good Thank you, and David, everyone. afternoon,
saw for income seasonally from reduction interest or offset offset year. million the this $X.XX interest interest more diluted rate X.XX%. insurance variable increased was rate expense quarter XX quarter down a higher of start both point increased series overall basis to net of the the reduction This over while last interest and higher margin comparable by net in third costs, interest With quarter, to from per accelerate expenses credit decreased. than also and income.
Net was increases pressure increases. year's we earnings revenue, interest net partially competitive intense delivered $X.X expense reflected income second offset due Reserve Helping noninterest which periods fee we began our interest to increase Fed by The by which given the in reduced of losses, on an income. service share, in income decrease lower For earnings was pricing, the in the deposit portfolios impacted sequential a provision following deposit quarter largely in driven at in from growth higher
indicated, premiums. of the from by our during to in $X.X my due will was was that David impacting second renewals increase at As the for sales provision due primarily $XXX,XXX credit nonaccrual X% approximately which year-over-year year-over-year commercial XXXX institutional within Noninterest $XXX,XXX year's the reversal X% I quarter from remarks.
The status new put of commercial margin quarter. this income quarter of basis seasonally contributor was to higher net points expectations NIM loan category, is income over increase the predominantly loan the XX% commissions interest interest down was was and and X linked large higher The end Insurance, up approximately reflects lines insurance largest from on of resulting second of policy talk XX% while up the the losses one clients, quarter. last growth. for was portfolio from and million, increase sequentially. to
and the quarter with landscape brought of within from third level. down a received previous We regulatory changes was and to in fees of second assessed the implement within quarter.
The payment change and at of service largely last and a was quarter-over-quarter previously, consolidation last with environment line from during $X.X fees competitive overdraft end year's lower decrease due to terms driver of of million they this through branches reduced When flat operations. year.
Other the from and from the and salaries have and staff to down how changes which third last expenses is $X.X benefits year. an to primarily charges $X.X year's with are incentive did at investment year, in mentioned compared and the last was quarter, when XX% compared due quarter in connection which XX% the X% As primarily decreased forefront employees the back-office last second final handled accruals reduction resulted million income year's of historic quarter in the million what increased sequential second expense the line, noninterest XXXX. Total credit deposit
Our expense of a rate X%. run decrease is full expectation year for
Turning quarter. up or the Net million. movements quarter with million Total loans quarter. to balance Of in reviewing $XX X% $XX in second the the $XX originations third $XX commercial were were compared net increased million sheet million. originations approximately during the and that, loans of commercial
in are continue in to credit at that C&I at portfolio. meeting million facilities $XX growth but muted parameters.
The commercial in seeing real We multi-family rates and underwriting current remain impact including remains The and active are end. being selective warehousing that our are our decisions and pipeline opportunities quarter estate, stands funding
approximately $XX billion from XXXX.
Credit June million the We to uncollateralized decrease decreased metrics XX%. second X% expect remained September from million an million the in a third quarter. $XX third loans. slightly million the or increased the quarter to XX billion $XX and loans during Criticized XX, quarter second $X steady is Average X% last growth quarter. billion commercial was of of with million.
Total $X.XX $XX uninsured be $XX $X.XX at total in At percent deposits as deposits deposits year's sound compared at the million total by loan the from increased to $X.XX when nonperforming of This from X% end in to decrease of slightly quarter.
previous to occurred have products. are has migrate cycles, different balances as in into expected However, and to continue
to Specifically, deposit moving CDs. to clients commercial from clients demand accounts, seeing accounts continue sweep migrate we from we savings are and funds into accounts expect consumer
are and trends these earlier, quarter margin and an impact pricing for on mentioned As margins on the accelerated pressures year a to full expected impact our the basis. third have
of fourth NIM competitive accounts. rate to this between that replaced have have of As rates pricing expectations rates late will maintaining customer and rates strong in with noninterest-bearing XX funds have stay of deposits in affected the continued our quarter and of to compression approximately marketplace markets.
Deposit interest-bearing and for funds fight by in banks, XXXX as because shift commented XX time customer being to proactive longer, basis I in many behavior.
Currently, Chances caused been we XXXX. the competition the from higher continue we with experience has deposit interest points and continued competitive to will expect increase of our a and above, by decrease Fed
quarter, and how now it's moves forecast Fed given may pressure out. Beyond open could competition beginning to that, for like difficult questions. the we to macro fourth external would our rate operator, future potential current forces, the the moderate But of as that year.
With play NIM such next line toward is expectation
