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in assets, Now $XX.X moving the to core ended with the balance PPP. quarter sheet, we excluding billion
end. Our loan quarter billion $XX.X book was at
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technology Moving and banking, to financial institutions from specialty lending. well We’ve the as heard and launched two Jay VC verticals, as new in based you Dallas. as group
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been put our this credit personal as time. banner to underwritten only customers direct customers of Now, the the that originations. is middle crossed compared at our million of XXXX which sourced had with $X consumer in portfolio To billion program. in portfolio $X of $XXX the ended quarter of the on crossed quarter of digital of direct bank been billion moving by a of which the bank our digital loan applied directly. this to source perspective customer’s XX% XX% loan $X.X Customers We of has personal business, billion in up a business sourced directly under December
within and neobank It that digital digital sell medical, branch. and tremendous all is cross credit-led opportunity As in help cross data less you savings our in created profitable we we add can dental, additional these bank loan partnerships. XXX,XXX to specialty digital that a we’ve roadmap than presents sold are analytics our capabilities see, digital with that science channels personal loans, mentioning and total and for our customers. our X% create who This bank through over team digital our account products our over profitable, customers for to through customers in worth loan, importantly, and prioritize to products our student active date, PPP XXXX marketing journeys XXXX to teams customers to pool. XXX,XXX extremely advancing have an of active When coming customers, increases sourced data our
total gain Moving loan quarter, million team pools, for two already $X.X digital transactions to to $X on the created the in bringing investors year. million in sale initiative, to separate originated which the and consumer in year-to-date our sold excess were of our our target
million – have to year-to-date. for We sold loans $XXX sale originated of date
expected or first partnership and As also led launch has so. XXXX, which joined to been in on in previously team, was by last our we which XXX our mentioned, are working fintech marketplace days recruited embedded the lending
opportunity effort our customers. an you heard additional with from on digital credit We’re have and as card earn an new also launch relationships multi-product to consumer to products continuing a to work in Jay working,
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credit term XA, SMB already to launched the card revolving loans, with our credit, are digital near build our an with to bundle. PBP Moving roadmap. line rollout on of is small This all advanced businesses. term commercial is the starting which has digital critical This in
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Moving had partnership significant and our August it to has a you with forgiveness Slide in We X, the of acceleration see be and has resulted as proven direct our PPP XXXX can forgiveness decisions. incredibly launch in smart to soft for originations. SBA
take just We able other process and proud a many such the of. these on have loans in entrepreneurship of technology to matter to that banks of team’s collaborate initiative I’m the now will ability of technical to an been XX% weeks. have advantage for over forgiveness agility important
be XX% capital This further of in deferred improve broadly our origination more to and see, can still strength. under our Flipping and to we coming the you just quarters. fee our franchise position still Slide recognized have As X. will
first month. see you’ll with the the launch our launch of a summer analysis, and of our comprehensive of completed selecting of partner and earnest. we compliance our partner eminent anticipation up September, by this timeline In and into began commencement and summary which we in contract, build earlier opportunity testing payments a of started a platform, functional late signing our our CBIT after after soft Here, began implemented the months business platform integrate processes development of had we and This and evaluation. PDAs a We opening environment with overview we launched our nine and process. launch fully platform
Our all we bearing in today, customers. minus, balance non-interest on soft our focusing sheet, months include remain profitability around will or discipline. group launch banking and soft for plus a to XX commercial opening broadly will to customers we few and up launch before capital expect deposit With be more
some We already are which are of taking flight. actions on the following in items,
down funding million $X.X $X.X per XX PPP and paid by LS funding no We the in we have third quarter basis Firstly, our billion or associated PPP saving remaining. an quarter. LS points currently
are improving reducing cost and focused higher funding mix or we cost running deposit on our by off of and Next, deposits.
over example, $X.X basis savings our totaled For digital bank have billion XX rates and points. deposits around
mobile $X We associates as our of by deposits, a off runoff also September have end the which were of around planned of XXXX billion bank XX.
our on cash We million And thereafter. increased also fourth further focused growth deployment. fund interest we of will improving lending size earning deposit excess In to are addition investments deploy asset to quarter to franchise, by the our the we of balances laser portfolio in and necessary quarter. $XXX in and continue organic the
through I’ll XXXX. These and capital technology teams stride asset With loan up terms estate banking. our the in verticals digital ramping have adding gearing that Carla of nicely to cover detail. launch and real-time growth, finance, financials up the and are XXXX more geographies be been it In we’ll pass in expansion and very teams platform commercial a tactical of real specialty hitting we to our by finance, fund payments for like lending venture
