and to conference Thank year you, Welcome afternoon. good Davis, earnings our call. end call --
time asked looming with to you certain feel we on if we I for thought I I not back me earnings front if report would report March, would a record would earnings fairly pandemic us. will certainly in XXXX. last go of don’t said, that, have You record
are pleased earnings. able be very to to record report we So
the think our of very speaks well quality it quality. for our asset team I and
Our has credit never quality been stronger.
Abbott, our detail a Officer minutes. will Chief discuss in in more Credit few Henry As
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ours. in as job. as Chief has to quickly and has we proactive well. to us been a have us really more as Risk It like a done like The also us, smooth model Mark have transition even helped showed need much our our very made transition with a branch clients technology bank quickly and brick-and-mortar regulators Officer, Our don’t we pandemic new McVay ensure an outstanding working transition with
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good jobs Our shape. have workers is our unemployment is rate much bit economy More better a lower. and
are our footprint. into large seeing We a migration
see a We have little bad bad a market or expect fix market, in the a as a a bit a that gains fourth did good annualized in bank market. a assets bank it given other it not quarter. cannot than growth continue. I in I the market would did about between tax rates customers fix would good rates. higher There’s can good and always sell a the did several led rates. that. choice their we not but Talking Capital said bank thought for I bank companies to we we a a to quarter, bad bad and growth in lock the -- the anticipate. I of bad X% loan current pick be particularly to bit fear higher We
a writing also We structure. loans lost few on
a lender. being emphasize to continue We disciplined
in it’s but XXXX, from XXXX. on in is starting Our again credit bit projects low levels. forward. a historically year at some side. move lost chunk been still to the on is of the just starting utilization have We to that a Plan pandemic hold loan XXXX to be loan quality same the pipeline recession October, The evident to and are the see a off was proven we
low. inventories for still our XX.X% we at had clients. pandemic I utilization are have Do line the modest quarter. line seen before utilizations up to not to is XX% very recap our it this around XX%, next rebound the the over to of Supply to and expect chains back are very have We a was the failed rebound year so? Their end or rebuilt
inventories higher on increase starting lead to are our see customers. some prices for We to lumber, as steel, well will which
with obviously is would market very that. legacy obvious that Our the offices we which have share had downs, pay largest most the
had the the expect forward is had to utilization going very on we of for will loan several So made bank. opportunities significant regions us. bank PPP line reasons. less We books into downs business newer loans drop. and do It from less the transition to One other pay many class
closed In loan another their and move after their have experience PPP not client are forgiveness working remotely we had new many had to a the and with me is number us lead clients returning with plan client of for dissatisfied opportunities addition, we done. many to a which their to bad have we banking Also, bank and banks calls, led offices ServisFirst.
start in We expect until on also program, utilization combine growth, PPP last next are the growth, new withdrawals well. which To some we line without to as any did we We loan that where the Tuesday. we it. got organic rebound mention leave of are should with and loan expect round do the loan construction a in growth year few in the natural substantial we days even just
had we less morning. of week as have So than this a
demand to we have program. PPP. So XX% I year in we think loans -- we the and last XX% did expect have of We almost made $X.XX will last that about loans of of billion that X,XXX round
time We actual -- so to niche slightly volumes fee obviously less a to there are going I the time, more is see based the update. lower stop delivering expenses going this fee with -- we it there’s Henry? and over this do higher. am income am Abbott for over to and it lower So now seeing program it’s -- expenses. credit turn Henry other I with
