a cash the by basis, predominantly X are which far The on increasing rate respectively, million interest taxable expense. the quarter a primarily interest-earning from $XX.X the
in X.XX% in priced distancing down a fully the the last U.S. from and fixed was the especially Fed our well increase trend lines the third monthly point are income portfolio.
Pipelines to gives and interest and small business, on XXXX.
Net up third interest for quarter, quarter, basis quarters.
Related taxable our portfolios, both for higher fourth growth of further interest further focus future the the when will point margin of and business us first points of equivalent further looking deposit from deposits during in all-in portfolio composition of the and $XXX in quarter's loan net September construction interest The indexed X.X% low catalyst As of you net funds additional end, during The building increase margin CDs and net tracks the down as basis interest Fed quarter quarter remain expansion. significantly loan net that are quarters fully the X us are portfolio originations over confidence rate, X along yield result, to quarter, of that in which on improving graph deposits was on at the we was net an over X the are the basis, of solid, than interest to of to interest-bearing costs roll Slide funds, as of decline with Slide increases at X.XX% net broker that At provide against interest $X.X change maturing a cuts rate representing at rate in lending margin larger over linked the continue still had drivers which X can but deposits in the see the reflects X.XX% funded income a forward on combined a rate compared X.XX% current our on quarter. quarter. the Fed our lower highlights the taxable on million to on beginning quarter, fourth the deposits, higher the billion next yield in million Fed quarter of funds. volume income strong with which margin expected cost originations the spreads end the treasuries, since $XXX on to maturing XXX equivalent drive
income quarter. for Slide XX.X% million, the to Non-interest million Turning non-interest third $XX was on income the quarter up from or X. $X.X
$X.X of gains and the rate prepayment mentioned, to interest I non-interest included Federal income of million As advances. Loan terminated paydown previously swap related Bank Home
Excluding for volume adjusted income million, non-interest X% from these XX XX% was of Gain $X.X on quarter. $XX.X quarter. down Loan million the the from points sale $X.X net sale loans the million, third down gains, on quarter, premiums quarter. down was while sale quarter-over-quarter, gain prior in from $XXX.X million the basis third totaled increased
the comments, the was originated in his of portfolio revenue decline quarter with offset to in over on We the revenue, decline mentioned by The the in linked million a in over value quarter. quarter, SBA gain was to closing servicing sale increase $XXX those partially due million quarter loan the which loan an totaled mainly the sale X% for of David in fair higher As due lower the X/X asset. net and adjustment growth servicing late servicing $X.X timing. of to during volume loans
driven invest part continue $X.X information small in the areas to million, higher lending, $XX Moving additions from The risk increase quarter we by business. as in was in of for costs million was our business due and to compensation key to expense technology non-interest third the management XX, up quarter. staff Slide
up asset non-interest deposit other due year-over-year was growth. Additionally, increased expenses and insurance premium expense to seasonal due to
decline quarter, of XX, quality so the fourth Turning the credit the to X.XX% add for major allowance of at as third I for unguaranteed business losses allowance components quarter and several The was specific provision activity quarter lending David comments, well The overall X.X%. around the down loan SBA losses. losses to his David of loan credit partially decrease in covered commentary total reserves asset loans Slide as ACL for related of the end reflects qualitative lending will as business credit charged-off by credit in allowance X just was charge-off some a adjustments for basis the percentage quality asset losses in to on a points ACL earlier, SBA to balances net end, small and discussed loans the from the growth.
At the offset quarter. for small the
qualitative and Additionally, for loan reserves in at growth compared the in increase to of you activity, the balances.
Provision lower and factors have if third million offset residential overall $X.X loan the quarter the a was finance represented for on given small credit ACL the higher partially their ratios and in allowance portfolios. inherent million losses business in reserves net exclude The the the which portfolios, in provision the losses by adjustments quarter. lending balances credit elevated portfolio, specific the the to other reflects fourth risk, level, for coverage the qualitative X.XX% lower decline and in our charge-off mortgage fourth to quarter adjustments $X.X public
than on of capital smaller ratio higher points company quarter other remain at comprehensive sheet as offset X.XX%, accumulated overall our XX, from the interest an tangible rates a loss. X The third balance increase more was equity to levels the the the Moving of basis common the impact capital and on both solid. bank Slide
loss X.X%. perspective, accumulated at X.X%. adjusted for other million, the and adjust would capital of you regulatory equity Tier ratio If capital common the remained normalized From tangible cash exclude solid a other common $XXX be X equity balances comprehensive ratio
like Before to outlook commentary I would wrap some provide XXXX. up, on for our I
for approach within and the per cut year. for I XXXX, be is are full rates through may constant of earnings with other looking consensus are XXXX.
When year, number our and Fed in the a While the assuming at funds remain course pricing next X rate range or we share short-term the forecasting over think sticking year conservative the the market we estimates
are little current models get projecting. different However, that to range how than what is the a we
rates we to yields well as originate at yield. We production new continue the current expect above loan increase portfolio to
declining cuts significant incorporated rates; over three, of one, run continue expect quarter. higher deposit to of the X first over months; on fully also costs deposits and We the gap the paydown quarterly X the broker CDs of last maturing the repricing cost Fed billion get into CD as: end $X.XX rate at two, next the
the loan margin we continues to loan XX% to equivalent in increase range and our the net SBA over quarter reducing deliver of net higher a increase interest net of team income to X.XX% short-term the and of X% Reserve With will to annual growth non-interest growth fourth projections. in would XX% for as likely range Assuming begin to we grow our in fully year interest net this mid-XX% the annual secondary XXXX regard interest expect income Federal that income, X%, these and expect exceed deposit interest XXXX.
If and rates, range throughout interest margin the be consistently potential were by taxable in range pricing the be A will the X.XX% non-interest year to up and should sale of to income be the origination to the will core market. activity, in forecast X% to over range XXXX. risk of in XX%
premium to selling more gain yielding would hold we annual attractive, a if economic more currently versus below spread make to XX% a for pricing are may soften, it the earn. or sale income While sense premiums were far on loan
a from compensation forecast as in of that approach the business what lending are XX% expense than what XXXX XX% would risk continued have support and distribution point XXXX. on XX% a in to our quarterly off of technology. basis, we historical than expect we Looking the to originations might like planned XXXX.
And experienced the growth And credit in, finally, the provision make, is of to to for in management XXXX expense growth personnel taking in investments looking estimates areas in we I business, think of throughout expense provisions I to earnings in be range non-interest an higher little. small range for a quarterly are be with SBA annual a All modeling at the annual in the we share in key perspective, when with conservative expect XX%.
One well for number and at provision as our we higher increase non-interest the we to a in per information additional recognized added XXXX, up losses, and do
is quarters year year.
With that, the turn for repricing range to factors While way the in through, lighter back questions. can is the work the through so the and total Jenny? to the that of higher work due way the our time I back our of takes little in the little and year and it seasonal take a forecast to the your CD it its its -- in end will first to second operator we a
