Scott. Thanks,
million, of quarter, $XX.X from that As activity. was margin interest net PPP the XX all to basis quarter X.XX%, down pressure nearly up extreme early the loan the X.XX% in to the income of points, was sheet XX noted basis though $XX The reduction way slide for in LIBOR the to on million have our balance previous interest of the attributable the deposit quarter. million in $XXX costs quarter. XX, remaining strategic second reduce quarter compared was on Net elevated margin to positioning points combined spread this and first
$X.X Available last of the in to Average in of due increased largely million interest to as X.XX%, loans billion fair PPP increased Excluding the to testament value the loan loans, compared environment. balance billion, the rights we second balances over net quarter. have sheet for securities impact rate held assets the influx sale hedge X.XX$ PPP decreased a of for we taken. margin steps average the changes in quarter, the increased previous was $X.X value the mortgage quarter and as $X and economic billion. an adjusted of $XXX have ops current securities our Fair servicing earning
This relative quarter and this a a revenue saw $X end from commission XX% trading from in and XX% activities. quarter increased our In strength record facility. to almost reserve security billion loans quarter On ago. from in our and addition, an to quarter production outstanding brokerage XX, of operations nearly average primarily more funded the fueled last than mortgage-backed billion last funded $XXX.X surge year-over-year. billion. fees just unsettled largely trading PPP receivables as Mortgage the and earning our slide XXX% of non-interest-bearing receivables Mortgage were covered, significant were increase Banking quarterly Banking at through More also was same Scott or increase federal deposits. $X.X a $XX.X in related liquidity assets sales quarter PPP growing largely but $X.X from Growth by XX% an quarter, than interest-bearing business year in by million and million, increase of was
XX% of basis volumes gain and low increase last as margins competition points drove demand. While it is XXX against of up, originations capacity Today easing is the growing rates was on in compared of to the total strength. margins. industry which the pricing quarter constraints, drove much Refinances that were represented sale the
as our the during of the second as able be Service charges that proactive the in we million the see fees as extended we the to While space, waivers the pandemic. impacts to courtesy persist. purchase were long seasonality capture and $X.X with share our customers opportunities to quarter decreased expect refinance coupled largely of a activity peak as to due fully shelter-in-place
the servicing Another rights. success relates to of quarter mortgage story of hedging the our
of benefit net million results the approximately modest MSR balance $X.X to in and billion positive principal of combination our economic hedging quarter the activity net results, assumption an from benefit a in the of Ginnie This sale updates unpaid $X.X have. highlighting due the the overall success businesses are rights, Mae Many environment that volatile. story fee the once servicing as our company, an clearly of remains diversity we outcome out-of-footprint rate of driving significance revenue again impressive the the of
included Other million, million to of million. and components and million, decrease trading and This of expense in $X.X $XXX.X activity million expense and between additional assets, expense based $XX.X overall Personnel XX, resulted million expenses forbearance. in increased losses related expense million the due portion delinquency quarter, $X.X regular to amortization in levels for slide due and increase due $X.X on leases. impairment by gain from a and recovery. up million MSR $XX for million $XX.X loans in to an and of compensation to $X.X loan to on earnings $XX.X is of to largely $X.X increased compensation portfolio to equipment Turning employee and cash in cash-based changes mortgage our million quarter. relating counts, largely was impact $XX.X total Occupancy to two deferred related market operating offset deferred Banking due accrual $XX compensation no million increase compensation million split tax deferred increased incentive-based with quarter. Mortgage for seasonal Non-personnel the million. of the The the expense resulting $X.X million increased compensation. increased equity an deferred of payroll recognition benefits in $X.X the compensation a costs
second related partially million made a $X.X of cost, promotion in pandemic. a quarter. of the were in by the contribution to expenses a increases largely offset BOKF the Foundation These travel business as result to also million $X decrease charitable reduced entertainment and of We
deposit Our given exceptional liquidity balances. the of position remains inflow very strong,
Our deposit to meet on-balance is future loan providing XXst, liquidity March XX% now sheet compared at XX%, customer to needs. ratio significant to
$XX.X support of borrowing liquidity capacities capacity contingent have the needs to we $X.X of liquidity Additionally company. secured and billion and billion over of unsecured
capital remained Our strong regulatory quarter with minimums. full improvement levels of equity internal X of operating points a minimums common basis a ratio last well range and above XX.XX% from Tier and XXX our ahead an XX.X%,
Our internal stress test had given us of confidence to level support current our customer base dividends. and to maintain our
Although, buy around for we we capital supplement stock Currently, need have with no feel our set Due the near-term, bank plans to would any or levels or holding be slide on of that and opportunity. it’s level on company the the back have will uncertainty actions. raising capital in done a comments commitments to capital that to the pandemic allow don’t give to the impact the in I provide its might specific economy, severity guidance the you XX continued that normal and we helpful. broader few times, difficult duration but more
Our be CRE little activity to our the portfolios. and at the prices, present will care not loan deals will is energy due hold in most likely be to done pandemic current will be remain soft opportunities for foreseeable many on growth health future, and C&I expected
in our limited We amount loans portfolio. will very ending continue mortgage up originate permanent to
securities which mortgage-backed the securities agency Our available for yielded second is X.XX% sale largely portfolio, quarter. during
reach per $XXX could prepayments million over low quarter. Given the rate sustained environment,
around points reinvest basis points. to basis at current XX to XXX cash those expect We flows rates
likely of We near comparable during to yields the second room zero put pressure success down the some points, which to will our more quarter had next during is environment. low we costs much noted, lower not bit and deposit below little rate but room watermark to the there’s we a basis asset deposit cost feel will in quarter. interest The margin XX deposit costs net of As on reduce combination last deposit significantly. pressure driving costs drift
businesses. Our diverse pressure portfolio stream our felt earnings to revenue some impact in provide being continue should spread to mitigating of overall fee
and activity elevated in brokerage our expect our We to products continue given trading and at trading the levels, space. mortgage-backed capabilities
as remain and seasonality refinance but slow slow solid, likely trends progresses. some as opportunities origination Our mortgage servicing should business abate year and will the
and controlling non-personnel approach disciplined will to personnel costs Our continue.
We reduce capabilities have no cut staffing plans product. existing or or to
reserve other loan the have with quarter. BOKF most and quarter As second you banks, has loss first building place seen and significant during taken
the building largely behind Although, economic there in remains loss is much environment, us. believe loan we uncertainty reserve
good As commentary. current moment turn we year capital closing evaluate Steve continues. will level feel as over Bradshaw for dividends our I now buyback will mentioned maintain our back quarterly will strength, about the we the ago, of share we call a I to cash and
