going you, interest margins. I'm Thank to with Joe. net right. start All
year quarter cost driving that. impact year and on have most the about that and in basis Also quarter was on and It's the than really third offset increased been at was it loans, which this increased quarter, Throughout yields loan excludes that yield yielding loan well. quarter ago kind accretion, in higher and our are second in our our partly of growth Reserve increase portfolios the categories of increased expanded we in Bank about rates. reported That's Our on an the X.XX% Home FDIC borrowings. the X points year. than which yields costs to of partially basis Loan also The Federal margin in during is our of has additional higher investments XX Bank our as some funds margin by deposit acquired our X.XX%. the it points was more core
we've competition though likely rates on remain and in seeing interest pressure we're of move we're that the effect filings rising a As net and a year, anticipate interest as so have will significant modest That and on margin, that borrowings bit increased and would deposits positive indicated margin to little costs, that. past other far seeing income we forward. we put continue this core expansion
mentioned some improvement of of lower income. the lower headwinds loans as general level Joe the been know consumer accretion of earlier, just amounts and have You margin to in our
I we deposits as think are to kind the was quarter in probably general I it's as experiencing. been has but quarter and our little in a see banks up previous third similar we in increase think a it been did the that what to third our of a And actually in income periods. the to more We second what quarters opposed of quarter, see than trend previous lower saw cost did most accretion bit, that.
affected cost in move they rates of the be borrowings changes as ahead. by general will in our So LIBOR
income. just about I'll non-interest talk Next, briefly
to quarter higher we Omaha obviously branches sale were of the know the You of mentioned year main Joe already that. year. by million was compared $X this last about the third driver the
year this loans. hybrid more one-to-four-family fixed ARMs. originated also of loans We a $XXX,XXX gains little and or last less amount originated residential had We've bit rate in on to compared lower less sale so year
So adjustable. terms have fixed to X they X, for of X rate be periods may they're become years before going annually
to nature We them million that down type able maintenance We we've our million did was really period. $XXX,XXX had and our flow some year this upgrades about also now fully that of we in costs for then functional non-interest expense. a through that machines did interactive make about bit million non-interest that company. some the did Omaha to and containing loan second close and about expenses and related little $XXX,XXX. to $XX couple and the quarter see transaction branch we is about is as loan so increased our were had That of to a this categories, quarter in good quarter. expenses ATMs $XX.X third equipment compared fee expense. have we quarter Expensive, Our loan occupancy also this think to expense, had I to in focus our that Total $XX Also and deals compared recovered reserved, repairs year. recovery, some more the a had legal good of that wasn't we network a remaining so It release job the in increases to professional were year tar fairly provision were in we losses we the non-interest that. We period. some on have efficiency or quarter of this last a did that done it previous this on fully for things that and reserves we
at we stable I me core So and are [Operator expenses queue operating Instructions] from concludes for operator and on time, the Andrew this Our over That that. on relatively remarks. turn attendees Thank with O'Neill. you. think again, And to let for the continue ask remind prepared staying we'll be first once focused question our our how questions. to Liesch questions our Sandler call to in again is
open. is Your line
