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income of offset growth, deposit increasing prior was and assets average the increase better yields equity million return Net on costs. $XX.X other on asset funding have mix X.XX, interest $X.X common earning asset Return loan and XX% in million tangible up as quarter from the or XX.X.
$XX the million compared quarter loans million, million, linked but with $XX Deposits year-over-year by down the raising $XX to now quarter. or $XXX million Loan year from quarter grew balances were linked from the XX% prior rose
with linked origination and NPAs volume quality metrics down prior just quarter, strong is from from remaining asset basis XX Expense but points. the million, $XX slightly the at up just year. Mortgage
our prior more strategic net of remain As M&A, operational diversity, discussed household, deliver growth revenue scale five key a each and revenue, path quality. to with with excellence of asset organic relationships with with number potentially initiatives, and fee-based balance we deeper quarters, course interest income times our the
quarter, For from in just originated the $XX business level mortgage slightly volume our linked line million the quarter. the below
quarter and the loans the originate was the model into below traditional arena expectations primarily in strongly While the trend of sales moving sell towards the market. level our is production our in to secondary
increase XX% second above level near quarter the our the of latter to the do expect XX% the sales year. in to and historical We level in half
expectation funding our the of continued portfolio the level loan of growth limiting costs, Given is higher residential plan.
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from XX%. quarter current exclude $XXX,XXX of line both year. of year-over-year I have included years, a to the The last in mortgage the as first of When recapture, the mortgage recapture would of $XX,XXX mentioned, we impact decline quarter a full our compared been business servicing
Title due off as volume, in The business would expect. you is to the also decline residential
to the our quarters. However, ability we coming drive of expansion remain revenue confident in
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liquidity the and of initiative, quarter. and for in deposits the fact, client client to grow have And recent concerns need in remain conversation very the key in deposits quarters. deposits of we total now We hard grow funding highlighting meeting Second bank last grown potential the failure stage concerns a and maintain center three needs. to worked each
to funding has come to essentially sheet. marginal what cost growth our cash. prior margin as of on at That's desire and very cost to The driven This accelerate a the flat XXX% competitive the X% year been are their on our balance X.X% has compared that up nearly of market total was to costs to level. funding the clients returns a up
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quarter all the that have of a have liquidity reassuring many with strong, We our now singularly our our five variable book grown last of well-capitalized include we on residential growth we needs. meet loan we to were our each their of quarters. bank books, When on clients rig in avenues focused the products the
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XX% sheet. balance region largest comprises the only our total fact, deposit of In
and not discount lender to our the program have or access Fed any either had bank funding needs. liquidity to term the We of meet
prospects in PPP client's in that strategy our the We million teams the quarter deeper but need focused market. our will and $X.X back and been bit market develop unable undoubtedly to in quarter, and getting as capital has realized Third grow, gains on more relationships, we are The to completed, to sold the we more SBA we working them is in albeit scope. anticipated. due story calling get the our timing, into credits were a closed over to challenging
We pipeline with of fee of scheduled sales income meaningful quarter expect second $X the closings the from million. nearly in
continue We be to our originations most meaningful expect XXXX to business we SBA the XXXX. one in in years entered approximately of since line
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As XX,XXX additional our a year. household penetration throughout and services result, now over we and add expect coming the are households and to expand products
our Operational into theme. point key throughout the entry our household key for business footprint. excellence, mortgage line The has fourth a us be and been to entire continues
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profitability. number available XXXX rise in markets of housing hurt the our our in and lower the in of rapid the impact stock has a rates Clearly,
saleable growing quarter's showing in believe years. market of production pipeline purchase the in over the market. was We level that we've our we X is almost signs life, This that exclusively the are some experienced lowest and
headwinds the mortgage resources the level to to efficiency We traditional annual continue that the but prior net were volume and a quarter. from increased our the too our the quest on incremental are ratio line from assets of rightsize acknowledge Operating revenue. the of for levels more linked year potential revenue and expenses given We return prospects of business to average quarter, expense and growth. banking high down
a and that are review will quarters meaningful base expense of We our confident from the reductions full have coming the baseline. show done
lack revealed fact, In a more book will model of a that dynamic expenses recently and stockholders. revenue improvement for deliver our developed meaningful tangible cuts XXXX value improvement for enhancements we for in that
positive As provide us XXXX. initiative for leverage such, anticipated operating this will
reach contact the platform. our the particularly retail constrained we expand to positions operations staff has as network, client continued to forgo client-driven of important open to hours to has reflecting offices, allowed some center Our the adding us in digital its flight of and have
outreach of and do center consistent of This handle contact corporate sales our message allows champion professionals. staff to to client and deposit the an expand Our a customer six acquisition seamless, from footprint with be a service will and needs positive households hard us strategy. focus single goals without also expensive along with expand our
compared slightly elevated X were offs the have quarter the we Charge- in the last quality. experienced net asset in years. recoveries to finally, and Fifth
our the prime-based We and payments has the [ph] have see the small escalation portfolio. put on interest portfolio some our credit begun rise in rates interest in of on weakness household with to strains LOC card
now puts us set includes at [ph] additional several a significant over adjustments the loans have of million stands nearly that last that the A CECL XXXX nearly nonperforming of aside with provision, XXX%. we position now additional years strong allowance $X coverage very in
when basis or percentage quarter drops identified NPLs the points. exclude basis But Delinquencies delinquency we ended the X the $X.X at number, just the million from XX points. to
what We continue to bit to prepared. have horizon, recession we on be that is continually stiffer are with review a problem credits headwind the expected uncovers potential program but a a and robust internal
quarter. it some time, Cosentino to the At on turn like this Tony for over details to I'd additional Tony?
