points loan you, margin growth Thank the believe everyone. of Marty. we as a Good we've indicated low fully and in that we X reported taxable interest held second XXXX, year, second. the NIM true morning, quarter. bottom reached basis, up margin. in of lift the linked a quarter equivalent basis to stability first a net and points At achieved from XXX single-digit We quarter on the for first start in we guided the XXX That basis the on
basis second flows about we've increased modeled up has yields cash of million from million. cash X.XX%. actual what from lighter quarter declined the All Net the the an half for we've replacing were basis first net year, quarter while into portfolio first interest and X%, reinvest been million above interest off come at originations originations. was was with loan expansion asset of able about come income $XXX a yield net the the on than income higher-yielding bit as $X.X overall $XXX flow year, points, half the loans first XXXX. loan X of funds significantly. cost $XX.X million. Year-to-date have Margin Interest-earning is average Through the for This of to originations rolling of not yields of X the points. growth but
sheet. continues portfolio securities on investment our to from overall balance provide flow yield the improve Cash Furthermore, to opportunities
the and securities total Looking million drive year, loan we're out about portfolio, ample opportunity cash of over to expansion. the providing $XXX budgeting second our flow margin half from in
For total continue XX expect more than flow. $X months, in the cash billion to next we
As higher we a deposits in Marty in the cost ongoing outflows higher our along public, rate was due portfolio, seasonal mentioned, quarter reduction our the disintermediation while in experience linked to CDs, into time deposits in largely environment. decline with municipal continue brokered to
total broker XX%. occurred funds magnitude which were FOMC quarter, We deposit periods. beta of the XXXX in And and in down our short-term increases of of a able that to deposits relative reduce have between overall and we late cycle-to-date our cost at borrowings to first experienced rate brought the portfolio, XXXX, looking
portfolio of the of Excluding XX%. the deposit deposits, had non-maturity time beta cost a
the XXXX. totaled quarter, $XX of a million modeling, a quarter Given subsidiary funds as FOMC transaction. insurance expect internal cost million trajectory on and expectations to in related to on linked-quarter the income our throughout the gain million Noninterest we sale $XX.X reported of continue up to $XX.X in flow basis we current first
income the insurance quarter in was areas results Excluding on as of The several $XX.X for second partially X. in the only all quarter-over-quarter operations agency, offset the revenue. this which of million April insurance increases exclude gain, $XXX,XXX down sold noninterest was decline
with resulted of historic second compared component $XXX,XXX to service the in gain We into first in the the linked in $XXX,XXX a that placed investment net quarter. York the State net New refundable loss credit a tax quarter
projects large With majority of and committed the service.
more of second be and doubled increased to Income linked limited back-to-back fees from $XXX,XXX, We through credits. activity increased the capacity than quarter investments, performance the from additional quarter. partnerships favorable and the investments expect swap it meaningful of we tax by driven will swap due $XXX,XXX in quarters before have underlying several
the million in $XX to the was quarter assets from Noninterest million period. $XX branch wealth quarter. $X firm $XXX,XXX Courier overall the under XXXX in in offering, wealth with $X.X X.X% expense our in with trends our primary the first up the combined a market Positive in management driver along quarter, compared were in second the totaled this management, second or Revenue retail growth. billion Capital, million of linked of delivered
event-related both to fraud relative Excluding lower our of primarily result $X.X from costs lower million lower This seasonality occupancy as subsidiary expenses and expenses snowplowing and expense markets to benefits declined services salaries due expenses. or a periods, sale, professional due equipment April employee charges, insurance X in to and our was X.X%. noninterest
We second first recorded in quarter of of compared of the XXXX for in $X.X the million provision a credit benefit losses $X quarter. a million to
in As look-back in the of over nature, of qualitative the and delinquencies a XXXX. quantitative since delinquencies period corresponding a the reminder, indirect to are model impact our factor range purely portfolio
the qualitative saw factor in the and XXXX improvement year-end March quarter indirect and XXXX, which drove we release. to XX, recall considerable a delinquencies reduction XXXX reserve contributed in between first You'll
a indirect an at annualized portfolio. XX As the net this reduction second indicator in leading just charge-offs quarter delinquencies basis loans saw charge-offs, notable are points in XXXX, $XXX,XXX we of of a average or of in
delinquencies ticked they remain a period, second year-end. contributing While in the at to reserve our less in up were than indirect bit recent quarter, XX% build the they where
guided overall tax our expect range. $X.X annual quarter, Income rate charge-off continue of XX%. was the expense to million We effective follow in tax representing an within
tangible common accumulated comprehensive We at of TCE of loan reported Our share XX XX. XX, $XXX,XXX ratio was other about book decrease a X.XX% value from June $XX.XX. per March XXXX, June a $XXX.X at and million
and Excluding the $XX.XX, tangible AOCI common value book respectively. TCE would the ratio been X.XX% share have impact, and per
credit and XX%, investments shared including update call of placed given of XXXX. continue investment income half nature We rate per of a SDN noninterest of to recurring our SDN of expect now we the the XXXX quarter, April first from the quarter effective quality these tax related additional sale. now provide securities more expense to range sale and The second investment with an sale quarter, to to cash impact reflect unchanged, fall the to $X.X high on the in event remains in in million income and losses on the XX% expect the including the guidance flow second million tax We and $XX tax million expense fraud noninterest SDN the to service our return on time in portfolio.
I credit and recent will partnerships the for investor years. to guidance metrics current levels our over investment This of limited noninterest to $X guidance credits and or the the of quarterly million to excludes including assets, $XX and quarter. gains income normalized
historical full basis deposit annualized net remarks on now of interest time, XX previous X%, and margin guidance. turn call That our back this we range my growth XXX between points, year between to and At Marty. updated net concludes loan of points. the guidance within XXX to to and charge-offs of to are I'll our X% also XX maintaining basis prepared
