Thank regarding all I'd and Thanks, us We'll questions start for good joining liquidity. off first, and Okay. get to you morning. But comments like today. Frank, to with your some shortly. deposits
regarding and deposits as basis. are to have deposit in base. very where, First we deposits a and grown whether off, have this deposits where our And contracting, here, and the client maintained an supply the regional And second, on are average environment we defining banks, in shape aggregate trends client than all other broker. community money economic good flows. deposit the bank client deposits have even on that's migrating true And largest analyze balance point-to-point been you first,
and Now than wound balance the first we of quarter, increase more have quarter. cash that during the sheet on broker second part down million $XXX latter liquidity was did the increase largely during that to by we but
deposits very X.Xx covering that in terms aggregate and sequentially and to but a that contributed a very, more strong now of than in are we So not deposits are decline which liquidity, by uninsured client up. overall uncollateralized our is metric. deposits, And
good margin. in did of the to the some low net expansion. So news another and of and is actually interest occurred XX May April, the experience point area June the next cover margin here We margin I'd but points sequential basis while like as there's saw compression,
parts moving Several here.
and were been which into second, proactive quarter. quarter. the to First, since month hold demand, increases constant for on April, had current of And relatively able of declined noninterest-bearing generally the we remained we rate off during early for aggressive increases much cycle, heading the rate April remainder the the of with
about beta, to you our XX, Looking measure depending be on at is deposit we to XX which rate trends, it. appear approaching terminal how
far our 'XX, the the to As in working some factors remainder favor are as against. and NIM there of
approximately million quarter our that expected side, projected $XXX and are about turnover rates loan we in per the below off funding that in rates positive project, the new X%. million turnover are going There's excludes resets. loans any $XXX replace books at to On and X.X%
spoken help will higher noninterest-bearing albeit appears of the DDA slightly. rate finally, increase I've a value is Fed And be greater this the yesterday's to Next, as to even margin, demand flattening in out likely the Working an estimated and $XXX CDs, in quarter the this is about point per the next margin basis of the regard, million we against in have year continuing of XXX rate cost. pricing over environment. before, increase the course
have could intensify just been We, aware we to will I pricing that once mentioned deposit accelerate of competition again. deposit that on costs are our firm course, recently. which able keenly hold
year. I the I'm anywhere would not we've conservative give add to hope although and be if likely some what compression, further when here going digits. higher all be expect So than the say you guidance single over experienced past it no near that compression, it is up we to any, would some
little margin expect point inverted in for see basis term, we point drop preliminary we longer And material We've that, XXX our and to a returns expansion would short-term a when that us maybe organization. all the along complete back the cycle banking margin. higher, the bring in net see the to would metrics margin, a over basis in position are every We'd rates, which that improvement some a rough yield expect XX XXX, course reflect with a traditional liability-sensitive run high-performing shape. interest of its modeling long-term curve cut. other And and
about, talking our will, On strategic some follow view. as was longer-term Frank expenses, in we respects,
We and for technological talent, will on we'll continue improvements. invest in capitalize opportunities to
we not Now the and of also changing continued efficiency, want in of depending reallocation say rationalization as to resources always on to always of we focus, vendors terms on consultants and this is do, landscape.
another have we planned year. example, For the late Jersey New in to branch close
some reported of have programs. cost-cutting And recognize we peers our
less percent a However, constant are optimization as expenses bank efficient we than with assets mode. as X.X%, of noninterest consistently a in a top-tier
So growth just to stated, forecast I going X% given expense annualized basis. of on I'm all an approximately
expect is and to we our front, in optimistic momentum about income prospects, reported of that remain noninterest expected We contribute well. $XXX,XXX the this to gains from and income quarters, noninterest the to increase On given the SBA. especially BoeFly growth quarter coming number growth as
well. down difficult is provision seasonal and just ago, mentioned delinquencies as annualized. this from X.XX project on for now, to at asset at basis quarter to total just $X ago. you sound X modeling. XXXX. moving end was know, a ACL Now the net my increasing quarter a is loans ratio it The points basis the The outlook of quarter slightly for But X.XX for X.XX of as flat, remains provisioning the X million, Frank but the right with quality nonperforming basically were and quarter charge-offs Credit similar points and year credit. to was from it's remainder
at completed it about shares share. and that were stock value, of little repurchases discount during to strong good today the plan still grow. we about what at price. A below current a It's per believe value modest for at the levels, similar and stock book continues And we with for $XX XXX,XXX at XX% to long-term continue current bit a very Stock quarter capital. program our the trading Capital remains were duration below significant tangible a pace XXXX. and is
was a Our EPS. payout increased based dividend, quarter's still last represents this XX% just quarter, on which even
have good for So we a cushion stock repurchases.
I'll to it And again. questions, to turn before Frank we over get
