Question-and-Answer Session
Operator
Thank you. We will now be conducting a question and answer session. (Operator Instructions) Our first question is from the line of Mark Fitzgibbon, Sandler O’Neill. Please go ahead with your question.
Mark Fitzgibbon – Sandler O’Neill & Partners, LP
What’s really driving that is the rate that you are paying radically better than peers or is there something else going on?
Gerry Plush
Hey Mark it’s Gerry, I apologize we did not hear the opening of your question.
Mark Fitzgibbon – Sandler O’Neill & Partners, LP
The question was about money market accounts, Gerry, I was wondering what’s really driving that growth, is it rate, is it a new product, is it something else?
Gerry Plush
Mark, candidly it’s the fact that we are able to drive deposit growth through all five channels. A lot of the growth that you saw in Q3 came in government finance where we seek the primary operating relationship, and we continue to build some volume in the money market accounts as well, but it’s not rate driven.
Mark Fitzgibbon – Sandler O’Neill & Partners, LP
Okay. And then secondly, you guys talked about the early stage delinquency stabilizing, and we've heard that from a lot of companies this quarter. We also heard it last quarter, I guess I’m wondering, the last couple of quarters if everybody’s early stage delinquencies are going down or stabilizing, and yet the greater than 90-day stuff is continuing to increase, is it really a good leading indicator in your mind?
James Smith
We are not going to put it out there as a leading indicator just as a fact pattern [ph], but that's what occurring clearly even though delinquencies are stable there is good portion that's flowing into delinquency and then from delinquency into non-accrual, so you’ve got to trace the entire migrations. We've just put it out there as what it is right now and you noticed that we were careful not to suggest at this point that we could call a turn.
Mark Fitzgibbon – Sandler O’Neill & Partners, LP
The last question I have for you, as I wondered if you could just perhaps share some thoughts with us in terms of margin for the fourth quarter and the provision for the fourth quarter?
Gerry Plush
Yes Mark, this is Gerry. Regarding the margin you known as indicator, we’ve got a couple of levers of positives that will be coming for one round at FHLB advances maturing addition some continuation of the CD downward re-pricing as well as discipline you can really have seen this quarter in and around on the loan side particularly in consumer as well as very strong performance in commercials.
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