with net I'll this on fourth I'll just margins. quarter, I and third periods year. Joe, interest a general the mentioned comment you, today. start all that mention versus and quarters just it last the again for Thank about for year last comparisons and thank income the being off this same net interest income you and call
'XX. the to in in liabilities we 'XX, increase increase rates rates again quickly and funds market more assets Fed With than were on in able
us achieved interest in of for we so margin XXXX. peak second and income half net And the
and in of XXXX, impacts numbers. income borrowings, the the the the negative much those to on quarter the $XX.X increasing the and the income million during in fourth quarter by interest rate XXXX. $X.X Net 'XX comparing changes for of some was interest negative all deposit driven million mix Net to XXXX also deposits which types of $XX.X mentioned compared we're due quarter fourth fourth pretty of interest funding $XX.X rates interest million of million to of before. of in 'XX decreased latter to third quarter swaps, we've So part
have about a decrease did QX when of you net income million interest we $X.X So versus compare quarter linked of XXXX. on QX
it the net SOFR remain rates pretty The levels. have impact expected rates in their XX, million. combined at approximately the prime negative and at XX all look negative these the impact rate we Based company's if interest swaps of will say fourth of in income. interest on impact swaps The much quarter So interest had XXXX our swaps interest to that and at is of we interest December on those quarter on to the a be continue current these rate combined all of XX swaps $X.X first of the was $X.X million. negative about
quarter a on in earnings release, income swaps $X.X interest in March the negative had million of as there one that the a in impact the terminate be have noted It's swap impact 'XX. subsequent in XX. to So X will to periods. these million the no quarter, of first of XX, of approximately we negative of fourth $X.X first then of quarter And after impact will expected
The level quarters and in high fourth competition of deposits at the 'XX. company's across third of negatively quarter also company fourth deposits portion by also maturing the and local the impacted than a So current in markets. net of the somewhat was the lower had industry interest rates our income for late time in
those to at throughout interest-bearing at rates at And XXXX, XXXX. either in were reduction time somewhat experienced the left balances sources turn deposit replace those higher-than-normal current that of other be and higher importantly, noninterest-bearing requiring with funding noninterest-bearing company market so throughout a And they funds lastly higher, renewals that checking would us Customer probably checking the then in or company accounts deposits. both in balances are fluctuated rates. and sporadically were
accounts account chosen higher-rate time have rates interest certain deposit customers some for increased, market reallocate accounts. into As checking funds have to types and
the So balances balances. checking about Those or the balances about X.X%, about full point XX.X%. but or not of million company's interest-bearing $XXX noninterest-bearing time $XX million in increased average during year decreased about XXXX, are balances checking and
do quarter of of you look in deposits, XXXX. and the if it million, the noninterest-bearing million was $XX However, quarter average in it fourth of $XXX $X.XX balances was demand fourth the at billion QX
months. stood time of ahead, at XXXX, So deposit to looking XX into year end December as XX within maturities of the were X XX months the they our over the next subsequent
of have maturities a within weighted of weighted to X.XX%. And maturities X maturities million $XXX million XX with X a average we have of $XXX months, X have We currently. a within average $XXX of of of then rate X.XX%. rate with we million average X.XX% rate months, And with to weighted
somewhere now rates, to market year, range place that replacement in those the X% of we January the rates be of So on we're time that going have X.X% deposit in in based or on seeing are we this to generally. think,
little to I'll of margin I'll Joe fourth interest X.XX% XXXX XXXX. X.XX% but bit talk earlier, third here the to X.XX% and a fourth about quarter shift earlier, in mentioned in little to That quarter. of compared deposits. bit quarter and the liquidity compared As just net also was a our that. Joe more over mentioned the then liquidity in
continue end sources, Over of December. to at the the readily and billion $XXX that we of about have bank. funding loan available home So availability $X.X is substantial at liquidity totaling million
unpledged Bank available $XXX a at line so that. have the of also with or Federal need we a We securities Reserve million and look amount should to substantial
deposits total So were billion. XX, $X.X do liquidity. have, think, The At we talk over of December sources about more XXXX, here. a ample we little I'll deposits
balances networks our XX, the center total time services through balances the million, generated about XX, in million. the quarter. X.X% another deposits During decreased months and network fourth generated million brokered about or corporate deposits $XXX checking Total the X% fourth decreased $XX.X $X decreased Interest-bearing Internet about million banking $XX ended checking $XX through the company's X quarter. and $X about decreased about in by or noninterest-bearing decreased million channels deposits and deposits million. decreased Time December
noninterest minute a here about for So income. talk
