we and quarter, Thank had unrealized Okay. the only P Triple $XXX,XXX you, fees were remaining. XX,XXX Lou. of for fees
We that's from million our PPP books at of loans end, have quarter the remaining $XX.X prior million on $X.X from and down quarter.
our to 'XX. prior to increased third on or compared deposits grow quarter the Moving compared to continue $XXX.X and of Deposits million XX.X% Average raising the rates quarter. through XX.X% or modestly despite the annualized $XX.X deposits. to million quarter
While expectations. our been our XX has rate deposit movement fourth costs XXXX the has moved since X.X%, points, of for beta our deposit up which quarter basis the outperformed
XXXX, deposit expecting the of we taken beta depending remainder actions the For Fed. on by higher a the are
of could We bills money have U.S. money more us it X%. competitors' match on short-term put those treasury and intention accounts they clients telling we their requests or and Clearly, to savings CDs clients no get seeing rates. market promotional are from in rates matching and take
beta As call, entire vary to should modeling rate rate cycle. our XX% purposes, that close mentioned we throughout look will Quarterly hike believe XX% be but cycle. to throughout our this may beta some, last the for figures deposit the at on we
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base our that are to make the of the this brings the of is value the in accounts, DDA deposit in the our overall accounts bank much, enterprise demonstrating up with of deposits of relationship-oriented, up Another Overall, point nature, gone is enterprise rates clients. U.S. to moving on Century slide many With rates. our so are rising primary of while DDA is franchise. tremendously. value even base XX.X% have value we and sticky granular our for deposit Bank
prior margin.
Net from interest compared So million points let's to $X.X or Net quarter XX.X% XX.X% is X.XX% third or and the third XX million basis compared interest quarter prior points annualized the quarter this of impacted up up the the $X.X of XXXX. see demonstrating XX of asset-sensitive XXXX, increased income quarter an the margin and to from balance sheet. how basis
basis NIM our basis excluding prior PPP year. up loans, you from If points been the XX at X.XX, from XX look impact our and up would the of have quarter margin, the points prior
deposit yield are page. between by side spread lower to an the cost continues chart in also of improvement the the earning left-hand our seeing widen, asset demonstrated our loan mix, on we and the While
Let's impacting and sheet you see how all in next is balance the what slide. our on quarters coming can this expect the
improvement experienced for Century an and NIM due rates, to well we've already believe this our in we interest While cycle. rate net to continue positioned Bank is unprecedented U.S. higher income
sheet. quarter with and Again, longer-term have have assumptions balance our securities, more neutral we models is a are lower year sensitive and on which Having last than assets short-term balance for sheet less X is asset this year will our sheet less and asset-sensitive done as said quarter loaded slightly have reprice our X, are balance cash, than First, means this, our loans. static these faster for liabilities.
outperformed lower-than-expected have assumptions, modeling actual a by beta. as Our results demonstrated our deposit
Over we beginning be the to XX% XX% actual net faster. aligned the the expect rate, rate. the while a a is reprice are more as of portfolio our deposits with remaining is run, fixed income variable interest Furthermore, closely to longer model loan
against provide and variable loans to indexed rate rates, the and know, variable As LIBOR. protection prime, CMT, rising are loans rate you interest
reprice In a X repricing rate loans And the have with bank of million modeling, above XX% the within coupon of X% the average reprice next to terms future months increases. loans with $XXX we rate will of these X.X%. repricing, loans according alone, rate year. could following variable and In our weighted hybrid the of
$XXX are may higher important reprice than note coupons rates. of of is that it higher these will the have of already prime the to benefit that While seem million to XX% loans expected, tied and experienced
to deploy loan NIM scenarios flows income. impact higher as we yields. combined economic cash to NIM expect securities interest our with 'XX our into portfolio income All into 'XX stable the challenging. net these lower at the interest for continue the new mix relates rest and and portfolio net about of it high for liquidity hikes positive our remain As our short-term uncertainty much items and are conditions forecasting of The to yield the portfolio, our and we production investment to
to For a the in remainder of I XXXX, levels. NIM you increase would modest current the guide from our
to extended expect period the an potentially NIM income. deposit to that, compressed for from in as of noninterest move will XXXX, depend to and costs with disciplined live slow-walk upon be up loan For quarter. that's we This our million, time, the inverted we would flat ability and our Total was in year. remain curve yield pricing. let's With our an flat on largely slightly prior noninterest $X.X to income later
$XXX,XXX some up fees was in a decreased individual year. at service line securities for X.X% slightly quarter, to compared Looking items, but We sold the loss. prior
However, embedded a we million for an by line. in amount $XX the offset that other had loss that selling FHLB gain. similar offsetting gain is advances The income of
market-to-market our our the sheet not can of we million and which balance had origination undergo in on FHLB we for loan $XX sales loan in remaining monetize gains advances our while needed.
Last, FHLB our them, fundings in the accounting, sold embedded we note, year-to-date is securities which sitting in to some SBA $XXX,XXX to do SBA have Just line premiums, last and year. if quarter, advances
expect we continue this is XXXX. the year, much in last trend However, than year and premium this lower market to
let's So on to expenses. move
in moved $XX.X make from and technology. while key $X.X up to to quarter to line items Our we are total continue most expense million, as personnel prior base the and up flat million investments
expect and growth. to increase sales with CECL, new provide due expense fees due for the origination our increases legal Consulting is an CRE-related new efficiencies stated to expenses to CECL a in in few expense and and studies, predominantly wages salaries come. to on As which our signed The or a for ties system, will incentives years software, which we operating into we up agreement commensurate personnel last loan placement call, implement hires. onetime was
cost from taken quarter, so with XX.X% ratio, from have appears have that efficiency repeating. in point will provided worth to prior and a down the a the increase, While increase this out we is guidance that and sharp XX.XX% line is you, the we I it's
the investments focused to support our will expanding bank to continue and forward. we run sound, margin efficiency to believe While we make technologically a continue grind with to scale, to down, necessary safe, ratio flat the growth, net interest lower a going
no was million. charge-off X no loans. Moving for and $XXX on nonperforming $XX,XXX, REOs, The to losses credit CECL on allowance had asset is for track. quality. We
previously, X% makes program remain approved rate this a mentioned Capital and They our quarter. has repurchase for Looking our shares uncertainty current growth. Board the while or down total with levels. at a current January year the economy, capital. came price a as buyback the well-capitalized not levels of of shares, above in approximately XXX,XXX any And bit management shares in stock given And did the attractive, growth very outstanding. repurchase in share
Bank a out which environment.
With slide it believe franchise, at Century us I are in of back and would lists balances comments. to I'll one to again franchise, U.S. of these relevant strong point especially strengths Luis thesis investment rate as highly X of for our and turn final closing this powerful some takeaways, all for underscore the here Our we that, our believe DDA our
