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XX. Slide to Turning
short-term from Second interest to our on was variable rates. $X.X in million, in quarter last million $XX.X loan million. a due yields. as Average the revenue increased increase and recent fees XX to increase largely quarter, response a Loan $XXX rates Interest point basis reprice in linked $XXX began balances quarter. loan net increased loan increased million interest yields loans to increase
with real Our balance sensitive, estate commercial repricing $XX our Interest million on in loans trading fell we linked a $X.X sheet asset average and is less. commercial majority the reduced as trading billion securities securities our or of quarter. year
sale interest income and commissions. more fees increase trading for for While higher fell sale portfolio quarter, the this point due this than and quarter, on was income increased the in trading $X X on fees investment in linked offset institutional average an due in primarily with a to rates. recognized securities basis available increase Interest million on available yield reinvestment portfolios to the
due in the portfolio. increase for available-for-sale is driver impact linked second investment and to moved the and Average business the billion quarter, sale brokerage during to those of the of trading more the assets the increased earning to $X.X Due rate the used due primary million $XXX quarter become report from During average to expense support basis of securities second average balances to compared noted. trading interest interest-bearing intentional increased last balance The portfolio the held quarter, quarter. fell results. increase in while in timing when basis primarily million in $X.X third decrease we average those XX deposits point portfolio just interest-bearing we the $X.X the for in liabilities, the repositioning sheet points quarter the decreased a billion our this available we $XXX billion. will $X.X million XX apparent that of securities Total related This to investment. transfers, primarily of rate quarter, decline effective
balances remainder benefit repositioned moves our of July, increased topping will Fed on sensitive at billion further the early with trading given expectations in the late declined million. increases increase increased would decreasing the increase bonds. points Excluding XX the with position decreased point million basis $XXX quarter, yield least of of interest XXXX. in quarter. for our yields. Interest-bearing posture beyond or as in movement earning linked the inflation, million loan XX with PPP of impact in interest fourth loans, portfolio a this that quarter our points decline Net $X.X the and basis we interest-bearing loan in throughout and increasing coupon The average current we short-term basis X.XX%, loan the the margin and capture the Fed deposits cash combination balances total noninterest-bearing Average against short-term million. $XXX quarter aggressive significant consistent given With linked as portfolio XX third rates. $XXX increase higher asset then quarter, was was billion, deposits materially we assets billion previous $XXX with which $X.X from decline $X.X to their XX margin continues point expect anticipate If move in basis and the floors a expectations X% in rates
Turning asset-sensitive standard XXXX. approximately Using highlight to X.X% performance up our be XXXX last basis to a a points gradually assuming million. rate $XX over further sheet that during position interest net modeling to expect XX. the or would XX balance We XXX rate hiking Slide revenue environment shift parallel similar increase from our cycle our in months, experienced rising and to
total following XX months, benefit the is $XXX the XX.X% or Over increase million.
talk you provide up, a would our the guidance moment interest XXX that position parallel levels. a XX, liquidity with up curve Slide However, estimates for more see On yield our expected approximately when color specific points can I income. versus about for half very those flatter in net shift I'll be remains basis our strong.
increased balances XX, in XX% an combined impact ratio the at million loan-to-deposit quarter. in decrease from and increase to million loan due deposits of March $XXX to a Our this quarter total this XX% $XXX
meet leaves future sheet loan on-balance customer well significant increasing liquidity to us Our positioned demand.
average regulatory strong strong of once XX.X%, such ratio remains of be position will share shares shares well with repurchasing third price in thresholds. common $XX.XX a price capital during repurchasing Our At XXX,XXX at share we with capital levels, active continue well market. the we current to open per were active above opportunistically the quarter. in as X level, Tier equity With again repurchase, the
Slide XX. to decreased Linked $X total Turning quarter expenses million.
payroll related compensation decreases by seasonal to employee personnel expenses decreased a of that All full a $X.X decline Variable increase million taxes. and is annual quarter decreased compensation These $X.X increases. merit were offset in expense million from $X.X coming expense. benefit due million of expense partially decrease to recognized expense in regular as we
We have successful Non-personnel market, that the a going expense. expense linked expense offset a categories begin half second to but the I'll staffing having present compared increases we quarter, XXXX. the most slight occupancy XX, labor first lower guidance of by On provide in to quarter conditions areas Slide as managing current with market forward. risk continue flat been realize in during tight costs was few
the We total growth with rate. in the performance first double-digit year loan the quarters, solid period-end expect approaching loan seen a point-to-point growth and to second for continue
before modeling in an single-digit items prior We a pressure approximately this Considering versus yield point-to-point net for the expect of our by year-end. should increase short-term of excluding XXXX, on is net expand during And the margin the loan-to-deposit liquidity strong year-over-year, loans grow point a throughout year. noted and Core XXXX. a deposit to with the additional year-end. continued growth we exceed balances given impact expect decline and range in flattening interest upper X% position above reduction X% rates moderate basis of income, XXXX. consistent ratio approximately Considering expected in remainder the accelerated environment XX% with interest core remain XXX PPP curve, to should forward loan with the deposits,
June fact, In our margin was X.X%.
the Total tax maturity Total bringing and a available-for-sale by million quarter to the remainder will We expected flows to current XX% maintain is of held the No year expect seasonality expected X% reinvest to additional to for into million are and of the flat activity, the third during ratio and revenues quarter saw approximately XX% X% we fees to $XXX cash record XX% of percent as XXXX efficiency than our the total transfers anticipated. of banking year. portfolio total are of fee operating mortgage continue expenses results XXXX. to derivative $XXX our end as XXXX, through quarter. Total lower goal near should expense at revenues per of with be remainder remain be securities for year revenues rates. the second pressure to fee below corporate below the
as Our is current X.XX%. a loan reserve combined balances loss percentage of loan
We pace future the will ratio to this at though of increase loan probability resuming migrate continued growth in expect downward, the quarters. provision a current
share continue quarterly I'll repurchases We for call now of the at commentary. range over level the opportunistic dollar expect past Stacy the to upper back quarters. over spent closing to turn the several
