afternoon, you, Officer; Welcome am I our Credit Ahern, once and Thank second I'm Officer. call. quarter Andy Chief to good Pat Meyer, everyone. Derek Harmening. Alicia, earnings Chief Financial again by joined our and our
by start Pat will will trends credit. then the And sharing from margin, capital. an and and I'll update update for on provide on share there, income Derek some highlights quarter,
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new campaign relationships service mass can a customer enhancements. And a already platform brand than with You we've side, you can strategy leading to increased we're new and made acquiring year we with it deposit rate. ago, an affluent where several the brand-new to decreased less a multiple our relationships attrition product and upgrades and on deepening score digital, in it see launched where the see satisfaction and customer
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highlight X. key So on with the Slide results second to that, I'd quarter like for
stable trends results and in C&I Our major initiatives. credit second continued We quarter second our the quarter finance. added auto against and in of loan progress reflected segments, by sheet, balance balances led our expansion three the again all
as we in discussed a whole lending slowed we has ago, a as quarter XXXX. pace saw strong the However, from activity
markets liquidity customer our begin increase on funding $X.X initiatives. and our expected acquisition enhance deposits the we tap realize fund as sources growth deepening This impacts wholesale reliance during full billion by relationship To to to wholesale we over the profile, time dissipate the of and to our is quarter.
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deep on Now the we approach addition, balance are of an We an important sheet few a existing like to a us to points company a to take X. our of staying portfolios. ongoing as conservative about de-risk disciplined credit. past reiterate have who and And our in credit. on Slide topic I'd in relative to review position moment take and efforts over years the XX a of This strength. includes put the active,
risk. sheet. exit Since those XXXX, asset replace lower processes commercial identify we've taken and core and portfolios, we're high-risk procedures focused classes prime implement consumers, on squarely lending risk a prime, diversified with eliminate steps balance balances And to today, and super to and
limited in overextending any focus ourselves and has in us broad at-risk as CRE area one exposure office. particular protected our This from such subcategories
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our trends Slide loan With X. provide to on details that, on I'd like some
we the new approach pipeline loans, the coming more high-quality as slowed And major to for deals continue areas book while and add sheet to quarter, has loans growth second segment into in our C&I a We've each the to customers in in cautious quarters. continue the of consecutive finance. uncertain macro balance as reported take During pace environment. we now five such auto the
that delivering continue emphasize while we portfolio loan high-quality selective profitability diversify enhanced in categories an us our profile. Within our help to growth portfolio,
lower-yielding of originated to our the has equipment in asset-based focus classes new Over the as verticals, enables on and last high-quality non-relationship seven lending growth and third-party sharpen expand lending. our asset mortgage. our us finance quarters, business our relationship-based helped offerings C&I such us and deemphasize expansion This
time. exit over returns now back in QX, loans wind We value. business these to other low announced on optimize approximately 'XX areas billion low-margin $X we to million to down just we of to focus in business enable relationship originated this this XXXX as we've chosen with in and we that originate As $XX relatively expect us our
confident continue to of we we such, growth And ability loan in XXXX. X% accretive balance X% and remain expect summary, in high-quality sheet. in on between drive as to our our So growth
second On funding Slide our for X, highlight trends we quarter. the
wholesale help our tapped fund and temporary intended deposit replace broker our liquidity enhance and the we the During long-term growth cost in to loan were be part and actions strategy. to of nature markets These higher our not profile, advances. FHLB quarter,
Within growth our the customer environment, of the dissipated that our base end consumer core largely in see deposit a face business But public and subset did during uninsured of And deposit funds April. base, volatility this short-term the volatility in saw modest we quarter. in from by of quarter. the we actually deposits challenging March and some
our base relationships recent our attract to and deposit and digital product tools reflects and customer efforts deepen stabilization of This granularity with the enhancements.
of to check forward levels confident the ability We network hold cost our the wholesale to on year, our growth fund in through and going based in initiatives. we move at remain reasonable we expect our back funding a half as
on current conditions, said, expect total based for core decrease that year. to With market now customer deposits X% we the by
growth However, in expect to of initiatives. half we to we back as continue the X% the execute drive year of our on
on promising pick customer year. continued the these seen through On deep We've Slide with our X, of up details see signs momentum we're and sharing retain initiatives actually efforts. designed progress to relationships. we We've acquire as to move additional
are several up variety we've us running mentioned leading confidence across that we track. with previously, give on bank, and As we're indicators initiatives a of I seen the and
in the regional environments consumer the First, business all in of three actually grew one challenging of we for most quarter. banks households and net during years, months second
an resulted attrition a Secondly, in brand decrease and to offerings XX% our rates increase household XX% acquisition in several year-over-year. launched we've implemented campaign, new and enhancements product which consumer service in and a
I feedback and remind Third, you launching frequent already and that enabling deliver more respond want architecture, more platform months last upgrades. we open built Since upgrades. customer the new launched was digital successfully with quickly released the XX to fall X ago, to us we've to platform
strong year banking. a customer As completely three the a a in top most second high mobile scores. satisfaction in our our box satisfaction scores result, satisfied positive hit during trend we've recently, And quarter, seen
million customers, that increase net strategy year our added launching Finally, growth a in new relationships baseline. potential deposits new our deepen since affluent goal. with already X% roughly surpassed a mass over prelaunch we've high represents $XXX from This to full
bringing customer deepening more that see, base is satisfied. you and As a we're dollars new with can relationships in
the we speak. as While we're of efforts, yet realize these to enhancements the we've results of impact initiatives, additional the full initial pleased with on working we're and
What's maintaining to is our the change to not discipline with going risk, expense which is credit foundational though commitment operational strength management. company, risk our to management and regards of
X. Slide finally, So on
We ago. of expense a operating paired committed compared industry again with the once second PTPP quarter. leverage XX% team same strong quarter, a delivered period which to during diligent facing as despite $XXX our the the delivering the to during management million, challenges And revenues company Our year during represented increase positive income the remain XXXX.
provide going I'm little more Derek hand and to Meyer, capital over Officer, our that, quarter. cap on it Chief to the to a with statement, our income for So margin, trends detail Financial
