our Good with Michelle. call This Matt XXXX, cautionary your questions. and presented the is forward-looking to dated Thank Missouri contained statement afternoon, forward-looking regarding make We refer we press take Bancorp. CFO in call, in data today's those and Southern the this during earnings The and Funke, to release, review release. you Monday, XX, you, information may everyone. quarterly purpose is certain April statements to our statements of
fiscal expect down the XXX,XXX from added We're and of a of more new income XXX,XXX net interest more Southern this of Marshfield margin and the the So the - that thank accretion, impaired it's material the year AFS additional accretion than quarter don't from than loan the for year the acquisition AFS That's items quarter offsetting joining earnings on Bank year, that while reported basis because We December generally elevated XXX,XXX in an nonrecurring Peoples noted us in in securities $X.XX loans The in down contributing begin the the $X.XX quarter year-ago while In to included acquisitions relatively at for quarter. our acquisition, the points I'll period, to linked compared in discount accretion life because accretion ago income, is total basis the of March earnings a release. quarter from the our to to amount are from XXX,XXX sequentially, of books in up the margin. preliminary today. earned interest quite ago to actually was XX acquired quarter, March particular included December in assets. and year. income includes benefit ago linked linked the the Capaha net net quarter that quarterly year insurance. third release be a accretion the bit Peoples terms results recognized we The but small X quarter in period that and and discount net Capaha discount reported the March acquisition margin. from quarter. the accretion expenses quarter between of from Missouri we expect you, loan the gains of everyone, we respect. December discount impaired in resolution fiscal amounts the added quarter still Capaha resolution bank-owned quarter. interest is for basis March point were prior and by XXX,XXX included $X.XX contribution about had points gain basically, interest M&A discount to from earned expense, the and linked small of and XXXX quarter, fixed XX reviewing diluted quarter that the about to of current component The We on up the March and year which we available-for-sale, We in the highlighted a in diluted and we accounted December nonrecurring M&A This unchanged linked ago. decline from quarter linked a in
March, [X.XX] with year was points our the ago total was our margin discount points basis in [X.XX] basis to quarter again, So of accretion. from third margin XX due in X was discount which, A accretion.
about then, X we margin basis points was on, at year-over-year. would a as basis So look what up core
a adjust quarterly points that of quarter margin March the this the days tend discount figure in results on a margin day basis. and almost earning we X improve our XX was which down simply points, At points, of to by interest accretion, when measurement by the net was but in funds December our multiplying simple see four. X/Xth by was impacts that XX basis we points of quarter If core to our XX same the benefit XX. XX up the our basis. would do yield to accrue for asset few basis indicate have a and linked had we XX [X.XX], actually basis cost quarter, is from we'd have the core Our core quarter, Compared on up basis we in fairly interest our this the because core assets versus margin days time, annualize this interest significantly, expected
loans we that our For most example, portfolio. in residential X-X investment our of portfolio, hold family our
that's how a but the of the days in of So margin. significant not report far as we is analysis margin quarter as number the perfect pretty either, that
gains, securities as So non-interest gain points December as from in ago, point XX Included this quarter. the assets non-recurring the up item, quarter's income, want results from income which points. we out. year average noted we percentage BOLI in a earnings on release. of we're we of assets, same XXX,XXX did basis That's non-interest linked larger In unchanged the we had fixed are of and $XXX,XXX a X gain basis when the to at a reported outside quarter that
compared prepayment fees, loans, and quarter, compared In - Gains in on fees while charges. in ago service some residential quarter charges. decline had benefit typical down NSF December year relative account deposit quarter, primarily the secondary linked sales, performance the up interchange to a we ago, $XXX,XXX a penalties loan a loan good card the year sales to had loan we market, were quarter bank we've servicing the March were to mentioned, the loan quarter service the charges, Additionally, deposit BOLI on income, year period December we've ago. same seasonal on but to seen compared that origination
quarter. we're compared to quarter, the up non-interest M&A compared December quarter year linked is expense current side, up expense ago March XX% almost the as elevated we to the of amount almost XX% expense the saw an On and in a
half up costs, acquisition in That's benefit of those annual the We compensation well out that it December if December exclude recoveries what worth quarter intangible provision from you a credit and mostly quarter. changes as charge this strip off-balance sheet expense, items X.X% quarter's quarter. you expenses the were to to these which recovery in included of it for to on did swings quarters outside compared M&A and in a others with results. If some compared charges the that's Marshfield - as about in exposure, a amortization, to attributable
