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and of X equivalent due relative basis Total to point growth yield quarter, increased XX the over in result assets and point income increase points as exceptional is deposits security trends loan from interest and increase an interest interest as XX cost the a $XX.X loan to increased partially ago over increased performance. million at yields. which mitigated quarter. bearing or flat $XX.X was earning increase in end in the and XX.X% last on The basis last portfolio the basis tax well Net an quarter Margin was by believe aggregate. XX to we increases basis in linked year point to basis the million points, in liabilities bearing quarter X.XX%, margin XXX
short quarter a still somewhat collapse banks curve regional significant has this moved smaller again The saw Once a a become reach rates few amount. down move but of large out market the crater rates. trend in significant [ph]
indeed living attempting rates. betting times to those Challenging for make a on
us, we that. for do to Fortunately don't attempt
largely and focus in median my balance, and different a believe are is under accounts today than $X,XXX on total So deposits will accounts average bit monologue most. the Almost, $X,XXX. of two-thirds $XX,XXX we're than deposit I retail why we less the is of guess these our and
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my gets as believe is We in these the it a as XXX,XXX given as is have unique good frankly it this unique we of will. retail over hard bank, and households in you experience. are and granular address, Over identifiers at it as least also gets if XX%
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Second of age at than a years. age Old commercial checking average is years public checking is XX funds. average of at The The a Second XX greater retail excluding Old account
is Our XX average public a mature it base have of experience. in as least -- This at my an deposit age gets, as as funds accounts years.
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these together, Second. from maturity and granularity dynamics two the Taken explain Old you've seen deposit performance data
to have deposit seen the we bit had complicated, the problems regional have over liquidity the the We been have plus? recently. The speaks that of never certain why approximately money the both of the post-pandemic was year impression last the here would continue either the banks that is there leakage historic think to some So income provided under unleashed XX% but a late losses answer I and gains to banks in that XXXX hide ridiculous in XXXX from resulted permanent or Fed I organic. growth hid come. and that deposit fled fixed in believe by realize through
Unfortunately, in to and cannot deposit industry banks finance These income our right no put losses but long flows rates endured took those in order to pay and bonds the smarter they have investors. deposit in place money fixed in have sell. back of assets afford many those to choice like
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large growth to of interrupted liquidity tumult quarter Our of This in plan is to articulated and downstream. fund be the problems bank by a activity spread remixing need on those out briefly very should by failures conservative this securities. recent position calls was the loan
never don't deposits first to practice core the to expect rates this to that were need resume and meet the bond type feel in place. quarter on We
in of than always terrible important. for think typical flow quarter January I March were in was for This face Morgan. Deposit long-winded all this apologize that I bit news we seasonal exhibited February stable that, JP it's banks Balances other the the see. a in but and even decline and flows a
the that a rates. and to The well being out us including addition slowly bets Duration Second still of remixing fixed we the added investors so swaps. to is implications of aren't the in numerous asset have interest served Old ways hurry large sensitivity reduce place securities for is in that on variable received path of
and months sensitivity quarters. the gave single to mention you and color didn't ability source last relative I increased overall low to to two has the that six halved and we liquidity would portfolio have to has our last is has to Effective be duration remains if moved asset in now portfolio dollar the deposit that maturity from the ratio on our the over climbed I not been remiss quarter. years. slowly The we held X.X loan at last a bond
duration Old quarter basis portfolios seen points added recaptured relative from improvement Old continue sharpen longer the that would will version remains we portfolio The of to the linked I capital as Second you in XXX months. the in Second end. quarter, just that like given should net with the which XX basis securities TCE quickly. remind evidenced Mark to short point high outperformance quickly combined be result stars ratio the is TCE would've basis the on relatively build six points XX by have in last but means
the undrawn strong sit in excellent an we liquidity holding well. approximately have the is and a we unpledged at short, today, is additional securities. position $XXX in $XXX In as borrowing As million capacity in million company and here bank
permission debt retirement to more to year this We seek resume stock consider well. repurchases and are as likely
loan from to year, our rate trends and very are but the begin subdued high fixed remainder portion remain will historical projected to the sheet contribute the of portfolio Margin given at be balance more well. the as flexibility over levels of more here
on though for near-term the over significant million be roughly loan that change the growth was consistent growth loans credit expect Provision with I losses with could of during recorded worsening $X.X in provision would to quarter. environment. macro the
lessened driven pressure data considerably. declined Non-interest Wage continues real from previous million remain as but well markets, processing and the expense on to computer our lower salaries benefits quarter by $X.X is very expenses. as and employee
raises, quarter XXXX. of higher remaining are the so did annual represent quarters anticipated for first salary The employee levels
I million and $XX and million continue wages to between expect benefits to going quarterly forward be in $XX near-term. the
transition costs company. the pleased I'm into investment work the but to high, together performance the improvements maintain have we with we identify to warrant. to running the the to dynamic dial make back conditions need and Given we'll ability been way larger team very as employee continues revenue a as more
outpace core earning Our efforts profitability. the growth funding loan to coming Expect on quarters bulk to of overall additional of Board, in be growth asset year. the continuing our helping customers talent bring excellent quality the with will growth loan in to the remainder
over I'd to turn the to back call Jim. that, like With
