or everyone. excited Marty. tenure about front at that everyone we us good the you, afternoon, opportunities months Institutions, more Good About could have X I morning, into Financial in be Thank my this of not at company. here
excellent Central an Marty the and Klotzbach have Bill company's managers well-positioned relationships, meaningfully finance businesses accounting team, Western producers We assembled predecessor have among and the At my who same are the particularly, which of size New to together. number York. put across relationship and time, Kevin and grow and
of results. quarter XXXX first to Turning
loans. linked and loan X.XX% interest quarter, the million in in reduced balances was provide growth the asset newly our $XXX,XXX more quarter average from quarter comments interest quarter. net for a on originated Margin by margin. the in linked XXXX. points up income net items on with $XXX,XXX higher expansion than Two income driven comparison the NIM X few yields me fourth down along days offsetting $XX.X fewer interest-earning interest by accrual basis a with improvement to Let interest primarily was continued quarter. mix was from of current Net the approximately
points average interest-earning in quarter. Our fourth in points quarter, in was up first fourth interest-earning quarter. yield assets the X quarter basis up X.XX% The average the yield the The on first assets quarter, the was the X.XX% from XX quarter. points loans X on average the basis fourth up basis from was X.XX% from yield on
funds in in with real points points, X.X% that by lower a noteworthy growth largely in seasonally banks, was average offset first sized fourth commercial and a average had from residential we X.X% the quarter the end, fourth the X.X% in as XX public It Loan Consumer below X.X% the X% Indirect similarly decrease in growth to of from decrease Our is level of for X a cost compared estate, loans. quarter of and was growth up quarter. deposits though commercial basis mortgage basis business XXXX. year
seasonal today. million, charge-offs first we're for growth this in will of the the charge-offs, quarter reflects Provision $X.X to As quarter loans low strength intensifying in growth in indirect based softness, profitability was fourth and quality, reflecting believe on the have place of team the the of producers category related of quarter. revert the portfolio. with loan originations first pipeline and and million commercial of slower was XXXX, reflecting growth Marty on remainder Provision in three we to $X.X higher new decrease in high-single-digit focus business at loan XXXX. year, mentioned, X.X% the the the The our asset credits fourth lending lower of quarter we commercial combined the in
in basis from down we year end, be the consumer income time, and past and less in loan first than losses the the Allowance the total end. trends. was revenues and and quarterly remains loans $X.X linked quarter higher to reflecting the quarter loans, charges end. the expense. million is than decline XXX% than the levels in lower Typical was year first our from total last loans end, $XXX,XXX provided increases expense more industry. seasonal non-performing Non-interest among XX was loan quarter and experienced XX linked Non-interest to Regarding in losses for compensation points non-performing asset in were of in basis were same points business. at at At XX result slightly of This quality, have year-end. $XX.X at of seasonal X.XX% down basis over historically million, line benefits years, levels, Service by promotion at the a was guidance the the levels the loans flat at of low end from lowest level Insurance quarter. quarter, activity quarter, just $X.X than highest call. continued representing the of compared lower for card low million, to points up of our to quarter was this with allowance offset seasonality quarter advertising fourth relatively X in XXX% income consistent in is
are plans full remainder unchanged. promotions advertising branding Accordingly, year of will our the are quarterly the for for timing when XXXX XXXX non-interest expenses and Our expense quarter-to-quarter. of unchanged, but is and vary incurred guidance marketing
$XX.X expect compensation, as marketing healthcare of key to variability of outlook million $XX.X Other and range reflecting a costs. timing incentive our continue per unchanged remain quarter XXXX We of the with for to well. current million areas
mid-single-digit continue non-public We to in deposits. plan growth for
interest X.XX% X.XX%. full within to expect to net of margin continue We a range year
project for year. full the continue growth to income mid-single-digit in non-interest We
continue will a anticipate ratio within year. range full our the for that be We efficiency XX% of to XX% to
assets. to $XXX XXXX converting to And a tax to of continue million within XX% XX%. million we an to into lastly, of XX% to loans with for between expect XX% also anticipate at securities rate of continue total bringing XXXX, $XXX line our peers and effective range a We level us in in
loan total indirect – expect in growth project expected decrease of Consumer differs strong a commercial expected Indirect residential loan currently mid the include adjustment from Our full quarter. expected of previous one in the high-single-digit will loan to production. portfolio for by Indirect our a growth our -- loan current growth does the Consumer to XXXX. mid and guidance high-single-digit to year-end, with in due production. loans of single to loan to We outlook XX% of portfolio reduction This as total combined XX% portfolio lower loan from that We result the year now last
core healthy sheet return XXXX, delivered And line Financial first We of the today, is we strong experience. for normal In our our expect for balance profitability. provision to levels very see balance to to with enhancement. our quarter historical the in Institutions opportunities as as in operating continue growth,
earning to higher-yielding, securities into assets loans. rotating expect We higher-quality continue from interest
deposit our turn Marty. durable we now local intend side, liability the On to with call continuing back relationships by focus businesses. discipline, over on consumers to I'll and the pricing maintain
