pleased net $X.XX compare was share. conference our you Thank Bank's $XX.X million quarters. the third gentlemen. numbers call. quarter and joining income ladies much Preferred very I These with two very am report you prior earnings to favorably per or Thank for
a for costs in an in just something ago. third if already are I'm at improvement overhead quarter. to basis, magnitude that quarters have asset sensitive press and we very about pre-tax largely bank. reaching quarter, is recall, control. Many pre-provision But to a significant high continue due release, record always show reduction we fourth same as pace pleased, nine deposit third liability Deposit considered income not a and the our the you bank. in same sensitive but to net have is reported quarter. quarter Bank. in on and Bank two will to costs fact, The decline people the have our months net and the this the the income was In quarter's you continued I you Preferred
For excess increased X the interest balance reduction was to points cash a sheet on and margin mainly quarter, from net previous our hand. due quarter, X.XX%, a larger basis much
X.XX% X.XX%. the improved interest ex-PPP margin actually net on to from However, basis,
X.X% grow to continue deposits $XX quarter Third million. or
of I $XX affected However, is our which New prolonged the area, our finally guess trade to And to in and much loan shutdown York attractive, under matters. loan declined attention a flow environment. current Angeles, and is San seems deal the has Francisco, focus - main be less credit be seems - and opportunities lockdown million. the our Los on pipeline. new of Today, also
total we XXth, less loans, XX June of nonperforming points. basis a little some than As have
a and portion larger Meanwhile, the we can a We have of because also basis. the for provision conservative a was exposure decided dollars. million decided see have the for our to loan and on to whatever for of charge-off number quarter $X - amount, reserve of them, loan-loss very quarter, we full
as at result, loans So bill stand our continues. a credit now reserve to Total X.XX%.
all a In $XXX under and the million. was We've we balance the $XXX million. that also XX at CARES of Therefore, amount. are very act they we out June great total be had a side, at indicated, very our loan very to billion encouraged to XX, December at are plans, September deferment that reduction. modest learn, borrowers deferment majority balance reached could On Balance a and payment modification their their was XX% third $XXX them soon. scheduled practically XX of the planning about inquiring quarter, to received was resume
balance our equity significant the quarter, this, I'm third our loan-loss number bigger the it questions. represents For and But give reposition will we Not our year's you us Preferred was your because rather, return so after ahead. elated work, culmination bigger at portfolio Thank over XX.X%. We loan one is provision. a to the earnings to the ready believe uncertainties sheet. for not because about restructure on and much Bank of represents muscles and fight