Jim. Thanks,
and Slide stability see to liquidity highlights X, positions. Turning you can capital our sheet, balance quarter our in first which
quarter us deposits loan fund allowed to deposit organically borrowings and holding while our . growth has consistent. first Our again brokered growth
the combination capital grown X%, with the of ratio XX.XX%, than year-over-year Over XX%. XXX faster tangible a growth of our basis expect have strong to points last most through X% accrete we payout than return We XX% we year, will we CETX and ratio. ended loan value pace a dividend profile at increasing targeted a and that continue better-than-peer while quarter faster deposits book the a
to capital liquidity XXXX. which into strong provide positions foundation, a Our levels continue and us well
X, Slide from annualized our yields. full and total remain trend our above X.X% Total loans at we focused growth show in last prices grew on portfolio relationships loan meet We the requirements. risk-adjusted On slightly structure expectations. that return quarter, and
expectation in X% high costs range in our out bottomed income production marginal New quarter. rates in that loan the interest X% net the range support and first low has the funding
portfolio values duration in of the unchanged. The by increased the effectively in partly fair and quarter changes was investment due reinvestment modestly offset flows, to very cash
As XX yields we've in are yields, flows the over $X.X above mentioned book approximately in expected we and past basis months. cash points back billion next running calls, XXX have new money
funds X. grew despite to and in which normal public annualized Moving noninterest-bearing. seasonal total Slide XQ outflows in X% deposits, trend business our from We show
we retail of quarter industry total peers. as and growth new production below on percentage deposits account on strong. our than balances upward remained did both remain deposits We in checking Dollar brokered in is Our pressure the base. focused of which over now and X.X%, well deposit deposit rates commercial experience better the grew a as remains course
did only for see there. the than March deposit in points the XXX and with a in spot a of rate XQ deceleration basis at was costs later quarter down XX we total marked our at basis cost X said, higher deposit points That March month basis a that average from few points,
deposit in Overall, we CapStar our above of pleased with by growth X very deposit continues addition peer to execution the the which strategy, peer the is at expected basis quarter. costs deposit reminder, below costs. total a of our to second As remain increase points drive approximately
expense Slide related our statement. We the shares and in distribution with million excess following $XX applicable special net associated $X.XX the an of to a assessment, share. noncash X legacy of the income quarter with include pension income pretax provides $X plant, assets per of charge items: Midwest FDIC Reported or the million charges. $X reported First merger-related the million million resolution $XXX additional earnings common end to GAAP
$X.XX. Excluding these items, was share per adjusted our earnings
We net our Moving on details interest margin. of Slide present X. to income and
repricing both margin and that guidance. our line in in interest net deposit led As declines modest income were expected, to with
deposit growth advantage. Our low than remains cost a put total have better points deposit a of banks. most key we cost lower up at XXX competitive basis Again,
XX trends Slide income, in adjusted which shows $XX noninterest quarter. the was for million
generally with bank seasonally fee fees. in primary line performed businesses lower with expectations Our
show we fees trend result other XX, for noninterest expenses, Slide to lower which our to sundry various the occupancy to along mild Continuing upper costs, and the of expenses. adjusted Midwest, winter the were with favorable due a tax in professional lower lower amortization better guidance credit
nonperforming delinquency our both approach credits. remain ratio of a to the been our present we migration into case, the of in loans XX, grading stable, historically proactive The and and has the quality the rise Slide portfolios. X categories from consumer has declined commercial prior which from reflecting we slowed slightly and trends, resolution. adverse credit quarters maintain as Migration stems and On
Total basis low non-PCD and net split XX and were a between charge-offs loans. were points PCD evenly
SX no unchanged were XXX changes material Our commitments model unfunded basis remains scenario our points. first There the the was quarter Moody's allowance, at including assumptions XXX%. and reserve on for to weighting
we in impact the the on strong On rates all muting with the our end of XX, retained Slide were position earnings move capital in review TCE at seen quarter. the ratios capital our regulatory build. of Improvements
quarter our the includes to in XX position risk guidance. updated increase the income continue NII the expected Slide inclusion CapStar interest of to details year. half back in modestly second then on and net of increase rate with the and is
listed result terminal we cuts accounting falls marks on the basis of deal to the XX% consistent additional drivers: slide, announcement. assumed lastly, plot; are Our the each by would XX assume primary acquisition a we few will used points a Fed but X anticipating assumptions are consistent we I first, with late-cycle deposit rate of are and in year-end; second, beta mix of XX% the a dot highlight with CapStar that that final noninterest-bearing at midyear by repricing those deposit
we the work believe We CapStar the helped early Also, a a the of neutral position rate behind to we sheet have with us. end cycle achieve neutrality. our rate well balance this risk closing modestly positioned as quarter approach
were that a our not X.X static rate the scenario, we did run models. effectively cut we the results forward different of managed The again, to each to cuts suggesting cut our addition rate from curve, have through neutral. scenario, curve and X In X materially including balance sheet a
the includes for transaction subject Slide outlook thoughts quarter. X which XX CapStar All purchase in and accounting full on been second for include items quarter updated initial on in modeling, has the these assumptions second with the to close guidance to year April adjustments in XXXX. finalized our the line our remaining changes is we
is guidance see, can you unchanged. As our
first summary, In strong XXXX strong our start a quarter expectations we better results with the performance had to metrics. than and
to our More execute to our ability demonstrate continue against importantly, priorities. we strategic
XXX our funding better up basis we year-over-year, our than loan growth. organically deposits are First, with growth loan points X%
remains profile tangible quartile top at return on common against adjusted peers XX% our equity. Second, nearly
basis Third, continuing Fourth, book value year-over-year. just net with X a rapidly we operating XX% ratio adjusted finally, up remain to we which points. charge-offs compound clean was of are efficiency we XX%. with tangible share, disciplined And book non-PCD have expenses per an credit of on
including open do those full have the we With to Mark like Sandgren. the And your Sander comments, for and team call questions. available, I'd Jim
