James. Thanks,
include securities $XX or in $X charges Turning income GAAP as applicable debt million of million common pretax Reported to as optimization charges, in net $X.XX $XXX reported X. We million million shares earnings merger-related well losses. to property results quarter's the in per on $X Slide pretax share.
our items, adjusted these share earnings Excluding per was $X.XX.
$X.X deposits the in and disciplined higher funded was growth by Slide asset loan X quarter provides balance balances Total quarter our higher sheet. and cash driven growth through billion end of stable borrowings.
Slide deposits to inflows anticipate public stable funds, were quarter-over-quarter is QX Moving despite X. QX. typically public and low point we fund our seasonal Total net outflows. for in
reflect on total which in deposit with points, market Our very into up is total and cost deposits rates from low trend to to average shifts quarter-over-quarter accounts of point cycle. money typical conditions for upward still continue XX pressure Market beta deposit CDs, a to deposit the away equates in points which basis a noninterest-bearing costs XX XX%. basis rate mix put this
advantage costs rate cycle. increased deposit a of beta throughout in difficult X.XX%, costs of our an of to beta the deposit have maintain funding to managing XX although the XX%. interest-bearing remainder confident we resulting we basis strong can are record deposit the Interest-bearing terminal is points track and estimate,
actively through are deposit rates limited balances We rack through defending to pricing addition competitive in various offense exceptions deposit and specials. playing
of generate to with stable overall balances. maintain pleased deposits we to have new the execution date been sufficient this as are strategy We able to
X Slide of additional provides base. our details granularity and deposit
deposit balances than core average are Our meaningfully account peers. lower
have with largest with have years. bank The low. XX for relationships and years been XX% have exceptionally the of more is We us customers. deep customers X with than more deposit for which also long-standing been our than concentration X/X nearly and of our
represent deposits. clients deposit of X% than XX our less total top Our
only exclude deposits. collateralized represents our X% total XX you of If our top deposits,
Slide of funding details X provides and our liquidity.
and funds in deposits, including Bank, have approximately billion our Fed immediately discount liquidity with We the Home ample of equivalents, XXX% BTFP. window Loan coverage available Federal from cash uninsured $XX.X
high-quality have available capacity for also billion unencumbered $X.X We pledging. collateral from in
have significant sources unsecured well other product and suite XXX% capacity. through liquidity lines coverage, cash the we deposits insured as Beyond broker of as credit
portfolio to cash as invest total portfolio quarter-over-quarter increased of high-quality flows consists was investment an loan over Slide XX portfolio with The were with portfolio in growth yield our by loan investments stable and QX values. we $X.X rated total an basis loans loans XX Total were X%, quarter-over-quarter XX% and consistent The , and points at cash treasury shows our investments. agency of yields. and portfolio Consumer in XX% next flows Duration grew trend held approximately improved corporate offset in XX improvement consists expectations portfolio pipeline. additional stable fair highly of Nearly municipals. in remaining and billion the and months. highly expect securities other X.XX%.
The production. Slide billion our major across commercial product well-balanced of details lines markets. XX QX all was production and $X.X
market loan taking we importance continue reinforced structure We relationship to a our standards, a of advantage dislocation grow attractive new enhanced credit have tightened maintain our to of acquiring relationship underwriting, pricing That managers for while said, requests. with and to approach banking new have disciplined relationships. full the
Turning to pricing. briefly
New money to points yields loans the XX commercial X.XX% for with quarter, increased X.XX%. of on March yields basis production
will our loan Slide see to further you XX, portfolio. details of Moving
portfolio well-diversified a represents of have total loans of average loan commercial $X an million. We that XX% carries and balance approximately approximately loan
and Our well by asset class nonowner-occupied is geographies. CRE diversified
relates Less office, and of Paul. of cities million it of leases. which the specifically occupied office amount to a with loans $XX tenant portfolio Chicago credit than are diverse St. XX within up in totaling only As geographically bulk deals districts, business nonowner central than are the X% with Midwestern total meaningful Minneapolis of in medical located less suburban is or made X
point trends. and our points, from portfolios and trends credit are PCD conditions Slide impact XX exceptionally to modest well. and continue charge-offs basis consumer showing and basis Credit NPLs stable the at perform XX our are excluding positive a net commercial shows Delinquencies loans. stable, were X
and Our charge-offs carry special should from as through million to expect team book reserve the we be from work loan this provision this approximately portfolio assets $XX X% elevated or the continuing The in expense acquired impact be against is book. PCD near-term. workout effort minimal to the FNB
