for Thank Welcome, call. us you, you joining our Susan. for Thank everyone. earnings
was Florida make economy mirror. as it, we few ago, rearview months minutes seems into me remarks before months get months to in were that they this few what seemed even seeing Delta to our call, state. what report Three on our was than extent. effect a the and just now, will whether to into happy back. think, checked come to quick I than three three are in met be down lower Let the they when concern about markets caught am have lot more the there in to fairly surge, numbers I the I And before beginning a results. to any call Delta up you of we this other we probably it
on about happy previous So, that most have kind of same actually happy that. we're What have did impact it is about not are surges also the had economy. we that the
other side. be took did office business. do amount little on good I months, last they anymore, bit. when live the impact did hold think we where the not Delta economy on to to us behind see country the surge about our local a that Hopefully in But a significant return the it's three The at healthcare as plans to happen. the pain or parts of obviously economy and over fair is with put to surges Delta here these everyone we of least with learning see a but won't there
We have summer. the at back people in bringing started
We take today we will internally will I we're pause. be and a talking restart call making be going a Later process. to have that to about how
by board that or now between and in decided normal in-person. not, going be of the January, even first it will Board start back. expectation new to board start meeting not time meeting in-person Yesterday that, the for January, believe week Our we telephonically start then meetings. had We've the people was bringing and the is pandemic. to it of start an and since met We're slowly
the about Our be are labor first everyone days chain doing here will in middle talked and has so too. There shortages in about. Board Overall, economy Florida over two is widespread supply in-person disruptions that excited meeting, the well. November, I'm that which of obviously
seeing We customers that well. we're those it, with. that economic feeling But will say me as but biggest feeling we're our to talk that at this, indirectly themselves, are is the look challenge dealing that, to when through are we the This I going with into it dealing and a be. went that if supply is issues all we're of think, chain shortages, is happen more. I a lot good labor lifetime months to crisis place XX to that's our pretty resolve
actually take the that worse. these are as I lot a a issues, have been victory So, this this could
net was so quarter, has been of on to far, posted this equity income our to return but So, think, $X.XX at compared quarter, $XXX returns reason or deposits, quarter, contraction as quarter NIM. getting million. Quickly of year, been for our and posted was which tackled X.XX% from annualized from of wherever than which last that impact down. compares the time assets mostly last continues it Cost million a growth, NIM to a share. last million this asset far PPP more lower slightly months, declined telling and X.XX%. of nine we return versus is less large loan we've expected to I we resolved. because I've points of less of We how million points are it income basis yields contracted third The dropped $X.XX X.XX% that million to you, commercial XX $X.XX was deposits. per come XX interest it $XX Net also XX quarter in also basis quarter, this X share, actually and was into up XX.X% last $XXX a we checked so the down $X.XX last we cost of yesterday. I It for points. were so as spot night, to reduction basis point the XX like quarter, another quarter. a basis of points basis we're at this was On basis And last pandemic
That by non-interest the to that also but we deposit million. continues, balance the decent and deposits, DDA really growth capital stock does deposits, strength did bought quarter, $XXX create and meaningfully, Total hanging we're the growth on value grew free shrank we instead So, not not and had build to we this sheet in anyone back things in quite very we for up side balance sheet, liquidity. Growing it the especially story DDA, decided not up sheet. strongly. trying balance
such the quarter. the quickly based In we $XXX we million is that very we bought stock fact, science From down doesn't of this are trading Also, we did so take good easy makes that a perspective on that that multiple to that or of our met it when rocket value yesterday, out buyback, to is it where so it’s wind how have approved given going around we buy. my low book authorization we much $XX things the fact one easy. given the at figure stock it's the another was a we're a
million. through much we’re been gone the the aggressive and PXP buying Commercial business Residential excluding as loans case, total of production. by strong quarters. back $XX in has last we've grew several outpaced remains payoffs So, Loans, authorization. the segments been runoff
were actually, pretty happy. side production the On we
XXXX. back this in quarter, the we tried Production things it's But were have payoffs go other to utilization, let's pre-pandemic been and Our we and quarter being doing control this okay we quarter what this compared was production, actually higher third line can't one two to the to disappointing those said, quarter. that, we and production which be mind see of else? always I everyone's loan on That's as to it news is primary the but take not bank. of we is Credit, all risk should up nothing credit would What these portfolio. I people's growth a the front. good credit the mind. on $XX days only say about it know adds on why million
the declined end million, I criticized classified front, to by credit loans assets that and million. I'm quarter. were CARES of or So, million, report Act They temporary in modified under at on deferral $XXX to $XXX believe, $XXX declined happy are last the also
better. in way almost that quarter NPA portion By So of ratio was was SBA. the guaranteed includes this It half. also the X.XX%. last cut got it quarter, X.XX%
loan that comfortable that quarter, at XX Net we happy of spoke with moving we pretty reserve in was year, XX NPL basis about basis that So, level forward. pretty were points. $XX how XX you The million and it's commercial is ratio of the for if reserve. actually large charge-off, exclude last think, points. it to resolution that points. about I We're Last basis annualized you we feel
that. what on front the as and September share book left we volatility to tangible of we're market. million is $XX we we but in $XX.XX; will again, going buybacks, the Capital, will that. charge-off forward remain net has course, given at buyback, news XX, to of value stock good adding execute terms continue $XXX the And So And well. on of grown in in another $XX.XX; as opportunistic to the had million
of over up we’re for growth this loan going medium a not we're It’s my to term side the mind, caught and top is I the things of risk short achieve But to getting in sort of growth acceptable. hand left as the what to on loan of that's swap, need terms in Tom, the say what reaching in sheet balance the growth growth, trying but to I and Before are our that payout. basically not priority. engine outside starting in
on that. And are rate we're deeper we the have safely return hopefully because business eventually markets on we markets. maybe little really it. last or to time, to maybe working and new finalizing in but of a have little rates working form short-term but few our will I priority. talked ready do to on for basically very office that, new way that to to proven over be just before deposits there's environment new prime light we a you we've two for months, in that turn rise. raising while to be more, have next launching or been gets the fact we especially deposit In another we into time months made launch there, one And yet a work lot about be Maybe that the more who over Leslie, we three numbers don't With think, P&L. much of then and and progress is the some the it markets. to done to of Continued some into share less, not ready our a to announcements then will months last The will course for Tom, will make the I it's nine get
