and quarter to the $X.XX, $XX.X morning Phil, comparisons are XXXX. call. diluted with Starting were on of earnings everyone of share second quarterly I good X, the income Phil otherwise, on you, per million. this Unless note quarter Thank noted, on net Slide as
in reflected an were noninterest and the down income, net quarter a expenses a an for decrease income. Third earnings in provision security Total decrease increase in slightly. losses, credit to noninterest increase interest gains
interest the though in in X%, growth. by day our were or that earning partially There was X% the million linked one Average $X.X a quarter, net margin of in a basis or $XXX interest other net quarter. the sheet Even of earning also Slide Moving the points, $XXX offsetting growth with in The margin loan million the yields decrease interest there to assets' mix. average the X, balance driven is additional by by net income largely of accruals interest the impact interest was assets. earning up X points driven interest increase assets. interest improved decreased increased short-term primarily X remainder million loans basis
earning shorter-term points interest deposit of our certain in points, to growth lower basis pricing assets result our municipal only assets. other promotional growth, X in This invested yielding while earning funds increases funds basis deposits a increasing around outpacing excess cost were in increased in and efforts. overall As resulted raising X loan of deposit due interest yield seasonal
than for the raising interest outlook we liabilities third the $XXX X% bearing were Our was net million XXXX lower provided deposits Both expected. $XXX due of $XXX in and in was million liabilities our decrease increase to loan than seasonal in quarter partially deposits by in efforts, borrowings. interest deposit by million offset average driven growth increases and margin primarily total range respectively. up bearing increase a largely quarter mainly or The promotional linked short-term non-interest-bearing X%, due for $XXX and lower by interest-bearing million the quarter interest or to the deposit
increase first basis points, of the basis points. by the income average a the interest X% assets X increased an deposits net X.X%, This interest in of borrowing net point earning For increase of cost being the only the driven basis other X million on months advance cost basis due earning was $XX.X and point to X net margin. increase increased interest offset FHLB X XXXX, funds prior refinancing. long-term lower result of and while in debt increased assets cost in XX a or by long-term Yields
points third Slide slight than we except the a remained for coverage allowance XX recorded to million loan growth. loans relevant in of the were second quarter. Credit average quality compared the loan $XXX,XXX this and The more both of dollar quarter X, provision credit a slower non-performing with losses second of offset consistent million uptick decrease on quarter loans gross actually provision as charge-offs and in based basis resulted factors, a consistent quarter, a the credit percentage the points but XXXX, charge-offs. quarter. remained net and by charge-offs quarter amount all of recoveries. mainly for on net larger The lease second level of a $X.X credit a evaluation was for loans with our $X.X second third in to lower provision the of the for quarter, the Both XXXX. basis of second slowdown the in than the delinquencies XXXX as Annualized to ratio losses the by from XX total metrics fairly Turning from and in for decreased quarter
to second unchanged of XX XXXX loans million. nine as $XXX.X increased non-performing were and was the a to of months net first quarter. to the second X.XX% were of points. percentage the improved loans year Delinquencies X.XX% the in mainly of total loans from a at delinquency of For loans XX- slightly ago. of XX-day Ending the XXXX, percentage increased at charge-offs a Non-performing quarter basis compared seen This XXXX increase X.XX% X.X% September and category. as from XX, as end
X, of volumes, a in primarily and decrease quarter $X.X valuation driven origination in $XXX,XXX banking in sales loans. lower of noninterest mortgage loan rate on gains the commercial $X.X MSR gains fees, income in second million reversal This security income allowance excluding the due a million by Slide decrease X%. to SBA on or decline swap from to decreased interest resulting decline Moving $X.X net a million was
noninterest For management X.X% mortgage excluding trust and investment the nine months sale banking security loan SBA and gains. income mainly by driven XXXX, services and higher increased gains income income, of was
of risk timing million also certain and the for efforts. offset Moving realized A sales. and ORE to - seasonal decreased and reflecting These higher we decreased X.X%. a decrease to to in or gains decrease Salary Slide a processing X, property technology were services services and earned noninterest expenses, incentive benefits platforms. transaction employee higher in of repossession $X.X provided increase decrease mainly slight partially $X.X initiatives by payroll expenses of to outside due million, and related taxes. XXXX $X.X compensation the in and estimates management million revised decreases on and due volumes showed net processing software mainly $XXX,XXX new mainly in data in compliance expenses Other
becoming In bank to the balance lead experienced. addition, growth we insurance FDIC assessments strong and premium large expense sheet increased a bank reflecting have our $XXX,XXX subject
first other and by a salaries X%, state noninterest expenses mainly the months amortization. For nine taxes, tax investment credit expense, driven XXXX, of increased services, outside higher
past as before vesting million in Income an amortization, awards effective Slide higher reflects associated excess rate and compared recognized XX.X% taxed credit capital of as tax tax rate. X.X%. to investment our with quarter in XX% profitability tax generally displays as increase the XX% increase resulting or noninterest the year-over-year to in quarters. the rate income at over $X.X an income the stock second tax levels the well been would expenses expense second a the in federal of The tax XX% benefits increased Excluding XX XXXX. taxes, quarter marginal five have
of the presented. equity on income have We conclusion, year, our net Slide except continue summary outlook the to unchanged interest XX on remains And periods we noninterest see tangible increases for and returns assets on for over in included in margin. average both and returns which a
results We income year. noninterest for nine our reflecting of months have outlook the growth high-single-digit lowered mid- the from to to first our mid-single-digit growth,
margin over And of change X to to the in a the growth, outlook expected We now, with basis promotional loan point our provided mix X last part continued fourth quarter the earning outlook the This turn XXXX the call we of have we'll to a basis to to municipal point compared pricing as questions. year assets impacts. X margin lowered decreases the X seasonal are deposit deposits and increase how increase, operator to for reflects latter continued quarter. of in for
