Thomas. you, Thank Great.
As by portfolio compared while the was the Slide yield $XX at equivalent purchases to the investment there was driver quarter the during of primary were noted about when XX, which last of tax fully million, X.XX%. declining quarter, balances unchanged on no securities period-end
next flows roll-off yield, you can slide, quarters find forward, you to the a anticipated well balance the new expect portfolio hope cash Going the you on which profitably elsewhere can similar flows of from see are FTE trends will as expected redeployed the as is the disclosure for cash as we foreseeable helpful. the bottom the the X continue At future for sheet.
to a result earning of pricing This the evident interest-bearing Turning the a than higher income point interest assets, asset FTE to X.XX%. disciplined was guidance in interest the repositioning drove the quarter with favorable net shift the range coupled this drove costs strategy Slide again better and XX. driving in end mix XX benefits for The were to which well-controlled anticipated, net basis funding quarter, loan increase of of quarter. the which during margin the
are the relative QX, a modest income expansion that growth. for note growth interest both lift fund further Looking QX you'll ahead, and net NIM see which well that bit even end-of-period will funding in costs above as loans to average, to well bodes more
out meaningful any Beyond moderates NIM further some, into QX, absent the on curve. QX or expansion the likely rate cuts changes
was gain both it relatively good drove increases of the fee in As for the $XX.X you revenue and income end on on quarter. the quarter upper can sale increase. guidance XX, linked company near quarter the a mortgage delivering on in million range Slide for see fees the Seasonal interchange front, the
the year. Looking range private income the million continue momentum. and and to the $XX.X would hiring run should per in of rate We quarter fee $XX management, positive expect treasury deliver targeted ahead year, for remainder to the of to million the to wealth mortgage remainder
Seasonal it good levels hiring at expense low the elevated evident XX, the of declines company, coming and well-controlled volume-driven outside for related was of expense additional fees generally and in Slide As and the operational guidance. expense occupancy loss. offset in on loan services by end prior expense quarter quarter, were in the a
total investments the slowing approach while our we average in disciplined and will ahead, X% noted remain run drive rate in Looking the asset even therefore, less expense half higher to earlier. modestly business quarterly annualized in would assets, growth than expect second remain with continue the of to of the we expenses year, the
compression as year. the strong capital anticipated from feel said, in expect we'd the here all as growth we we saw company's noted, about to ratios the XX, half drive regulatory QX. continued asset risk-weighted in runoff on the the helped to year previously ratios risk-based second late half quarter growth growth good some over Turning Slide the the continue modest loan in of increase securities, capital position. slower and of With capital relative from first to back for to That investment
Finally, turning XX. to the outlook on Slide
XXXX level Now activities view moving securities are we completed, of that a for from which our methodology, reinvestment the year. outlook provides QX the you have current the remainder in of with the towards been higher sale
can the stable. in sections short, the balance first loan asset relatively articulated slide. pace see growth the deposits is from assumptions In recent to sheet X the and remain You moderate key and on should expected
Excluding will would from as benefit we modest expect second earning mix from cuts, asset quarter. NIM the any growth loan in the average late further in expansion impact rate QX
in expansion of half run the $XX $XX.X again, the grow when second million anticipate the impact the positive cuts. with to half for million with with Fee QX Combined, through some previously, the of single-digit in year any would from momentum will income range the of quarterly net continue pace rate we NIM excluding first. the the should mentioned upper likely income interest moderate, range. compared rate to second As XXXX
than half While to increase of $XX.X in of expected average in annualized QX, reported quarterly year modestly assets. less they the expenses X% second million the are from will remain
Finally, the that, full XX% the rate be over to Thomas. effective the year in I'll back tax range.
With to for turn X.X% should call the
