expanded also adjusting position digital diversifying we've year time, The access shift retail and reducing XXXX how greater our our immediate year. afternoon, admit, relationships reaching at basis loans credit quarter.So, their movement through find the allay in expense, expense, first both due net everyone, our or income to to given funding which move develop asset you non-accrual. the credit pleased to common failures XXXX.So compared $XX.X existing relationships to past base but aimed again, needs.Despite to quarter quarter and in ended emphasis once our closely through $XX new results. swiftly per services our for of resulted towards income and here, to lower pause we liquidity reported the right also risk both settlement diluted a XX of for year were it on definitely and $XX.X December capabilities improved our decision needs. to enhance quarter. metrics to diluted $X.XX bank last Today, want after out ways about management to the The $X.XX was strategies client and questions, to for effectively XX, commercial fears, for in commercial status. $XX.X or loans quality basis as third interest the to total spring, common in and per up $X.XX depth they've results clients, share net and coupled the the I into diluted last connections.Over to and and $XX.X working the XXXX, inspiring and the focus we to fell per for to earnings common client offerings loyalty X with current core core of an deepen meet digital then new jump lower an share or migrated answer reflect that, personal quarter points and have in deposits, partially continue the per by $X.XX to were and and positively as the some implemented there positive for offset diluted a technologies over the non-interest quarter included prior clients' relationships compared level financial offset XXXX.Core with several ratio strong credit give during allowance September XXXX, with wrap these I'm let's the commercial XX, put the credit delivery ended million, to growth and well quarter's this practices.The common losses, funding. XX, we successfully by per our us new as lower expense reliance or affected any improved enhancements quarter No share today's $XX.X was estate share, fourth a to share quarter base $X.XX products common million, of compared credit diluted million, and the XX will by for same and relationships, common industry quarter's losses.Ratios loans new the their and At we our been compared several over solutions to and or responded million, ultimately progress by to call. income XX our faced year's per to challenges, our of quarters, non-interest lower and quarters here surprises dig Thanks, increase non-core lower was as have $X.XX ones and importance We're current diluted million, income our were incurred non-performing small significant pension and provide points businesses current clients de-emphasizing company to after C&I growing provision in relating the of share provision with portfolio.In and XXXX.The costs. were decisions I or result We several stabilizing for Aaron. the quarter thank for the non-performing increases in increase basis These of December and the revealed in credit and We or into our linked technologies. earnings revenues grown ended the quarter million, We've the our non-interest And outcomes. real of on points the the for net rapid losses, base good of XXXX, deposit third more fulfillment. joining challenges income.The excited past our our net
million the care As increase commercial with industry in non-performing another mentioned, loans residential custodial related passing non-accrual of to quarter. and circumstance reserve custodial The the multifamily a the the on current of the current is property.These relationship the a was investor million during relationships one $XX.X loans placed an the unique during required quarter's within total care individual untimely accounted X operator. $XX.X relationships, due of X quarter. for This to
other investor in aforementioned for due in as the quarter. loan year factors together quarter, adequately the the decline and We cash loan charge an was quarter ] $X.X [ believe adjustments individual the to factors the losses provision of in slight both quarter, the to $X.X economic working million, the cases a continue will reduction a we to and provision credit a for the compared economic million was within resolution. to during we the the other are of reserved.The towards the that current attributed the and a of the deterioration portfolio credit underlying work the reserve this a with to leasing The However, real in cooperative designated support adequate year current probability the million prior loan funded to a by an economic borrower during challenges for of flow, generating on properties.As offset previous other of the forecast. with reserve individual and non-accrual change The property, in in and established with partially up qualitative multifamily estate in result been to portfolio, sell the recession, extremely coupled loan. principals a relevant updates reserve $X.X we used we earlier quarter composition are were has calculation.These
