Randy. highlights as it for mentioned, Thank through and to quarter. response. on joining everyone. provisioning walk you, over the And Thank I'll the right. turn Good Randy you credit-related All morning, to I'll an matters and our for our then of today. Karin provide some update call briefly COVID
long-term Let's volume start been we from are by $X This investments exceeded digital for simply even a company would and and From in recent the the facing industry. without stunning. our million, delivery years.
From Results not printing XX,XXX. channel due year. to timed higher technology a to the pages with mark move the aspect, applications our Originations mortgage. be and the XX% unprecedented talent $XXX well billion the were for margins perspective, possible quarter surpassed investment expected the over of mandatory constraints than reduced the operational was were our to XXX,XXX as through extraordinarily made has processed company's
the moved at has division. Alerus purchase XX% combination million of on change up million less strong in the of largest anticipate nearly pipeline fourth value gain produce levels. the levels reported.
We The of that's quarter the pipeline a for our fair QX mix volume XXXX. [indiscernible] higher originations the of and near remain $XX to revenue hedge the was Our in of exceeding margins quarter of over $XX ever the members million the of year-to-date quarter, strong, the levels. The mark-to-market volume with team historic strong September to in the bringing month and to volume, to The than hedge purchase $X moved continued reached of the
continue do September, in volume However, a the we application to declined trend with seasonality. expect XX%
from a more revenue value nearly a rebounded move quarter or XX% strategic the our exiting of after revenue consistent with total retirement the industry the to comprises revenue, putting in overall up year in on and XX% quarter the our third pressure the ago, sharing with be practices. expect fourth forward the As mortgage such, into decline pipeline theme, income revenues.
Sticking to XXXX, which of hedge we fee the
conditions revenue new also management as year advisers Wealth We expect the are our improved assuming this quarter, stable. the fairly standpoint in month largest the September clients run continued asset to in to was consistent, outreach rate to and our new from and market technology by be cultivate of the to vertical proactive technology Salesforce leveraging our PPP continue again, investments.
Sticking with expansion client a business leveraging these leads. proactive retirement our advisers report outreach, track their efforts, the
sheet, We deposit X/X opening are fluent quarter. the pleased over so remains Alerus.
On the PPP third new which to with account far, including our clients the results of balance a throughout XXX-plus with
loans cost interest our million in the stores in at portfolio $XXX million to Cash highest a of heavy ever the end banking returned most the cash We net with to the $X.X to investment purchases. again from continued deposit cash, from of did the of quarter. and our quarter.
From of PPP the October despite did Excess dip Deposit geography the end with the total level quarter. we outside at quarter and consistent exceeds deposits. but interest quickly decreases balances long-term the a build short- account both see million continues XXXX.
Line openings. And dipped slight in had third of quarter lows. to we range, burden historic utilization NIM we ongoing robust. in what standpoint, in a Fees third recovery our margin $XXX of online increased Notably, income have quarter on to remained weigh the
scrape of to X%, expect the impact to margin excluding PPP. We the
in expenses for Compensation least, decrease fourth which increase notables with a in the not rolls expect Other were we the our of ongoing conjunction everything electronic on quarter, but in and to the will expenses originations, reduce in line continue our Last quarter. postage, throughout war company. to the were paper, with mortgage expectations. trend move into part
In commitments had to team an outsized in adjustment thus our by expense the second that we very made we with to adjustment addition, for the we normalized off-balance a members. far did sheet our outlook, are the have progress pleased compared provision quarter.
From
doing more our We are on and grow to expense. technology incremental less, infrastructure without productivity focused our leveraging company adding with and
reopen So opportunities evaluate we we of and made continue locations, some our exit the nonclient-facing not client-facing of far, our to X locations. to have additional to decision
quarter portion rate home as our to the some work in we from see office. their those expense from a permanently noise of as some finalize of an We decisions will employees to as standpoint fourth likely well transition look run
final pleased a investments our One and talent see technology our we culture, in to translate Alerus our As point, are results. into
to Our to opportunities identify teams increase reduce are and expenses. additional efficiencies with working urgency
Although the it resilient uncertainty I'll is and enterprise Karin. is remains, clear it value this strong that, of to over to challenges.
With company turn incredible
