$X share Thanks, of acquired our deteriorated my related million good Bruce, I the This of and per significantly to referencing afternoon. release, quarter. by comments credits $X.XX during begin the quarter. will provision today includes two earnings per which reported press non-performing that shows expense
from basis a for negatively able by reflecting on Interest unfortunate of and in interest Starting $X.XX. points investment basis quarter positive X.XX% and results points rates. the increased Loan during points deposit with our a basis basis XX to X developments, were X.X%, tax impacted the report X last aspects As by was spite trends this down earnings per deposits points In quarter. share quarter. basis this last yields quarter, increased increased the solid borrowings yields net were on still these cost to also yield X on result, to we quarter, many is quarter. margin, which continued equivalent pressure compared
ratio XX% per of compared compared assets, of accretion, benefited M&A flow total the lower Heartland’s leverage assets, generating ratio down increase about and added earnings related added business from under our to remain last derivatives the the -- our Year-to-date, quarter mortgage to and borrowings basis credit tangible common The the $XXX XX.XX%. This market points down with made changes quarter on points in includes from in investments loan-to-deposit Bruce have efficiency and XXX was last has XX of over X.X% points interest purchase of prior XXX was month positions liquidity equity the we basis ratio increased The this basis cost XX our or $XX cash quarter. million to XX and XX points Retained per accounting ratio points. points investments points basis positive just which quarter, quarter the margin value in to great net and basis was only shape. million at in commented which was XX% year. the of XX.XX%, already X.XX%. trends and this XX quarter in basis of basis metrics.
a couple here related I net to only So charge-offs allowance. add will the and of comments
First, between net which loan of to million taken available-for-sale book sale charge-off the loans, due last million the the value. compared quarter, This and these when we to included their gross charge-offs charge-off. moved than represents Citizens for value were net $X.X $XX.X million higher the million difference to primarily a $X.X we was received loans transaction, $XX.X sales
net XXXX, loans average $XX.X million the or basis XX of charge-offs For full totaled year points outstanding.
of portfolio, charge-offs the the However, loan to to XX excluding points. declines Citizens year the $X.X related million ratio basis during the
X.XX%. Next, X losses, the allowance a as for for loan point which quarter basis percentage increased to of the loans
As over billion and that valuation mentioned we just in recent previous million totaling quarters, or loans reserves PCI $XX $X.X from are covered X.X%. of by have acquisitions
last basis as would X.XX% Excluding than from loans which an ratio loans points lower of in total year the of result these is X allowance-to-loans quarter. end,
was quarter, Now $X.X to million million over Net this moving this statement. I compared non-performing last totaled $X.X million for when increase gain an from income quarter, million the to insurance deferred loan up to income some loan the portfolio. fee the sale Brokerage losses quarter. reduction organic loans operation. reduction was as income flat Loan $XXX.X were quarter, for debit or mentioned insurance last which of the of the realization of and charges, interest the of quarter. The income provision and PrimeWest on commissions revenue the essentially categories quarter. and related million credit prior was Non-interest for growth quarter $X.X $X.X commissions totaled to Other Mortgage were both was $XXX,XXX is this from the increase as down Citizens two primarily increased to $X.X to $XX $XXX,XXX attributable previously the million million credits over last with note mortgage sale legacy compared The strong related down due service $X.X quarter, last to quarter, million of Heartland’s of of and interchange higher cards. of
a $XX.X quarter. Moving from decrease this to million expense expense. was non-interest quarter, $X.X million Total of non-interest last
category, self-insurance $X costs as costs. benefits, Professional quarter. compared $XXX,XXX tax well million fees solar expenses and in cost to compared accrual. a higher to losses which M&A-related for other Core as most costs. up commissions XX% this increases professional By incentive $X.X effective million $X.X reduction lower with is quarter, offset rate the salary to changes company-wide decreased tax This reductions and a $X The is to just accruals compared a by tax specifically, forward. More were a excluding were other and of compared $XX conversion fees million lower $XXX,XXX, quarter We to in offset or related level by quarter significant million, normalized benefits million and and this XX% over quarter, were related non-interest costs million, costs, quarter as gain down to were $X decrease. healthcare and the tax M&A credit M&A to And cost salary $X.X as assets attributed believe solar were tax million that was in $XX were on partially the system-related last loan-related quarter, expenses. reported rate higher quarter that going reasonable annual XX%, last of million, credit in in credits. core M&A is run of last rate and XX% included last mortgage
in these will growth, to our recently to start I the on the my annualized Now announced equivalent The margin a an interest I expected for is loan basis. percentage be Valley exclude the net which with Heartland on XXXX and complete Blue and basis deposit digits mid-single comments, outlook in will higher comments that sold. acquisition. should we summarize company continuing the be basis of on charge-offs yielding purchase the to loans be finance the XXXX pressure accretion, than were just points XX pricing of Provision finance company deposit net the expected and X.XX% loss some X.XX% loans. to loan lower and sale losses range, for accounting from lower are due to expect tax as
newly expect the and million and income on into and level quarterly basis. of the show $X $X will increases range to with rollover fee securities excluding the We per have continue per provision loan to annual is of quarter, that Core acquired loans strong card million growth sales to reflecting expected generally quarter gain current organic upper growth. fluctuations our primarily growth credit customer portfolio corporate in from the is rates, from as we acquired single-digit sell loans
kicks July see changes in $X.X million due mortgage beginning legacy our in only PrimeWest However, business Gain of sale debit reduction and to recent XXXX, Mortgage the when Durban will XXXX. income. card production will we will in in, be quarter a lower per also on in loans reflect
Excluding gains on business, would have mortgage from approximately our XXXX of gain sale loans for the $X.X been legacy million.
XXXX, wind-up back the finance call over lastly, in business Assuming million and expenses the to record changes $XX The of the full $X the expected company result businesses. in of expect of sale gain to Lynn. to be full a seasonal decline expect related consumer significant mortgage to we to X% are to on to and rates a mortgage million activities. no in to PrimeWest is And optimization patterns. million And range X% normal next and of Core finance reflect business rates. of charges from decline change, will the with we that, basis will interest current quarter in restructuring and the run production on I million the the year $X of year branch loans $XX turn range the the sale do the
