to higher and our we my higher-for-longer quarter Kelly morning, Jersey on sustained adverse today revenue, in interest Good cost maintaining financial an by to after focused this had impact detail Bancorp's am operator. continues margin expense you, will liquidity on earnings and on Financial share team illustrate rate our pressure to and opening with the I impact remain offset Officer, on Thank call. Chief strong that pressure. robust top management results My base, who rates Blue of exploring market, welcome I our short-term Foundry line we have third Pecoraro, has and and some The funds. expense our stable quality. opportunities earlier company's greater revenue. diligent remarks.
The joined announced base the to New environment in Despite highly have the our reduce Northern asset results management competitive coupled capital the of been
better for saves. services in resulted customer to productivity employees And a delivery We continue our technology to have efforts our a year, further than productive we by and provide our employees year to more challenged in importantly, streamline investment Their contributions. this to experience. optimize has and and reduced staff increased XX% their of consistently in most redundant reduction be appreciative tasks our cost this are we allowed ever. we operations, customer of Earlier
quarter that among in during bank or the expenses the $XX.X capital Both steadily levels were company and declined operating and holding in the have industry. second $XXX,XXX million are the the expenses year. in Expenses the $XX.X quarter. of banking our this $XX have quarter, million Quarter-over-quarter, first million declined X.X%. Our highest course our
regulatory are All levels. of ratios our capital the more Xx higher defined well-capitalized than than
to maintaining of the reducing tangible over securities million the risk capacity operating assets sale quarter, At common in of end XX.X% we million was and when liquidity. $XXX remain liquidity in had and September paramount unencumbered XXth, Additionally, $XXX the liquidity third equity current untapped available provided tangible at our borrowing another environment. significant for
cash, on collateral teller cash A. received program, our had quarter hand cash and counterparty from swaps we million $XX at Excluding of
to a to uninsured percentage continues Foundry concentration Blue with risk any single low depositor. operate of Additionally, and low deposits
acquire to at million customer deposits. Uninsured total who $XXX,XXX, the For programs. an and are September represents Cedar ICS bank's account XX% This deposits XXth. coverage of FDIC customers we with the sweep approximately able accounts were additional from traditional through beyond provide coverage them our $XXX
Additionally, and our uninsured covers customers. to deposits uncollateralized available X.Xx liquidity our
While be resilience with prospective of uncertain, environment our portfolio. the the credit pleased lending remains we continue existing to
remains quality credit Our strong.
underwriting loans nonperforming production remain and levels new favorable remain conservative. at standards our Our on historically
authorizing announced program completed the of a outstanding shares. repurchase our Board approved we in Lastly, program second an July, Directors of repurchase third and our X% of additional stock that
quarter, we answer to value we September the book the of and call per Tangible then that, share over of $XX.XX would During share book tangible weighted average delighted capital.
With be your value. to questions. at Kelly? at to $X.XX, a represent Kelly, I'd to prudent repurchase believe like use shares that a XXth, cost programs turn we discounted repurchased was XXX,XXX continue a and
