quarter is put I but Thank though X.XX%. few of up the solid a our NIM through a think a to high-level go that compressed you, -- bit we details I’ll summary John. PPNR, a
Our were XX forecasted where basis an QX we to we points with from XX increase to up had expected of and fall XXX. them in basis line points, moved deposit they costs XX to
We in we down to back though both expect year. deposits of slow growth and our had solid growth loans the half the loan in
income that expectations. recur. non-interest performed Our some expected, little expected our to conversely well, expenses to a due exceeding were And not than largely items higher are
On loan half growth brings first X%. the to sheet, our our rate XX% annualized balance growth
in two we million to the of solid exclude moderate $XXX a year. this the CD approximately I grew annualized if said, As for replace. X.X% rate maturities final didn’t at you Deposits quarters we brokered X% expect the or
of shift we be continue and figure into others, of money quarter at last a CDs. deposits. Like DDAs from was quarter. DDA deposits this percentage as total from XX%, XX% to moving in to represent accounts down mixed deposits see Pre-pandemic appear our DDA our to end, of pre-pandemic XX% so a levels we XX% market toward
income Turning to statement. the
QX. XX%. basis was yields basis from basis points, XXX up deposits cycle-to-date our Loan XX beta down points deposit up NIM to Our bringing but XX XX were were points
million net the quarter. what approximately Our $XXX to third of was equal XXXX income interest for we reported
which up $XX was revenue after difficult million, in second be interest our good rate had million very expense a $XX the but best revenue. interest income environment year’s collateral fixed last million quarter had for This swap income, It million led $XX business gross quarter. had was continues since $X for $X quarter. million by swap on to a Non-interest we’ve correspondent, in to in
solid had deposit fees levels. wealth similar And QX recovered to saw we and Mortgage levels to QX. quarters in
factors this quarter. higher NIE. in said, impacting I As came A few expected expenses quarter’s the than
expense. $X recorded for to up expense adjustment recorded the around for We which $X.X assessment million, million effective FDIC accrual assessment an reflect commission rate half this during and litigation new of we higher year. was a our the was expense quarter Compensation
items, FDIC totaled with around Those higher million. litigation going rate insurance million along regulatory for non-recurring the commission assessment run and should other expense approximately expense two $X the special $X in quarterly FDIC excluding the be Our forward any accrual and charges. adjustment,
our performance. and by Looking to July expense increases subject ahead, annual team’s in categories are noninterest merit variations income X, effective some impacted
couple NIE of operating low reserves a $XX quarters With net we expect respect provision with face next mid-XXXs. to in be in $X in possible in credit, loss recession, loan to the in million We build expense charge-offs. the of continue million to to only the against
a We net recording This last million, one build in expense a the $X.X the criticized points of four of sustainable. basis Over the and quarters million to brings loans, basis in year up total total low reserve reserves levels and knew of quarters, classified historically $XXX loans provision $XXX few one last we’ve XXX ago. just basis we’ve of in point XX $X averaged or and NPAs shy year. charge-offs for total in while our a not points billion million from were enjoyed
they moderate We we loans QX, our levels. areas almost that interest. I’ll at last credit information current saw of included some those are non-performing very additional in bit metrics note XX% on tick though remain in quarter, presentations on up a of Like payments.
above We to AOCI continue in included have with or X ratios calculation. capital the were CE XX% very if X.X% strong Tier
to X.X%, a higher increases with TCE improved by capital due impact offset slightly AOCI QX versus in Our slightly interest rates. retention ratio to
what in next lower slower quarter. loan expect we of in see risk-weighted growth growth should so second quarters I couple experienced asset As noted, the than to the we be
and to capital to may utilize we position shares solid With capital that and build should continue our authorization capital retain potentially our formation to expect conditions warrant. rate, buyback we repurchase our
Operator, we’ll questions. now take
