you, Okay. quarter and our second Welcome earnings call. to Thank morning, everyone. good
I'll the was what continuation of in second have saying start seen basically the we recent quarter quarters. So by
quarter. breakeven are pennies essentially few or each We minus operating a plus level, a at
this $X CDs few of on peaked we ago. Our $XX some balance billion over brings last brokered to to strong. capital and the quarter years that And Bank that were here end funding during of quarter. Home deposits, remain but and advance maturity an years was had the what Loan wholesale Notable liquidity final listing advances various million of a during that kind the The continue our funding. was forms of wholesale called above-market at including ago, sheet these some
the that the to in bank peaking expenses cutting at see course here been core beginning some a And result essentially ordinary investigations in to nothing we the of and deposit have different of bank direction. out the since are the in year. the finally The and additionally, of we then portfolio.
Expenses related now So of the trending all you did on XXXX. fees what expect right wholesale nothing cost basically and would going that with in in reduction funding deposit looking are
painful As time press that of Justice years X [ the company of in for justice, us with to costs has complete us by the the release, more these quarters. all we you the the And Unfortunately, we we investigation Department noted are individuals been the as invested related several know. during in our to we money the is of done on appears our focus strategy and to too, last we their continue spent paid and activities it efforts dearly. now upon ] quarter outlined all investigations that closed.
The the importantly, since investigations companies. business of the all is last the have that there, have the paid over and the system But the price notified over
objectives same. and strategies Our the remain
alternatives. variety looked have We of at a
grow try and in able position to that do find to bank to be to and continue We to ways periods ahead. the the prosper
these the we the nature we these given filings, the chaotic of be that And calls, think industry. in for bit strategies tend appear outlined certainty little the our borrowing the press consider. various as some a does to press there noted the I continued greater as would holds but our year, last kind in to public future probably release, and releases, of the regulatory some market market be, to I what the over
should clouds an to additional in investigations of and that the time of helps surrounded matter these us end that addition the I going cost the efficiencies think the uncertainty as forward. remove formal and company help
that industry the seems and that Sterling X both of be get But think to direction September, stay help cut does be direction. we year, the the an to at meaningful to momentum probably general helped -- as drift will will end as into assuming they level, rate little that there rates maybe bit of they there's or will it's the a it higher speculation scheme put things, in this this not think will I I in elevated whether or lower. go
the think helpful. obviously towards I So be lower would momentum
release, liquidity on our we've seen -- relatively month-to-month and margin, aggressively, down kind and and high. pay suspect a the of is Loan and in growth the terms the as press residential some in that of of noted again, I to real continues In pretty I similar quarter-to-quarter. estate the opportunities, continue cost commercial will path
any originating to for look the that and us, and the and protect in value here do themselves come over a not and particular, integrity advantage of we quarters. be to will sheet so. opportunities plans market as in no present again, opportunities And we to loans residential they may be But coming balance us are We to continue is commercial at book put have it's stay along. and mindful charge the cautious in continue to take a and of our what as of -- position the months to
much too quarters So again, the I in don't different think ahead.
just of there and with course, experiencing and the pressure New the multifamily Reserve to stay and industry to Metro levels see continues healthy. general been credit considerable financial rent-regulated performance, mild the then, areas in experience conditions York some to in is for The in in hammered. I of continue -- is be will overbuilding very In area continue of us. a weakness degree probably terms values multifamily have pretty in as think office
questions probably what's take if mind. So everybody's with and on that, see easiest some I
So operator?
