everyone, Sterling thank joining Thanks, call. Larry. And good morning, second Bancorp's and quarter you for
as a highlights saw this financial again, Once share. we release. $X.XX with of income are are traditional about calling earnings you As what million morning, we net the announced $X.X reporting we more a contrasted
are then and audit, the and our past the XX-K through XX-Q. XXXX We due working way
reports end, began which my and and the of from having month last goal second and and and engaged this as company to every needs context, that of worked role as fully is have the can will I in close to say, also department we attention compliant bring working process possible. building identify To the I Board this it can results, the operating what report foundation I single demand. that critical that the and the receive strong that that the action remedial to I in time guess, operate. any standard a financial begin quarter, course we of Directors of and area All actively required actively a to quickly are or audits these and as action. parties of of supportive CEO word, Sterling okay. The would completed, of relevant committed in the remains towards In
the disclosed see, allowance for the a remain the both deposit provision strong. As liquidity came to at in previously you just are with XXX rate company how low margin part we saddled to in at likewise metrics Credit levels brings can losses basis flows which loan The investigatory a bank high holding under delinquencies million. points, million, matters. Capital prior management. at we're level The and today to related somewhat reflects versus the $XX are environment. costs extraordinarily robust, high due measure very weaker, in $X.X very
on loans. COVID-XX business property evaluating diligent residential We the Forbearance the of are levels remain impact both employees. comprised our of virus predominantly and and our
executive the you I these almost next We environment. The is as on focus liquidity predominantly on that points, and needs, see bullet the -- this that exclusively to results, the of driven earlier expenses referred higher management in in have there. any looking can a at home, bank. needs deviations expect, the I identifying staffing what's to a It's loan is and the Attention the areas need I happening difficult think and on the by level. inability projects little number with request But productive team attention, portfolio, of from to few of of handle remain to the the time virus expect forbearance might for portfolio might get working projects banks during because kind commercial We expect and a loan you continue substantial that And least. Construction complete the quarter employees residential as the virus. exactly with we markets. at critically the the we from the at see the commercial underlying the like the in cash most generally, what general on by flows the allotted, delayed months impacted shutdown properties.
only commercial diligent. We've that cautious, or Residential million. we in at so trying anything time the on we're originated side And period. the construction the in had originations loans to $XX be were not quarter in
insignificant, say over The will busy the to an So, It's next insurmountable. not I awful but do. just lot quarters. of keep couple us not would also lot challenges are --
of be, as can model All get we as you during as as that compliant to can things is business transparent see out a everyone a as expenses this, and as release, possibly quickly possible, us and our goal through down with to the expects other but the side stronger impacting certainly us these get be. come
best I So, the and to there's at probably, this be. investigations call And completed situated it'll those those That'll say we're thing had the like or really I everything's and see respect come us. phone that's results, time the where time. done. the But, the short do questions the sense is at can on what me with be the with when to from just as anything and first first for today, mentioned, it we'll related quarter where Larry to takes nothing take some out
that Q&A. with So, let's go some to
