morning, Jerry, you, Thank good and everyone.
Turning investment portfolio. by our to discussing Slide X, I'll begin
previous quarter. extended year the compared Our five first quarter investment lower of to higher to duration was years, portfolio $X.X prior of When to to has X.XX%. a and securities investment prepayment balance speeds almost yield to comparable billion the contributing due
to did last debt discuss of increases I a interest quarter, I securities would sale. available like take the on for minute impact As the of valuation rate to
the increased tax end value long-term in investment market compressing and the are XX% grade. of remain quarter. medium interest most our rated $X.X March, a to of of result during As guaranteed the and of changes of portfolio the in million government as has quarter. million have AFS compared come spreads $X.X decreases after MB done while These portfolio rates the securities by direct of fourth
represent institutions. $XXX $XX.X portfolio unrealized taxes. Held securities in The financial million of by after debt total of of XX% million corporate investment HTM mark-to-market includes securities is Our subordinated approximately to portfolio. losses maturity debt current issued
discuss more will We details shortly.
loans this end billion, up at the X%, to the At about $X.X let's quarter. of were mortgages. growth number finance primarily quarter million billion residential loan talk in the This approximately commercial were and specialty by $XX the driven originations gross offsetting Continuing prepayments single first total end compared $X.X loan of increase the the to of previous in portfolio. loans. X, family efforts Slide at was Partially
part are finance had referenced we million quarter finance quarter in amount in billion $XXX were $X.XX purchase quarter to our Amerant originated Mortgage $X.XX XXXX. in white first XXXX. our mainly. solution, lending, the Single XXXX. the Equipment $XX a million of of specialty fourth financing $XXX include compared This increase through portfolio the $XX Jerry in compared loans, fourth to of as loans label related million under quarter, and total family $XX loans residential of specialty during billion which an million earlier, customers to the includes million in Commercial
yielding This new Consumer is includes a off million us of previous indirect loans the yields. as in loans, million, to quarter-over-quarter. over quarters not run quarter XXXX of We're this $XXX production approximately move of and increase a million buying first which time. any were higher represented X.X% $XXX almost or to set decrease tactical for $XX in portfolio
were in of therefore which of the end sale, for as million as with connection of held all the quarter, $XX total previous Loans the end $XX and Amerant million XXXX. of Mortgage compared hedged to
our the was for as with progress focus relationship. which of total full have Tampa, to significant a this a represents of banking of show business line Tampa In end market X% growth we our quarter. percentage almost the as for of a portfolio, included the loan opportunity in us and source
to quality. Slide credit Turning take a let's closer XX, look at
the $XX.X from includes We and of coverage the economic to of the $X.X remains quarter. is quarter, in losses reserve end the a and quarter provision the charge-offs credit credit $XX.X million in to close losses for additional $XX.X which of growth loan of million million for an sound X% at quality. was quarter increase account first Our $X.X for The reported at million reflect factors. updated quality and previous reserve first million $X credit requirements credit strong. in for the the allowance million,
financing mention Charge-off reflect quarter million to XXXX that were quarter the $X.X of specific quarter implementation important before. in to period. the of compared the referenced million provision the Jerry due CECL the to first that charge-offs $XX.X related XXXX in million quarter disaggregated to fourth of totaled equipment for XXXX. now $X.X primarily losses during impact It fourth that relationship is Net first credit for the
loans $X.X year. in million and $X.X banking million trader last purchase, business $X.X XX the million indirect in million relationship This recoveries was from connection past becoming with by in days due charge-off several coffee loans. $X.X primarily offset
quarter the to the compared an XXXX. up XXXX. points the an totaled million transportation These first to quarter relationship of the of just related we total repossessed $XX.X fourth Non-performing $XX.X assets basis The quarter, fourth was million end assets basis assets at XX from increase of ratio non-performing of in include mentioned. increase the assets to XX of points
quarter. to to to to due to Our This York CRE $XX down is New loan loans last primarily X.XX% non-performing the are quarter. million property disclosed X.XX% for of a loans to compared OREO related transfer total a last already
from non-performing X.X ratio at the at loss quarter for of reserve at quarter In X.X and the the first the XXXX. the of times X.X XXXX, coverage last quarter end first close the the loan from to loans times up times close of
the CRE We're supplemental detail. from bringing Slide provide to our the on section, discussion portfolio XX further of
for We have of and coverage times peer profile AUM net sponsorship of and debt as loan of a value service conservative a weighted a well worth on strong XX% years to sponsor. average as experience each X.X based
our end the XXXX, borrowers. in of of have CRE XX% first of As tier top the quarter of we portfolio
tenants our in concentration total. stores tenant others. XX% Major regional pharmacies, retail recognized food among represent include significant the tenants no the have XX of CRE and top clothing, grocery and portfolio, loan We as national
