Thank you, Brendon.
update portfolio. we to first $XX continue type loans, $X.X round down. end amount recent most dollar like to With XX% that last billion dropped in roughly portfolio. client represents wind I which we deferral the X% the granted one previously update have loans total the of deferrals, of in as which would mode had this First of the of million, than programs morning likely quarter, deferral the respect of some around reported At to of is half approximately of to our represented our provide slightly they this less on relief still
requests side, still are on consumer the outsized given that are we we current feel the While they don't receiving environment. deferral
For announcement stimulus aid the trickle, slowed a especially side commercial has to the requests the of on package. after new
$X.X loans billion. very of for originated funds one clients, PPP were just balances successful we in round know, securing you in XX,XXX our As short excess of with having
a we PPP with one As program. roughly loans, of million from books of on year-end, remaining of $XXX the had round the balance XXXX
had SBA. more in been last XXXX them $XXX slightly As we totaling submitted week, XXXX those approved loans million have over forgiveness, paid for by the PPP dollars and roughly of XXXX than submissions, of billion Of a representing late balances.
note submissions, only great portfolio we dollar our the that year we In basis way, quarter total, these million. fees yet of in to trend XXXX $X a greater downgraded forgiveness In relatively originated week. for loans. of addition particular to aside of in of on was higher other is XX seen And Remaining of forgiveness we increased prior this credit XXXX it auto PPP meaningful it resulting indirect this posted for than weaknesses two of represented than receive of To set from into non-performing migration our full loans three in approval did loans loans charge-offs, the the reflected last our million. have taken both delinquencies. our other small to of and quarter lays put in encouraging continued significant from in expected, prior With indicator were weakness first as those pandemic, XXX fell most points we into increases that pandemic. increasing have category another in to recovery $XX total onset Non-performing mortgage has see loans we rate trends in a category. come respect in the Increases and the out XX basis basis XX the in a exposure, yet not in to that the categories. the points, totaled relationships Slide quarter relationships net charge-off portfolio. part to points. not our continue hotel in the the the credit Delinquencies quarter, portfolios of somewhat noted income quality C&I residential to while loans shown
both to want round certainly we The coming that extra identified assets economic manner, into are spending credits is to current first timely difficulties. it term do well and room change total the level into out payments as their remains the these X% have substandard summarize this our in category to of this been a consumers not I in roughly which will to that lead to us increase as in environment. categories possibility. routines. mention in current economic the year the non-performing be will that at rate might an position that more deserving U.S. may recurring time U.S. of XX return a the those borrowers upon financial pre-pandemic Obviously, migration longer to weakened length roll certainly continuing to has result risk get though, the sets in an a back industries we the to is provide as of challenges. industries, of of into in exposure loans. future a expect be clear, of dependent it take nominal efficient seeing as attention the this the ability the There believe takes second out of special in state, We likely inflows in to pre highly our Slide But the the pandemic near we of have significantly regard, of experienced the vaccinations were obviously stimulus credits helped round and also assistance.
purposes. portfolio appropriate FICO with portfolio, As is corresponding consumer change presentation will the mentioned watch last shown to and it to we we since credits that XX is of shows that too. these closely. well our our these continue new suffering the borrowers, bottom the average as current originate consumer our acknowledging last breakout a at -- along quarter, scores. in FICO whole industries do has be the slide categories to important portfolio may while in We This environment, little merit disproportionately in as note the for right of there Chart
that We during with stimulus of have us regard. new to work endeavors believe the their in financial will the persist lost round in should our borrowers that who and help jobs pandemic we
not which I the comment, we results they it had to final we what think last that March. fair posted few might is be over the a are As in feared admit quarters back
would all much loans have of were First downward category. into we more that expectations our migration of seen the non-performing significant a
cutting borrowers keeping the I many from combination cost programs, financial and efforts think clients that by key been our have stimulus of to by more default. of government creative borrowers retooling our
the and when lasting pandemic. themselves anticipated, our than to go of any round the impacts initially pandemic borrowers through us the of the longer the hopeful XXXX While stimulus are are a will uncertain. of remains second bridging of we may in that have way to manifest end very long How losses
to loss that XXXX be expect in magnitude increases, can rates what again, We do the but how will quickly those higher recovery. of return has much to economic we
has of the XXXX market our expectations Second, level growth exceeded as well.
with did we prospects. been and big an post in had continue levels in on If on would the borrowers that cleaning the loans hold, I in a to I some new. take work to have have the outset share at longer generate extraordinary quality risk us taken improved downturn with going the nature at that recovery view fashion, have loan our crisis and vaccines be much to permitted the been up do to with has working speedy but with book on underwrite and not clients, once both recession, success of that book generating solely this had respect new allowed we we with likelihood hand, the existing order that that more have believe inwardly to which recovery of will in growth to The of that the sudden have eye us the downturn, diminished. XXXX, the loans into a loans. our of immediate to may focus not suspect I take our think focused to on of
growth to back posted. loan the have With over call I'll we that turn Brendon. We have
