Thank you, Scott.
to Turning Slide XX.
Interest due the million, an fees occur was largely First from quarter points also last securities loan million quarter that available-for-sale quarter. decline PPP to interest in which securities decreased trading fell with with on on non-used The offset last fourth increased $X.X portfolio due year. XX as linked linked increased Business as and in yield fees securities levels. each decline fell basis seasonal $XXX the utilization was million an to support line That fees had $X.X revenue effective five $X.X increased linked quarter. quarter tax Average yield was compared interest trading average fee million business. $XXX decline on linked $XXX the due portfolio securities million The the of million trading basis decline benefit quarter fourth net recognition. used to from in sales related quarter quarter. $X.X of million points. $X.X the materially $XXX earning primarily largely our $X.X decline brokerage to of to directly million million, income million higher assets the primarily trading transferable in quarter our credits, in to the our securities loans Average decreased those interest
Net with million. increased million deposits million average loans $XXX Excluding million decrease quarter. the X.XX% balances eight linked up linked points balances Average by $XXX $XXX cash interest previous decrease million driven million. the total $XXX interest-bearing PPP the Interest-bearing quarter loan $XXX in down decreased non-interest-bearing grew from margin $XXX fees. quarter, and was decline with the up quarter materially balances this basis in
from increased yields to loan basis as began interest benefit rates. core points short-term four rising fees, loan Excluding we
cost points. on point. low is available-for-sale Our quarter this margin fell of a saw yields the our interest-bearing believe begin move portfolio quarter, portfolio increased core to basis deposits the XX rates flat short-term for and average higher. at securities loan as our at We We
as higher us XXXX. aggressively Fed Our current poised asset-sensitive throughout the to rates benefit, expect short-term has move to position we
Slide I'll detail briefly asset highlight in we to our levels current discussed last quarter. sensitivity, of Turning XX. which
XX We the Using modeling, that shift last parallel points maintain basis interest a in to from million. XXXX. and environment performance sheet standard hike increase balance gradually X.X% rate approximately XXXX revenue $XX be experienced our continue rate position asset-sensitive to net XXX an rising months, expect over to our up similar cycle a would or during assuming to
income. the months, our the Over about estimates up, is versus flatter the up I'll see moment, I million. net following position basis more would $XXX can XX% half a With XX points be total shift our very in when expected approximately increase a or strong. those liquidity XX, specific interest On guidance yield color curve remains for that for benefit parallel provide XXX forward our levels. Slide talk you
combined December Our from balances total this $XXX to in XX.X% due and $X.X impact billion loan-to-deposit loan XX, a ratio of quarter a deposits decrease increased million at XX% in to the increase this quarter.
increasing sheet on-balance future very to loan us leaves Our significant liquidity well positioned meet demand. customer
remains share Our repurchasing ratio active of we thresholds. per XXX,XXX open again above with equity an capital well such as With repurchase at with a capital opportunistically position common price regulatory were strong once market. $XXX.XX levels, XX.X% of well average in Tier strong the shares X share
fairly by quarter. offset Share-based decreased a were four payroll to quarter foundation it due cash-based group. has expense last performance incentive which to the losses medical flat plan Personnel a Turning for other million. decrease continues expense a resulting due partially to retirement elevated to quarter vesting peer the our $X fourth seasonal total related taxes compensation assumptions offset compensation million gains expense, net personnel in last increase $XX primarily These million quarter. contribution offset expense increase decreases quarters. linked by $XX value with slide costs. expense quarter, Linked is included XX. million, this from Regular decrease and as changes in a benefits decreased to million the costs, our expenses a largely partially down investments, and seasonal incentive expense, decreased in Deferred $XX of in in with levels run decreased million, to employee $X.X net from million and versus decreased in $X.X relative in compensation $X.X compensation
professional million both offset $X key expenses. The expense expense from expect exception growth of XXXX. this few the gained slide the momentum personnel Most We decreased levels in contribution fourth equipment, going pipelines that continue and XX, with in manage continue inflation single-digit and guidance spend both areas was as Loan Non-personnel categories the foundation. point-to-point a quarters. million had quarter $X.X improvement And market utilization, line in costs quarter but with fees for range. which growth upper recruiting in being see that a labor similar we On which the in risk. of for to an the to declines pose provide we remainder to occupancy overall I'll this realize solid loan tight quarter, overall to increased expected. forward, and support of effectively
expect of Deposits our continued by higher year. markets XXXX growth We interest end growth balances. much division. mid-single some in and assumed, regional originally point-to-point declines than we in deposit during digits With from of decline wealth likely could all come expect to our rates the the
just between X%, market year. have years. the end of will to core net on migrate million brokerage and PPP X% differential rates described, mortgage in Based which our should excludes and significant net income interest expect of loan liquidity point into accelerating with available-for-sale remainder deposit deposit the for taking the runoff portfolio curve, even in similar strong. basis of increase interest growth beta However, increase XXX assumptions consideration to position to XXXX expected of securities expected revenue and the the a rate a and remain activities. interest the Modeling rate we margin is negative year-over-year and $XX interest holding guidance has growth The an of flatness by previous our our some forward close the trading flat, two loan modeling cycles, increase the and impact on
rate management fiduciary portion On and our hand, fees. other money the a improves of increasing interest
But say provide diversified that, I dip revenues fee revenues I items. will XXXX. could slightly will our below in the total revenue least fee guidance for uncertainty, XX% of total Given line at for individual market
fee total the relatively expenses and is Given for in maintain related flat XXXX. goal operating drop-off expenses, our to revenues variable
Our current loan balances is of X.XX%. loan loss reserve as a percentage
We very one X.X% expect XXXX to that day the close percentage to by migrate end of CECL levels. towards
for opportunistic repurchases Stacy We within the spent dollar over several expect quarterly share continue I'll call to commentary. turn quarters. the total Kymes past back to now ranges the over closing
