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Contributing points interest mostly Finance XX% yields income loan continued compared X% leases the to net basis improve the over linked At XX X over respectively. third to the were quarter Our and quarter. quarter, expanded increasing our and margin to loans. the Premium and the quarter interest the in the net points year basis linked increases due higher by same time, prior to
also the positive net points, had increased Our quarter, the quarter. compared interest for prior in portfolio, deposit which positively continued to impact yield lease the quarter. costs, new higher the margin X to a net positive basis leading linked the of decline which impacted cause from the of our was Compared – XX.X% year interest margin
the funding XX over of We our quarter strong costs, control declined compared points had which third have basis to XXXX.
interest were and grew of premium for for cost $X.X to loans we by months PPP our compared deferred while fees to million million recognized margin quarter, the quarter. income XX quarter XXXX. first XXXX, interest worked Again, $X.X points linked income In the basis margin and on XXXX to the first income driven to load for benefiting XX our income added the $XX.X deferred of compared net reduce the to $X.X points million Compared our our totaled improvements yields, linked XX% costs quarter. months nine nine million net increased interest PPP During points. XX compared basis total, to during loans, hard for and and the PPP net of fee to deposit leases related these basis cost. finance we the
adjusted is for XX.X%, the mostly reported the adjusted basis, and grew were our adjusted For quarter, third as for efficiency ratio flat XXXX. the to XX.X% year-to-date quarter non-core previously compared was Chuck significant ratio When quarter. was linked which items, our the XX.X% items, efficiency efficiency during to which On our mentioned. ratio non-core due a
Our losses linked is income X% compared fee grew based and excluding income, the gains which quarter. non-interest to
Our or driven was fees. activity service were higher substantial up funds a deposit $XXX,XXX, insufficient and which and had XX% overdraft with associated account by increase customer charges
during and high increases income slightly. in the and up in increase which XX%, which the recent and to banking XX% growth banking followed after trust income, purchase quarter, We fee division quarters. fee declined quarter significant These leasing generated prior nearly income also growth had their Compared by were year XXXX, which and up diminished account deposit the has was offset charges. service by volume and higher refinance lower electronic income, mortgage during XX% considerable a based investment had income. was Our based
fee while by also increases were income For These to six XXXX, decline division the loan first X% was deposit The a and higher of increase commercial in partially prior income electronic mortgage contributing Also fees XX% the was offset nine income, provided fee trust the insurance in year. was account which months months up income. banking coupled of XX%, led service income for based and banking the leasing growth acquisition. compared swap to X% investment lower increased with income based post $XXX,XXX by grew and charges.
For linked quarter. expense XX% expense the non-interest was side, the from our up total
The third mostly expenses of the of much and and which drove Premier expenses to $XX.X acquisition increase. negotiation vendor were the contract million, quarter included non-core related
heavily increase our compared to the quarter. was by a increase be the of costs operating ratio – insurance expense expense calculation. $XXX,XXX leasing along data We by Also following to additional Premier year The with associated Our with earn expanded software expenses to temporary as $XXX,XXX the linked increase of business, acquisition. connection impacted increased and linked is driving estimates non-interest quarter, the remainder in FDIC the the to with anticipated amortization Premier a non-interest to of payment. the recent contributing the this compared increased in This of XXXX, third grew acquisition, associated higher was production the XX%, assets prior part footprint leverage other with Compared with associated driven which increase quarter additional again, FDIC costs. acquisitions, during for with the leverage higher for intangible part the of our ratio the the non-core and processing is was out increased anticipate quarter. quarter which of total expense second our with lower the expenses recovered overall the insurance along
million $X non-interest our third salaries benefit We by also increased we increased and marketing along operating have – operating total have also XXXX. the acquired nearly expenses to which expense have the businesses, compared continued continued quarter. impacted costs costs total Higher over the with expense costs non-interest of quarter employee year of recently prior the
nine first grew of XXXX, the expense For XX%. total non-interest months
were – mentioned, year, costs continued I total this of the As operating with businesses. the acquired along the much non-core expenses higher
the and our corporate continue higher with amortization have toward employee overall Our intangibles worked costs complete implementing higher to we XXXk we minimum add costs as processing year. the increasing increased along have Salaries increase incentive compared our matches, of to costs continues data benefit medical we costs recognize as while acquisitions and production. associated to and wage also the and increased with software last to grow
impacting during ratio as further second grew assets Our the calculation. continue $XXX,XXX our coupled to of FDIC expense insurance quarter to a of months XXXX, this nine leverage XXXX, grow with compared the lower first
to During XXXX. the periods months We insurance, we business. which the early process utilized in related that expense necessary first credits of increased FDIC the of view have recent to lowered as XXXX, our part nine our we grow incurred costs for
While shareholder in return these us future. costs time to help and high, one they provide position to are ourselves greater are
XX% overall assets June the which our Premier the billion of ratio nearly due $X investments. to balance XX, due At from the end Our was acquisition. portfolio to grew investments The end, mostly grew acquired total quarter nearly to investment was the XX%. from September, linked sheet by
anticipate $X the to as Our loan deposit rates $X.X is size of is increase, investment is acquisition. our The We materializes September to acquisition little $XX portfolio Premier time. XX. relative our a utilization over and liabilities be, liquidity $X.X tangibles it for to preliminary accounting acquisition would and billion, of acquired over we able and higher the Premier of and we million. core line assets that to total Premier overall than total goodwill our growth which assumed of access portfolio be assets included The the impact around at should credit due of like decrease million investment of of billion,
increase customers deposits, to we Our with quarter which balances organic our end in running our coupled is quarter. off reductions $X.X third we had a anticipated pandemic, balances. had which total deposit – of we from quarter, much billion. have fourth balances as the deposits in at We deposits, some been had due At higher anticipate of the runoff the the CD included acquired end that brokered had seasonal governmental also and of during inflated
total With the acquired grew at XX% up deposit quarter balances, our end. linked demand deposit is to a the percent deposits of from XX%
cash on improved quarters ratios negative to Premier acquisition. loss, anticipate impact The continue upon of capital Premier future the our with to non-core year The a quarter-end, negative cost it to capital third as business we had an ratios impact the acquisition. Star the ratio, had Our North during Leasing recorded the improve a our from acquisition as the the we ratios as linked of our was we Premier associated net But away a ratios acquisition. compared all deal. items mostly during completion due the on move also but quarter the our to improved
rate Our Tier common XX to X equity points improved ratio basis XX.X%. capital
to end. total based And XX% to risk ratio leverage was our the And fourth the we cause points to quarter on impact quarter the inflated of quarter ratio Our XX assets due during assets. our quarter capital impact increased to the XX, our September decline. Premier ratio will leverage ratio anticipate basis the grew full At at average XX.X%. partial
value for now final call his end. June per I will at comments. back also $XX.XX turn and Chuck to share the grew book tangible to XX Our quarter compared X% was
