certain and Well, Matt Funke, you, of call the Rocco, earnings our Bancorp. and is This this information refer statements October make you release. cautionary regarding review XXXX, forward-looking to to everyone. afternoon, in We is XX, presented today’s the CFO during Monday, to take release purpose our in statements dated questions. quarterly good The thank data with Missouri Southern call contained press your and may forward-looking and we statement
joining you all quarterly today. thank ended reviewing fiscal the So by The of the release. results for September the us in quarter I’ll is XXXX XXXX first highlighted begin XX, quarter preliminary our earnings year.
the $X.XX is in XXXX and quarter, earned that $X.XX quarter June September $X.XX from linked $X.XX earned current up from up the quarter. we diluted diluted that September the the in We
margin XX which loan and premium first $XXX,XXX interest on acquired on quarter portfolios net of the dollar terms. value in accretion about X.XX%, fair deposits, assumed points from basis amortization was in discount Our about was and included that benefit
on that in nonaccrual. X Additionally, benefit few $XXX,XXX of included interest dollar a had loans collected the terms about basis larger been or previously from as current margin period’s points treated
accretion the period, $X.X or discount resulted million. was our fair X.XX%, margin from of In value year-ago points which XX basis
by was quarter what core X we to margin XXXX then, down points about September quarter. on comparing So see a September the as basis our the XXXX basis
But deposits basis themselves costs XX less at we of is cost increase asset than our increase. is XX our core points by the than of core see up little core fund less which XX points total a yield at of Our basis points. basis deposit in
basis accretion, interest core also. X net and is margin Compared benefit discount down had from points was our X.XX% the linked quarter, points would we this indicate XX when basis margin sequentially of to our
impact X. quarter. multiplying does points a figure as that June interest the quarter a taking and of provides the in annualized net that in by days of margin XX-day by our we And measurement, XX-day to basis the compared figure number quarter, September the However, few lift as quarterly our
count, sequential the So at put the decrease X would we in basis the about core day adjusted margin for points.
as the the income better no was non-core point than average of a basis gains which relevant basis we percentage a X nothing in linked Noninterest on is quarter significance securities There quarter. and year-ago our same XX June of periods items. are AFS basis of improved or assets any from and identified the points points, X as annualized losses that
NSF loan which company; primarily The the and where the brokerage calendar fees, year; revenues management from some the period the charges, took contributor sources sales valuation are and for improvement collected. deposit commissions, are at our loan late in gains and largest Compared June market the wealth on we card which and card new later was the is linked deposit bank revenue charge charges; hit service changes service collections. late XX, largest by and debit as seasonal XXXX servicing to followed revenue insurance secondary charges on yearend; fiscal period we of moved at revenue, in year-ago
a sheet in ago, a as a at quarter a higher is small recovery year compared year quarter. expense, credit $XXX,XXX period. provision the $XXX,XXX in bit acquisition and expense quarter X.X% as Noninterest was compared to a and year compared up And same charge of quarter none in $XXX,XXX this large than ago, amortization to deposit year recognized a intangible off-balance up In XX.X% that Core included ago we the $XX,XXX. linked the we’ve quarter. same ago relatively to a for with the exposure, current mergers same
In smaller quarter, we a the $XX,XXX. on linked item, that recovery had
expense a you and But As to assets, intangible down basis points a and acquisition quarter we calculate exposure, and quarter amortization year as same quarter that up the expense June provision at exclude X the ago, mergers the other and compared from X.XX%. noninterest X unchanged points noninterest year for ago. if off-balance-sheet is from for our basis expenses, points and down of nonrecurring basis percentage linked quarter average the credit is operating a X September linked
this pre-tax rate linked tax in ago, Our income bit our was effective XX.X%. quarter, effective as tax A year outpaced XX.X% higher a was advantaged quarter at investments. growth rate
couple as in the our the of consistent fiscal quarter corporate we that year-over-year our for note XX June law until a changes We’re for first to have fiscal for the full impact first tax the of tax years, happy results yearend delayed XXXX. of purposes time comparison had
