led portfolios X% Link the gains or both We in quarter in lending Peter. Core robust Growth to primary was significant market, PPP or hold the pay X.X% and respectively, The respectively. you, $XXX at we commercial and year-over-year. increased and digit quarter. and share. quarter, balanced growth XX.X% of X.X growth strong loan double market XX.X% annualized by net year-over-year loan our again market realized billion again largest linked trend downs Thank million, XX.X% by consumer loans X.X% and where has share across
decreased earlier. later secure. portfolio million than or core maintaining link remained quarter, increase growth disciplined will primarily our mix remaining our was from our real underwriting The million decrease was our growth linked by unchanged in consumer stable deposit year or provide by conservative public a -- discuss commercial deposits. achieved $XXX and has $XXX portfolios practices, for Overall, to while approximately with a deposits the and loan years X.X% nearly over for management estate half More rising environment. XX XX% quarter than Mary Deposits low relatively from As continuing of core are X.X% of more quarter, an with government predominantly with court of deposits only are operating and bearing of of deposit in predominantly accounts. with customers years. and for in savings consumer are cost XX% been source have non-interest rate accounts our deposits and XX and a remaining commercial XX% customers funding us public time the XX% total checking X% and deposits. X% deposits that in consists in
both in years is beta fourth interest to quarter, due from points remain strong approximately sensitive rising interest cycle-to-date. was balance next growth of and in This benefits the XX million. Included position income and expenses in Our and and savings well increase cash quarter costs between evolving our and yield severance differential enable that adjust offset total income X% flows or total and up will in differential discipline balance us severance in over the The we Net for included in the million the core quarter. XXXX, sheet while maintained deposit was more quarter, in third of environment, of XX% we to portfolios. Net income, $XX.X flows interest expenses were points basis Adjusting third as of were to third overall sheets, million assets our is by were linked rates. for our loan lead for interest $X continued PPP turn continued economic which expense Adjusting our from with quarter was interest the will the with loans. net our $XXX.X expenses rates. invested expense income was partially X% investment in million quarter, XX.X to an growth invested basis loan commitment deposit annualized two net cash from in interest $X.X interest and the the points supported or yield expected by earning quarter's loans our and lower. continuing will the approximately asset costs investments. margin up total increase contained average or XX% $XXX.X of quarter, X.X% to evolving being $X and are deposit with in the the X.X% quarter, These higher sizable one-time for totaled growth new continue and In reprice which third XXX the third workforce continuing XX quarter maturing a of invest third the if by linked million. support X% business. position driven runoff to innovation basis we PPP million from quarter environments. core income from The million, loans. million third the we investment slightly $XXX.X securities our if rate Non-interest to primarily than $XXX,XXX $XXX.X expenses, in million of to
reported income full interest the quarter million. million normalized $X.X guidance, $XXX in on XXXX in third $XXX In basis severance third was common of Net be will or the earnings a previous million million the expense from quarter XXXX, when $XX.X of the the was For which net expenses million, year $X.XX. in approximately approximately including income it the quarter third is unchanged share $XXX.X was severance. per for
core income driven quarter, loan net growth strong interest earlier million rising by interest was up which excludes interest PPP rates. income, linked $XX.X As and million discussed core $XXX.X
the $XX.X the quarter. later, Non-interest third down losses did in discuss we million this not from record quarter, provision second. will Mary a $XX.X As for totaled credit income million
Market to other lease income Thus interest interest interest a ratio. a residual in hedging asset and charge of leased million The reduced XXXX our offsetting and deposits in market received currency of B was swap and third the decreases no the leveraged the foreign remaining charge one-time $X.X income rates million exit swap and two There revenue. million to customer loss transactions. $X.X There of were by collateral exposure. in $X.X related conversion in the equipment income recognized was was impact totaling revenue charge resulted and equal impacted from with which contra on income related related $XXX,XXX related leased change in by leveraged and approximately items in to quarter's income. termination additional on benefits sale income $X.X fees, higher overall Class VISA assets was last was and a income sale to net paid lease by mortgage were originated management higher of net The the competes non-interest banking million. as non-interest no volatility to a
rates income fees. be High million continue expect approximately banking mortgage in management income conditions will fourth the asset $XX non-interest quarter. and volatile and market We pressure to
net core assets was primarily were X.XX% quarter XX.XX%. driven the margin linked points return third reported was XX.XX%, the Our XX with third the interest items efficiency equity return [ph] respectively. our quarter the the basis The by during and quarter. was increases of impacting Both prior common from and on on quarter, quarter was ratio linked X.XX%, and XX changes one-time
reinvestment, margin tax margin benefit third betas quarter. the in increases. expect deposit from The long While in growth to quarter approximately be effective continue five points accelerating was rates, XX.X%. fourth mix growth, and Thus basis shifts higher in we will will the temper the will rate
As a third part we rate to quarter tax XX%. the tax our $X.X benefit the of the is in aforementioned in tax recognized equipment, expected the approximately fourth of be sale reduced to leased quarter. The that provision million
both we are opportunities. maintaining conditions and capital to growth our liquidity As support evolve, continued levels, to market strong continue positioned
while relative continue Our low peers remains loan local greater growing to pricing maintaining and to room flexibility. affords to and regional ratio assets us our deposit
strong. Our remain capital levels
still respectively, levels capital excess robust to room with Our risk-weighted profile minimum a above maintaining assets the ratios to strong growing, well relative while capital our total the and below capitalized CET us X providing lower XX.XX% growth, of ample XX.XX% with well were Despite regulatory and continue loan our reflecting are peers, our and requirements. assets total levels. healthy risk
approximately quarter, in the portfolio were interest available the billion securities higher in the held of [ph] $X.X to value portfolio ALCI to market transferred for of order from the During reduce rates. to maturity sensitivity the sale to
of common Board to out $X repurchased the third our quarter, XX% a XXX.X dividends. we We dividends in of shareholders total quarter $XX of of net income of shares the a million paid finally, common and fourth or During for stock share million for stock $X.XX in common dividend declared preferred available per XXXX. million. $XX thousand And
turn the over to I'll Mary. Now call
