– Davis our quarter. about the before joining good and to thank and numbers, us I you, am second you a the I on call, of going few highlights for to Bud Thank quarter give talks afternoon going am
in third PPP offset the is the in quarter, and On And strong those grew by but obviously, in the and loan we the side, million the quarter. pipeline loan growth strong no the loans, do quarters. expect loans, payoffs quarters, be moderate loans were the extremely really which in in loan see growth. of accelerate to we to expect a with the will was One payoffs excluding We quarter. the $XXX more still there factor fourth fourth third
the like are strong correspondent very our On the we are well, that deposit as securities, did side, And customers deposits we profitability. in loans runoff are. and some making see buying just experiencing
April, March a up good above payments in they So tax are normal. – and were bit
well. as So, that levels affected deposit
bank’s in the the of in to flat back second I and of for of quarter year. think quarter, then deposits decline patterns fourth probably see most would the quarter the in typical third we deposits, be history kind will pre-pandemic and grow the first more be the of
that’s meetings, of absolutely loan and talk quality. on Board management minute about we be That our Let’s it seems often, to for about course. a our at everybody’s go talk mind and meetings
recession asked are often the of what possible are a With prospect we ahead, seeing. we about
talk a quality, but quality remember. I best had loan First, we’ve as our minute in about as far ever Abbott the are can Henry will metrics loan our
we – we’ve loss recognition. as certainly possible. very loan So, facing proactive recession if been we have as be recognition very proactive – want we be been hopefully, proactive to in a We won’t loss are in quickly
good don’t they consistent on way. And underwriting. we assure can make, a investors you want In your economy. growth times every terms We company When of high had his on team very underwrite loan a They say loan certainly, stress constantly don’t sets and certainly I is are standards performance I do pretty test years. our are bad, performance. that change. year looking consistent think we times out. banks win. underwriting we Good you good the cracks track test for and no. good the exactly are it. have a to over I the year a on We be group record changed of and disciplined looking. that good a have say and we with system if the do credit – in And answer underwriting, a for is Henry and have stress They same blow we are are
any really because problems side, people. of It’s we C&I any other. meltdown are good the that economic see On of or area, aren’t one the one of not in that type just people business business the
the products. the of call now, recession. move the for And but little are forces as bit haven’t. case offset yield high I hotels REIT-type there of will spoiled question of last Frankly, traveling back bad in if rates up is do rental I recessionary into On not What think years think some slowdown replacement quality looking on pretty well all CD experience The products. when a residential the for southeast economy. don’t see the the investments migration CRE a night side, me we an less I we and really the are industrial hotels. ability as we strong really the to at all continue extent I were they anymore. it sleep of be gives would big of got the kind inexpensive. that’s am cap couple investors nicer will and that it multifamily I expensive to a in and now
I am So missing that. kind of
are So a and there strong operators, customers few occupancy have they very reporting hospitality very and high are rates. we
be bit So that to have all a a of wouldn’t there. bad little slowdown
some quarter say is have terms the of a strengths in XX we we in we in leadership In years. in our our talent, the had XX of have turnover new top in I If company our in into that added to is think talent we our bankers company. think what of brought the had senior banks added, quarter. over regions We most I any last one not ever the
executive not best loyal have be had do We have but and in any commercial We very be. the banker bank. few turnover a had a have for had team retirements, to to the place want we we
I think company of an is many our absence bankers well. attractive bureaucracy as to at
the aspects. there stop Bud cover will let some and financial I of Bud? So,
