acquisition, which was comprised of $266,000 in salaries and employee benefits, $2.0 million in data processing expenses, $369,000 in professional fees and $383,000 in other expenses. Noninterest expense for the second quarter of 2019 included $4.1 million of nonrecurring acquisition-related expenses related to our UFC acquisition, which was comprised of $578,000 in salaries and benefits, $2.7 million in data processing expenses, $535,000 in professional fees and $365,000 in all other expenses. Excluding acquisition-related expenses, noninterest expense for the second quarter of 2020 decreased $382,000, or 2.7%, compared to the previous quarter due primarily to decreases of $191,000 in data processing expenses, $190,000 in salary and employee benefits, $37,000 in occupancy costs and $68,000 in other noninterest expenses, partially offset by an increase of $104,000 in professional fees. Excluding acquisition-related expenses, noninterest expense for the second quarter of 2020 increased $2.9 million, or 27.0%, compared to the second quarter of 2019 reflecting increased costs due to the growth in our operations.
The provision for income taxes increased $33,000 to $1.2 million for the second quarter of 2020, compared to the first quarter of 2020, and increased $108,000 compared to $1.1 million for the second quarter of 2019. The increase in income tax provision in the second quarter of 2020 compared to the prior quarter and the same quarter last year was primarily due to an increase in taxable income between the periods, partially offset by a reduction in our proportional state tax rate and a lower effective federal tax rate compared to the previous quarters. The effective tax rate for the second quarter of 2020 was 27.8% compared to 29.3% for the first quarter of 2020 and 32.9% for the same quarter a year ago. The effective tax rate was lower in the second quarter of 2020 compared to the prior quarter and same quarter a year ago primarily due to higher non-deductible acquisition-related expenses in the prior quarters, partially offset by a reduction in our state proportional tax rate.
Loans and Credit Quality
Loans, net of deferred fees, totaled $1.7 billion at June 30, 2020, compared to $1.6 billion at March 31, 2020 and increased from $1.2 billion at June 30, 2019 primarily due to our GMB and TIG acquisitions. New loan originations for the quarter ended June 30, 2020 totaled $161.3 million, including $129.9 million in PPP loans, compared to $110.9 million during the first quarter of 2020 and $54.6 million during the second quarter of 2019. New loan originations in the second quarter of 2020, mostly PPP loans, were concentrated in California with the majority focused in the Los Angeles, Sacramento, and San Francisco Bay Area.
Nonaccrual loans totaled $8.2 million or 0.47% of total loans at June 30, 2020, compared to 8.3 million or 0.51% of total loans at March 31, 2020, and $3.8 million or 0.31% of total loans at June 30, 2019. At both June 30, 2020 and March 31, 2020, $1.2 million of our nonaccrual loans were guaranteed by government agencies, compared to $3.0 million at June 30, 2019. Accruing loans past due more than 90 days at June 30, 2020, were none as compared to $347,000 at March 31, 2020, and $597,000 at June 30, 2019. Accruing loans past due between 30 and 89 days at June 30, 2020, were $1.0 million as compared to $10.8 million at March 31, 2020, and $5.3 million at June 30, 2019. The decrease in accruing loans past due between 30 and 89 days at June 30, 2020 compared to the prior periods reflects our efforts to process loan extensions, loan renewals and collect past due payments. Loan extensions related to the COVID-19 pandemic accounted for $1.4 million of the decrease from March 31, 2020 to June 30, 2020.
At June 30, 2020, the Company’s allowance for loan losses was $13.5 million, or 0.78% of total loans, compared to $9.1 million, or 0.56% of total loans, at March 31, 2020, and $5.9 million, or 0.48% of loans outstanding, at June 30, 2019. In accordance with acquisition accounting, loans acquired from acquisitions were recorded at their estimated fair value, which resulted in a net discount to the loans contractual amounts. Credit discounts are included in the determination of fair value and as a result, no allowance for loan losses is recorded for acquired loans at the acquisition date. However, the allowance for loan loss includes an estimate for credit deterioration of acquired loans that occurs after the date of acquisition, which is included in the loan loss provision in the period that the deterioration occurred. Although the discount recorded on the acquired loans is not reflected in the allowance for loan losses, or related allowance coverage ratios, we believe it should be considered when comparing the current ratios to similar ratios in periods prior to the recent acquisitions. As of June 30, 2020, acquired loans, net of their discounts, totaled $355.1 million and the remaining net discount on these acquired loans was $4.9 million, compared to $630.9 million of acquired loans and $7.1 million of net discounts at March 31, 2020, and $636.6 million of acquired loans and $9.3 million of net discounts at June 30, 2019. The provision for loan losses recorded in the second quarter of 2020 totaled $4.4 million compared to the prior quarter provision of $1.7 million and $445,000 for the same quarter last year. The increase in the provision for loan losses was primarily a result of the migration of
