strong see our prudent in Always manner, investing the platform. that kind hard which, Look, core the you'll we the act being a in Chip. three Thanks, into of out, mindful of to really overall, a of follow. strategies a recurring we details, And each in dive revenue laid as and momentum increasing namely, expenses quarter.
a we're year this demonstrates just aim run and franchise. the we from on will benchmarks transitional that of XXXX and team. good feel the knew details, across the work lot entire quarter of to result achieve through the hitting we We the really And a be hard things
are the slide key color. we've shown all up that portfolio Loan metrics green, on a X, is So, all good which XX% year-over-year.
billion. topping billion, $X Assets $X.X over
stated we holding we're balance our continue of on this doing more across production high-quality franchise. the eligible by significantly sheet As the loans loan before, we to make and
assets we're of $X to our stated our in billion with up million We half the on over year, the first grow by assets was the well year, $XXX for the year. said this way and goal earlier
see doing income XX% revenue with you and basis, net impact the we're kind flat. over operating we're going and up interest of So, quarterly on said to servicing loan we what leverage do. roughly can expenses, And
turn if you seen franchise, have slide. lending you slide So, to our and guys nine, this
our key as look of We to track verticals mature be majority adjusted, the the And of be growth, places up contribution but seeing And more The solid verticals them add on to well. the expansion to continue to has our our from to up. are that of year-over-year. majority been teams really investing. we're we're pipeline vast the
the up on couple In offers areas, SBA average team the that about, team, we've business of whom experience. people of including new XX to small talked years all we're more about of outstanding, that or generalist lending a XX
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So, we're going. where that's excited about
the five people got indicated from that some names over started sector. also quarter last We've outstanding averaging a experience industry. the board now we into banking We've venture right handpicked looking We on there. just of best team in of decade the an
when pipeline. providing there technology that Momentum great have good and pretty think company banking of couple feels of of and sector. using innovation to a a and in about DNA history the growth understanding and our you We kind transactions then services the of
of production, conventional and loan spread turn as a of said, newer. to both – across XX page diverse USDA So, the and really – SBA, almost look if you both product $XXX increasingly, and and, the at set mature verticals, offerings the ones XX million production Chip over you
to balance in in things the dots larger into more You ground just expect the of as there can grow the we've see couple verticals bubbles ones. And between there's we the you the see the gotten new mature production picture versus small from that well. a off of
to lack in consider strong paves we're the pipeline it We And of and really still main of be quality, the quarter. second doing way remains is components really so we're The without the pricing. which but really half for three our opportunities. our what we that first finding no a There's indicated of compromising good. credit think quality granularity, the We competition, year. great
Chip slower It's we a better last at industries. little loans a portfolio range spread than look from kind to be prepayment what up quarter-over-quarter. the the what If loan of billion more guaranteed actually $XXX mentioned, than we little lot of of We you the speeds does $X held to into again, as by a overall a and coming our million anticipated. the than specified end The over portfolio, higher that loans, bit year. that we of of continue anticipated end across
that's well. positive So, as a
the the really remains across granular book continue as across be exposures and you helps the which, you see XX, well. As quality diversify portfolio. at then page loan of industry on small, think, and geography to we that look you'll both it And look a
XXX little the bring every insulate out, this trying of – events kind bunch which with us and sort folks them it think spread running of day to are to find some we we from around in. country they're us loans macro really is granularity. potential hard helps a So, with But of look,
quite we're turn you the in structure and to and terms you loan credit despite our percentage net in standards low as and to at of non-performing portfolio When So, look loans XX, continuing well, what continues the basis a are XX bit, really numbers perform points, the hold stats, growth, too. on slide direction look we annualized criticized the trending declining right approving. actually really charge-offs at the high specifically little of
an over Chip mentioned We're into the at a this economic recovery. outset. decade
We relates continue and ahead remain as of our it to lending really not to getting vigilant ourselves. standards
this to solid with the it consistent remained over the deposit gave growth. moving X% – now, XX,XXX So, Chip preamble quarter. strategy, – up and call QX kind the accounts side. of prior of retail
manage source we low-cost we're remains savings be as great think some Retention rates, a but this the around points operating overall talk And headed funding pretty market funding expenses. And rollovers. but couple products, our potential of cut, for rate all-in. rates, intentionally with us we more their of saw it pretty of of us. about of as anticipation those CD market little a relates source it platform to players efficiency largest rational efficient where XX steady the it's and the the we We'll new for in pricing. was to really And relates basis a continues drop to of a pricing
so on So, statement. million include income harp the And talked too $XX Topped quarter this the up revenue, servicing we XX%. the to much. back recurring and Linked interest net income when revenue. about Meaningful you the won't I growth.
servicing loans and revenue that, declining fully You'll as less longer by replenishing selling design. that's see but no we're the
cash then on story some the to testament continued a bit X the a up the which And reduction side, little that side. is basis It funding stable you improved to lending the as X.XX%, also of of deployed we on pricing NIM in positive a and lending book. see points, costs liquidity into on discipline the
balance Fed range to asset to stay X.XX% margin year. Fed QX, a on going in We X.XX% think that. Depending remain added the we'll little is stable potential between the the on moves. the of QX, anticipation sensitive. what of does, to were sheet in We've this bit And stay we duration we so
invest So, a thoughtful And well, expenses, to across is how which segments we summed a we work places our to the and it expense side, to the I in think of really non-interest find up it's redeployment but continue continue manage Chip many little of nicely, happens be expense. so we that bit of expenses. as
first Overall to you growth. growth, over million sort the the $X million on quarter, less little company. focused continue than operating a the headline being of stay a to bit expense couple of the resources adjustments number, gets $X.X core of good of stewards of We'll
and on we're we'll products. of We've side. to some the deposit continuing on and We out people the they to brought And help invest lending continue new us and But also build investing new are with teams. well. as talked the some we're great about value side to on and technology adding folks
And US built making to simpler. are to infrastructure products, day incremental a all of banks kind things new the launching banking are every go with of and you drumbeat easier next-generation which UK these the the primed see others allows they technology, of design from disruption, that challenger market in are on platforms progress. gets largely, the industry that is use, louder to Speaking the for them
journey. in And right, work become new the invested clear. here, road investment that some an building we've all all been as and of infrastructure, cloud-native And we've has a map in significantly these infrastructure. around doing ecosystem that API, seeing both open we're companies been know, you that's our technology, financial of designed been in And multiyear of
Putting pieces lot it. and taken a together lift hard really these a of from people it's to all is do heavy
before, this infrastructure As we've build. an said year really is
in and Next to products results. deposits year, the see financial we of expect lower-cost benefits our those
next we'll stages the of and So, And the see in availability of whatnot make products. into family going to various we some year, that real think launches year. through friends first And into this its way you're of and and of kind next pre-general year, results. real go will launches part financial testing,
on where steps wrap So, go, to financial slide metrics those we of kind And to up, solid made XX. we this page incremental to to targets. shared we are get looking and
are targets as taking achieve to doubling after ratio on continue that down of we'll and Basically just quarter and XXX look you basis efficiency see, about You there. ROE, quarter-over-quarter, to We'll increase points quarter over our basis scale. XXX points. that we continue confident layer these we
We'll committed We across that's execute some to delivering the franchise. going strategy, consistency, and us our core to and profitability. remain growth drive help opportunities exciting new
Chip, questions any final we up to thoughts before open
