results. comments Thank you, quarter Mike. morning, will Good X, Slide everybody. begin covering on My first
see are can another Deposit of once X more of lines balance was to loans as $X.XX of as normalize We Reported on quarter quarter well, with see on management and the EPS XX growth growth $XX roll end on a the can XXXX. get off are for liquidity was X, level, same deposit we X. you growth line million, a strong past portfolio. remaining had through forgiveness the from which growth first share our investment line in funding returned loan pleased cash the quarter you period our per report to balance where sheet which growth normalized PPP the flow which earnings we should of
$X.XX, growth over in fourth As fee of which year-over-year. income is the XXXX, from per and prior quarter in we was just EPS quarter growth was $X.XX EPS which PPP XX% loans, excluding quarter of without earnings earnings the XXXX core income QX of was had Mark mentioned, $X.XX share quarter. PPP prior $X.XX so this of
value and me Slide book our in to slide, which X securities income gain You of during to portfolio which of net demonstrates declines Line of despite our XX our totaled prior changes income highlights. see many we a share experienced shows strong $XXX,XXX next which from leverage. on the per in also can or Line on $XX.X quarter loss the $X.X takes increase fee an which tangible my due unrealized equity $X.XX Like investment ratio you XX see million PPP decline quarter in that on will common of peers, Line X.X% operating the X available-for-sale tangible million, on
securities the portfolio shift to On can we loss $XXX.X right, an on bottom the million. unrealized you mark-to-market the available-for-sale see of did of
held adjustment. gained. our For quarter, bit a We bonds tend our bit selling had there's from which -- capital quite maturity a of mostly of million. provided a think to portfolio to gain an to maturity, select half we provide comparison, to to only securities advantage as mark-to-market $XX.X protection this of and be quite designate we investment last hold We
statement income the points shows to losses our purchase Slide to in In the and basis XX expect currently realize quarter top trend don't what stated portfolio. on on in we the will portfolio quarter unrealized last graph declined The corner, during yield the yield the near increased new portfolio contains is yield in the right quarter yield. our The first So X are X.X%. approximately of the future. XX left loan highlights see basis from X.XX%. securities you the bottom points loan
of basis basis prior only decline renewed quarter X X.XX% an points. last new impact loans, quarter, to X.XX%, X.XX% portfolio. X compared the consumer this a of the of PPP on Excluding driven to yield loan quarter which from and points was by Yield loans increased was increase
our will are you billion variable right, portfolio rate. bottom the On $X.X XX% or loans of see of
loans the portfolio, grow expect we all net our which in of the curve. and May. basis sensitivity our for will total loans. As of out of credit end, in loan Slide allowance about on details next will floors increase balance asset forward those income we billion XX losses the with interest loan those meaningful the increase create given The point related to XX quarter sheet nearly shows of in active on of XX% $X so loan had floors
our On is allowance of the a of the bottom slide forward roll balance.
is was coverage the on the which quarter. we allowance The the basis, million allowance in $XXX,XXX had a top trend charge-offs increased $X.X ratio million. on recoveries this any losses and did provision the the net credit During graph and shown on left. book modestly expense quarter, Therefore, not balance we ending for loans of $XXX of
QX Our at coverage quarter. end down of from the prior X.XX%, from is ratio X.XX%
loans, is PPP Excluding X.XX%, the quarter. X.XX% down coverage last ratio from
portfolio So grows. our our coverage ratio continues as trending down
XX. will move Slide Now, I to
to deposits during and million the decline increased compared was interest total prior $X.X Although million down expense quarter. continued quarter, total to deposits $XXX on
$X.X large from fully deposits tax the Line shown interest Slide to on noncore to is the January. Line for prior margin the on impact core repricing left, core of interest brings see the declined accretion shown for Line total quarter PPP value increase such and fair interest value loans million. and the margin the Adjusted totaled of $XXX $XXX.X the a trending Line in net of State during XX shows by basis interest million, net a our quarter. totaled quarter's the the X.XX% million. on X. basis core back net shown us of of income our interest and offset XX, points, you of on loans net X.XX% NIM basis to X interest is quarter. Line accretion, count income of X on line you net was core of deposit was fair items shows We basis will XX a actually X reduction NIM X.XX%. day of from On as basis an When points on of Compared last shown of increase had out bottom growth X $XXX.X which impact company's interest points from XX equivalent X lower basis cost income but a to points due X, X mainly it our which PPP of points in net million margin. income
driven forward, quarter quarter meaningful quarter last QX, last bottom million consistent income $XX a was for see customer-related great quarter. of million noninterest rate increases. quarter, increases each total and we XX, Fed $XX.X we'll by going hit margin this Slide So with and which fees the On our increase with saw totaled we the
two that quarter an lower was compared of meaningful to last revenue payment increase card origination to banking due sources, income. Offsetting mix variances to note Although were volume. in revenue there declined the in mortgage
quarter, During of the due the quarter Card the we up than card to always swipes year million. tend annual incentives calendar a are the volume the in $X recorded fourth quarter. lower seasonality in but to first of pick second quarter bit
million than which the less for totaled XX. QX quarter $XXX,XXX expenses. Moving expenses Total to $XX.X Slide was
capital to earlier bit this equity quarter, and trend Tangible strength top our benefits at equity quarter. Level our also a and internal target levels higher Although mentioned expect increases shows primarily of from this page do XX the the will is quarter to of expenses ratios. that than salaries we common One below well of I loss my due quarterly expense comments. transaction costs the in the declined comprehensive ratio this accumulated which a result acquisition we unrealized incur managed a to our in X.XX% mark-to-market as second were quarter, and bit flowing through the income in other Slide
losses in $XXX continue turn to feel our loss above ratios results the sheet concludes asset balance quality. credit unrealized with financial of investments of we remain to adds bottom the level soundness, to reflect excludes which on strong had Credit we capital for the comfortable million impact it pleased. and and the over the now our will TCE. our That at remarks page for current of and my which I are Martin, allowance safety on we fundamentals Given the very to Chief very our and gain strong discuss John quarter levels targets. Officer, Overall, Regulatory
