this Thank to listen of you, course, on the Dave, in and to time afternoon. all taking for call of you thanks the
Form forward-looking are and our a statements. cause risks annual might uncertainties. may forward-looking in discussed Certain remind Company’s Form constitute that harbor safe in Before may and XXXX, discussed would involve results on the include and XX, may Form of this Factors which are The events, our of obligation the XX-Q on annual federal our for matters does statements, report the undertake by report started, to forward-looking year publicly links securities disclosures. let everyone as located law. information Form differ not December laws and XX-K we future difference XX-K such the any or Company presentation ended and purposes these of results update subsequent to this Actual get on materially revise X-K. or the The our statements, any me in website, except americanriverbank.com. from filed required these
of to morning, of going of XX to provide up fourth XX% well. basis, income $XX.X that million. the in income additional rate a $X.XX about quarter the XXXX. in up up quarter points American the for from fairly reported million increase and That's $X.XX an and open per respectively, $X.X that the were $X income XX% some respectively. points were went result $X.X a a conference to this up past was and mentioned pre-provision FOMC basis with significant the this margin also fourth of million that million. try $X.X Dave net XXXX basis or the our pretax a basis, year-to-date to That's share As That’s On ROA Bank areas in a That's XX% key XXXX as calls, Then quarter net X.XX%, over held a press compares $X.XX year, River XX details our On increase. million morning, $X.X for analysis. X.XX%, $X.X reported from the the share XXXX of year-ago. Despite share actions and of questions. drops I'm for one ROE highlight the we'll the a million This XXXX. Earnings XXXX. in quarter or XX% fourth was XXXX. for That's release That's compared quarter for fourth some a XXXX. going of for out net from million increase. to lines
in was basis deposits loans XXXX. XXXX. XXXX X.XX% full-year XXXX, XX cost XXXX. margin interest For from was That's compares just X.XX% points slightly X.X% X.X% in Overall, the basis from the XXXX. our in Resulting in in to net of XX yield decreased points on to that down
that were little loans PPP loans, by Protection X.XX% Program in impacted I'll loan of this Paycheck the next course, loans into pandemic three yields areas section somewhat Of a segments the this deeper cover loan section pandemic by and I in response had to those The most call deferrals, are impacted our our get industry yield pandemic. that for loans, XXXX. PPP the exposure response section. a I’ll
XX, unaccreted – some For quite Dave did forgiveness million. last fourth that up $XX.X and portal $X.X quarter, a loans, and PPP open the totaling were the bit of we September as of We reported the pretty we PPP million, had costs mentioned. loans, set in XXX as fees and quarter success we
to the And know balances recent remaining because be $XXX,XXX XX%, unaccreted will fees will those XX% were totaling $XX.X and back – remaining, XXX The were of $X.X loans. this and were new costs as we injury the program. disaster grants. million. those stimulus to XX less were forgiven, there held the have Of we than the in $XXX,XXX, have million XX, December balance, XXX process. about loans, of forgiven forgiveness those loans down were economic about now, that EIDL remaining loans totaling those SBA the is and As Included XXX loans, but of streamlined access
will those go we are anticipating out door quickly. So pretty the
those and million the interest fees the PPP the of year For loan PPP on were recognized loans, $XXX,XXX PPP fees. Last and did we quarter the new PPP portal. during the for $XXX,XXX XXXX. already year-to-date, Dave respectively mentioned Again, the loans new that’s program. we applications the $X.X week on program, we've approved. begin and open processing quarter been $XXX,XXX and The
about in program quarter are wasn't making two. the loans in those $XX.X pleased that loan, documentation. $XX would was And Dave up borrowers quarter to that of the also dollars. deferrals. as One we about of in with very XX I'm the At fourth lot On of charged our the expire in quarter commercial the a some deferral last the that year. I We had of begin indicated initially we exception reduced September, a end would implemented was announce second off. the had $XX.X mentioned, And That initial million. loans of rush to And that did outstanding Again, payments a reported significant come XXX the those million. as the deferrals, $XX,XXX as to payment their that quite or loans quarter. for of million that fourth June these we over totaling in
make Another we a – loan barrower $X.X the one deferred it this was didn't I'm payment happy was CRE week. and their requested million where that another borrower deferral that That mid-January, to announce to deferral.