Our ATM of reasons $X.X total of period. Primary decreased point-of-sale the about in and quarter for quarter quarter million that $X.X fourth 'XX, XX% to compared year the included that about to compared that decreased fourth decline noninterest prior by fees income million. to fourth $XXX,XXX
to are is ago, year continue a in to through and routed of the going transactions us, Some for fees we we reasons some channels now they periods. different those the do of lower were future than have expect being now decrease the which channels that's have
also We a hundred related had card thousand card debit increases that dollars of from processor, some the new the costs finalize we Other old processing made transition during the to certain that things, our would included debit quarter in fourth that couple processor and $XXX,XXX we thousand and as some 'XX. of be transition a income compared of to dollars couple decreased a nonrecurring item. anticipate hundred
we was to lines, which $XXX,XXX service XXXX, the in Those During XXXX. payments did were quarter period. compared some XXXX a related that third-party about of from fees. acquired by and then insufficient the some not finally, to fund overdraft repeated And fourth receive decreased old
to cards overdrawing bit for in We'll cases on continue talk and where about with fees fewer cards, that there. on that We the that, those. a overdrafts -- we to we've that that shifting here. people more has credit debit got seems for and generated little in Noninterest shifted It going some appears usage accounts using are have point-of-sale their it moment expense. transactions of their a see resulting
costs our areas. the less fourth quarter of of operational And expense A you the of time $XX.X defer various little $X.X loan from quarter Salary quarter into normal employee when million bit a and in broken 'XX few in this for increases take you That a over related 'XX we $X.X million to just 'XX, was it is benefits originated compensation up also versus versus of expense a 'XX. at that, and and noninterest merit about we've some and negative portion it. places. reasons the So had fourth to the are million of part of different for so fourth volumes. that lending in increased 'XX look of
we 'XX that $XXX,XXX associates items in in lower then of have awarded we some QX did also have were in major 'XX, involved And one that type item the we've volumes been been about fourth higher Our bonuses versus through. the the and expense significantly the was transition of that software 'XX. going was 'XX. nonrecurring of mentioned expense were of quarter the systems -- And discretionary and in various in that it
for audit, to here expenses related prior And legal year professional will the and we don't did fund expensed $X.X which versus the from go believe system fees is million XXXX engaged some increase lot little than quarter previously rates. additional from that previously the in to that this have add was we A license period, fourth expense the deposit in expenses a in insurance about recurring expense decreased that bit and related increases Additional was announced and $XXX,XXX had year increased ago. was insurance, related quarter really about the That to In training year, we as that of quarter. transition. prior some in support fourth record Net as fourth to expense year XXXX. quarter due fourth year implementation of and fees core to In not into 'XX. We've 'XX quarter. we of lastly, be XXXX. we've conversion occupancy lower then to did so XXXX, are FDIC a $XXX,XXX that that other we then fourth professional in the that $XXX,XXX costs $XXX,XXX about it support quarter the a of consultants that result noted computer that, prior to increased some the
expense noninterest a portfolio, loan the of bit then little quarter 'XX three for that portfolio. for quarter provision fourth and income a for on the for increases fourth provision ratio and ended of a million, the a XX, compared we December the in to XXXX the in expenses quarter quarter to That million $X outstanding 'XX, also on for a months the And fourth XXXX. recorded unfunded $X.X XXXX. commitments the of negative ended of credit of the to of loan That increase report in negative was to compares the for the XX, in the to months that mainly funded same compared X net XXXX. XX.X% a X.XX%. losses for is expense December did interest reduction $XXX,XXX Provision provision related provision in We of also efficiency losses. as so $XXX,XXX And in income So well. ratio due decrease
$XXX,XXX, the to net Our charge-offs compared relationships had that in XXXX. long-term of that are charge-offs relationships fourth period quarter the quarter I'll of was 'XX time. fourth fourth taxes. credit those for X lastly, losses for of little of a primarily were in that we've end current And to as $XXX,XXX quite And X.XX%. end some of the allowance income the the the about total loans At percentage talk bit a quarter, related
quarter XX.X%. for of ‘XX fourth the So effective the it rate XX.X% 'XX, fourth our of quarter tax for was was
the credits just bit XX.X% affect constantly and to a and tax also to tax in expense the so the in time XX.X% do and of year, evolve. That effective for probably some have rate and credit going of was 'XX effective more XXXX tax We those can effective and from be tax-exempt XXXX. loans, continue utilization rate going full can our some income reviewing is depending probably which little forward, rate tax the vary is tax really overall level rate. going time. reduced XX.X%. indicative was effective to the to think estimates company's investments the forward XX.X% items that something range that We state which on for We're tax For and tax
those concludes to operator we again prepared questions. queue items and how our the wanted so I And far on entertain that remarks we'll discuss, are the So At questions. our time, to for that today. the to attendees remind this once call in ask I'll