we Growth normal On than in loan this the $XX June up X increased last is decrease the over the are million this XX% seasonal less gross consistent loans our with having a million, $XX bit quarter balance is months first year. than as the expectations. running X but over calendar feel quarters. sheet, X prior in the year that growth impact months recent the was seeing in of first September calendar less of grown the about quarter, And after we
Total increased quarter, opportunities been to work assets membership active than exclusive put loan slightly still little Home quarter to prior less of XX we portfolio X%. Over September the been securities Loan investment stock. in balances, attributable loans, about acquired excited securities gross months, loan has grown and since Federal $XX the funds to more in end, We’ve a the so million the about Banks haven’t there. last
year or in draw year, notable capital deposit funds in they of the as typically larger decrease the which portfolio. time $XX quarter, public to with an as deposits some for one into improvements, included in borrowings the but this from overnight were we this Deposits utilizing combined particularly decision brokered September grow were outflows, our at to unit resulted which down million allow see overall
appetite in the for We’ve reduced inverted yield seen a as the has curve premium deposits, or time term available. reduction deposit
acquisitions available us So time see while Exclusive XX%, competitors almost are funding sense sources. are doesn’t isolated funding deposits months, up our continue non-maturity more we do little the X%. than pricing to up and XX of over balances that offering brokered last given a make for
in FHLB including borrowings the $XX earlier. primarily a in funding FHLB million September million. and about in advances the brokered were year the Compared after The end. reduced to year quarter unit to at quarter at up we deposit public ago, growth had current noted outflows, down and and million quarter in increase loan earlier notably $XXX attributable calendar them they’re was total are $XX the
funding yearend. overnight an deposit this reduction we stand or at $X to at a as were the to of see has been loan loan XX, September $XX million down this towards majority million calendar at by X/X inflows time, modest XXXX. on taken in as nonperforming pleased move We The and quarter, growth, basis expect we balances
NPLs prior XX to assets as up represent are million, as a at as to $XX.X almost And X.XX% June Nonperforming and one X.XX% which NPLs end of at year compared NPAs year X.XX% dollar from September total X.XX% terms. the at and from end assets, at percentage X.X%, total much the were down XX from at quarter ago, in X.XX% as a as loans, percentage down ago. Gideon was a quarter of prior end acquisition. quarter last down the
progress loan to team and hope delinquent bank’s continued we nonperforming coming improvement has The credit, continued to management our asset figures and credit make in with see classified in and periods.
With And XX to remained annualized, stronger, $XXX,XXX but credits, September unchanged when to year months. X in $XXX,XXX which it’s down better last slightly we provisioned growth previously specific was set our compared over the September $XXX,XXX in that’s basis We year growth, quarter Net aside. point ago. resolved quarter. some as a from provision the loan a had had the loan linked points allowances ago, at the X basis charge-offs increased quarter problem
Provision expense periods. loans linked and XX is basis the of current, and in respectively, a points year-ago as average XX percent XX,
XX look net charge-offs on at and figures basis points. trailing have last basis provision you a our average charge-offs X average of points to our X points. at and ago, points, XX been loans a of measures at over to X are year those basis XX-month those quarters the A basis basis, loans If is would provision
was X.XX% gross acquisition, at to a as our basis X at of year the June September compared the allowance The on loans points Gideon September gross up XX. ago, was before to percentage X.XX% loans. as A X.XX% XX at XX, allowance
time value an compared Our and period, unless are of acquisition, hold to against subject to most recent acquired not is to over subsequent in the portfolio to quarters and is our a percentage our explain year-ago allowance increasing, that reason impairment, the to do the it we decreasing. subject allowance an them, subject decrease of while accounting the has in identify that also allowance been at has percentage we adjustments that explains the allowance percentage growing terms the been holding has loans been fair marks of loan as purchase helps
the will at X, the company on have credit implementation of July for to this impact of allowance effective work not new towards expected our estimates standard accounting continue current be We loss time. developed which we XXXX, the but
time, That CEO. And Greg concludes my I’ll prepared this introduce at remarks. our Steffens,