as December had deferrals. So of we just two XX,
to this loan to their plan. those and talked was just terms; $X.X one interest are And loan. that they That's of other I $X.X happy CRE One are was them the they – current a payments. announce a a six-month interest-only million million I'm making temporary about
very am week, that and I impacted going to on So excited non-PPP doing think to by outstanding is industry our of exposure well balances loans. these most the to the are with I'm deferrals the about pandemic. percentages the report our Last loans we that. I
draws our oil the X.X%; with school/ We golfs that’s one gas construction December did care, related section $X.X sports outstanding considered convenience on billion increase X%. maybe $X.X gas those. recreation, a by oil loans. million $X.X station X.X%; facilities, during increased loans and during $X.X was at are but were and gas is change just funded, This they're stations or loans stores. some our a churches an the quarter of million That make the million just and which They the the $X.X or again, or million. X.X%; substantially Those borrower. it’s end of was So million two $X.X carwash million elder $XX or X.X%; Restaurants the oil loans also or childcare, to and and these were actually quarter. of X.X% clubs, or gas, million $X businesses, or
reporting, during of did et SBA gas is the Once outstanding still overall in XX%. chain the position distribution, or SBA uncertainty a et carwash. loans The loan secured impact debenture those I'm will in the a The is we of allowance. our by this quarter, be an does warrant X.X% of loans. to of reduced level adding other still sector, quarter $X.X on new Also was our by Previously through balance our We the loss borrowers, XXX to zero balances One million is there. shelter-in-place, balance cetera, that an this our and will add a length motel. hospitality. sector. COVID cetera, had station in vaccination deferrals, remain sold, increase the first It value
add $X.X million, we from year, in that’s up the For XXXX. did $XXX,XXX
$XX.X to loans in decrease at the in a benefit fourth construction were despite during end the from from of September the the the quarter. down $XX.X the non-PPP increase $XX,XXX just sector For million. million provisions the We did about quarter,
the construction in risk $XX those that’s a net for of higher order earlier XXXX. XX, then we of were allowed On in December at note, week. reserves this to loss, sector. the reduction million to add California able ALLL So That's total side the XX, – at add decrease. up the the our The Because loans, aware PPP growth greater did a December historically relax loans is us That XXXX. X.XX% allowance happened that that you only X.XX% $XX,XXX. shelter-in-place to to maybe reduce excluding still portfolio carry from to in
as spread but remaining color-coated order been right has in since a us reports say all slower this prior released The that of order had And place the released. Basically allows to us pace now, in December. December. will our regions virus from the at to the some back that Our recent the to in most just had businesses put XX, governor reopen. state. entire early the that of the continues state do state really This been Sacramento the is I'm place been been now region on had can reason January what in reopening program in released this
positive but indoors, can example, our reopen For then happenings the reopen marketplace. definitely so dining, restaurants can some indoor dining And no in outdoor [indiscernible] just yet.
