you, everyone. Thank good Simon, and afternoon,
numbers the year acquisition. and on full fourth since Northway reflect X, clarity, January For quarter do the acquisition not all the closed
However, I on Camden's full provide quarter through results. results and will fourth color Northway's going after some year
last start, quarterly we actions both year Net interest team in XXXX momentum our pleased a the of earnings financial an with performance of Throughout finish $XX.X fed totaled X% very the directly level fourth for the basis, between income into translated quarter and net the within in XXXX, across the non-GAAP half our interest a are cut an reflects to The and totaled rates. grew over second margin and, income X% million $XX.X basis, XXXX quarter. our the increase improved in on net XXXX. the interest quarter reflects and our core grew earnings of quarters. on as over To of third of XX% profitability which increase and in million relief
also well. and our operating than X% continued the We third merger-related quarter to lower Noninterest manage totaled XXXX. the $XX.X of for expenses million costs excluding fourth were costs, quarter,
the interest to the increase hold to XXXX, margin to an For The expense improvement our net year merger-related while ended improved the fourth in X% of on noninterest for franchise. we XX.X% were annual efficiency to assets third before into translated and core our and to the an invest to XX.X% continuing average in the of previous manage ratio X.XX% non-GAAP the able costs of ability increase quarter costs compared quarter X.XX% compared return quarter. operating a in to
of in to very on We've expanding pleased fourth approximately various basis the this in done interest cut doing focused decreased lower benefit and quick up action XX so, been we're took costs, X.XX%, points a points several XXXX. for consistently fourth and our the basis from strategies, X over to We points items. past to our interest certain the pick deposit net of which margin see each through deposit basis on net margin We've basis quarter after fed quarters. X.XX% XX linked-quarter to included nonrecurring cost our quarter
Our for XXXX. quarter a linked-quarter X.XX% points the to XX basis basis on funds total cost fourth of of decreased
quarter X% totaling in over quarter of and XXXX $XXX,XXX back-to-back this on the VISA swap loan third $XXX,XXX. debit basis of an The Noninterest fees fourth year. income annual fourth $XX.X of million totaled bonus a of result for the primarily higher increase quarter the the of was the recognition of card linked-quarter increase
December a year on and last billion, $X.X off A totaled ago. this XXXX, in XX, was Loans which larger and quarter balances reported fairly commercial growth quarter, commercial the with loans few flat paid fourth quarter. muting estate real
approximately solid nearly at at commercial with million million $XX loan Our committed. $XX XX December remained pipeline
slightly On loan mortgage the pipeline as we the side, residential has months. our winter slowed enter
at mortgage pipeline nearly million, $XX $XX $XX around residential continues to to of had we which committed hover million XX. December million Our
finished loans We $X.X across quality nonaccrual of XX be $X.X continues loans basis asset credit XXXX metrics, excellent of or portfolio totaling or strong. our including: quality points totaling loans; total loan with very past total basis due loans. X million to points million Our
the allowance-to-loan Given our provides loan X.Xx appropriate a with us sufficient December loan be basis portfolio, of seen we strength This in allowance and reserves. and ratio believe loss-to-nonperforming by XX. of mix points at is XX for loans can ratio
$X.X to XX, December the grew XXXX. quarter in fourth at billion Deposits X%
for for demand with for saving the our the strong quarter quarter product year. and see growing to calendar continue the balances XX% savings fourth We fourth X% high-yield in
and begin the our million fourth deposited large with in in with level in seasonal of flows noted temporarily one fourth we outflows quarter. activities quarter, of funds first and our As us $XX the we see fourth during anticipate very these we release, of quarter quarter Overall, XXXX. the in we're our back the half of leave to the earnings deposit customer a approximately normal generally pleased as relationships
total continue each capital requirements. respectively, basis risk-based XX. December points ratio fourth XX.XX% and XX.XX%, ratios to regulatory ratio and the quarter, to our capital regulatory In CETX at XX capital exceed grew Our
interest which between from common down ratio X.XX%, the was shift year-end third was Our slightly tangible to in equity due rates quarters. quarter at the
shift and now on Financial Northway acquisition provide my comments brief I'll a update. the
as XXXX. the shares whereby stock on National on of million of we in National In shares approximately the As closed $XX.X stock, approximately X.X and we a Based outstanding acquisition for issued of share closing basis, Northway X.XX has each shares total the stock. pay X, consideration of common stock previously X, common all-stock million Camden stock Camden of XX.X National Financial X. Northway we January of total, million was Camden common on the Financial transaction, post-merger an reported, company on January issued January
announcement. finished in at financial XXXX with our much line Financial Northway projections very
$XXX As to of were be the of quality would December strong merger. perspective, credit were XX, million $XXX asset billion, continue also Northway's a $X.X total total I deposits post from million. note the were that and XXXX, assets through total loans
of long-term took balance to as the sheet, Upon on reposition acquisition, the of pro million securities of a well actions combined million as we borrowings $XX forma roughly basis. certain bond portfolio our combined $XX of including investment paydown sale to the optimize
way over As evaluate we combined opportunities to process weeks, our organization. few continue through next the we'll as integration work balance a the sheet
and This comments, for concludes questions. we'll open our the now call