and Thank XXXX you, performance. X everyone. good second our summary X quarter Slides morning a Archie provide of and
Archie we fee our income interest performance with or and growth, margin, as efficiency expectations. net loan were surpassed pleased our mentioned As all met
to book on peer pace and in MainSource value our with group we Our back from the are merger tangible ahead $XX.XX profitability of metrics of to dilution strong the well our remained modeling. relation the earn
reconciles to quarter to X Slide our that adjusted our earnings are items highlighting believe understanding second GAAP important we performance.
adjusted and For million $XX.X merger which severance income net share was excludes the related per or costs. $X.XX quarter,
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securities lower point increase X on and the As quarters. was cost offset of point basis our shown and deposits. day in second by were lower X, X count gross increase on XX reinvestment Slide between yields prepayments, a rates, in differential the accelerated first The investment the driven basis declined basis and loan yields a by yield points
loan mortgage C&I in $XXX End Slide X loan balance growth period declines loan small and ICRE the and our shifts quarter. and depicts outpaced current increased mix as million slight compared to business banking. balances linked of
regarding to growth potential, moderate we that a quarter from results. optimistic pace remain bit second we future expect While
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and to stabilize cost overall are to expected we given have costs direction expect While the interest deposit rates. still increasing begun of moderate they
expense Slide it higher trends was recorded although additional quarters. during cover quarter. five nonperforming loan a million as while Absent charge-offs were loan and asset franchise for the bit the provision the than the net charge-offs assets related for and quality sufficient declined we discussed period a of loan depicts assets XX single to expected the first total net basis $X account to as a of Classified in was reserves franchise points. relatively Provision our declined last to expense flat, growth during period. X percentage
book stated ratios quarter and during as on per Finally, XX remained excess targets. are increased and second X% value $XX.XX. share Slides Tangible capital XX, to in the strong of shown our
not continue the planned While we and quarter, actively evaluate the were delivering of while the acquisition, such the that we appropriate primarily repurchasing opportunities deployment support due as announcement strategies levels M&A company's capital shareholder Bannockburn to returns. additional activity growth shares dividend to during and pending
back now turn and to outlook I'll closing third Archie? for Archie some it over thoughts comments. our on quarter
