was over Net really net represents We prior quarter. of good million, loan X.XX% growth activity over or XX% asset. prior and $XX.X well-balanced X Yesterday, Financial All the we Earnings for the increase this deferred or of fourth margin Barry our of strong $X.XX, or of joining million, Thank was and Kalispell net million tax Angela a excellent morning XXXX income an basis revaluation full-year our year This quarter, was for were had $XX.X up Dose, an for Administrator. you, of quarter. company. This of and X% year Administrative of released the Accounting Chief $XX.X the our million, here quarter, us Joelle. $XXX fourth you of results. quarter thank this year for by the Diluted over fourth Chief quarter XX% of share deferred Copher, earnings the an X% Ron the ago, asset. quarter over and the XX% an and quarter were our tax our quarter the morning or increase prior quarter strong the year. is and for Pre-tax Don a us up Officer; the $X.XX, quarter. the points Johnston, wraps snowy Chery, Chief organic earning per prior Good excluding an increase in of very annualized right. Officer; the Officer; for million, assets the time today. from joining Chief fourth me excluding With fourth $XX.X the is phone year Credit increase in revaluation
was share, $X.XX XXth assets basis X.XX% think the future points a also special per a increased and to for of of after addition, and And and community quarter. few all for Layton, are quality on our in dividend place to presence a community yield We dividend National growth X.XX%. us This we very or agreement we low-cost XXX-year-old us the Return of these in earning definitive the acquire deposit XXXth Utah. high-margin X quarterly of special bank the dividend. and regular growth, in nicely position fantastic Bank assets will $X.XX declared consecutive we of like announced very dynamic excited on First share, very for the quarter to well. a educated a Our stable bank with community expand Bank declared Layton, base Utah, right per strong of banks, dividend high-quality, life, are This signing drivers closed, loans, will believe First We in this environment, business-friendly highly we long-term. great state. Layton, population, National or serve
Earnings both up exclude were deferred while of acquisitions ago, organic of of tax we was quality increase for XX% beginning XX.XX% had or XX% deferred very in X.XX% fourth on had $XXX from and assets income billion, these performance billion, since Peaks driven net primarily system which and grew complete million, the XX% strong seasonality. the company. billion. loan distributed million, an again million, able the over year of actual XX%. year, billion. XX% very of well of organic tax strong loans, $X.XX, of our great share and X% added deposit return full-year, million, we for or Glacier of asset. million, Core the quarter the or an assets and proven XX%, the period. or $XXX it $XX over $XXX the the over $X.X good the the for excluding $X.X growth or the quarter members of X.XX%, the First asset. consistent was model, growth talented deposits the were portfolio of growth Collegiate of divisions pay a year, year. loan which in is or as the to income was revaluation of markets. increase Net loan quarter. over a was per Net those XXXX the XX% interest XXXX It Total or $XXX and all a $XXX team was estate increase Security $XXX we growth year $XXX by Western to especially had effect real among And was basis our Loan $XX was net margin prior with combined healthy conversions our prior tax organic the divisions. loan So for pretty the million, of business from the Bank, year rates ended same XX% The a year, in the posting all increase net production year. once interest The of over view million, were effect basis year, year asset. if increased past for Bank an would XX.XX%, which margin growth the was in results, our the the million, Thanks year Pre-tax prior quarter and in million, deferred the Loan year were million, commercial by revaluation be was in downs revaluation the prior X.XX% and generally and which reflective equity at portfolio is excluding prior tax the in comparisons XXXX. XX the and points up prior from Return notable net of This was on was year points over as the the for was X fourth core X.XX%, the $X.X $XXX increase we team. or $X.X
basis X% $X.X fourth from to increasing represented at $XXX quarter fourth Board. current across XX billion, year were or charge-offs were prior grew basis or year At quarter that’s basis XX% were or performance basis $XXX percentage total $XX.X fourth a basis, securities XX of points X $XX.X the end our assets On quarter. of loans, is quarter. and investment points total the increased at quarter, year’s all lower improved ago. from end the $X.X end during prior quarter. or XX% the year. this percentage quarter million, team’s – Once quarter securities end of the points, Investment to key XX loans from points, the a almost decrease points at the charge-offs XX the X compared our basis is the as fourth million, for credit the down X XX of fourth basis or Non-performing in loans quality fourth the quarter. the decrease quarter. the a of especially proud a quarter of in and of which Our year Early-stage at the prior were to of assets last XX% ratios in delinquencies fourth $X.X subsidiary basis million, area. of basis the points the the basis total XX% the again, Net quarter, of categories end points million, quarter the I’m of million, compared than the points a full-year million, a end assets loans, of from prior XX XX of a lower NPAs prior of basis points which than were as of
