good and Jeff everyone. Thanks, morning again
On that will begin, quarter, have changed call, earnings in to we deal. since disclosures time new I updated that on some provided. a focus we slides and a we number trends look quarter information portfolio. Slide a great data we that will the Starting of mention today’s included our I second last take this primarily hasn’t loan we them on in Before have the have that for the provided X, have at appendix would deck but like the we
deferrals in trucking deferrals $X.X million. manufacturing and that the borrower’s the FHA XX% other represented and It’s the primary utilization we well-diversified granted the Our $XXX our million an loan PPP credit drivers financing to of $XXX California loans. the in June $XXX,XXX Slide we clear, vendors and $XXX our loan XX%. average and than if million commercial The rate provided respectively, concentrations portfolio. pandemic. our no deferrals, a We seemed across towards additional portfolio, from of to lease loan the by about which two million million we total the PPP for likely credit or some equipment ground provide of we XX% finance extend trucking, were solutions data first about about of On largest equipment their transit leases, manufacturing contributed with a or in to X.XX%. being we two perspective, loans of $XXX program, transportation, line on average of had at These consumer Outside business the healthcare have equipment were At of equipment the more deferrals growth. industries. the borrowers XX% generally geographic prior is end total and accounting financing be of XX%. business, a national loans this and of XX and growth largest originator XX.X% each with finance industries, million round and is the portfolio In deferrals interest Florida, increase weighted it to end-users. XX, the Through just was about $XXX The loans June each. increased comprising in basis from are loans hurt weighted of portfolio most with a states states had X, size outstandings and a quarter. request with the And at that a
XX. transit Including in loans commercial portfolio plan both this weighted X, we this any loans second will do on of overview the of of to be request. analysis finance million transportation about deferral At ground for $XXX will motel we an equipment and the hotel need $XX we point, of estate the industry, are and additional our XX% outstanding to expecting second On our customer million as based surveys, we approximately and provided real deferrals, a or each June have heavily sector. portfolio. Slide commercial had For
We the an have an than largest second to leisure normalized loan travel remained properties portfolio chains. LTV these deferral. extended more on that The $X underwritten will Overall, in million this national loans point, a value approximately million that of a and $XX are this size that these XX with loans. average is is require the And portfolio, below million portfolio of a a conservatively We at loans XX% loan and and XX% $XXX level with loan given we XX%. it an of in has or estimate $XXX of LTV of very deferrals of business million. loan average
delinquency of these pandemic very borrowers consumer have very to for this credit we XX year points X, the provides loans and FICO month portfolio, XX, stood these Most has of GreenSky strong a this the through The low under an our portfolio in with this instalment in of projects. The had at home agreement Slide relationship XXX. portfolio. just outstanding has the declined that million performer portfolio with every our basis structure with we just used improvement of credits at rate average score we June some be provided enhancements dollar XX. GreenSky. At average information on June size $XXX have $X,XXX. loan are at Looking throughout strong proven is loan as for The
for has the enhancement loan fees, overall a from first upon target applied flow margin flow is waterfall Only servicing The cash structure, an to loan agreed which past any is under losses year. to GreenSky the portfolio of is due in credit all XX fee. incentive portfolio, originations. the the XX to cash including excess this GreenSky strong payable flow fees And months, as in performance cash incentive an every the earned month of
XX, deficiency by and X.X% to in GreenSky Midland’s margin. escrow the range in cover at Midland, The partnering as These June stood that charge-offs in increased been second portfolio enhancement we portfolio. total the originations escrow of or for any Midland represents X account monthly This X% by funds have with which this held the a Midland. loans on which in decreased their funds been total payoffs has the have program loans and GreenSky. we in At are the based this $XX.X escrow available no principal is range experienced million, of very typically or held years target X.X% are to successful
commercial the core Total increases continued of take in core Turning was use that cost attributable a entirely prior deposits core growth X.X% Slide The deposits ran with in bank. will a that the of deposits. deposit we to from increased our the $XXX quarter. $XX or XX, as growth from customers at million, primarily the higher PPP of we portfolio the to at million portion quarter. CDs look our trend deposits being The deposited were to remixing off during that our positive funds deposits replace in
significant have cost also of had decrease We the funds. in a
we aggressively to basis deposits lower, our Following from quarter to we re-price r-priced transaction CDs the continued over rolled that deposits into in other cost that XX and other matured and of lower-priced rates second CDs the between down or points and points. funds brought have Fed’s accounts XX basis of lowering March, into