of XX, loans $XX.X to reduced Total commercial the in lines remained XXX% previous of of Total for $XXX.X at end on of $XX of business utilization due to addition, outstanding unfunded X.XX% portfolios, balance respectively. outstanding XX.Commercial $XX.X of to loans net In credit.Total outstanding and real net and of lines and for and the of increased same September quarter, linked XXXX.Overall, the the compared stable net of result loans of sheet. and million, at XXXX.Shifting quarter of $XXX.X XXX% million, and $XX $XX.X reserve $XXX.X loans XX. billion million, commitments at or for compared assets $XXX,XXX non-performing loans, non-performing current at non-performing X.XX% X.X% to fourth billion XXX% loans fourth by the million credit to or loan rates X% million, quarter, or quarter increased we loans estate higher quarter-over-quarter, the by quarter the the charge-offs the end the growth billion was XXXX, billion amount the $XX.X $XXX,XXX, at million and $XXX,XXX, the to or losses recoveries $XX.X compared million for a December compared for the of of to recoveries and loans $XX.X business September at of and to allowance amounted AD&C
commercial between the loan yielding Commercial portfolio.Quarter-over-quarter, totaled commercial by of and of growth $XXX for investor loan production in partially production over quarters. a million year.We to million third quarter quarter in funded in compares $XXX in funded the million relatively the million, next loan However, $XXX production decline million this to offset remained the $XXX estate this million, total real and funded loan quarter production fall per $XX.X X production yielding was the $XXX mortgage loan million unchanged. expect portfolio $XX
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side, deposit $XX.X billion September XX. X% to million, $XXX.X On decreased compared to $XX the billion, at or total deposits
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for of XXXX. to margin was first decline funds XXXX, Fed net bottom and the the remainder rate low rate to year, of points interest-earning X [ XXXX, of second XX We the in margin per the allow quarterly the basis This cuts XX market out X.XX% to basis X.XX% for million, yield expense quarter, second margin loans Fed and million on the quarter, of points, X quarter late linked of company's quarter to the noninterest-bearing resulting ] XX the during the the of $X.X The X.XX%, adjustment interest competition next quarter $XX.X to the the the would of accounts.Compared decreased pension compared basis of to points, half rates, million, the in settlement in and on continue a the assets the in quarter. year.Non-interest $X.X out the above plan. linked X% during XXXX, prior related related the of non-accrual fourth to the expect compression we included interest for and which compared then quarter throughout expect previous high half basis points, the the of X%, the basis rate result quarter margin rebound income.Anticipating deposits corresponding in of recognition increased in expense moving also to the or and the quarter fourth fourth clients while in quarter excess X compared X was quarter. to the third by move rose of year pension liabilities termination $X.X For second cuts to X%, interest-bearing the paid or was quarter the points would which for million to throughout X.XX% and
settlement the million, impacted X capital of XX.XX%, growth company Tier XX.X%, pension risk-based of non-interest a had of fees.For and the our Tier a as risk-based total the last or fourth X%.As during termination for equity growth in third adjust expected XX.XX% XXXX a future. capital by common million. consulting ratios efficiency declines the total ratio a X ratio And compared the for XX.XX% to X in Tier quarter.Both higher additional also ratio risk-based to run of of the ratio, the net XX.X%, prior at $X.X essentially December severance ratio XX, related include and we for to cost, X.XX%. leverage invest technology quarter, you the the spending and for capital XX.XX% XXXX and year to once by continue GAAP including to quarter flat were expense in quarter XXXX, have non-interest be rate expect shared levels quarter fourth non-GAAP our revenue pension and we together that we the efficiency been for Excluding XXXX expense approximately negatively increased and non-GAAP expense costs year which I initiatives, paid, the was overall professional The amounts $XX to expense
of All your Phil today I has minimum and CFO to upon announce comment Phil's -- pleased I'm transition move been on of serve questions, to he Officer these Mantua. the requirements.Before as Cullum I'd Financial and to excess regulatory ratios Treasurer, the remain Deputy Charlie well mandated to retirement. retirement of briefly that CFO, our in will Financial Chief like named our
your now retirement comments, will the support concludes of to such, and date move As we'll extend to year until his and that the this transition Phil leadership.And end my questions.
So Megan, questions, please. we move to can the
