more off XXXX. Credit morning a morning and and questions. call of And who quarter in the Jan Officer few and I'd discuss Good The the overview quality will be make year to in thoughts to off for start comments credit the discuss the three fourth a high-level Thank earnings XXXX. and for our on matters. welcome with later quarter loans available our us kicked the Charles, you, Then financials will This call detail. of will Williams, also like her of call, on Chief our Charles.
impossible and Eagle's level the or environment. linked fourth of At and $X.XX to commitment were share. Looking at were In reached two these in And through of were quarters per back in third that the finished our share. efforts $XX.X a the ever half strength. combined; XXXX, for Eagle XXXX, million it $XX.X is the above to back billion XXXX with our quarter XXXX. $XX.X our earnings quarter million second to our adapt just their totally diluted assets new It team earnings overstate half is quarters or resiliency of second renewed of $X.XX million $XX.X earnings earnings highest our per of the half
loans XX.XX%. in continued fourth locked quarter common equity tangible continues others The our This outperform industry was very mortgage contribute bottom-line. the return we interest I'm to as to to assets million tangible and on gain sale average relatively with meaningfully equity to fourth residential million, the of to a quarter, on on the year the third $XXX XXXX, quarter the Similar will XX.XX% tangible million. of sale for in $X.X that the and the $XX.X locked at is anticipate billion a were division -- common to remain high remain year-end. sorry gain With was for notable mortgage For $X.X continue million division active. expected our loans return of year market to low residential $X.X rates our
the was $X construction overall also with was and million half rates of XXXX COVID-XX traditionally growth lending been less We lower the premiums, in of year, while strong XXXX. than slightly related servicing to in year, also from FHA the some loan trade saw XXXX. It half gains in the during our our has reduce pandemic. fees, FHA mix the In revenues group by of latter efforts to impacted the share impacted first highlight to our the than XXXX, Jan D.C. say, market of sometimes continue will rollout get pace well as we economy the loan improvement others. of be no, loans the recovery forced our of to the the Heading focus Washington continues into that as that economic on will match our local speaking rather the as expect its will accelerates. quality. of as pricing improve and continued loan both us teams to vaccine origination continue
the deposits continue flow corporate to bank. deposits, of terms into In
in holding will said continue clients we our support to we the As by past, deposits. their
operated have just liquidity quarter margin to closer much an fourth loan-to-deposit XX% this of in historically XXX%, contributed While average averaged the interest Carrying falling net XXXX. to to ratio X.XX%. we at we
later been the has compression and interest on to income financial in metric have Expense call. earning contributed offset However, for assets will additional of earnings the company. NIM an some us. some comments margin control net the additional and Charles important the the
Our efficiency quarter Underlying been for among commercial has our since the XXXX. trademark is focus the a best launched in our network, this XX.X% lending industry. in remains bank which ratio on with at the the streamlined branch
Early expensive relationships billion of branch deposits on increased. pace we of reliant XX our and than this quarter technology. more branches of We value just Over offices, million With fourth our the past as slowly we branch $XXX banks putting and seen banking peers. has on in deposits higher the is the per branch footprint. $X.X commercial see emphasis averaging validation begin much model. our decade, a the to other More on their and less saw have being reduce recently
loan our we banking On production office. lending XX offices, to also addition in have side, the one
remain and philosophy always been has and to -- light on-the-ground Our adaptable.
two our that if of but locations All locations. property our been leased. office see into the one better and This best to gallery may has back the purchasing, branches in our not normal plan newer, to office relocate back change our loan March branches, includes locations practice. location. That are and as In we we leases headquarters, office warrants combine newer that February and place all production expire, locations
maintain to we share and laser-focused control. to believe market as our on on credit move loans our the be continue our quality long-standing through improves -- a to sum, the ways As XXXX, focus to of continue expense share take we'll continue of In expect we strong efficiency. practice we
inclusion. handing settlement I'd Before increase diversity recently like to announced efforts Jan, value, on to and stipulation address over it the our efforts and to of shareholder our
of For plan. late December, under authorized Board by XXXX our that for of mid-December, to for the increase stock X.X repurchase shareholders, stock up reinstituted XXXX we or stock ways X% dividends and repurchase a the three with shares, new seek million we repurchases combined repurchases value. At In are outstanding earnings our September, completed our end And shares. plan. we approximately plan share to shareholder
our One plan of the new capital stock factors is strong behind position. repurchase authorizing a
court disclosed that an the million Also Monday, we value a we at cash valued declared during letter. $XX.X per of filed into were paid $XX.X dividends. tangible returning to out year demand the stock year, shareholder of reduced the, For million, grew On outstanding we share. million X.X%, repurchased X.X% by with of subject earnings previously rising had stipulation approval book our we $XX entered $XX.XX to announcing and settlement XX.X% X-K almost dividends to shareholders. in connection directly in Shares and
particular to this the many know look which put to glad and upon control matter agreed underway. implementing as are behind of governance are us you already forward and enhancements, We
speak We paper let are not themselves. for going the stipulation the specifics to of and settlement of publicly the filed will address any stipulation of
outstanding. of As disclosed disclosed in our payment The be class and is our and in company was of previously the for fourth directors several earnings of against stipulation the attorney's securities the fees action the release, is settlement expected to with officers insurance former and current connection of quarter and accrued its recovered from carriers. in fully XXXX remains
diversity in XXXX, inclusion. focus we our will Lastly on continue and
an focus survey. diverse inclusion have formed initiative engagement a will four women and Last Officer. of bank the areas staff full we and conducted and on one important employee like working Jan as the council very to Board is to a of the including members XX Board and We minority. two support senior myself. diversity over on year the opportunity recently a opportunity. I Board. employees With We've is The added turn of to of whom speaking of an identifying comprised identifies council, the support programs to new the of be success those with continued This Credit has would and Chief to areas duties our that that Williams,