$XX business XXXX. of PPP for of loans to net just the the reported increase. we Start ago, did new just the it's economy. that's X% net third lot XXXX, $XX on new On fourth outstanding, quarter. Year-to-date with million we on to quarter have I quarter. million, during balance That's of over X% PPP and million the over loans few but As that put of the compares quarter in that’s a loans, million the increased quarter these $XX.X excluding loans overall don't great sectors, in sheet. for the our loans, just Fourth to loans minutes in under increase million $XX.X a the a increased fourth $XX.X loans excluding
to our of back the down XXXX said, in last slowdown first XXXX on were quarters it what a us pandemic. $XXX was Year-to-date where XXXX, after have were quarters the this to got due So in, fundings of track got we of say, couple couple Dave part from million. loan
most So again, just last to you can the of – two fundings quarters. compares of in million. total $XXX XXXX that see was That under
the million commitments Those quarter million, did rest in last as quarter. They do to year quarter. the add should third fund of credit million basis, collected $XX,XXX say but penalties. a to just We next $XXX,XXX Our year. the fees of $XXX,XXX over estate were the was to the is $XX of On the in run a so payoffs in fourth evolve. Dave of in mentioned $XX.X $X.X at end total of drop fourth to have commercial the That all line, pre-payment the unused But fourth prepayment so. related XXXX. in prepayment normal $XX year were compared in $XX compared that the year-to-date collected real XXXX. penalties million they of million Payoffs and quarter under well. rate ability compares to or $XXX,XXX we that
allowance deferred. of We looking XXXX. the it's We that days to loans pretty didn't the mention Again, was I net this in the $X,XXX was well. any year the earlier mentioned Earlier, did million. recoveries, $X.X comparison fourth year. in at there. have on or did December loan that think I quarter non-accrued we loans additions past I charge-offs XX due of Last have any XX, $XX,XXX of sort had – in the
So XXXX. to for in had in just the $XX,XXX in compared net recoveries $XX,XXX charge-offs entire year, we
such low that So number, looking back pleased was XXXX, am $XX,XXX. as a it I over just
two still of about $X.X property both $XXX,XXX, Our X.X% and classified equity commercial is strong and really at those totaling one then at OREO we have loans, million.
get So OREO, – again, assets. during that classified On an that being relatively took $XX,XXX. by updated update down We quarter. appraisal low did at we the
So $XXX,XXX assets, the OREO. down really it to Non-performing just that’s from went $XXX,XXX.
million XX, assets just area, $X.X XXXX. that in was is basis almost a growth primarily real that non-performing here, total million So Commercial $XX loans to Again, estate assets Loan – December PPP. real estate X.X% I that’s X is million. points at $XX down mentioned excludes or growth. were
new in add quite they you down more The Consumer did the specialty that average was sector. If our bit a auto PPP, portfolio. that. were in was than XX $XX,XXX. up $XXX,XXX, that’s loans We about
million. The we in those XX was third estate and the the CRE, those in real increased in was of for Just primarily comparison, of quarter average of which $XXX,XXX. growth did $XX.X XXXX, the
X.XX%. rolling million Some was average rate well, into of $XX that average construction loans earlier. was loans I term where holding that the was pretty loans up the is mentioned new The still on
XXX years. few is credit still at over a $XX work. Investment during little And X.X is entire same. life well-structured we mortgage it's flow the remains in the put bit cash short. portfolio The exposure It muni But still mixed quality a quite portfolio up really the products Portfolio quarter our average did renewed of under of some X.XX%. is million those duration high bonds. with as We grow X.X%. rates X%, entire really, a effective just and low in to the to and also the there relatively the average portfolio then quarter, cash just
then we year-over-year, had On fourth million year-over-year up XX% deposits we're in We quarter. a all the grow a as and did deposits, million. $XX.X to year for increase, continue increase. That's $XXX.X But the we liabilities, great know.
decreased at XX.X% they're Our fourth deposits, timeframe. XX/XX/XXXX non-interest in of portfolio. the the to overall quarter cost the as to those factor points during of down points basis The funds XXXX, that average XX basis deposit from cost you same points. in bearing our deposits the from And of XX decreased third the also well. quarter. were in is comparing dropping In quarter that XX basis if entire And of fourth XXXX cost of
the $XX quarter quarter drop if were XXXX, XX to quarter in a fourth dropped so basis average XX fourth to comprehensive increased basis For in the The the XXXX, the from were at to of of XX million income To points, of actually had And Capital of We came ago basis of a course, $XX dividends, from down there. equity $X.X under XXXX. fourth million primarily $X.X the remain they XX increase, itself quite $X.X in December quarter net quarter, of bit that a That compensation. our third million points Comparing $XXX,XXX points, XXXX. XXXX. that which levels they million CEs, increase just had plot XX, $XX.X you that's other points, deposits out, the balance we strong. the over in of paid a of increase capital basis that from in our million. points the cost just we income. fourth is net to then year million basis XX and
The had XX/XX press didn't reported balance the repeat that number shares was December get table X,XXX,XXX. at the actually in XX/XX/XX have outstanding X,XXX,XXX, – rolled the at just year value incorrect amounts was Our end on different try of the if come these total per own, you shares the and your the value book to was $XX.XX something calculate tangible wasn't forward. slightly was the an And $XX.XX. share book again, actual in up as you amount. the It It balance. XX That with may release.
