afternoon, and you, Thank Anthony, good all.
sequentially days where million because posted the Let's $XX revenues, top quarter. of fewer in we down debt of X begin at the increase
the the a in bit assets growth decline saw lower-yielding while and earning More the came remainder our interest-earning a offset interest point deposits growth assets margin. X.X% half loan we than of securities in the portfolio, net X from deeper, at occurred basis Looking in average in Fed.
it draw while addition, PPP net quarter, forgiveness revenues. on we first loan had in effect our the some little interest did In see
X.XX. net our to relatively interest at margin, steady Turning
and fourth XX dropped basis deposits paid declined our while the the quarter of interest-bearing between rate from yields much as for fourth basis basis yield on we loan interest-bearing was cost the basis for the spread on XXX points to X.XX%. points the Our to assets the rate XXX X.XX%, liabilities earning Notably, and the a environments. points year XXX different quarter same basis quarter a ago, nearly first first points the points for the the interest where had quarter, the XX
first draw the excluding As loan PPP quarter loans, second below average loan Anthony interest on quarter, was noted, X.XX%, the rate our new production yield. portfolio weighted for first average
deposits. we into average XX for weighted points lower also deposits of that have mature time basis interest quarter rate rate time However, will second a maturing the with
In first growth significant growth yielding the addition, at at interest-bearing deposits a demand saw and concomitant Fed. the in quarter, end of we the lower non balances in
a the to mix expect continued of As margin remain funding the as we should the the continued to net as the tension current well environment in steady. shift allow and result, the for earning relatively between interest assets rate shift
end draw our of million sell in to million, gain realized $XX.X net of loans second of second loans $X.X a loans $X.X quarter. the we first the sale interest income to sale draw quarter, for of X.XX%. Moving from we the second net PPP expect a million At the that of at held premium PPP included
million $XX.X $X.X XX.XX% were premium the X.X% of costs second At the from quarter, down from the million. quarter, SBA traditional of net first for draw traditional We for also were efficiency loans of first the quarter, from of a quarter. sale for the $XX.X The of million of sale Noninterest because had gains at expenses loans end XX.XX%. SBA the principally capitalized first $X.X ratio million held was PPP fourth loans. the
security efficiency fewer and certain primarily quarter. together pretax saw Pulling for million, X from down for the gains second XX.XX%. second and all draw pretax, perspective in other loan adjusting of PPP pre-provision would fourth but been the effects pre-provision and the quarter, costs, items, have gains as draw PPP again, adjusting income days well of from of However, loans a we the $XX.X origination this because as a ratio
modified Our off-balance million for negative interest sheet accrued previously expense loans CARES on a a million $X.X $X.X losses included quarter provision of first or loan and Act. $X provision negative credit items was the loss the on for for under million. currently another This receivable million, $X.X provision for losses of
an We also established guaranteed SBA loss. for allowance $X.X repair a million losses possible on
sheet, balance charge-offs $X decreased of net impaired of credit of million losses million. million Looking in individual allowance $XX.X to $XX.X from the $X.X $XX.X were the allowances for million loans, losses to and million provision associated credit our with allowance from after a down $X for million Included year-end.
near-term to to continue pandemic. reflects credit as uncertainty well improve, levels from our we believe the adequately While allowance macroeconomic conditions we as as economic various continue for forecasts losses emerge the heightened of
loss environment evaluate monitor and We outlook and and accordingly. will continue to closely allowances the refine our evolving our update economic
increased Our return that, end common respectively. assets average first on turn Bonnie. and the quarter to on our average regulatory return X.XX%, strong ratio the ratios. do equity book share tangible finally, And in as With first the $XX.XX equity of of at quarter, per XX.XX%, value our were at X.XX% tangible to remains our common I'll over capital and all it and
