quarter Thank interest good morning, net you total with Total income XX.X% average million our income our linked now over million, We Highlights with prior $XX.X increased quarters the Thank increasing X.X% you, basis balances the our increasing X.X% linked $X.X annualized prior quarter. X.X% quarter sir, compared XX.X%. million or by prior of compared million of growth compared million of to us. and common points growth. up tangible to and quarter. up markets assets net profitability. representing year just or XX% the $XX.X have of higher linked or fourth include $X.X was $XX.X or $XXX,XXX of with increased and return X% interest Pretax to revenue Loan year prior and pre-provision annualized income up on $XX.X were of year were equity and loan as annual and X bulk Wayne the both higher from XX for by X.XX% million the of income in quarter deposits for the had were Columbus prior X% from return linked the quarter operating joining down the collectively from noninterest the and everyone. Total year. on off Fort and from
higher by costs migrated However, in balances rose mid- increased Loan-to-deposit Deposit did back the deposit in low XXs million year X.XX% costs is to XXX%. and X increased to cost basis to points million the higher from our $X from X.XX% to or which instruments. by solidly as prior XXXX of in $X.X level XX.X%, year. nearly the DDA ratio historical to prior
we commitment quality, As excellence part performance. operational of to continue that our asset to demonstrate top-tier includes
nonaccruing XX decline $X.X to basis of nonperforming basis of XX ratio standing peer-leading to loans points total decrease Our nonrecurring a to bringing declining assets the reflects robust XX.X%, and now time-tested to total at led from loans linked in annual reduction million $X.X $X.X has million, a This from million improvement a the total of points assets. the a or approach loans quarter.
high equity level year remained XX% remained particularly assets of nonperforming categories [XX prior $X decrease of levels quarter quarters than mortgage volume strong mark. a XX% the year, at levels to to quite and declining costs more compared lower sold $XXX origination included diligent to liquidity leverage across seen XX.X% level were XX%, we prior collateralized year. at the this previous of reduction to $XX.X total entire the volume, deposits. slightly any has reduction total strong million X to while a evident nearly at of of linked Tier have below from XX% increases loan common $XX.X in careful assets. insured were lower Expenses very million, $X.X at FTE relevant Capital management total XX% this Tier million And all XX.X%. and and risk-based with XX% that which ] nearly reflecting than and of continue quarter, to a be residential a been just Our portfolio, estate a FDIC overall, when around the threshold quarter in compared Operational the X Customer did deposits, exclude million. oversight the traditional capital real for in million the deposits that XX%. of deliver
our In account now fact, average deposit just $XX,XXX. at stands
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The diversity. revenue significant to pressure. continues mortgage experience business First, line
This million. saw XXXX originations approximately we and $XX XX% million our volume mortgage just $XXX sold $XX declined million to brought or quarter, to origination and
million strong in year, was XX% resulted For encountered $XXX full of that Despite I business fee-based the we $XX or Interestingly, or our we our million purchase new volume quarterly million sold the XX%. expanded. full year in this income materially all lines, mentioned, year headwinds households. $XXX the contracts noninterest
was million prior compared of to the quarter $X.X XX% or up year revenue. total linked quarter slightly Our and this the
or the XX%. million For average of below just income operating with of million our $XX of revenue, the mark $XX full eclipsed year, XX% total historical total our revenue noninterest
revenue Our the XX% decline Title XXXX. which to the as for experienced volume line Petite compared in Insurance a was with business, residential year, in
clients. not other work and markets, to activities continue supplement integrate to commercial a our Peak also as banks only State estate but to in real to community We for Bank
referred to Bank, we for of the throughout Commerce contracts. XX% the business just we fact, and in capture $XXX,XXX purchase State XXXX our XX% Bank In doing over CRE In in so, State were affiliate client our of refinance peak. able revenue at XXXX, to
Year-to-date, we quarter, refinances to XX%, commercial. and clearly third level done or State As the coming purchase from be bar revenue through to work XXXX, XXXX, referred it intended Peak's has this quarter be the XX% of raise but contracts more last to I revenue quarter, to residential Bank here. mentioned of and for peak in XX%
Wealth Moving to on Management.
quarter the the revenue generally line line approximately well increased end is Our in positive. million with assets of annualized were $XX and business as total contributing quarters. prior $X.X This is million under from markets management all
with our business best adviser and joint the achievement fully ones. banking We path also and in conjunction another Indiana, commercial Wayne with goals. our the prepared strongly overall feel greater just with that efforts Northeast existing to room on added this market. we're in financial are private teams clearly group to back relationships staffed, Fort calling line We of And grow now new the expand
costs been higher well below to the given last and X with region well overall produce organic region it's slowing sheet year. our growth, long has levels higher annually. albeit cost historical coming balance economy. and funds requiring develop of we the loan XX-county With to growth inception, devise back market an largely expectations growth our X% quarters, Loan scale. getting growth positive our by average initiatives model, more leadership rate higher line expectations now our at of been marginal Headwinds, for in for fixed that have all by and to our Secondly, over deliver investor region footprint critical that are
on reduced fairly We in growth incremental levels the we that historical Overall while the detail will costs margins. quarter to the mix. XXX We XXX relatively on change as stable and our basis Deposit give Tony asset XXXX. throughout points basis stability. focused liquidity in while this increased return remained and were rate to Likewise, increased cost mix for the quarter flat expect deposit liquidity yields points, year, more and year,
than under XXX,XXX the just XXXX year, of target and not loans scope. for certainly Third, $X scenario we SBA falls and XXXX. the below a was our established sector. only objectives feel of quarter with This this profitable it's level closed the something for than but more originations less soft all for economic totaled landing below highly We well of anticipated for we capable in have we're million. better production
our producers do and million top into We Referrals continue States SBA production $XX our and nearly the of to United that relationships. of pre-pandemic of business return to among lines and deeper expect throughout lending. SBA drive well levels staff the quartile to
XXX million. $XX.X quarter, In total fact, of closed for XXX the we for referrals, a delivered
For Many the X,XXX $XX but about referrals nearly do now. we million total talk business. off of handed for with banks approximately in closing total of XXX a year, it referrals, we or department
slightly job business have the in conversation. the business production associated training, and both at We lines, the force quarter. continued staff discussed reward referring levels person Operational and excellence. done client the we always Sales the center keep be and system person we fee-based is, and accelerate. the all last of as could Rewards them. referral, as were expenses the what down have the to lines know well for quarter receiving Operating expense, resulting the the we to as and the deliver sales
quarter. efficiency XX.X% a rate, asset our $XX expenses to efficient to ratio and per expansion As well positions line keep better a balance increased of million result, aridity ratio improve more All successfully efficiency managed our and the sheet. to said, achieving our on mark production with we that in our with us close run to
upon given we to asset market between And maintaining and cost, finally, continue all will performance further and the net strategies prudent move of build our we a income, these financial forward, revenue to balance As dynamics. optimize quality.
$XX,XXX earnings at provide for expense year. X this was quarter asset were and total due basis commitments X-year was low to again credit quality year, top entire the to inertia. Charge-offs and the for $XX,XXX just which Our $X,XXX just just point now a loans. of of for equates to unfunded Provision the full $XXX,XXX continues quarter
now of us reserve economic healthy positions uncertainties. a confront Our and XXX% at coverage stands loans to well nonperforming
basis Tony the in little Tony? for at Additionally, And more our detail provide arriving just company. quarter. all-time delinquencies will low significant points on to a also experienced now XX we and now us an reduction a