reserve charge-offs while uncertainty are credit is believe don't which including of offset see strong. On unfunded maintain growth our than forecast PCD Slide increases we metrics outlook. more loans our QX. stands of portfolio first our by stable, due for remain relatively allowance, with loan And quarter prudent consistent improvement XX, that The at the in given financial Reserves reserves economic and you million, to reflect economic of will reserves clients health small elevated require in mix with $XXX commitments, to details replenishment. it
Our SX negative reserves Moody's materially, with outlook economic should the provision GDP Unless reflect X.X%. performance of a continue portfolio scenario XXX% deteriorates limited expense weighted loan unemployment to of current growth. be X.X% XXXX and to and
loan $XXX reserves, addition also discount marks. million million In to acquired in the carried $XX we in
of XX end see X.XX%, were more hand margin in basis generally Next, with details margin disruption Both while margin. XX, points our interest XX to core in just quarter-over-quarter Net margin, the due excluding interest to market margin will accretion, basis metrics expectations. you shy on cash was of and points of low income net Slide line Core X.XX%. to contracted holding guidance on following March. decreased our our
to sheet for continue the position proactively in in neutral sudden We rate manage protection risk a a layering rate towards Fed while policy. balance reversal
income. equity offsetting in higher this was adjustments mortgage expectations income, a with market driven capital full in million charge adjusted and linked driven our impact revenues, place our fair in quarter Slide macro of noninterest December. in general by in trends markets which in $XX weakness wealth quarter, the shows on enhancements was put category was our quarter XX service and other for and The again, in with increase BOLI value line improvements securities
Next, The was noninterest consistent category assessment XX.X%. million, expenses. Slide $XXX and in adjusted quarter. FDIC marketing XX our well-controlled higher a increase Expenses due and noninterest ratio the expense to low adjusted were shows the expenses. other largely prior and expense the trend Adjusted was with was in efficiency
Slide reflect share ratios our stable at details in growth and position the repurchases were quarter. and quarter offset XX earnings, end. on Capital capital strong by loan provides
in basis XXX is Our reduction TCE for losses a available XX to sale losses due and unrealized and our TCE comprehensive basis ratio by Total points. ratio increased unrealized income. to impacting points largely X.XX% other
Our after-tax HDM unrealized approximately at losses million $XXX quarter end. at stood
for monitor comfortable our to capital balance with levels. continue sheet and economic feel stress very We our
in repurchase the we did near-term. do shares common we additional in anticipate stock shares not of While X.X earlier quarter, million repurchasing the
wrap I up my takeaways. here As key some comments, are
XXXX a of tangible line on We strong start average of with metrics and strong with return adjusted to We adjusted return return had XX%. on posted results in our equity common with the X.XX% assets expectations.
well of have while to we balances environment XX%. top perform quartile stability continues total as deposit exceptionally franchise delivering deposit maintained deposit a in in Our our this beta
unencumbered quarter. We deposit efficiency strong, a evidenced manner and including remains as approximately manage to ratio liquidity by our ratio collateral. Credit of for the of continue in uninsured coverage expenses XX.X% disciplined ample have XXX%, with eligible we
outlook support the pipeline should growth current on our We our Slide to mid-single-digit the XX includes in for range. continue believe loan of XXXX. thoughts remainder near-term
XXXX rate in the under costs. to the growth of While NII difficult to will pressure continue higher guidance range from of margin in dynamics and to X% margin that actions uncertainty have NII future given determine we Fed detailed betas. provide, be the expect to deposit of and uncertainty market ultimately terminal meaningful year-over-year XX%, is deposit will More
our manage That better is to in deposit expected be Contractual said, year approximately ability most. $XX remainder accretion for full we costs of to remain the confident than XXXX. million
despite to the last expect follow perform we've continue with over and in revenues well loan demand Markets We perform Capital X from largely momentum We with will strategic our consistent wealth QX should patterns. following see the levels. continue mortgage to should industry fee years. businesses revenue to hires made headwinds
implemented sale HSA in bank good quarter's the This reflect and December enhancements and a service baseline. should fully charge represent fees
and with XXX% is charge-offs changes year related the million, have outlook continue we we with Provision optimization believe expense are excluding be limited portfolio weighted book, towards approximately charges XXXX total expense guidance Moody's to non-PCD expense adequate SX PCD against already $XXX growth, our the expenses. as should we of property reserve loan full scenario. and and to prior Our consistent merger-related
Turning to taxes.
approximately expect on core full GAAP XX% and amortization a a $XX in with XX% We a and of credit FTE the year of basis. million tax basis corresponding on remainder effective XXXX for rate tax
have do I'd With Moran. for like we and including John questions. call those available, open the full Sandgren your Mark team the Jim Sander, comments, to And
