hit key of Matt financial but to share the Greg. some wanted I details. few already, items Thanks, a
increase interest portfolios and prior from the FHLB contributor linked margin of Looking by The margin savings of on net compression X.XX% XX X.XX% amortization of and all primary of CDE points at basis basis this the linked in by cost last borrowings. to quarter's basis led points, deposits paid on the lower fair quarter At points. points loan the was XX acquired about year's interest X XX -- deposits compared discount of quarter assumed compared to which included XX the specials, quarter the value to end overnight December points quarter, September partially we off offset premium the primarily basis and net of balances. to accretion and
points was cost In only increased basis of the in basis liabilities the period. total, yield-on-average X.XX%. earning XX our same In up comparison, assets XX to points
the [ we over we deposit of percentage than margin near-term have month of seen As deposits. some rates December than already continue net higher the point a the as periods we significant rolling and the quarter the availability following balance the offered, quarter, average. repricing pressure rates. we rates liquidity modestly move inflection interest ] of slowed impact portfolio lower growth for our reduced the margin higher now compression landscape short-term an through lags as in liabilities, monthly more for by impacted expectations as in loan has in net of resulted offered see higher been special to Also, CD asset has being competitive each the have rates our month interest The in which sharp
we that The not that are low should day March re-escalate. count at in comparison margins assets, additional liabilities Looking to small we are repricing spring, coming net in competition our impact could see a pressure. earning to negative continue see quarterly reduced deposit if this income. will our interest quarter optimistic some we point have With our does on
the net we and If start beneficiary a sensitive. the we FOMC trade net cutting resulting if expect income, $XXX,XXX. the some on noise the are yield of we to income quarter interest liability margin loss in would from the had executed, net the those somewhat. year, interest normalize the Lastly, be curve of especially rates slope Noninterest cuts, this with of loss would does
would X% in the September linked to fiscal noninterest year XQ been have compared quarter. ago up as Citizens up almost primarily the period, due this, XX% income to compared Excluding merger to and
result of the fees linked settlement fees and trust loan offset $XX,XXX. income. categories noninterest with increase favor impact increased by of the lower a legals of a bank's several the wealth For total partially quarter, was as in and other was income settled of management This from
expense have Although drag assess we our reduction and more the the line. and compensation addition benefited was fees of up we the about having no Last resulted some will to benefits comparison, of a effect. expenses due adopted compared an bank of had as quarter year-over-year cost March comparison see the quarter, in material we comparisons $XXX,XXX first other associated living on to we FTE. another In quarter, quarter. changes with fiscal by quarter compensation not merger Noninterest from quarterly fee increase expect compared would expense increases to We expense in NSF the the continue ago higher quarter, policy impacting and from charges. take to expense due Citizens, XX.X% that X.X% how offset was increased to in higher mostly with income. That the July and year than annual up larger benefit XXXX, in the for a head merit linked our linked to adjustments items the count to in on quarterly the base
expense in As positioned to indicated we relocated on the occupancy better market. our a personnel Kansas uptick in City slight offices we as last had earnings call,
charge-offs we but merger. still annualized, very points from net did were the to XX Greg real industry related an basis charge-offs uptick half About mentioned, in quarter historical figures. from to As one Citizens the performance by see estate benign, remains these credit for of relationship comparison solid a
in period as the prior credit same the losses line was compared quarter. $X.X the Our $XXX,XXX million year, to quarter in in for and with the provision linked for
XX, XX, XXXX, of an and December at XXX% gross and X.XX% September nonperforming losses at credit for or gross allowance million X.XX% Our as was of the loans, loans nonperforming loans ACL $XX.X $XX.X XXX% loans million compared XXXX, linked of or of of to quarter.
provision of attributable offset increasing The the sheet loan PCL our allowance outstanding, the and a million exposure. was credit the and balances $X.X to credit for of reducing was to draws provision, ACL period a $X the recovery -- This exposure. on-balance by partially current due result off-balance our million balance to available sheet for attributable construction
outlook the environment, overall navigated economic of the challenges last as rate Our the economy assessment the and impacting little was few Despite of slowing margin, changed. over quarters, interest this higher our secondary lower in bank the resulting optimistic Greg, market thoughts? benign beyond earnings closing revise. a and for about originations any loan June in if quarter we overall credit and fees, the margin feel we remain and some
