some start of I’ll we All things things our right. and we these that a $X.X a first earnings paid, kind But that employee in to talking related about Kelly’s few things about highlighted We COVID-XX and Thank have special that comments was of by about bonus of expenses of nature. just one-time you, that we earlier. page the did release talked million. Joe. in
$XXX,XXX which quarter. normal equipment also things expenses and then almost like supplies about you that And we costs of kind cleaning mentioned, was expect which would and had the and the things We other just about and $XXX,XXX. we the first also contributions some services had was different in with that,
roughly items that all So $X.XX our to, share non-interest kind were that think, added COVID-related per of in expense expenses we of categories. up of about
in also the delayed mentioned adoption the first that We of we CECL quarter.
end of state adopt January accounting, this that has CECL from year, We professionals under back expect of in retroactive guidance the CARES emergency lifted. later after enact we at the and Act and X, either the year, will been or the or the standard setters that to the obviously,
Some possible impacts forward. going
I usage expect COVID-XX depending our and activity that perhaps like in we maybe being release, all here, additional those fee items of to over our on some periods be items, future banks the you the on income, effect but that by the back and we refer We pandemic, X. point-of-sale and earnings certainly are of won’t things Page in may details some on all also mentioned non-interest that. mentioned and go companies related, there some the Obviously, impacted just of expenses
regarding that this. things mention So there’s various we did
up minute pretty We for X.XX% mentioned, quarter actually talk X.XX%, about of X.XX%. I’ll XXXX interest to well compared net in had pretty the compared also our held the the margin, and first margin. quarter a XXXX, fourth margin quarter. It of that interest with consistently a as Joe first net in
the first result had average decreases interest loans during assets, The the than in and market we, of cuts on rate really March, as decrease interest-earning products. prior other was from a primarily significant in yield quarter year
our that sheet swap had the earnings filing a mentioned we subsequent talked But release effect. we’ve also it we event. did we we bit in As balance had $XXX we mentioned sheet balance a as that past, our about and terminate million the XX-K swap in in our notional little in
has expect our taxes, that, is equity, on quarter per million the loans that the of section through sits accretive to but periods. and in original is equity We almost that gain as It to unrealized gone deferred approximately to in a will XXXX. payment And $X future – of received kind section. basically has date, of it going $XX we that, be into income that is income realized, the net to termination of now interest interest as be on value actually the income which million in section AOCI that
LIBOR the points XXXX. XXXX FDIC the first to lower in decreased interest market of to excludes loans and acquired lower by impact mainly yields which compared again, a quarter loans of accretion generally March yields basis lower year other interest additional ago, the ended for three resulted margin, rates caused lower yield core on months assets. the and on due from from The much our XX, our rates interest-earning XX Really, which just
income however, from quarter versus XXXX interest a bit were and QX $XXX,XXX about The basically net quarter, dollars, QX recent the unchanged they XXXX. increased up from in a year-ago most
value fair few balance have we to to we did interest some in that recognize not relates loan our the income was swaps that A that year has out. income the sheet do from much did overall rate previous swaps, back-to-back our Non-interest we nothing the customers. terminated, of back-to-back of $XXX,XXX with items that with decrease pointed net but in – that swap quarter. we We the changed really non-interest have
falling position quarter. with about value the in interest the $XXX,XXX And net so by that rates, of dropped fair
new ATM income and fee expenses netted $XXX,XXX, of charges processing that to and the the or card related XXXX. mainly system, the first ATM a which fees debit related about conversion with we in in completed Service to decreased our are quarter
the on loan single-family We and have overall ago. about rate And sales a then year quarter. sale origination the year $XXX,XXX, Net prior in period of from versus increased year-ago income current did gains compared more to other fixed year. increased loans the
some last also fees we’ve And to significant on tax did related to somewhat some years. our added – items. year and several or year’s customers by on related some had acquired with investments in income over recoveries was that quarter that this some recognized FDIC origination offset gains credit quarter partnership We fairly fees some termination first loan swap swaps we some in certain exit that and the have
expense, I’ll thing, briefly. next non-interest the talk And about
expense were to in did tracking still that I about quarter. we COVID-XX compared our million well on the to $XX.X Non-interest items and quarter expense lot containment, recognized. core think, A year-ago $X.X of We’re efficiency. it our this related million increase to talked
this had in being during period machines year, which upgrade We and in and higher bit last we the written-off fourth some is new related year’s had to a to little expenses depreciated also quarter implement software of XXXX. ATM/ITM operating depreciation and that now
mentioned non-interest That’s at before quarter this The the at was year The higher efficiency in Joe ratio ratio, was bit XX.XX%. was it I for versus think, really the to XX.XX%. to that year XXXX. the a due last The than of talked higher X.XX% first non-interest in little expense year company’s the in for efficiency primarily increase about. expense was X.XX% three-month average assets this ratio period period we
allowance a mentioned about and I little bit provision.
first a provision the of is loan quarter only to of for As in related net in we said $X.X $XXX,XXX quarter. this we million. losses earlier, had charge-offs actual the year That
in million this in that the loan our an year. for quarter first $X.X of resulted increase in So allowance losses
We position liquidity. mention million the about end a did March. We securities good One at and of is last total. unpledged $XXX of strong had liquidity thing have I’ll cash
In addition Home our about billion to line $X at we secured Bank. Loan that, had on available the
So we broker that needed. deposits, much that and if to we capacity could also had we add have capacity there borrow
CDs million products, checking over the million. about retail $XXX or million, $XXX up $XX various In $XX deposit a our quarter, so of was deposits was million first brokered that increased little and up
So some end their amounts accounts. minor increased two, totals the seen customers total. relatively we month the in in withdraw since from of But deposit or our March, have have last
into a the accounts. the that to of funds week increase Some ago were related is stimulus deposited customers’
the that some these and over increases out time. And in deposits will roll of – accounts do expect these so we
in open our prepared time, our we’ll questions. ask concludes for queue this for let to That me again once up At remind our questions, it remarks. how and operator attendees to
