and Kevin, everyone. good Thanks, morning,
As I'll the quarter begin financial results, comparisons with I XXXX. walk And otherwise our the noted, period all our income through prior be will of unless with fourth of statement.
income slight to those the X accretion increased quarter. assets. was portfolios a fewer early million quarter, the right days accretion in of in $XXX,XXX in due deals the X.X% this interest reported quarter, the prior increase should second interest now, the from decreased to in net than previously portfolios margin per $XXX,XXX, scheduled in accretion basis, income earning million interest process quarter. to million primarily last Total We're quarter. payoffs in which closed. a quarter of On of decline modest charged-off to this Our marking was net this a of a was scheduled just $X.X in was accrual should acquired as and same two Included we quarter. this at recoveries $X $X.X related the X.XX% last first approximately which quarter, quarter. increase from fourth interest the result excluding two quarter, income run accretion the was which Included less slight on net basis average our Current points
an points securities. which earning excluding basis net from of X.XX% recoveries in loan point driven December, in up being investment in saw XX yield assets, in With drove net operating in our impact in new operating point X.XX%. accretion, loan X interest and remains portfolio the driven a we average recoveries our increases in points our both on yield quarter which expansion our a The margin our The interest increase full-quarter of interest our loan years. to by yield the basis. benefit and portfolio average portfolio the of the offset cost operating basis the margin work yields increase to money at X funds. is accretion, basis in earning loan The increase the basis a rate XX on loan the by to our duration basis X.XX%. repricing yields impact asset around about again of the increase in points increased X.X to putting was on and XX Excluding interest at yields X% and We're increased investment short our our
deposit we're to forward, raise our pressure no rates. Going seeing
We regard. steady expect As of we been pricing, on is times, there And we loan many our margin in to stay heading fairly quarter. while into hold disciplined. that stated we've our would markets second pressure the ahead
to softness other were as services able revenue areas. increase than to of payment non-interest We we we in seasonal see saw offset Moving growth to more income. our $XX.X million $XXX,XXX in with quarter-over-quarter an the
stronger wealth XX% under to from quarter, revenues of client which our attributable approximately fee-based. a increased as assets with expanding on was prior coupled Our markets are financial primarily management relationship management focus $XXX,XXX continued the
quarter. $X.X first of at at end stand management under the Assets the billion
were a quarter. it income our prior revenue, in with the delayed particularly just fee home about buying respect other the season. as the expected lines harsh our of came of With mortgage in relatively markets to start that All our winter typical consistent spring despite
refinancing, mortgage see continue production for accounted in demand XX% We first for quarter. the just which lower of to our
market to constraints. continues Looking overall our in be footprint ahead, housing the inventory by challenged
area mortgage pressure mentioned specifically including offering which also construction expanding earlier, seeing ease digital platform volume, This, year. and product of with market. positively the within help However, impact should We're the strong construction launch we are the Kevin this along should the that products our our levels. for more lower rates later designed the production set in mortgage
Moving related to noninterest million expenses in incurred acquisition We expense. this quarter. $X.X
million. Excluding $X both lower due expense the decreased severance these In in facility integration the $XXX,XXX. quarter, resulting to $XXX,XXX This the non-interest reductions periods, and acquisition one-time under temporary as related was of have by costs a and wages, hiring completed unrelated and process. first about from primarily expenses we of staffing at maintenance just the cost to our salaries about INB we to did
Idaho Bank fourth expense as quarters, will $XX full the asset already has benefit these our see with First Independent slight million assets the the our in increases across quarter, the a pre third to the trends, third and and noninterest middle related reminder, a quarter. as ahead, non-performing the on quarter. to loan Community I'll and will quality. of cost we second of this right Generally, saw deposit the our saves, discussed Kevin quarter stable By expect until savings loans. on we not portfolio acquisitions to so include and we criticized around level expenses expenses move out trends just Looking out
or due quarter. charge-off increased by $X.X result non-performing our non-accrual resolution to commercial $X.X points and and bucket, loan annualized basis. were a million elevated prior while other consumer due XX other through the charge-down million, million, a primarily Consumer was the average primarily quarter basis real million increase increase in charge-offs million indirect long-term to $X.X a our We quarter-over-quarter higher quarter, The to transferred real loan by loan $X.X to the an of an classified charge-offs of of estate the decreased charge-offs home during loans $X.X charge-offs. loan equity million compared and of net Within foreclosure. loans $X.X this on estate asset the had
consumer with rates points quarter in charge-offs down. provision and of basis expense, expect don't XX the We Excluding in ago. X two-year higher at by is at charge-offs the year primarily pace, line at consumer year-end end as $X.X versus were at first XX average. points, delinquencies continue points these We are this the the a to recorded historical our trending delinquency basis which XX items, charge-offs million consumer of were was points which basis level driven in quarter. basis the Consumer
Our points our loans coverage loan of point just losses of basis allowance to for increased basis declined non-performing X while total loans, XXX%. XX
back And loan combination call on that consideration, the discount loans the to know, acquired does you XXX% total turn the represents loans. As I'll remaining the but the into over the portfolios allowance with not acquired Kevin. take with of allowance of