CRE borrowers analysis of tenant their risk for impact vacancy variety sensitivity Please key has hedged for turn CRE of protects swaps, our rate note interest and of in interest interest includes the like our caps which environments. XX% factors, rates methodology from that underwriting retention. and portfolio coverage raising service a been Our or their rate ratio,
up our discuss the we number billion the million deposit we $XXX stability. the On XX, previous In $X.X Slide diversification quarter, quarter. first from ended and up
previous and we million up primarily million customers. $XXX deposits, this quarter, quarter. XX% time to or $XXX and well-diversified compared You mix which which deposits, by million international to driven totaled can $X.X by The or growth deposit totaled see have broker XX% the up billion quarter the to here $XXX compared continue was composed a domestic increased previous
billion deposits million now as of X% end XX% total the quarter account previous for of up to our $X.X $XXX quarter. the Domestic Totaling first of compared or deposits. the
are primarily to X.X% of XX% $XX total the compared and deposits, account quarter. billion which the or previous $X.X million for deposits deposits Foreign down international
while included included average per deposits more average customers on of of an our account account size international with $XXX,XXX account. granularity XX,XXX domestic provide To size with XX,XXX $XX,XXX accounts, deposits customers an
in interest and in quarter versus the bearing the versus and defined Our of all million of end deposits, or accounts, $XXX demand deposits down deposits billion X.X% money $X.X of billion billion were total as in deposits, previous as bearing the non-interest which the million $XX to The core million versus excluding core the $X.X quarter, time increased increase market [ph] $XXX first quarter, in previous the $XX deposits quarter. $X.X billion million previous previous an $X.X compared of deposits $X.X included quarter. savings
Moving on to Slide XX.
have table large composition. XX% further deposits provide our depository the color the it's fund believe to new percentage quarter, in base. providers of as quarter. insured This are of percentage We deposits regarding of show included well We to first we our that insurance as our FDA's end a deposit important at estimated of
collateral qualified Florida. are Additionally, the we maintenance requirements in of million public deposits, which subject $XXX by to State carry
which are million through primarily represented deposits, over customers XXX the the the by Reciprocal just $XXX IntraFi FDIC XXX% quarter. networks end as of and first of insured
this to offering are customers. high balanced alternative We our
dosed the for which with total Additionally, Amerant. million large to XX% fund of funding providers, balances above consider our we represented be $XX
financial strengthened light taken system, some as as to changes our the to and we impact recent XX, liquidity and position. events to provide have our liquidity color the from in in mitigate of in well actions Moving practices, Slide consider recent conditions additional the management capital regarding funding additional we important
of projections. opportunities lending impact testing their liquidity providers, include: cash credit, federal pipeline regular large accounts flow bank of and monitoring on of analysis standard reserve line and liquidity management ratios test market practices gathering of deposit liquidity for Federal daily management investments active on stress daily Our deposit participants. fund and concentration, with both other loans lending of an the Loan with and targets collateral facilities at associated and limits Home Bank scenarios, and Targets
first end assets source. XXXX, Bank the the of FHLB any No the $X.X with funds from were of facility quarter during from $X the billion an additional or funding window the XX% Federal of needed this from As pledged of total period. Reserve discount billion equivalent advances to from emergency availability were
borrowed Home our actions Bank of our highlight: from to the increased the increase the additional Federal at $XXX Federal cash we position QX Reserve part taken Regarding in million later liquidity position Loan Bank. by
As and we ensure and have in all of XXX% held enroll their over with to program QX, to this increased XXX We working are insured also diligently of large ICS, cash million XXXX. equivalents. XX we the into of on $XXX first Cash product holdings And them that the million volumes accounts Sweep end our during the depositors of by quarter FDIC. by Insured
Slide Turning terms like to to show would I our capital relative XX, position in ratios. of
ratio capital end first As the at capital ratio our our quarter of XX.XX%. was CETX of total ended -- the XX.XX% XXXX, and
common Our AFS in valuation tangible which resulting tax the $XX.X AOCI the our ended includes equity, investment of change X.XX%. from at million the portfolio, in after
providing a risk We disclosures adjusted and metrics would we the at sound is includes capital after X.XX%. management. portfolio million. of Such key for our strong differentiator ended which ratio, factor this an the approval to $XX.X tangible believe a enhance like And HTM valuation tax
losses for liquidity the investment discussed, portfolio. our unrealized capital these the comfortable of hold Given I ability and in our we wait to position feel and just reversal with
as The use in of In that level, of available times available. cash just a holding only which our as will debt covers liquidity QX. out company, than million annual of liquidity dividend declare we four and services at $XX million we more terms of $X.X carry end of the the OpEx holding
margin interest first Net Next, for to $XX.X income interest XX. compared previous will almost of the I income million net the the interest Slide unchanged quarter was net and XXXX the on discuss quarter.
