discuss everyone. for to us quarter you joining results. Thank XXXX Thank Good Hanmi's afternoon, you, Lasse. today first
partners nearly decades. safety health on focused have served remains of for Hanmi the four continues, crisis we COVID-XX our customers, employees, communities, the and and As ensuring
of with to all branches hours. some nearly modifications open Hanmi's Importantly, business remain
teller protective complying to for supplies and other installed for personal our frontline all equipment sourced In the guidelines, distributed associates. protective of social branches have barriers and lines benefit with to distancing and we addition all
any provide ways experienced Where borrowers with we our activities. have we time other execution for actions, need. services this the business our successful active in these these of Protection deferrals significant with to Program, SBA's Through extremely crisis. With to interruption respect working as support we help we working weather not Paycheck also look loans the customers, to appropriate, We've through of to to tirelessly to been possible. and are them quickly are as process continue and modifications,
by Hanmi other stand funded its relief intend reviewing is programs government and to customers.
highlights. While the financial significant reflect key this quarter our of by imposed the and the challenges operational performance first are some crisis, following
first through Loan of the production volume was quarter much strong.
loans final withdrawn of still surrounding the number of the grew year-over-year. late substantial borrowers a However, pandemic. stages quarter that weeks in by delayed loan the to due economic were quarter nicely were first the in production uncertainties Nonetheless, or approval
interest income loss in in and interest Deposits interest Net by in decline rapid response effort quarter-over-quarter driven the deposits, point did rates before time reflect of a line relatively provision four in general to rates. basis to net margin. was higher credit the deposit costing level reduce lower we our improvement
the allowance crisis our deposit reflect metrics uncertainties credit to assessment lower associated pleased I'm the specific confidence crisis-related vulnerabilities Notwithstanding our place a the uncertainties and of us for Hanmi's quality their COVID-XX that and depositors rates to crisis, savings. losses. COVID-XX this with of in the time include with continued at
COVID-XX due to current million common our the program, Hanmi invested quarter in stock suspended late share in the the program was during authorized quarter we repurchase crisis. under the While $X.X
despite And very market remains Hanmi ample finally, well capitalized and conditions, has liquidity.
provision address which income by are these significantly first totaling Our with for uncertainties a COVID-XX well challenging times. $X.X positioned are strong, Net regulatory million. affected the I associated qualitative quarter and pandemic, we ratios very the capital in to believe we was established
leasing crisis part the the most in time. includes that portfolio to allowance, the of we the loan our we assumed assets revenue assess portfolio. this of vulnerable coverage. below assessment The stressing commercial well hospitality and believe under collateralized equipment those the falling different loan are with included by establishing retail relationships and individual X:X As at process this declines analyzing credits service as segment as for This loans debt
at fluid we and the believe impact allowance continue the we analysis of other to will loan obviously conditions, closely our competition crisis dynamic COVID-XX is very based our factors. While adequate portfolio. forecast, situation, is and this economic on This monitor the in time, remains
to turn quality. Let's asset now
quarter three film-credit stable are portfolio asset million. being impacted in our key These government $XX.X delays experiencing totaling quality While at by tax relatively collateralized credits metrics certified overall build-in that tax were by loans end, the of several are the authorities. remained by loans
quarter these not remain We with will or million XXXX of basis loans confident XXX nonperforming loans that in $XX.X at charge-offs. Nonetheless, to fourth loans delays quarter result end nonperforming compared a of loans. decreased conservative, the points XXX nonperforming to primarily underwriting. reflects identified $XX.X the credit charge-off Hanmi relationship. million of to decrease basis disciplined continues The or maintain commitment the loan in previously of loans troubled points
originations consistent first from times, asset respectively. debt-coverage were quality XX.X% data XXXX, the and loan-to-value with prior on commercial ratio weighted average new the real and For quarters, quarter the statement X.X
were the estate weighted underwriting to first as provide will of portfolio, in light the commercial average end For on COVID-XX the Xtimes, and average the and real weighted debt changes coverage respectively. loan-to-value of quarter XX.X% additional crisis. of ratio Anthony detail the entire
national authorized under repurchase not program. following Hanmi for remain $X.X quarter, federal resumption outbreak, price Hanmi of rescinded. the program its at X of available has During first until average the previously proclamation declaring the national $XX.XX an a approximately million COVID-XX emergency share and this for authorization. emergency, under been its shares of repurchase repurchase the anticipate suspended consider share will share current Shortly Today, it the repurchases XXX,XXX does shares million share approximately per investment X.X repurchased million total
X.XX% of our tangible all Even ratio strong quarter regulatory after the repurchases, at ratios. do capital share Hanmi's first remains as common equity
now this To during of total our approved help loans time I the on payment engaged a we for of need. have would of which to like actively in totaling leases, and million quick our XXXX XX% approximately modifications, portfolio. comprises provide $XXX of we're customers some update activities requests to date,
In beginning addition, approximately been XXXX principal loans also have when an program date, been balance we these have or originated To the totaling have very early began. with to Program approximately offering PX customers aggregate $XXX we active the April Since PX. million. Protection our of Paycheck loans in
first gathering activities. the results production Banking loan deposit Anthony? Chief Kim, With Anthony call to that, Officer, and to would I our over turn discuss like the to quarter
