then earnings run to take the Thank we'll our some Welcome and some see I third everyone. of you. them questions. call. here, Good I'll quarter highlights as through morning,
Justice redemption the say and quarter subordinated with the relatively mid-July, the of up of finished Just Department quiet. settlement July. We accomplished generally, I'd and was the also in in had the debt
So $XXX,XXX. kind over done. of The profit a and flattish of quarter X.XX%. Margin accomplishments had modest those at very, very
both I in on that deposit still industry the immediate sign pressures up letting future. rates seen And think in doesn't it's here from show of and the interest higher any competition accounts. and
be since interest So think after years of inflation, a rates But was XXX terms high to time not trying high rates extended and I careful of liability banking, in and in period I seen it's which started pricing both ultra-low of an combined -- difficult interest probably since probably ago. balances.
bank the at industry the I relatively the sheet a The allowance subordinated and that was in we've So to relatively and losses, have recovery balance payment you company the basically X.XX%. the also been the maintained flat. credit went too, the the would I the deposits certain the with for out Department of return in that form that redeem of debt Justice had settlement last is the same had we're at the shareholders. tell except flat, that think in few navigating to for general.
We ratio and in both quarter the as in
in million, that with flat relatively the I $XX about were other here. think, So things that, But combined than quarter.
to continue same. levels credit the about The be
strong. very remains capital Our
Our is strong. liquidity
our very to that the do. As pretty us uncertain think, maintain trying to strengths We're said, It's terms for We're have. available is strong. capital. of I I a we preserve just credit, what's trying time in to
bank loans that addressing think nonaccrual the and with I had, to of we've of the respect timely disposing commercial lot side. on especially low-grade a been the and
emerging Northeast, predominantly lot interest I think you're And to hospitality rates, markets. in in problems coastal but rates. be property more space. cap with in in loans press I higher markets, As awful continues think an just see based and the multifamily on mentioned the selected release, pressure the say of I office going There to I'd
you're flat and going expenses revenues and up. like oil taxes rents and lucky, If
And anticipate just the in well I the $XXX disposition just that just for both think commercial that total ahead. the million that second pressure then I on of that's us. I fair don't going remember area debt loans So our again, is highlights the is residential amount but timeliness to of have probably now, way side and on the in were of time over the a -- quarter long-term of
it's And here at quiet relatively that, Sterling. other than
we get seem like it quarter, changing. an lot as into doesn't Even the awful fourth is
mostly may pressures not bear interest in that brought terms terms do have I the been pricing the Fed think, rates. liability what of in I of to and as said, or may increased
they'll I think services. in sense that another own financial there remains most patient, little bias certainly towards inflation high but is in a X is all increases high. be or industries, the that but road it until a a X that is and more sense in difficult stubbornly cautious my is And and under navigate to control, inflation very -- the is still
talking So spend awful lot about with time said, an that, not here. to I
best some So take to questions. operator, probably
