quarter. margin, information year. fees last Net this Thank of as right. And the interest of these million we loans again, compared, some add as deferred XXXX at but was Joe quarter I'll third year. mentioned third said, things has Net quarter for interest interest last just in million in Joe. third we you, second numbers. of mentioned compared All the And third accretion in Joe that’s a start to the income $XX.X little of more for quarter Joe X.XX% try a our for That with was X.XX% said looking that PPP about the net net I'll quarter million, things. income $X income quarter on $X.X in as XXXX interest $XX.X the and few to already increased already, to have $XX.X margin. million. million the
our higher work. funds a lot obviously, significant ago. they ago, a than So interest some a also we've portfolio were to loan That fairly we but year we a result we had grown as where rate our securities, increase said as significantly as being you've well of, has from seen, investment year was and really put from were,
points into from utilized basis quarter, we've two deposits the excess we a we right I income. now had, mentioned, up year and XX about points yield put seen some net our from are basis and equivalents on things the to those loans liquidity, happening our So, of cost increasing XX ago. that And and was cash investments. as average increased The and that interest loans previous-year cash the quarter
being interest As Joe and think before, looking in we've I positive a mentioned, environment. at generally still we're us rising rate before, said for
monitor to to do like risk and things mitigate going start said, some to the down. try turn help And that back position. we are downside continue Joe we will We in around of where win rates
So, we trying look time, do very that seriously make to the there. at best and very, getting all strongly the take balance it right the we're we can, sure very
our about liability We talked somewhat. shifted. that. we We've that months, has nine year, asset our during had mix the shifted the also talked mix During about
we seen that kind upfront and We've as the through, corporate had throughout we've they had a used seen out deposits small we accounts some mix funds of business our check-in also customers time had there funds So more balances of December would funds change through check-in seen seen those down non-time pandemic, and that some the and some operations little bit excess as we that that. knew come in knew out we've lot -- of bit. Few at of we a flow kind funds our would. were came those a that of a XX, XXXX knew we still our of we they've they that of some draw business their those some over for We've XXXX. of more
the of from our transaction XX, Those about type of And have summation we've retail million December or about the have have increased time XXXX. the $XXX of million while then CDs throughout $XXX broker kind beginning increased is, accounts So, some accounts $XXX added that since there. million about deposits. year decreased
of loan we that as little liabilities bit home do in have So from a advances well. utilize and shift the time-to-time bank we
do going may like and got So funding terms, longer, and a those that daily varying bit be of so something do couple we type of up variety use repricing to to that sources try some type we've years some and of are we that to a in very funding. or types use little short be a
sheet third they the everywhere, lower Those sell loans, a you when well. we originations and talk manage year's million Noninterest compared are market. to than side a in I'm So secondary much as all $X.X of before, through things Joe to as quarter. last minute. past. decreased for That will sure do the balance typically year seeing million income. said originations, in I try were this to about loan that we Again, to are fixed-rate even $X variety the about
So slowed on those the has profit sales considerably.
are time rate loans our sheet. of some that hybrid making we're typically fixed ARM a for so variable on are type, and keeping balance become those then period We and
through $X.X about already seen then Joe I’ll of the said some we earlier on those adding the with we for these expense compared that talked existing we've in expense. kind little our of increase terms, quarter, that, quarter. The went have paying in portfolio than some million The talk a but we've about of this the as increases. things. was already, We people more general of -- well. some expense Non-interest Like just replacing information benefits -- salary bigger we about $XX.X Joe the million touched again, some that merit bit. have we we our mentioned noninterest overall employee one-to-four just quarter. increases So some increased again, past employees to year-ago also as people. family increases year's too, in And and are in for maybe and
the to we the conversion other the already year-ago Mentioned year there all in just not then in past. system talked Fiserv, in upfront had, because that difference of really the that costs kind in this about that expenses. quarter. fees with Provision where put along quarter in some three that. for losses, increased the We of from that pay the year. charitable had quarter, things charge-offs third to is that We credit Joe some ended good. is September Net talked we noninterest up income, so that was credit XX.XX% of provision we had of that mainly the increase or made that. conversion that, miscellaneous in has the obviously, charge-offs we've some that go contributions. compared already on year the about mentioned had the related swaps we we quarter The about ratio with $XXX,XXX. account majority mostly some third I'll additional A up to related same losses, contributions on then about we as expense category, the information deposit professional provision fees least the that operating had a year release to versus overdrafts. had where negative we charge-offs. And Again, our Joe by is expenses, months are to interest said, of for commercial And related the also expense earnings the we sort quarter decrease business efficiency net income, development ratio that in And type fraud lot this and talking taxes. XX quarter vast partially couple sorry, that offset XX.XX% at for quarter, of then but to the the -- been third there, prior of or one-off was small was the last offset wrap our And finally, very And in the overdrafts. primarily expenses had and additional the of in net income some primarily $XXX,XXX increased I'm that
compared effective Our quarter. year-ago XX.X% quarter to XX.X% rate the was tax this
and utilize and liability means. continue of of some low-income to through housing things credits those and We and to that tax-exempt help tax our loans, nature also reduce securities tax
We continue that. to do
will at expect continue We kind of same to levels do generally the probably. that
we it will overall vary we going the be to And somewhere between tax in as effective little bit allocate income range, the various that operate. periods that upcoming the states think to to where the and XX.X% a future rate XX.X% depending our and we income is have in the on level of so
to that sourced a generally some be kind play we where are on going range will come that, some depending there in But So, different where into that the things income is think be. we of is from. of
remind at So the prepared. And And all questions. to how concludes I to had you can or that entertain remind in me time, I go back think this remarks our those we queue questions. let to for operator