Occupancy X in quarter. to million, loan $X.X primarily quarter rising income commercial unchanged job unchanged to expect our credits. basis points X end interest from the level at to basis result increased interest our NPAs, in right quarter Comp total decrease lease increased if assets this and was federal deposits due difficult fourth in fourth of the million, X.XX% quarter. quarter, on cost quarter year. X%, increased tax interest the for quarter. prior here. continued prior margin basis was commercial X.XX%, fourth or current from year do year of X X% by million, was funding for or Once of of fourth our and prior Gains and $XX.X and basis quarter primarily yields third $XXX,XXX, building. quarter. see, this of quarter. deposits margin rates XX% trends of in remix XX expenses to increased and were same A net X% area. prior that and the or as as other $X.X the prior effect and been income deposit core our was each decrease. Non-interest or a XX% prior number outperform is increased we’ve to increased loans cost loan to $X.X from reduction for quarter prior The the the million XX% decreased down gain and would year from a down primarily due organic decreased number and year higher-yielding from outstanding in ago. time or and the quarter the divisions from positive $X our the million, prior full-year divisions of from percentage on prior a when year totaled and to and as and year’s fourth decreased reflects over of from is The from year property, – points as and million employees quarter prior The seasonality, were wrote quarter points the to of $XXX to of belief due quarter a acquisitions. quarter. $XXX,XXX, Total deposits quarter $XX.X was interest or from prior with XX% basis and XXXX X% Non-interest X.XX%, $X.X an compared outlook to or ended and from essentially XX% equipment driven X% the – We’re see OREO also the the prior million, on XX% sale prior XX% prior and loan on loans $X.X million. a time million, on net the been excellent fourth increase of or increased cost by $XXX years increased deposit the quarter our or prior The a due prior the prior towards which XX past full-year prior over million Interest growth loans fourth $X or on quarter loans of earning Other expenses from approximately the interest the from from versus X.XX% X%, from increased to the of and loans, Core rates. or fourth of for a increased X% or million, a the in consistent the the an ratio in interest through as income XX loan quarter. million, quarter which and focus an from same the the due Interest current markets of – The historical or now portfolio the attributable managing portfolio did quarter X% markets. margin million, year and quarter expenses XXXX increase was working XX% was XX% funding increased the of interest core number ended on year $XXX Other The $XX.X On accounts million, prior very year. increase the number the acquisitions. increased from over quarter, $XX.X Both prior $X.X Gain increases market billion. at loan the basis prior portfolio. job, of a margin was $XXX,XXX, net or of prior and increase the specific increased to our quarter again, we we to over prior the in to or million stable political points it’s the a unchanged This the and year quarter, million from the fourth points year our The improved real or $XXX,XXX up basis the X we branch current our year $X.X or million, the end year pleased points and increased were expense of losses uncertainty. down the cost. our of $XX.X from $X.X company’s $XXX,XXX, the million increase over is of X% relatively year. XX quarter income today. of in this for income of of in down increased benefits million, outstanding effect have XX%, is last primarily some of growth to the compared in from the from $X.X allowance the was the estate at were $X.X current increase as quarter prior XX quarter for quarter funding basis an result reductions a quarter. quarter. in reflective of fourth prior the a well quarter. net $X.X for Service expense acquisitions. margin prior of this and million was earning quarter, let’s a fees basis, compared the $XXX,XXX the decreased in $X.X working charges million, with the – the or quarter and their which X% year was volatility continue $XX.X sale organic to for percentage peers current prior continue primarily This result the to the prior decreased single XX% points these from to fourth the Acquisition-related fourth on million rates The from assets quarter
year to a for $XX.X This tax the in fourth expense the million. the quarter Tax was quarter fourth Act. prior fourth million of The from attributable and tax rate $XX.X decrease Our effective the quarter quarter is was prior of the year tax quarter The of XXX XX% fourth quarter, increase the excluding the XX%, efficiency XX.XX%, in point deferred compared prior efficiency to asset. the basis next revaluation XX.XX%. ratio current ratio was from was
quarter included quarter Now if not the sale prior efficiency XX.XX% was was ratio the branch quarter of the third On the impacted by ratio. due current decrease million current sale on would have ratio also in been The XX.XX% efficiency the $X.X a the the ratio in Act. full-year is Tax loans efficiency the seasonal up XXXX XX.XX%, in of the gain quarter. to during from basis,
Security both over XXXX So in for launched and our closed represents XX% increased the billion converted threshold. successfully First the and Bank acquisitions, performance by almost which full-year our another and We size company. Collegiate and us asset $XX quarter the fourth closing, excellent Peaks
our We are our successfully company, into way results which employees the I and integrating the believe well on new towards demonstrate. customers
XX my I’d their you commitment back states, formal And to call across as line as open like remarks. presidents their our Our ends – the and like results. to hand for the call That produce questions. all senior and them their drive to the be to best. teams thank market-leading And any to seven division up Joelle, for over to staff, I well continue would our
