of Thank quarter million $XX.X compared you, to XXXX million welcome first Suni. first X.X% net Good XXXX and income of to income morning, Southside earnings net reported Bancshares’ $XX everyone, increase. and quarter quarter call. We first
period per share per Our compared $X.XX or a the $X.XX diluted March same decrease X.X% quarter ended XX, XXXX earnings share share last were $X.XX first per for the to year. for of
total of to last quarter. of in increase $X.X was basis increased we loans loan our provision acquired by million At million and recorded experienced of We total exposure Bancshares on $XX.X a XX.X%, than with oil XX, compared Diboll payoffs. to million or in the million $XXX.X quarter. During the When due anticipated annual expense industry a XXXX, at the of acquisition $XXX.X result March in total to of loans linked quarter approximately gas a $X.X loans million only expense slight loans quarter higher fourth first first increase X.XX% of provision an XXXX recorded March State quarter the our XX, portfolio. at compared the minimal during loss remain growth
quarter estate in our first million XXXX. of today ended total earlier non-accrual at $XX.X March during of placed quarter result release a on December were or X.XX% that increased or at reported higher million Non-performing X.XX% was an the status. As real XXXX, March provision of XX, $XX.X XXXX, the loan or earnings XX, $XX.X $XX of assets two expense million increase and relationships assets X.XX% XX, million commercial compared total assets to
the and mix March XXXX securities loans compared on mix brief increased of of from sales moving year of closer a to securities XX, securities at X.X net of a duration the range the end, acquired sale portfolio. XX%-XX% at XX, to the securities decreased the XX, $XXX.X At to mix years a goal years the a in result a March in had quarter, portfolio and to our the loans at quarter portfolio as our we XX-XX increased debentures. a short yielding lower portfolio lower and of XXXX primarily of securities basis XXXX, XX, to our securities first duration $XX.X the debentures. a for December linked Primarily the and to X.X due long during primarily agency XX-XX XXXX The the Next, due On March quarter agency quarter last CMOs update XX-XX. the yielding mix in million. unrealized loss of size this the million decrease portfolio of
and the of a X recurring accretion the also services previously loan to with the prior points we recorded the of not periods brokerage of expanse of impaired positively other accretion. our in in We income. X.XX% the with which the spread $X.X debit primarily deposit a points of X.XX%, of quarter, comparable. payoff Due the included portfolio, result revenue debit our and to and we margin impacted on yield X to During net services January netted $XXX,XXX in guidance, In $XXX,XXX with net assets. and to purchase previously due card approximately the than are expect accounting full earning increased netted our $XXX,XXX quarter interest to under brokerage were adoption interest increase basis this accretion X, related basis. expense million on loan quarter connection service of increased from adopted basis average not purchased early this both adjusted expense on income, have Diboll included loans ATM expense of The a spread three higher recognition. net standard we resulting margin we a first and modified in interest method, guidance linked the quarter retrospective been non-interest basis card
fees. quarter. change additional in consisting other additional expense acquisition and items expenses quarter, to $XXX,XXX or of due basis, severance months our fourth late expenses our operational acquisition XX, recorded expense the payments, last ended full in X.X% control, XXXX, the During connection primarily acquisition payment of of on the XXXX quarter three our expanse quarter increased March $XXX,XXX $XXX,XXX several a with a include accruals, million the and of in in included with quarter non-interest associated and of $X.X These linked professional first remaining
the of in within a on losses one-time Diboll Tax of the certain $XXX,XXX the Cuts $XXX,XXX sale bonuses from We Jobs close in totaling grocery received also the to the cost proximity the securities the store response quarter. branch $XXX,XXX. close acquired and benefits paid to $X,XXX branch employees very to and of related acquisition, Act of in of first
our quarter quarter related additional last to the ended and up for ratio linked recorded the recorded with compared efficiency full X.XX% XXXX, the intangible months acquisition due the XX, quarter fourth from the for to XX.XX% December quarter for increased month in a from March assets one of intangible the first ended the three a quarter quarter to XX.XX% additional ended only the for in assets. March XXXX expense increased XXXX XX, basis, On XX.XX% XXXX. of quarter decreased amortization connection amortization Our XX, to and
discrete decreased to we associated of see We $XX,XXX credit XX.X%. the expect quarters I At quarter of by with future additional The rate we for to you first tax point, a over in the was Diboll. an in complete now points. We rate integration the effective rate call basis XXXX that approximately tax much. the And for expect of efficiencies XX awards Lee. Thank turn as very recorded will equity XXXX XX%. this tax effective
