morning, Good Ralph. Thanks, everyone.
slide seven, through quarter increased to compared quarter the million positive quarter. fourth to $XXX average with trending third Turning loans the growth
energy CapEx. million increased well delivery and dealers customer Average market Our XXXX $XXX as took capital higher increased we demand expanded balances to reduced million auto $XXX basis activity due expanded grew borrowing dealer portfolio due relationships. of loan added and as and as the models to
customers continued volatility reduced cost base annual have to downturn. are We leveraged the since energy well-positioned they our who generally as support to last price withstand recent
about hedged. addition, loans. In are remained just X% energy below of they our appropriately $X loans or Average billion total
business growth services. the coming from buying Mortgage services, offsetting decline $X.X services rebounded summer estate, in billion in as well real in increase commitments in third increased and billion, this Banker end drove period that over growth estate dealer with our with increased declining private period-end XXX Also all environmental life entertainment lines. points in billion to Partly billion technology to seasonal at loan December. business fund and $XX sciences, growth as over equity also $XX were an Loan was which were We $X.X increase season. home by commercial of following basis corporate almost XX.X%. Utilization loans a real Total most particularly banking. lines led over quarter growth
points. fees from quarter XX loan basis in third a rates elevated points. offset basis increased yield Higher basis by was XX level, yield which loan decrease X by added partly points. an reduced the short-term Our This
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to million at an X.XX%. we the able quarter in were yield we $XXX that addition, average of paydowns the in In reinvest received
basis the net XX, XX slide points Turning interest in $XX margin. a increase net which interest income million, drove to increased
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as rose with shift senior funding of minor in as The quarter rates impact pay mix On together increased four which the well a full or well $XXX as debt the increase million costs short-term points. impact side, of in an million rate balances, had $X the in basis added as benefit of basis increased costs was quality Credit slide shown had remained margin. margin. $XX in as end to strong the points the XX wholesale or million million at issued X a $X on from impact we to the rates In net July the basis points XX. which funding deposit summary,
portfolio points, end. XX for of loans which remained at Our to remain charge-offs our small and positive loans increase of criticized in and was total low now basis a vigilant, strength. X non-accrual and a ratio gross decrease. titration in in reserve basis reserves loans the X.X% Loan million. Total at decrease criticized net partly declined of loans. of We loans our our only represents charge-off non-accrual a resulted by This included monitoring comprised Energy ratio closely $XX $XXX million X.XX%. points offset credit continued signs total quarter growth,
are we concerning point any this at not However, trends. seeing
deposit Turning income to increased Employer's well accounts million the remained $X deferred fees controlled day slide charges which our below in in net of Service ratio which commercial is Expenses $X comp one slide was from specifically quarter impact a XX, from on the as in million on dropped increased impacted as the by fees, increased offset well expenses, excluding and securities as $XX loss customer lending $X in increased third million. third the incurred fees $X XX. decline non-interest $XX [ph] and quarter. million non-interest efficiency activity, million. syndication business XX% shown million, card
technology GEAR other initiatives increase in discontinuation Up by occupancy our final and and benefits surcharge. GEAR to continue higher as benefits of This with XXXX third associated line million, $X million decreased million, with an partly professional thereafter. million of derived is mostly project. from the This comp, contract and million in which was increases $XX a from deferred decrease $X expense. Up minor charges such items labor the FDIC quarter expenses the due fees salaries $X equipment, restructuring Excluding offset quarter. were $XX into The several increased will for the
in out the that when launched in in We we This and efficiency efficiency is revenue our initiatives many opportunities first for GEAR our success and clearly laid expectations surpassed return for respect mid-XXXX. Up enhancements evident have and metrics. achieved we
returned X.X slide $XXX program, Turning with shareholders. nearly dividends, to repurchased equity equates million shares Together a under in shares. we total repurchase fourth we record X% to our million of our XX, which the to quarter
ratio declined Our CETX to XX.XX%. estimated
We our strategy. to is are robust on ratios capital a level reflective that focused reducing our business of
ratio is pace CETX to by move a XXXX. of forward XX% measured reach to goal Our a of X.X% to at end the
generation, will careful needs to market pace We as to we consideration buyback. of the determine and continue the capital share earnings give conditions
XX% since select have products. believe to we a the approximately standard is are XX% will drive mix of bulk beta bearing. and balance deposit on December with points careful LIBOR. deposit been able Approximately to rates. increases of deposit sheet a Combine in beginning to cumulative we increased pricing being to with the the positioned deposit this XX-day In loans cumulative XX, of XX Turning we favorable beta the slide majority rates this conjunction of XX basis XX% rate our of action, non-interest benefit costs rate in Also, and basis well cycle. the from increase quarter. our to floating tied our Fed We have with average management loan points first with
$XXX interest monitoring we XXXX rate to In year add will deposits of increases market. alone total, that closely the as $XXX net the XXXX. as benefit million approximately our in are the million income well full to We estimate
movement, depends to betas continue the recent to balance begin the Of With outcome adding course, on as our hedges. sensitivity pace. sheet by rates dot Based variety evaluate increase, market slower plot, LIBOR volatility, of to of deposit the time albeit to a are factors such asset we dynamics. continue and on moderating a some expected appropriate at Fed's
the regularly is gradually our over committee to liability in half in movement, determines imminent rates given for asset and hedges short-term expect believe don't hedges. We sheet for balance Our our appropriate and rates market assess time. outlook prices and the layer decline acquisitions a
for an provide update the XXXX. I'll our to outlook call turn on back to Now Ralph
