and Mike fourth overview Mike. has Thanks, highlights for already provided of year the the an few a quarter. financial
and X.XX%, in compares to which down to our or margin quarter try income net try some the was just but guidance drill provide from down I'll favorably you. to detail Net last peers. So for million interest quite on additional some $X margin into at NIM came interest
quarter, actually the well at back performed Looking with and expectations. loan yields quite in line
first the at loans point of New loans money the basis deposit offset funds. in on basis The books increase loan due to basis the quarter point is points XX-basis XX news was increases that in XX-basis came down. lower in which the market to CD ran is increased second in slow XX-basis quarter, increase customer in by increase the points quarter. enough in continues increase the That off. the point and than of points the a the of of in XX-basis over but cost is the XX higher lower to fourth mostly point funds was funds than yields XXX than in good accounts.
The the The last that quarter and X.XX%, into the costs the pace last cost movement balances higher-yielding continued which increase of cost wasn't deposit quarter that increase
was the of increase And to expect was still with that slowdown deposits for in our and X.XX% cost of cost X.XX%, total quarter's source fourth total amongst even us. advantage continue. quarter of cost [indiscernible] the last a competitive position our and deposits, our We of peers funds in
points.
To through-the-cycle that in this a competitive part in interest has net sum a our come of this the point XX% only holding cost margin cycle strong that deposits well cumulative started X to Our beta up, total believe we through up position. margin and we of will because our cycle been only with is basis
portfolio the that We match however, Looking was by income deposit about were sale by ahead expect we income wider half off than about net was that last from cost $X.X year-over-year last range down of funds. mostly outcomes about compared is due were with due margin tax expect XXXX, by income SBA receipts due up by offset by rate These along $XXX,XXX the potential we gains much, behavior.
Fee caution, to improve quarter. of quarter, so, bank's and Even that gain in XXXX. roughly to mortgage usual from movements million the about to down increase that last unpredictability to expected that both quarter. trust on of a the interest of $XXX,XXX to continued to was the of repricing would loan upward to first income the
in due the year income first the million to for of fee $X.X in losing line XXXX, amendment. the interchange expect to in would quarter be offsets fee income SBA to approximately growth and XXXX we with and expect equal be fourth roughly as sources other the to impact quarter We the Durbin of income
we an acquisition. of decline offset interest net in a mentioned, million from a the Pennsylvania million driven had was in million variance $X.X the last expenses. for over improvement Centric quarter accrued I tax that was but share by of The the As NII was in $X.X for by neatly reversal income accrual taxes down positive $X
expect had from last prior some charge-off reserve the on prior from million, wanted Our also the $XXX,XXX for is which in from million those $X The estimates.
We the XXXX, a million earnings an balance net of million, of million to estate periods and $X.X million of acquired specific million Of sheet, additional commercial total but on rates. periods.
Of release. loans loans have with however, positive down total loan at was million million line real mostly been not and adjustment individual million of had $X.X reserves but charge-offs, charge-off in and consensus of about year-end $X.X to million higher reserves prior to which provide just did, in of of our in them. loans our million acquired at also from million included amount against the not $XX.X acquisition, group that $X.X on figure $X specific are that charge-off $XX.X acquired experience nonperforming was sum, discount shown that's charge-offs $XX we an held spend had $XX.X credit, $XX.X provided advertising is We total We to in loans a a in net quarter specific due $XXX,XXX loans acquired information by million timing. $XX which loan $XX.X the run quarter total and earnings the net to last a release In $XX credit color call. some I in periods. expense noninterest provided BOLI
In We the the reserves this million of charge-offs $X.X left elevated specific million be the entire $X were because might specific of thought fact, additional this bank. helpful detail that of represent lion's quarter. in share reserves
our XX basis However, to business long-term given of rate points hasn't a view charge-off XX mix, of "normalized" around our net changed.
was the Turning balance sheet. purchases the to yield which the up the on growth augmented quarter, in by securities portfolio. brought securities Loan
and fall.
Capital dividends million in $XX.X $XX.X million quarter, in improved quarter to We AOCI and the in retained the excess buying us, Home at may X%, combination stock growth into stock and of third capital time that sheet it Valley over the parked from quarter since You liquidity after and ratios. had by positive fed only in $XX.XX. the in and Federal million $XX.X before as at the Loan of in growth strong moderate recall the which whenever March, started grew and some fortunately capital crisis fourth below borrowed rest activity. $XXX,XXX buyback ] holding impact We securities Bank some the we quarter, in a yields that by earnings we've deployed the on liquidity million $XXX yield quarter for price been dipped Bank [ the Silicon little a we in our the in balance back just bought of The cash.
from while take grew ratio XX.X% X% CETX tangible per importantly, with Our that, X.X% share book quarter.
And questions quarter grew XX.X%. to $X.XX share tangible $X.XX common more to equity by our last have. you we'll X.X%, a per ratio value any this may from share to from perhaps improved