portfolio. balances enabled during to position the us contributing where the to loan in sensitivity cost asset repricing incremental higher the Also deposits were recorded the offset Our average offset of QX.
the effect this current had deposit time the well to repricing during combined market portfolio As were deposit rate repriced not of we the rates. rates of increase money as market continue in at betas, and experienced that higher lacked quarter, increase and as
As rate quarter. you points cycle, the of the can a the but interest XX points current on we observe see basis basis from beginning up graph, during the of basis beta the in over XXX approximately cumulative
already a I bring of like two-thirds would impact limiting is to the and the current interest that of attention our left only at market repriced our expenses to quarters. your deposit to time rates, portion in have reprice, portfolio upcoming
as quarter margin, interest for quarter-over-quarter. Jerry net down points X.X% the was the basis into X NIM mentioned, Moving first
I decreases of reflection our in As order fourth content cost funding assets the ability quarter, NIM offset our to said in sensitive is position. and a
at Moving take Slide to the a closer would to rate sensitivity analysis. look interest like XX, I
floating our structures balance XX% loans of be You can XX% a year. repricing sensitive see sheet asset rate to within continues and with having our
cycle a change prudent approach rate adjustable loans. interest for position also the taken to best incorporated portfolio in our We a by rate originating risk interest when floors
currently We loan flow portfolio with adjustable of XX% over rates. have our
of can now progressively to have you rates adjustable rate. to index we our how Additionally, see XX% softer we have this transition portfolio and
profile sensitivity changes. withstand sensitivity portfolio We quarter. compared remains the our to to showcase NIM the valuation our previous ability of Our added to negative additional AFS stable
improvements expected runoff for of by due investment portfolio. million the I to the would remark AOCI like the XXXX the of to the rest in organic $XX
actively XXXX. remainder position bank our to continue of our to will manage We best for sheet balance the
to quarter by by on we've higher banking loans, offset during mortgage advances, down decrease XXXX. early sale gains $X last XX. higher valuation from and resulting including of brokerage Moving in service was quarter. The trading derivatives to net deposits on with the fixed the in issued non-interest higher debt sales higher of customers driven and income by during fees extinguishment improve The volume. million, the The non-interest decrease on of by ended million, fees of the $XX volumes via FHLB and on securities, income partially reported XX% higher gains lower was net a the institution up the or gains subordinated losses driven $X.X income income financial higher XX% Slide from million the
the quarter driven from Amerant some asset the net as of management additionally of the of classes, in in improve continue And up X% due $XXX $X.X this million million end totaled assets as under million $XX we to XXXX market end $XX assets. of the by or billion concept. new first fourth to see valuations quarter,
XX, expenses quarter million million a non-interest item, conversion or up from primarily million fourth to $X.X resulting as and the FIS consider expenses. first severance were the from Slide of some in to $XX.X in in upcoming X% quarter. closure Texas, July, the non-routine We addition to Moving the $X.X a banking center ordering
quarter Excluding were items, expenses non-interest first core XXXX. $XX.X million these the in of
The quarter-over-quarter balance and salaries professional assessment other other charges increases sheet, in driven consulting by insurance increase driven with conversion, business businesses, were higher branch Houston. the Mortgage higher with Amerant lines and primarily higher connection expenses and in fees development of higher FDIC connection an FIS and a on of in the to impact in in closing personnel, related
due advertisement partially expenses lower the offset lower lower absence was by depreciation to and derivative in expenses expenses. non-interest derivative volume primarily expenses increase The certain of transactions, of
ratio quarter XX.X% last quarter ratio the increased to XX.X% Core first first which the XXXX, year. to XX.X% the same in the of the compared in but down previous compared in XX.X% was quarter in to XXXX. of fourth of XX.X% XXXX, quarter of Efficiency was efficiency from in the quarter,
Jerry now remarks. it I will for back closing turn to
