details. few already, of the some Thanks, I Greg. share Matt key hit wanted but to a items financial on
accretion Looking fair margin compared portfolios discount quarter included prior basis linked at quarter points points XX to basis this of deposits quarter's December net X.XX% assumed on acquired too. and of the basis premium March of XX XX and interest of the loan points, about year's and amortization on value
what downside, as X items to as as impacted XX-day much December Adjusting view be about core only swing quarter points. a March the margin on a Also, XX-day to quarter margins those would in net compared we with the reported basis points. the for X of basis, interest basis down
by XX in the stated us, interest basis linked and The margin increases to of jump increase X.XX%. September the the points believe But increased primary net deposits as compression increase primarily basis basis we on of to led specials. XX liabilities call, the basis cost points compared contributor the in CD of total, and XX is to In quarter last to savings points. funding cost by compared December behind biggest the quarter X.XX%, XX the points was to quarter cost the of
to due basis the December Part end in on lowering improvement of X towards up of was In yield are only we this our specials quarter. on comparison, average earning rates assets CD quarter. the is points offering
net higher of of which make up quarter. month and mostly CDs, we to deposits, trough the very in up X/X about the in current the it margin adjusted now interest the have have our March. did modestly environment, rate seen we up believe interest move As
here. our going forward, net versus CD some to re-escalate incremental see expansion from at margin we continue interest repricing expect deposit loan does Looking if not competition to
net any continued margin from In in margin at addition, and see higher interest the moving parts from production expansion in new April increase mentioned. benefit interest the have I combination to next we rates quarter, should these the of loan
$XXX,XXX. from loss the trade Noninterest the of some resulting loss with we income in executed, had the noise quarter
to Excluding X the quarter. ago loss the to compared trade, up been linked noninterest period December compared quarters, the X% year as X% the and have up about in last income would
was by sale This was gain fees. the loan and the increase offset of higher For quarter, on from SBA partially loans. other lower management revenues linked wealth a
will continue on we year-over-year we have policy we adopted comparison, Although on changes our of for quarter impacting to a reduction fee July in not to some NSF beginning fees the XXXX linked in fiscal comparisons how a items, due resulting drag the at income. assess of year
merger compared up and Noninterest period prior X.X% expense year was X% compared linked due to ago expenses quarter. down in the quarter the primarily the to to
$X.X the as timing of in noninterest ago in still the year foreclosed period. quarter expenses other current the lower higher ago Excluding were merger cost in year period, saves, as million to about expenses X% well property expenses and in the due
had annual and living to quarter, bank mainly comparison of compensation In due higher to linked cost benefits, and the adjustments. increases merit the
new the as items. increased combination uptick with We expenses and well slight other offices a also as more from miscellaneous associated marketing occupancy in of expenses had expenses
minimal point XX points months, historical which As current annualized to X quarter benign, comparison Greg in for and remains is industry by remain figures. net at credit very the basis the charge-offs and X mentioned, performance trailing solid basis
for as Our Of the $XX.X loan in credit in line Citizen the with portfolio were the which, in same was $XXX,XXX the period the provision prior million also for was $X comparison. quarter in losses million and of linked quarter compared acquired to year.
loans at the quarter. and for as of loans XXX% XXXX, or an compared linked or loans XX, million loans, and allowance ACL March of Our XXX% losses to December XX, X.XX% of XXXX, credit at nonperforming nonperforming X.XX% $XX.X gross of was of million $XX.X
recovery current attributable credit result and credit ACL to on-balance This sheet allowance for a The provision our the available sheet $XXX,XXX reducing period by due construction for in was was to of $X.X in loan exposure. exposure. attributable increasing PCL draws balances to million off-balance outstanding, provision offset of partially the
did factors we outlook of qualitative assessment changed, increased and requirement due economic Our evaluated ACL the was but little have credits. individually to slightly
lower slowing beyond Despite a the feel and environment, and few market loan the some over for resulting originations of margin, overall credit fees, June rate bank challenges higher the the remain quarters, if about overall we earnings last navigated quarter and the and environment. and as in we our economy interest stable interest impacting this opportunistic margin rate secondary in
thoughts? closing any Greg,