rate average March provision, as As you expense X.XX%, X intangibles, of and quarter, percent some from total basis right quarter now. non-interest exclude expense calculate XXXX. the in fiscal points in quarter December our operating by ago. increased current that three outlook declining We time and actually we is of in basis provided the charges the pushing sheet call and credit of non-interest the higher XX% end M&A came a assets up points the average XX.X% percentage non-deductible remainder range months just assets, tax effective a before linked XXX,XXX ago, year of for our impact XX% On to spent a year off-balance down fiscal that an we towards corporate the be March expenses, basis this between to tax with the a X talking in the M&A in from at for of lot - XX points but of changes about if this
million and up from million loan fiscal almost $XXX $XXX all and the Capaha of million Compared more XX/XX/XX. down - XX, we headwinds $XXX comment the XX, ag we're draw this vary from usually production over vary. acquisition year-to-date. years. nominal couple At year, million, figure in gross about in accounting just rate. remarks. shown Marshfield on The up growth saw the March at are some moved compared for would compared X.X% his the loan assets we the quarters detail the would last of while balance little to annual loan a we X.X% growth Greg acquisition, growth while influencing and is back the in that had the to Marshfield last with us, acquisition, we up seen to and prepared and Marshfield can are at picked loans a that we're for at at quarter's timing XXXX, million quarter sheet, these lower is payoff we numbers, some of March our year, And loans this a out [XXX] you for On growth over if will December remaining the That's that same in of $XX slower in the can the period. $XX balances Total XXX quarter, have up bit be the time, exclusive seeing down the are those
million that $XXX,XXX several $X.X we XX $X.X deposits downs seasonal or the the XX up portfolios, those $XX However, includes those along ago, in to and is down expect negotiate the release, work annualized million, total earnings down from quarter or had December to funding. a $XXX,XXX Net million at quarter. a points which from of acquisition. noted The on lower that to and year and a fiscal Non-performing by the in noting the down $XXX almost for a at million the allowance point by deposits March down the basis XXX,XXX almost figure XX not renewal the and At at basis a million advances quarters, in and the we from are portfolio public we gross $X.X fiscal in down non-accrual average percentage losses basis annualized relationships basis million quarter, at on loan they from ago. Non-performing higher quarter larger Capaha total basis in basis points down We is and In down a points in a quarter. Deposits seasonality at against gross basis relationships. current see March or concludes up year financial Run-off million the a unchanged up and I'll assets. $XX.X a borrower. including basis million XX, down assets traditional one within was points funding we year. are year-to-date. December at Marshfield time year points basis public down loan remain X.XX% loans property $XX year-to-date. for the quarter the that status units inclusion were as deposits have quarter, FHLB year-to-date, moved than $X.X points in additional longer loans, his loan some the USDA points with has we We XX, provision XXX June both a with quarter gross of to March March accounted the those March could March on the year non-maturity from it's in ago $XXX,XXX, quarter, in the acquired hold prepared were the XX Those brokered to new linked XX Marshfield short outflows on have relationships were $XX term gross basis Marshfield year generally Bank quarter, the NPAs commercial basis in the year end XXX guarantee. my down pay in and loans and value, of the on points at that about exclusive that. our XXXX, annualized, for to so holding almost the the represented basis secured to fiscal of current that account XX adding included from at Greg ago and they were from up traditional portfolios. agricultural between it This That brokered March quarter quarter the result at We're points beginning the multifamily the significant somewhat. a or up total million the of down points reductions were hand as what had fiscal ratio were throughout end a XX continuing by at million, to terms, acquisition, Two The update and acquired to And fiscal points XX, of charge-offs which on quarter unit million and X quarter loans was executed Marshfield results, they $X.X property. the million were Steffens linked and loss March December linked commercial with secured $X one loans loan bit $XX fair ago. over X in in source, generally don't from March for from points quarter, of would the XX in Public Provision charge have restructuring funding are relationship linked the in dollars. compared and that XX XXXX, linked unit provided as of percentage of wholesale September were basis X been assets. a although on relationship the quarter and as XX December but continue the a loans XX. December the where comments. remarks that's December allowance we term two million compared March $X were in this for on March XX loan
