will earnings presentation X-K in is in Jeff. the deck website take on today's portal. our us Thanks, that now through included investor I our available and was filing
Starting share XX.XX% equity, X equity. $X.XX, on a on assets, income return second average $XX.X return on of a tangible Slide was in resulting million, earnings return diluted XXXX on X.XX% net average and common was deck, a the quarter GAAP X.XX% common and per
highlight we addition, increase per $X.XX the tangible in share. In book value
of solid second results consistent has last a that quarter over generated franchise banking basis results As are strong financial a the the X Jeff the core to, decades. reflection alluded on
we on noting Expanding core drivers, X, company's and bit deposit to the will stability some of of Slide these base. turn the strength a
up annualized basis. our an growth have We period household that average see annualized deposits or $XXX X.X% play or consistently focus of an were the million highlighted the can second last couple you basis, balances years, up core on quarter over on results, million with in and $XXX while end X.X% out
balances while composition total continues noninterest-bearing quarter overall demand drive time to a municipal deposits. for principal XX.X% deposits deposit increases demand period-end balances deposits still comprising with increased reflect with very segment, total healthy the in quarter the of rate All customer segment second in being the overall driver. consumer And
percentage deposit year in deposits resulted franchise of the by and rate noninterest-bearing large another this interest-bearing core balance savings checking of sensitive, accounts is the on not focus of strong has less in only portion but reflected accounts. DDA, operating smaller value XXX-plus The
for deposits QX. low basis points deposit overall versus total of of the XX still This composition resulted up relatively X.XX% the quarter, in cost
cost noted of in driver only key borrowings However, increase of points, deposit basis stabilization quarter. wholesale a resulted reduction X an corresponding the and the overall of margin growth the funding in
million basis, essentially CRE million Again, construction X.X% Jeff flat. as Slide $XX.X billion combined strategic end. the approximately or balances C&I X% to an quarter increased total balances were Total increased Moving annualized just or company's to intent annualized and X. $XX.X of loans reflecting on $XX.X that mentioned, while
New estate. across diversified number was net nonowner-occupied property and a types of a industries with commercial commercial reduction in activity real
increase million and should $XXX quarter. represents XX versus for June a new quarter XX% An pipeline disciplined origination at third the prior approved of into bode well the heading activity commercial
In portfolios the solid low activity origination small both and are also continues business the residential in and equity. addition, new reflecting rise, percentage consumer with reflected steadily expectations portfolio growth single-digit to line overall in home
on highlight prior versus provides of couple million notable loans to new with asset a largest quarter. decrease these for slide, additional loans. gears accounted on at this total be some Slide has detail ratio the asset loss loss The or a X noted of total a either the should the point on of number nonperforming nonperforming increase in the over Included allowance. Shifting to X for have charge-offs To expected remained added been in couple, specific allowance loans, already metrics. X.XX% relatively quality basis in current quarters. loans $XX.X quality. consistent of It reflects key reserves loan X.X% a or we reflected X that the nonperforming activity prior details already exposure from
remains we components the work We office through challenging to environment. of which portfolio, Jumping nonowner-occupied X. good as in our key stead highlight the Slide
loans nonperforming new in this no had we category. First,
quarter cases, on banks and work of in reserve X. Regarding drove noted applicable resolutions. increases these borrowers just past some credits, to due allocations where the we exposures, with modest other continue in I as appropriate Updated find to in Slide the information
all had second extended office quarter, the this negative set paid Regarding migration. million of in loans segment of risk no assessing the terms in quarter maturities, off, either mature case-by-case we best or loans lastly, on quarters, the a And the mature all $XX to approximately with to we during resolutions next loans in with basis. options determine few renewed remain diligent over
the this continue multifamily to the and Slide pristine information to assets see on quality we nonperforming metrics portfolio portfolio. in with noted Moving asset no X,
the increase flow in we increase that highlight yield for repricing, I as to second the quarter. factors loan in previously the quarter quarter. maturities deployment near-term X.XX%, net lower quarter Switching versus reported mentioned, the point as costs the a hedge of offset funding asset a the securities overall basis asset stabilizing increases which gears and combined prior X prior And The versus saw in Slide reflecting cash of interest with margin a expected, increase margin XX.
fee in overall the $X.X increases XX. nicely rose by Slide income as to of saw and fees driven administration as billion tax increase the quarter banking as in record deposit-related mortgage to wealth which from Noninterest income, strong second June preparation well Moving latter assets under insurance of the The XX. commissions increased management. and
quarter, Total compared the when various expenses to with quarter modest and relatively were the components. across versus flat decreases prior prior increases
tax the quarter. of lower prior that the expense levels rate associated also was with was adjustment and equity liabilities. benefited quarter XX.X% dollar vesting which from award And second an than life impacted split in lastly, activity insurance company's valuation The by of the quarter, slightly $XXX,XXX the
turn out provide my closing over Slide the which credit near-term conditions. our to to In to I'll update reiterate of want a brief comments, continues level we forward-looking uncertainty on guidance. XX reflect to
the loan guidance growth with near low of percentage percentage deposit our XXXX In increases low in single-digit term. terms and year to of reiterate we growth, single-digit expectations full flat for
either for in net X.XX% no XX X.XX% the cut, anticipate third be margin we cuts basis or quarter point the margin, assuming Fed to interest Regarding to reserve range. September the the
been second quality, in being asset already the activity half it captured the other that noted, year reserve expense we as the trends are credit already to driven any charge-off that for accounted allocations, by relates by reserve. I As modest provision with anticipate previously the emerging specific has not of in
for levels. XXXX increases year we quarter relatively single-digit well low for low single-digit as third noninterest for quarter Regarding versus quarter reaffirm noninterest second expense, percentage versus flat third full a numbers. increase QX versus versus totals we full reaffirm for year XXXX income, percentage XXXX as And XXXX with
is around rate be the year expected of Lastly, the the to tax for remainder XX%.
my concludes up it for that comments. now questions. open And We'll