Larry. Thank you,
NIM. margin, I as very on interest those financial protect our net we is focus hard I will items As our start additional results, where discussion third worked to quarter with review will and expand I warranted. some
call, on funding new wholesale on proactively reducing in I net are and on rates in in loan deposits maintaining quarter’s focused production. on our deposits, cost we increase lessen As our actions quarter. discipline These margin more interest pricing on higher gathering last significant our in resulted a core to this order mentioned reliance
that on to quarter recoveries resulted X rates reductions Our reduction cost Also the in the aggressive charged larger-than-normal positively of a points even loan fall. our market quarter. in were yields, on static points. a we the off to during paid X impact of as provided funding this basis continue deposits These the in of for positive maintain our amount rates impacting able overall NIM of improvement the recoveries, during recoveries of repaid accounting previously NIM loans were quarter. interest these After interest was basis still
of the related basis. moving linked our this ex impact interest To NIM acquisitions Stripping the margin summarize NIM basis our parts net improved of reported quarter quarter, improved out basis by impacting net all on a points accretion XX accretion, points. XX by
further of liability-sensitive moderately benefit the in I flat impact true basis the improvement our from by recoveries is balance QX. interest interest modestly mentioned, and core continue X positioned we as improved removing to our just a that see rate down margin environment, points to short-term to margin outsized expect are quarter, to Finally, we sheet well this
not accretion are do created that onetime expect in margin on basis, Therefore, interest margin the to we the fourth a to net quarter. in expect additional level see net improvement QX recoveries points While static a same reoccur we we in QX. this to in of of X basis core do again interest margin, guiding
the Larry as results, income non-interest again, we in our which swap quarter, growth driven the with to record income turning during extremely non-interest by mentioned, fees. Now once pleased was, are our
first over already putting of on $XX swap million. us our income of sale full target $XX government-guaranteed $X X was Our months million well fee in million, and the initial year for loans to of gains the excess
Group Finance Our of solid at the pipeline anticipate we year. fees so we another loans swap quarter of out remains robust, our close as Specialty
Our of quarter. million current million in expectation to the that $X income be for source is $X range fee the fourth this will
earnings but our providing XXXX year-end full that We are XXXX, not to on yet year expect guidance instead for call. do
expense side, improving we efficiency remain the controlling focused expenses and On our on ratio.
our impacted significant were number million While in came a for the expense that of $XX.X reported at number items expenses. quarter, there
second, First, $X property; a driven we million an year-to-date by higher-than-anticipated the an of income $XXX,XXX; recorded additional third, strong post-acquisition fourth, net commission we we $XXX,XXX. OREO we $X.X million recorded fee write-down cost very debt of on had cost and of expense, incurred bonus extinguishment and income; and
million, Excluding in earnings under within the non-interest expense just million million of $XX guidance last quarter’s we provided range to items, on call. $XX $XX these line our came
the year-end between expectation compensation of Looking is will Therefore, $XX expense increased be of ahead fourth technology anticipated our for and the staffing including improvements. non-interest and the spending income, quarter, that level our to million. moderately higher, swap on quarter based anticipate fourth efficiency in fee million some we investments in $XX the and level impact of
Our asset with quarter. NPAs be to in quality the additions to third no continues material excellent,
assets was of to write-down non-performing This million an primarily our due $X $X.X the second property. declined you Our exclude RB&T. million quarter, if by additional from the OREO
quality. excluding basis loss loan improved on provision, Our RB&T, quarter primarily decreased due to linked credit a
the offers I soon written on We reflect very sale, for that as current focused further we have marketing estate conditions considering. property and other order just are possible. down that we in recent large we’re mentioned, market real to as As remain property moving
in came XX.X%. There this Our not effective rate. the rate quarter onetime were impacting at items tax for any
However, income high changed it that our quarter was mix income. due versus fee of slightly to elevated again the non-taxable this taxable
our XX%, be the of including fourth RSA exercises. to We tax of beneficial stock that not the rate will quarter the and range option expect XX% for in impact
regarding I & to Trust. with Bank would observations of up comments my pending the Rockford wrap sale like some
close the we quarter see late benefit of the XXXX. in the transaction mentioned, full will transaction quarter As expect Larry we to of fourth therefore, the the and in first
the interest basis a a our company financial for frees we capital the great improvement point markets increase share. comfortable RB&T, Again, metrics, of of our As result to anticipate immediate basis margin, and sale of our assets point capital this as increase X decision improves in points. From our $X.XX us approximately X in lift an basis makes will go-forward capital tangible improvement value points performance. including book to in net ratio transaction redeploy tangible ROAA, up significantly strengthen efficiency XXX more existing profitability perspective, X basis a ratio per our and tangible for significantly we increase a our it significant XXX as and in in our to in an sense anticipate our common equity a in
up for Operator, question. that, With your questions. for we first the let’s our are ready open call
