Thank everyone, us for you, thanks, today. joining And Kay.
results and second in environments, which loan again do to includes something and we've years. peer the interest our diverse benefits quarter growth business investment model above strong Our growth net been able solid thesis, fee of income and income our demonstrate that all for many
in income. a basis, excluding annualized fee growth PPP linked-quarter highlights a quarter on average and XX% XX% Second increase loan include balances,
quarterly Board the that announced $X.XX XX.X% in we a dividend. Additionally, or increase approved our
which entirely one saw than elevated was strong relationship. growth higher previous driven in levels provision by charge-offs, to you our loan expense factoring As due and commercial our release, were
strong quarter. of portfolio net event, our credit this quarter. balances from the have remains had loan underlying quality in non-performing XX.X% first we down The the loan Excluding recoveries with would
are have of we quarters, portfolio. this previous receivables. we And largely and efforts, in targeting our refocused with shared we've the comfortable transportation companies factoring smaller As characteristics
to our across to of we level more come XX points normalized charge-offs towards optimistic. today XXXX. customers and full portfolio, what our cautiously basis our to and we continues remain XX see ahead, our the in know with the closer about markets move we for Looking historical quality in to expect levels, Sentiment of year
While eye pandemic, the coming the just down modified trajectory handful keeping balances in and slated on resolved the of a close of to to loan loans, those are a be months. are
with office. peers, our the we transition begun return of As have the to our workforce many to
Labor do client non-branch banking and Our our centers to reopened. returns are of begun teams We've Day. after meetings more face-to-face towards staggered have working
high While months, customer relationships day-to-day was a of we maintained that regularly. with by for excited and comes that more and on seeing the that collaboration been energy, each camaraderie have our other I'm with level over and our productivity service much built recent customers have time. basis fostered in of
decline high XX to million Turning results, and on per or despite more impact share. net by $X.XX it to Ram comments, drivers the basis, a point share, over I'll $XX.X Slide and $X.XX $XXX second was interest a or and some year-over-year primary income detail. then quarter our results. quarter On for income and the pre-provision from a level balance FTE million sheet increased basis Net an increased growth shows yields. earning PPP Net our was provide behind in was pretax the income turn first as the XX strong lower interest asset X.X% basis income income compression. positive XX.X% modest mitigated margin some
over a compared as Chef allow sale to as track Tattooed time. Tattooed net This Chef, on our increased in relative to in X.X the Our of a by X.X from gain XX% of impacted gains million a asset a the interest shares first and in for that growth in loss well the see included million $XX.X income shares. gain should quarter. basis, grow linked-quarter mark-to-market us income largely for the Fee realized the position on outperformance quarter million record we for remaining adjustment opportunities to $X.X continue million
our As see from year, investments a credit across gains we are our return gains. of time, I our similar yielded of Chef a capital we this similar to strategy portion of in security continue of $XX.X internal part This the totaled such to don't smaller an noted on pretax size, including And Tattooed have earlier couple entity. of the time all customer the debt upon in to while which investment them liquidity base quarter, ongoing to events in provide will our XXX% expect investment XX%. to to all mezzanine equity financing equity, rate sale investment, return are combination to One million included equity included and of million another $X.X and structures.
income phenomenal respectively provides and over increasing capitalize new XXXX the our and in months for an expanding XXXX. location and in year-to-date, to we've on with across closed teams XX% at these XXXX. experienced billion more fee best We've on XX% that opportunities growth finance, income administration over year-to-date, traditional the we now services, our financing Investor in record XXX% has Trust fee add has Trust Institutional provided levels. increased And Specialty deals this to XX on additional to continue income of ago. have resurgence compared with success Solutions, Dublin business saw volumes activity. services which aviation $XXX seen And assets dollar fund a to trends a to contribution company. fee banking half of our that Corporate than stand time. In increase partnerships, fintech internationally. has continued, focus business under Both slide highlighted Our public XX% $XXX six XX. year Fund we the been And on compared billion
activity family where office track on volumes exceed in assets, XXXX, private we're Turning we $XX billion have sales see to new wealth, and there. pipeline to and for now have our to offering a beginning solid we customer in we're
earlier. strong loan industries annualized growth quarter. Moving this XX% our is I a balance C&I across the book of showing of to from Slide mentioned Growth variety sheet. came snapshot in a XX portfolio, our
thirds was a the multifamily from top utilization for XX% that line changes from borrowers. make X.X% loans of to million headway with of up markets XX% industrial loans. projects Utah quarters balance two in to was and among couple our CRE, PPP during line slightly growth three. continue the approximately to mortgage high Importantly, In X.X% in $X.X market. loan top we residential mortgage of the Average billion first expansion of ticked of the the new balances growth And $XXX secondary quarter quarter following Total to Commercial the payoffs to production and led for paydowns the increased quarter. including billion. $XX in Funded increased $X.X with quarter outside million, XXs.
we quarter, exposure a share third under in both the to verticals. C&I we to penetrated to as to of Looking markets gain we've see in pipeline and our market and sensitive CRE, opportunities many On robust our updated industries. XX continue see slide
Changes of and which performance is almost based the list pandemic, we've outlook million further characteristics various X.X% our million loans categories, this hotel total the PPP. the we've excluding warrant sponsors analysis by our borrower two CRE categories. XX% remaining and typical or evolving senior and composition the X% quarter totaled factors, our on in anchored retail living, Loans to both of stores. that just reflect of this of the including under the include removal through our our moved book, loans, and guarantors, or of for portfolio we $XXX grocery adjusted closer mitigating monitoring. feel $XXX a As strong of After approximately
are As constant we borrowers. in with always, these communication
was including which remained our tends to to held quarter the perform and loans. loan XX% XX%, to portfolio, in Our for average similarly deposit ratio maturity
deposit customer Our differentiated drives by solutions, quarter revenue balances. stimulus driven which and comes funding sources impact And banking growth was continued of commercial investor diverse this payments. along with of recent larger deposit base, the and with
This our a use while priorities quarterly mentioned, increase increase our capital. I for in approved dividend of as the Finally, XX.X% ratio our maintaining Board still payout dividend. will
one momentum company. to we of grow performance. quarter focus the in value excited second and through acquisitions. the the opportunistically both with I'm through shareholder And number positive half second I'm pleased the Our continue And investing To opportunities see that organically up, by it our is in see across year. to growth, wrap we
Now Ram I'll over for Ram? turn to it a additional few comments.
