both Good actually Frank. morning, which in is uninsured to start from total with excess uncollateralized our around with sides of equation. and efforts this our some ConnectOne accessible liquidity readily and out liquidity enhance of XXX% position, now and resulted position deposits you, I'd Thank that color like everyone. that fortify of provides on
reaching proactively uninsured billion deposit both the combined, reciprocal And to of just the to our the XX% our deposits. and we restructure we're accounts were now to and IntraFi reduce with by deposits network. deposits together facilitate clients, is by $X able approximately transfer to On uninsured total able also of uncollateralized out side,
existing thus in Loan liquidity. in our Home billion pledged available we On already Federal the liquidity $X at additional Those additional an resulted side, loans, actions capacity Bank. adding to
Just to base our in breakdown by in borrowing loans and secured additional billion Bank. of $X the Home and unsecured approximately securities, you unpledged credit. the an secured have securities of cash, and in BTF sheet Then, we Fed billion on-balance current have a line another various Loan give now window, $X overall rough including have at value then billion liquidity. market Federal $X lines We we discount an new
by but Federal ever Loan where of billion another $X today drawn about which today, billion is So, $X billion could we have $X a solely increase current Home space more still have needed. adequate, we strong the from down we the to billion. is if than the Utilization base Bank position $X
but leaving have of other successfully lines The untapped us $X with available roughly are billion. been liquidity tested
no and significant lag mid-March, but of on million to particular that cost net over X%. outflows, this increase of that end a to maturities success million these we six course point $XXX quarter. added total occurred other over Now, were fairly leave little million were run of of $XXX balances weighted million a for The of first earlier deposit of was deposit our during and a the of average quickly. approximately and wanted the the did approximately of $XXX escrow We some bank you mentioned those deposits just inflows, client inflows months, that. $XXX Frank across there give will so see than net off core year duration brokered about decrease the color year weighted point average deposit with about over The from XX.XX
the the I'm are compress what Let's believe margin. know to And they margins continue are. factors I across you now there confident will turn that several to industry.
banks of a supply, which among today. reduction First, can the money intensify even competition than further we have further
corpass-up to noninterest-bearing transfer provides is Next, continued short-term incentive deposit we've interest-bearing hard the balance rates, got for which high a accounts.
yield this important net then continued And and negatively margins interest increasingly a inverted than realize. is would finally, more environment impact an curve most factor,
intense Now, than due to our interest it net more margin, in of terms competition. did previously we the compress expected
deposit to in growth added be for pressure year, of we commercial liquidity working on well decision retain and core our both terms our deposit commercial Our in base versus is yesterday, core by is Frank last as averages high that that not addition, pretty XX%, mentioned our fact cycle in now X:X industry the was earlier, towards in client caused accounts. clients with grow made net is but strategy deposit put date rates interest of base. part has strategic That more sophisticated end a and And weighted aggressive the the to but just existing to order margin.
industry experienced In the addition, an most, decline than in accelerated non-interest-bearing like most we of have not but worse balances.
to Looking forward, are beta terminal closer we we most. a believe than
increase primarily today. costs current further raise where no degree, rollovers, deposit we CD likely have due to we Although rates some will stand from plans to to
So subside in the say margin slow. short-term more when on XXX to compression on that XXX return range. what position. is likely forecast shape And consistent takes yield to this the is profitability liability-sensitive is this to traditional current curve models our And historical a if be will NIM any, our point, about say, our and with rates and levels,
pullback extraordinarily challenging interest interest margin. a near-term in created this environment net notwithstanding that's Now our rate
efficiency even and for return forecast or tangible improving ratios for And ratio an on Our dividends of maintaining share. X% assets book ratio quarter performance repurchases, the still and XX%. below approximately value and surpassed capital per share increasing and my calls with X.X% PPNR metrics
X%, in below improvement quarter, than in was For growth deposit the while more less loan the an X% resulting ratio XXX. grew to sequential deposits loan our than to by
there million noninterest Let non-recurring me There from to delayed. in of fourth run in Those I'm should in to quarter. to had expect in will sales some income. were levels. quarter, close second the we quarter, been the By was in SBA SBAs. a it sales XXX,XXX close about scheduled and income turn rate, recent on are couple the with down for a items the gains noninterest second get I close hopeful $X quarter, we
inflationary factor. as Going staff. anticipated, to environment as technology this in increase an to also expenses in were from resulting I costs sequentially, as a increased related largely normal Increased well expenses, salary increases
I'm For economy, the the guide to slowdown year expense to going the growth. you of flat the rest given in anticipated
Let to and me on move the credit. ACL
the We provision did material in and changes small no loan and Little quarter that relatively already reserves. material a little specific in to medallion resulted been a had for. modeling value. was provision that carrying CECL more of of half Our was economic charge-offs the that quarter have a million loans. in in to changes had Moody's excess them our of in that they related reserved factors the to sold a We forecast, growth, impact on but than slight no no about qualitative for taxi of expense handful it the resolution reflects flat bit increase $X
other also for had one-off commercial been loan and by The has no an impact this quarter. was real that was on previously that bank therefore acquired a estate provisioning reserved for originated
terms was loan nonperforming expected to that's part due, the but a value relates XX it of worked had is that be XX% in an loans, too one In acquisition, multifamily we uptick out slight assets, to past and of current property. is non-accrual It loan to successfully. days
only unrealized to moment a portfolio tangible our and book in take remind were tangible losses I'd largely common securities everyone limited value share sale by for also that unaffected higher we equity rates. have to per and like available our now
unless As we a are compelling, is would would dilute value. restructuring that it such, undertake unlikely, overwhelmingly economics the tangible book transaction that
way, year-end this and By is share the per has book up was end tangible quarter, consecutive $XX.XX at it value increased. from quarter XXth the
thoughts. back the so these the close to reasons. be ahead to ConnectOne I call want I Bancorp year turning over in following will Frank. rewarded And significantly believe Bank before the for shareholders current with
coverage liquidity than X.X our extraordinary First, is with more position times ratio.
very risks exposures Our portfolio York have rollover is segments multifamily are any New and in We renewal to small. stressed limited. we our credit risk office for City
depressed, our is adequate and now get support rate historical the to will sound, view, remains AOCI and plans. back performance to our the unaffected more levels is to best-in-class. return but metrics margin Our in Capital current than will issue earnings our by
And repurchasing at shareholder back now, to return in it the tangible XX% just XX% price finally, return turn I'll imply we levels, on our and, a A than book back Frank. And stock book are value. market we value would trading of greater to these be tangible over will at stock.
