to bit and margin. I'm by about Thank talking going start little you, net right. interest All income a Joe.
or the in $XXX,XXX in increased about income third to quarter interest quarter net of X.X%, compared about third XXXX XXXX. our So the
net third we this then million income, quarter million in million year last So we in were in and the of $XX.X quarter second at quarter $XX.X the were interest $XX.X XXXX.
between as but as change go. So dollars a periods the fairly far lot those three those consistent the – it's been didn't numbers values whole
Joe the I fees XXXX. of the year, to net from second with $X.X about did loans. fees mentioned, million income that as we million accretion went PPP think PPP deferred income income have The and deferred about the quarter, third we this some of This was quarter the $X.X from had quarter in in
to of to go and million in to $X.X in the we avail a income expect are left continue about quarter. fourth net customers our getting that deferred themselves have large going And fees. loans we of even those forgiven said, Joe We do probably repaid. is PPP to So portion going think
of we year fourth was last occur net most yet third this will the quarter. So quarter The in of in margin X.XX% interest expect year. that and the both
quarter compression basis For our XX asset quarter points, this in three yield increasing on with from the margin $XXX – previous And this same loans months points. deposits compare a while changes year this million. that compared The ended about XX frame our three year point of million rate one our September interest-bearing year, ended interest really average resulted margin quarter, about to the XX declined increased the versus by the time this June you basis the decreased about on year. X.XX% in cash if average back quarter loans basis mix in equivalents average XX were average $XXX about net to period. ago down period The by by months
cash shift a assets. into cash and from So equivalent-type significant loans
points have So you year had same XX additional kind without liquidity, would ago, a that interest that of the margin if liquidity net higher. about level we our basis been of had
had lower portfolios. accretion income addition, FDIC-acquired this also from year In we our
XXXX for it quarter. September excludes core the from accretion into and three previous quarter margin XX, XXXX. which interest The year net the and this year yield months So was that of ended that X.XX% played this versus X.XX%
and where third able bit re-price up Overall, first be core So probably funding to our the deposits maturity. decline a into year kind was continue quarter fourth of should was to next a margin in to our at as from We half costs year. of lower our time ago. the continued it in quarter, that here see continue the
I we've – been an points. XX of cost average originating our most CD of basis recently, points. XX our deposits at September, was to overall of sort think about And new rate the end XX around basis time of
has same percentage our million in net year, $XXX.X in a and also months for net increased the terms the our period mix this ago. up by last period, nine the from deposits the So income year asset changes while versus this in dollars million nine-month interest $XXX.X been impacted was interest year first of in nine-month margin
some loan subordinated in periods, XXXX. million those and in So interest the I June earlier, in mentioned in comparing factors $X.X nine-month additional addition issued we of acquired as had notes more less also as expense on of income, are million in – accretion notes $X.X FDIC that we some
a So have did quarter we for of did the redeem. But half were were ago. higher we reduction expenses year debt a sub quarter the they of than that the in the overall, the
up about on is previous months items, loan income mentioned that's a quarter, last actually lenient to purchase were fairly fees And down decrease about year this partially first it on. in first right going on were insufficient. was very level where was be decreased the fees had that And has activity, would activity. in early lot had we like point-of-sale we and since in was PPP -- level expense, to on activity waived debit level we're not higher year Joe we now third nine There versus third I'll And the a shut The I it gain off $XXX,XXX million fees retail more quite quarters. year. income comparing the did lot really a Really the pandemic by from as certainly waiving just pretty net activity quarter stay-at-home and Last pandemic about had quarter. things last is non-interest low sales a maybe also strongly was about was this going higher. loan And and And that to talk quarter the bat been to at refinance of fund now. loan deferred bit the in to but ago continued level. year insufficient quarter. significant for a say a less XXXX third more through ATM ago steady compared million with these in on purchase to more year $XXX,XXX we non-interest determined more most began last increase offsetting usage. I a $X.X year just the quarter the an were back of a a than sales. normal months were for recognize more as just of In and the on origination This -- We the year previous that. versus thing orders part bit $X.X Non-interest recently. fees different but moment. stay a third $XXX,XXX. The had has just still fairly at establishments. little normal refinance about up versus year net pre-pandemic. nine gone think compared more dropped going by overdraft maybe So $XXX,XXX gains the normal also and Overdraft two pretty card had the That some Rates third of
was obviously, XX% year quarter year. quarter in rest that reoccur quarter the to last that. third $X.X This the XXXX year million third probably ago to bonus did probably bit did in the COVID-XX. have, we with and related in of the you kind that of activities where period tax this paid and same tax the for expense prior by XX% the level efficiency that ended credit $XX.X to decreased compare up loan wrap rate taxes. the impacts different $XXX,XXX we year this a tax that this It and employee some next that of exempt. state, then a was compared And from a to million The into it So is not the under year the just rate XXXX ongoing XXXX. move those municipal this are a states are we the response primarily we less our be some Income the around in for costs to and The $XXX,XXX quarter the XX.X% salary is XX.XX% each There year, year. employees our In was is variety benefits than tax rates. decrease for have bonus XX effective year non-interest in operate somewhere period, special I'll, September activities that income The of to impacted through by in about this we of we of expect an in compared in of income of exempt, when quarter. of that has also tax little XXXX. ratio that to the third was beginning driven and our XX.XX% quarter. occurred to going as lot of quarter XX% just of,
of the that into mix some that our overall have. plays tax so we And with rate
at let entertain So that once remind concludes And to have. me the remarks time, again we'll how our for the on questions. ask in that attendees this I operator questions. to And queue