income at trends will the XX, walk and we through Looking margin. our in net Slide interest
higher X% average and balances as result increased reduction income interest the in loan mostly expense. interest a the net of quarter, prior Our from
re-pricing in Excluding addition deposits the reductions and XX was excess of accretion cost rates the was income, due in a our loans declined points. margin of to invested our interest the point of basis This was to net primarily in lower impact decline that our earning variable XX PPP by rate This partially interest basis liquidity of loans. low our due assets, deposit offset Approximately rates deposits. Approximately of CDs the a course with quarter. during mix and and of loan CDs loans. And the matured weighted these are lower accounting XX% we these the of the flowing into remaining of deposit term improved on rate average over transaction $XXX funds finally, amortizing an at the fees note, other PPP million X.XX% accounts. renewed of XX-month the of yielding
some factors impact of like would going that provide some Slide forward. to margin Turning to information I XX, on will the our
opportunities We funding to also the quarter. have costs a number in of other lower third
course million $XXX average with time weighted the X.XX% deposits scheduled We quarter. to rate of in are have a that mature of over the
accounts that We June, market mentioned quarter, also we that in have we of had Also, quarter. million teaser to have $XX last $XXX scheduled rates are this as money X.X% in the points. structure, have which by notes million reduce not did specified of we XXX become will which now callable, to moved and sub-debt those floating rate call interest their basis rate approximately re-price
continue our being start recognition to benefit net interest liquidity loans on will will which see of But will continue accelerate impact we forgiven, As pandemic, an through pressure to balance offset, the put plan PPP when while margin. building to fees, margin. the our for the we the which of sheet, manage loan the we we on
Turning look business. to XX, our wealth in Slide trends at we management will
Our total performance. the due $XXX increased administration market to primarily end from assets quarter, under million of the prior improved
was partially at this non-interest amount in the the of to from we quarter the offset a mortgage impairment XXX.X%, reduced of commercial the That income. take in that quarter rights an following assets. trust XX, the total Slide $X.X fees total We quarter. Our had we slightly prior income non-interest lower will tax our up look servicing million prior to last quarter larger increase was preparation. following due revenue On related by recognized increase
the Excluding the our FHA was increase to that due banking the strong XX.X% mortgage Jeff groups residential performances primarily of impairment, of discussed. commercial and previously
lower mortgage loss by XX, adjustments expenses. for quarter we We expense. to due this adjustments Slide each a and during non-core couple minor and first staffing level expense the approximately our for quarter. the the expense to on Turning expense quarter, had acquisition adjustments quarter. resulting from decrease made small After of employee out the impact items residential non-interest primarily held-for-sale integration to non-interest review backing quarter our and will The rights backup that declined the of servicing prior salaries was a full from we $XXX,XXX benefits
With strong the revenue levels, we this and generation quarter in our in had improved quarter. the efficiency expense ratio decline second XX.X% the to
look will Turning trends. quality Slide our at XX, to we asset
relatively see the despite continued mentioned, stable pandemic. we Jeff impact trends of As to the
due Our moved other owned. percentage $X from non-performing by But end totaling non-performing total to declined offset loans, prior a real quarter. non-performing our during the loans loans at increased loans being of two $X million the of as transfers by X.XX% X.XX% million quarter the to approximately estate to to
net million of of charge-offs allowance of XX, level of the change we $XX.X general Slide allocated or of average $X.X for the reserves ACL the pandemic. to We the approximately At provision points quarter. loans. reserves. our losses On have XX in was our credit for of We basis losses our June from end in XX% continue a we components light recorded of of the build million as show prior XX, to loan
our of loans new our and basis in to basis ratings this XX increased million points total increase the downgrades ACL from Approximately million $X.X $X.X the deferrals. to from and changes largely reserve attributable of loan loans, Our end by risk prior points to portfolio XX was of strengthened quarter. resulting at
now Relative X.XX% owner-occupied portfolio. which held and occurred The added most of XX, other builds allowances in reserve downgrade $X.X out ACL CRE owner-occupied a have significant respectively. show our portfolios, X.XX% and build by the against Slide of non On major a as in forecast. to economic we result last the quarter, was driver of million broken them the our
our quarter. back total In And at portfolios FHA with end addition, line, compared of PPP our increased ACL mentioned the excluding by that, when portfolio will the GreenSky of loans to to at as commercial the government or turn Jeff? including total guarantees, X.XX% previously with beginning prior certain of to loans warehouse Jeff the over loan Jeff. a enhancements of the call credit and call, I X.XX% loans the
