you Thank quarter welcome Luther Laura today is and first Burbank Chief Good Financial XXXX President with Lagomarsino, me Chief Corporation's call. Simone Officer. and very Tarantino, much. our is and Officer Executive conference to earnings morning, This
the our four distribution vaccines reflect our on are businesses not a and future. but reopening to for brighter I economy signs of first to broad I months progress, only year, of bank our of small for am country. As The gratified and this see the of welcome signs
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prior an quarter prepayment advances million of prior improved $X.XX within income in we’ve recorded to of compared $X.X net was the due the diluted $X.XX net million that $X.X the to quarter’s XXXX. provisions share million our as million per of a or the adjusted the loss income earnings our the the excluding $X.X we for increase non-recurring per compared of portfolio. when recapture to $XX.X December Growth For charge loan quarter, of improvement quality loan and in or primarily incurred diluted net credit first share, FHLB in to attributed income interest
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were only plan, payments. and payment or on one remaining the deferral ratings to for to more demonstrate quarter loan the that risk our been making loan payments our and This that of result by in impacted additional of vast $X.X of this of XX% criticized was the upgrading criticized we scheduled equal was payment majority deferred returned extended pandemic, declined that program, the borrowers and and monthly to to ensured the to the loan, balances, payments having payments in our March service our design on to on relief single-family borrowers months. full pandemic-related number now believe months initially payments end experience direct payment the loan this in during so loss impact million their at setbacks our had as and which payment once deferrals recapture catch to Prior all the to pandemic, $XX have deferral three borrowers, ability quarter did payment of loans successfully any the outset these bank their modification significant program designed a exhibit reserves the borrowers upgraded these Our deferral month. needed a from million We a that payment The COVID-XX quarter. added related the the from improvement At loans, by we deferral not temporary the monthly were borrower prior status. to the loan positioned our supported to received received up who conclusion the of XX, it who or were ability return performance obligations. pandemic-related returned of the and of at period. them manage modification that At had
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XXXX, for equity of level with average less loan return reduce I'll turn year's period return the than expense we Now, of our margin ability on first on return basis is to quarter previously The first return of return provisions, to non-interest and and reverse for significant assets for in been and on to briefly assets our would assets the XX.XX% the equity along not adjusted improvement on and compared the return on points the XX and prior in an million interest have improvement a net $X.X Federal net quarterly quarter. as in prepayment quality was XX.XX%. Again, which the million XX XXXX the respectively $XX.X totaled points quarter. in discussed, fourth year credit Have that the adjustment for to Bank cost respectively. loss basis a XXXX X.XX% made fiscal of Loan and equity income resulted Home X.X% in only on adjusted
sheet. balance the to turn we'll Now
assets we $XXX and million billion, by digit $XX meaningful retail the increase by we was indicated reasonable this loan at deposits. company's expect is totaled in reduction due of low-single $XXX believe quarter, of a prepayments, XXXX. million million, end reduction assets funded to see cash. for growth loans in growth $XX $X.X our we a remains in The offset The capital that X% position assets and primarily a growth increase million since increase an in Until strong. investment Last estimate. your-end. or still million we that March in Our Growth primarily of partially $XXX of was
price During the per a our quarter, value an $XX.XX. tangible XX, share of of XX% to shares or we purchased common discount book $XX.XX March an stock of our at additional average XXX,XXX
we have in an million plan remaining $XX.X authorized share repurchase of Additionally, active continue to funds.
on cash turn and dividend the yesterday our to XX, now loan per to of to And shareholders May record of a for update a We share Board are presentation quick $X.XXXX as declared announce, May the common trends. I'll that that, payable with pleased X. deposit Laura Directors on quarterly of of