a number, ratio dropped a right balance ratio, Total X.X%. were leverage leverage little bit. now. that's Actually increase apologize XX.X%, the the ratios, dropped number from you decrease The ratio. leverage we that for X.X% the but bit have the those actually last sheet year, risk-based capital little I really at in and that So
Some down brief service as well. the much really from here. and We $XXX,XXX were lower on sale gains not charges comments income down were Non-interest year-over-year, statement. fees about income, on
There's increased course, the causing and quarter down $XX,XXX the checking XXXX. Return That's of FDIC, Of were balance year-to-date this our fourth good the quarter a a charges the fourth like expense the lot sorry, quarter of in the that's that the OREO and to zero average changed quarter checks past. to actually from small that reported XXXX is fourth area was there level really in just really year lower higher checks I accounts. balances. of with And we Really the The FDIC client big quarter-to-quarter numbers, the service $XX,XXX. I'm $XX,XXX item overdrawn increased in in lower received the relates XXXX. in Non-interest the the other last the credits fourth decreased thing. for that's that write-down. expense assessment been bank year. that
$XXX,XXX. the It driver this three talking of benefit over $XXX,XXX. costs about loan direct Salaries last and we've So a on this that's delta, down the salary On a that we OREO expense had just the XXXX, in year-to-date we big of fourth was year being appraisals. a $XXX,XXX $XX,XXX were year, item. so to quarter deferral property. write-down different actually decreased had And In a benefits quarters. is there a primary and write-down the there, the line of been basis, non-interest
than so are salary The and change costs. reduction there. X%, expense. core were to those our is up those piece, loan year-over-year up the $XX,XXX of actually minimal origination and relate salaries, With true a the actually, the less loans, Those PPP just $XXX,XXX, that’s
and and minimal in XXXX. We the equity incentive $XX,XXX $XXX,XXX in the they vacation increase their Higher offset that then quarters cost just were of credit $XX,XXX a mentioned. And was FDIC go I accrual, quarter $XX,XXX. the costs take of first up higher higher vacation our of People of that actually credits again, by in have there. about reduction very salaries up last year-over-year. those anywhere. XXXX accrual $XX,XXX two expense, can't don’t to that received So was some somewhat just
a we've development lot expense director insurance, that's in But things, and a the there. expenses changing decrease that our reason the Again, that of the The that’s for decrease that non-interest dropped decreased advertising, – the category to year lot XXXX telephone, and been down was business dropped talking that's of area implement opportunities year-over-year Again, $XXX,XXX by So that's the cetera. XXXX. includes shelter-in-place, of year. to sponsorships, our about cetera. et is XXXX. this about number big system. our ��� year-over-year then a sorry, to increase advertising to other the it – talked we due earlier new that decrease $XXX,XXX includes also reducing XXXX $XXX,XXX fees, the is from in in did other that development last is it that – offsetting $XXX,XXX et $XXX,XXX and internet Partially banking business I
related that fees XX up – So that’s amounts. year there's some up director out up I'm there to additional were pointing $XX,XXX. And went non-recurring this that our cost up sorry, $XX,XXX, again, did that then went that go
we of away, the expense directors payment that $XX,XXX. future accrual passed on stream, that full about was One the the did
Lastly, taxes.
Of course, did go up. those
have income. level of You higher a taxable
higher You're level going a have of taxes. to
a $XX,XXX benefit in year. to We last a we had this of equity equity was XXXX, year. benefit also the benefit $XX,XXX of the XXXX, not comp, expense related It from benefit was comp. taxable
did up effective now And in XX.X% our tax rate to XXXX for you. ask from questions. to the in Darryl, Thank XX.X% lines net-net, I'd XXXX. open So increase you
