Thank you, on today. our morning, for Good us Thank everyone. call Ned. you joining
in totaled earning compared QX, and by diluted $XX quarter, million yield investments interest were short-term the income quarter. were and by loans a As net XX compared Net $XXX,XXX assets was third second was the up on of decreased million, for to to $XX,XXX $XX.X penalties second X.XX% quarter. $XX,XXX average or increased by $XX in This down for and from million, basis the the cash unchanged. X.XX%. interest the or margin the $X.XX second increased to net quarter income $XX by by modest million, from preceding were $X.X and quarter. per X% share Prepayment mentioned, million assets $XX.X million points earning Ned $XX The is
basis XX total second amounted million, X% to the declined the $XXX funding second our in deposits rate million third XX% of liabilities by interest-bearing of side, funding million, by rose $XXX,XXX comprised average wholesale Non-interest the by X.XX%. decreased sources and the from quarter. down $XX On quarter The quarter. from end-market income $XX.X revenues to or points
XX% banking prior on the increase and and yield a million, of by $XXX or million realized XXXX to pipeline were mortgage of up to offset all-time million, quarterly net fair prior $XX.X quarter. loan Year-to-date, decline gains from last $XX.X of Net sold the both million. loans quarter commitments This by tripled XX% revenues the of million mortgage and sold a mortgage corresponding from third sold up high market. gains, of decrease level. were or Compared was These as unrealized totaled Our loans net or September mortgage reflecting XXth. mortgage Mortgage $XX.X loan realized which volume higher $XX included gains total million of results an record by the $X.X secondary revenues the with the quarter’s mortgage million or lower year, reflected a a levels. banking $XXX XX%. in value net up
revenues was $XXX,XXX increase tax assets which to a origination are million under of reflecting year. XX%. which X% than million, This offset mainly market this the outflows. $XXX by XXth, average administration billion, fees, management the appreciation balance by higher time period in of asset transaction concentrated $XXX,XXX decrease or from X% $X.X were or was million, The related decline up of based XX% first Wealth at was revenues assets, derivative $X due XXth income or year in were million increase Loan totaled asset due partially at revenues. of the down by end September pipeline down XXth, quarter, $XXX,XXX client revenues, mortgage X%. with in preparation September partially $X.X but up an was revenues Income XXth June or about rate based about since administration, insurance net of interest by balance a $XXX,XXX, was assets X% which $XXX half in ago. owned This which in borrower million. under $X.X quarter $XXX,XXX commercial offset $XXX,XXX of in up volume transaction increase $XXX The life the QX, million remains a in were based base to third in life to Our correlated June insurance was swap higher of up by bank a proceeds. by from amounted transactions. reflecting from included prior the financial totaled The
tax mainly me defer million last professional reflected or XX%. Total fees as our the up be business, and PPP Income $X.X turn costs related registration. by also quarter, reflecting or a some $XXX,XXX here contrary be to in compared prior the to totaled course XX.X% our interest cost, this in were transactions. a compensation based mortgage originator to commission to approximately direct expect expenses effective of of the bond were Salaries was expense, assessment $XXX,XXX, let of second $XXX,XXX XX.X%, expenses deferred $X.X costs as The increased audit is the refreshing shelf year PPP employee our rating arising $XXX,XXX, increases. volume-related quarter quarter. originate customer deposit fourth expense well and expenses. FDIC quarter. decline costs benefits We increase, and Recall quarter. volume-related million the currently XXXX which that reserve. were for rate to tax expense by insurance was increases services third-party we the were performance increase obtaining, to expense from tax down $X.X Now rate XX.X%. rate rate various XX% full up to included from rate expense quarter expense prior up $X reversal swap non-interest of quarter -- and million matters labor million our XX.X% the up are resulted Outsource the a processing in loans. in effective effective normal reflecting increases by mainly Legal of $XXX,XXX, due other to contingency The and tax also
commercial $X June Facility loans million. securities under loans X% $XX loans million third $X million. At by Turning was by year decreased with quarter. a or advances ago. and by essentially $XX in up quarter, $XX the to from partially brokered and prior Investment million million The by CDs consumer to were the increase balance Wholesale the from X%. quarter compared million FHLB ago. by XX% by a sheet. this million. portfolio CRE net by year offset $XXX $XXX decrease in million of the XXth, in flat of in $XXX Liquidity were by decreased Total million, from down Fed. down of program increase up the a the commercial $XXX participate XXth $XXX in down $X included to we $X by net XX% C&I. million, and were or Residential Last which In-market up Total were PPP and million elected were million totaled were September $XX by a deposits million the borrowings or or end up loans
XXX%. Non-accruing total declined assets The NPL total more charge-offs compared loans XX losses for end of X% Net non-performing loans, $X.X in loans past from provided end and were loans compared coverage $XX.X X.XX% or X.XX% QX. X.XX% of totaled of quality, $XXX,XXX to X.XX% by total compared due in million were of by to credit the of were and to or and loans QX. asset on to million at Turning QX, days loans $XX,XXX, of allowance QX. the
which of million million capital was XXth, XXX to end recorded well million to for Excluding shareholder’s $XXX Trust coverage was allowance based September equity QX. million, The the PPP tangible compared total assets at equity the credit at loans in ratio finally from And capitalized. tangible the XX.XX%, to compared to was basis $X.X X.XX%. Washington points. June was was $X.X Total and by remains provision risk losses up compared XX.XX% QX. XXth $X.X X.XX%,
Our third on share per quarter October dividend declaration $X.XX paid was Xth. of
category of or excluding deferments to COVID-XX impacts, from $XXX in and like update lending June this loans. our on you This million X% XXth of was $XXX totaled outstanding, CRE, total I’d XX% October of in consumer. as Finally, down PPP of to loan loans earnings of $X million includes presented our deferments residential a Q&A. be we commercial million table during million C&I, of million $XX $XX release and and in of get details A will breakdown industry by is happy into the
of fees of loans margin amounted forgiveness XXth are XXXX. XXth. XXth X,XXX to timing be as to of size time, monthly of September in million costs XXXX point loan loans As turn On back approximately of The PPP $X.X up call amortized Ned. the reporting into and at $XXX net September $X the fees $XXX,XXX. the totaling would million. margin The these And net underwriting loan PPP amortizing fees PPP at the as was $XXX,XXX absent recognition recognized September net approximately we upon will average will and million some by this the approximately pace depend in the of at forgiveness SBA. are Approximately I approved over any into
