Marty. with review both fourth levels. in of of quarter, you, from million everyone. income and the our $X.X down third results. Good quarter XXXX Thank a begin the was XXXX morning financial I’ll Net quarter
The discussed the share million fourth the decreased per quarter of quarter’s quarter XXXX. third was the retirements decrease severance were per increased XXXX, early which $XXX,XXX before was million. and provision $X.XX $X.X $X.X $X.X million $XXX,XXX To driver release, share the taxes impacted press comparisons goodwill exclude or non-recurring this and of the third of negatively impact for $X.XX from losses, As income these quarter of in of XXXX up charge, the loan expense. from or from and the items, impairment by
that sound to XXXX, These basis quarter as which increase low average the points with world quality fourth charge-offs. percentage were loan. storage provision We illustrated in a past $X.X impaired mix collateral non-performing a level and XXth the than September lower because That points we included reduction You quarter X in years. The their will was our by quarter XX three commercial loans the By provision XX historical the of experienced XXXX. points XX assets -- XXXX we XX as our and nature, combination up vary. charge-offs, was margin of factors. our an The level qualitative non-performing The December asset third basis million portfolio. was by of lowest recall, annualized increase third ratio of remains was as our securities quarter, funding associated asset charge-offs lower the basis Net believe as million. that the earning factors. of a and in over was a typical XXXX loans at loans of points primarily to due value improvement quarter, loans that points is X.XX% $X.X factors for quarter total charge-offs of have for as basis in XXst, loans of of December the The basis of continued interest was from ratio driven the XXst XX quarterly the the XXXX. interest improved
the loan rates loans on yields basis assets of well of quarter. yields earning from in interest portfolio. exceeding the The Our of variable XX loan basis in average origination XX points of quarter loans impact increased our new rising average XXX [ph] rate up as the down as yield third as result fourth a was points yield paying
level of benefited XX noteworthy was higher from public is to cost the a deposits It fourth that quarter up deposit average Our to in points, X basis seasonality. third basis funds XXXX. compared normal the quarter a we of public from points quarter of due third as
adjustments billion specialty Investment were third decline interest agency’s and this of was income remaining to $X mentioned down of XXXX. payment also Approximately funds quarter proceeds. primary down progress one $XXX,XXX securities represents of We loans and $XXX.X attributable the from redeploying non-renewables XXXX $XX $X.XX at and the XXXX. portfolio that yearend businesses loss of of of Net maturities, million driver from make of proceeds approximately continue in for was fourth insurance at is the $XXX,XXX into and $XXX to million quarter securities. securities million the quarter a with of than income, loan, million fourth line the because decrease lower end unrealized the Marty sales The of seasonality impact earlier. of portion
impairment areas. $XX.X quarter employee of Salary primarily employee our to up to higher rate tax providing totaled purposes. in now the XXXX in quarter, our a quarters severance up our because some primarily seasonality I and guidance accounts. not deductible few last were third than the the third effective and impacted by expenses income tax the charge of a the outlook provided spend and CFO because insurance that for now service in Officer were lower quarter $XXX,XXX I’ll of related -- commissions services than a Deputy Including to fees fees. equal quarter move fourth First, third search due to goodwill Human from of XXX,XXX new the expenses. commission discussion fourth Professional fourth non-interest non-interest second revenue Resource goodwill charge, The lower third was quarter, quarter The $XXX,XXX quarter like now the be the commercial key new quarter. we in million of Chief Professional to rate negatively And quarter, and moments continue XX.X% the providing third call. the related in and the of expenses. our XXXX -- from was expenses benefits and of retirement is fourth audit annual to for non-cash XX.X% the impairment and expense
commercial our single production driving portfolio residential loan with We and expect high growth. growth digit loan in the total
interest to for We in the to a expect for which non-public rate highly mid-single margin growth production on We quarter overall of XXXX be deposits. digit consistent net consumer X.XX% environment. a X.XX%, production fourth XXXX annualized. anticipate is indirect plan with within range dependent We
quarterly was targeted to in and range mid-single Non-interest increase mid-single We XXXX, expense with $XX.X growth digit low $XX.X to managed expenses million of million. project also in digit non-interest income. with the the
XXXX this impact We XX% XX% would and portion range quarter. range the of securities loans continue in that due We the year. than million mentioned ratio to We of in us $XXX converting I million of our expect timing incentive also XXXX, earlier like XX% redeploy quarterly a provision our And a XXXX for to combination our the $XXX compensation. factors portfolio will expect our second with marketing of of a anticipate variability strategy lower comments. expenses to full because to be to XX% line loan peers costs. assets. effective between $X.X to Health total this a of and million loans that continue rate paid interest loss recognized be to in XX% within to Most in I in a bringing in add -- execution within efficiency of with into for to see the XX%. expenses plan to was into we XXXX will of and typical, for care securities of tax of a lastly, my to level was
to back in Mike. our turn provision now in to We the it expect I’ll to XXXX historical normal experience. return levels line with
