in as issued million and Net or then amounted per in everyone Thank you, today. the results Monday. quarter you position described for $X.XX second to and the us $XX.X press operating morning our diluted first $XX.X joining financial call release our $X.XX I'll quarter. for thank XXXX income on to Ned. share Good our second review quarter and compared on million
return XX.XX% and XXX reported income $X.X $XX,XXX X income interest was the prepayment income was X.XX%. quarter We Net preceding on return quarter. compared on fee also million $XXX,XXX in second net assets of in X%. or for interest points to from equity quarter net the margin the basis interest up Included for The of quarter. the was first of
points up assets XXX. million rose quarter was amounts quarter. $XXX,XXX net basis a $XX a linked interest on interest earnings income was net this The basis points XX or on average these to the by The XXX earning increased yield way Excluding interest margin first to X basis. of and X% compared balance down assets quarter average in by by
fee in the income Excluding by yield both interest to assets on increased earnings XX basis prepayment quarters XXX. points
sources up XX income the under to basis On wholesale important administration wholesale The Meanwhile X% management down million was in were or points was the million balance up XX in billion quarter. QX. funding revenues representing X% from in-market the million the finding from be deposits Wealth points. income to average noninterest basis in-market while to second up our first revenues points quarter. X was basis rising by funding total Total X% by $XX $XXX,XXX X%. average quarter. of of the $X.X very preceding was up $XX the quarter. assets continues XX% side declined Noninterest million the cost management of in Wealth quarter were $XX $X.X of deposits million $XXX in down business or cost
from client the by investment caused first decline the approximately latter million of asset mentioned, in the of Ned loss first quarter. $XXX several the during As quarters, outflows second accounts resulting the of portion and
in pipeline second good banking in in We was higher in QX. mortgage derivative These X% compared preceding Loan volume. the due volume results second shape. transaction reflected quarter $X.X income loans compared to consider secondary the to the Our $XXX,XXX or market $XXX,XXX higher to $XXX,XXX the quarter. up from related mortgage revenues totaled to of be sold the quarter first to as million the quarter a
corporate preceding to expenses call trust and or system has were In as announced, to from approximately and in for were of the paid new Also that Tax first software by implementation taxes $XXX,XXX bonuses expensed part reduction the Trust's in were to the our that as the decreased as April. here turning are $XXX,XXX quarter. accounting X% recognized from management QX one-time in to was latest classified total quarter in several $XXX,XXX and of of completed which previous Washington compared Now noninterest relate were made other quarter. These primarily in wealth Act. response costs conversion like previously to $XXX,XXX to the out. There incentive items employee cash enhancements that I'd expense quarter the the compensation
quarter these income Excluding XX.X% XX.X% up Income to preceding totaled a $XXX,XXX rate $X.X tax in noninterest tax to million compared basis. quarter. X% effective $X.X compared expenses QX items, on the in expense The in or was in the were million second QX. quarter linked
increased from loans loans C&I which of million. includes the the first million portfolio construction from $XX C&I of Cree $XXX end up million Cree the portfolio to Both C&I the sheet, Turning construction into The the transfer balance loan changes [ph] by commercial million total of financing. $XX a quarter. permanent $X while were increased all these reflect by to
by was $XX million the up by several million second net bond was in-market into or Total $XX million promotion million million. million were value X% brokerage percentage up $XXX placed into $XX were In-market $XX in Cree higher by as adjustments. rose calls million. of securities $X our amortization, we the Within the rose were portfolio. which estimate loans $X Investment fair and million. bank. a about transfer, deposits brought CD $XX million wholesale Excluding Consumer deposits, CDs normal than $XX up loans loans over of a traditional reflecting and down we Residential is money decreased up new C&I the quarter. deposits XX% has by and quarter net in
client bearing, insured demand certain on We implemented program assets interest sheet. also our management deposit accounts to have into transition a wealth balance
by the increased $XX borrowings in FHLB Finally, million quarter.
finally for loans loans of non-accrual decreased loan total $XXX,XXX quarter points end charge of loan loans Total X.XX%. QX capitalized. equity was Tangible to in equity to subsidiary and XX in on totaled March of percentage were X.XX% compared offs June declaration due At to loss $XXX to Loans second Ned. X end share losses The X.XX% the The our X.XX% at up more back quality as $X.X bank the the X.XX% was $XXX,XXX a the of and prior QX, of the this X in basis was in in compared past be total quarter. outstanding, at quarter. allowance the assets $XX,XXX to corporation call of July March. million by per asset days In the tangible both turn I'll basis was to provision X.XX% down paid at $X.XX well compared the the shareholders' quarter of the compared quarter. XX. net dividend loans point terms end to preceding to to of compared zero million was continued ratio QX or point
