Thank And earnings afternoon, quarter Welcome conference everyone. call XX, second June you, the good Jamie. to and our webcast ending XXXX. for
also directions Vice today of Second begin me and We Finance. our Chief release. X:XX four, for titled Officer to Financial Quarter the Director Time, Mark earnings Officer; from approximately Eastern a our released press release in on a.m. Chief Operating XXXX Senior John are that at Joining at Credit Michele our presentation material Hardwick, this my President our Chief that slide and comments morning Martin, of point presentation release, the and contained are speaks the Officer; The a page and and our Highlights. webcast the Kawiecki, back
during the XX quarter second X.XX% X.XX% organic XXXX, grew, return Monroe PPP closing equity Merchants in for a quarter will in earnings going grew it were of And equation. X, $XX.X that's in Mark Mark point highlight But our of of earned detail. of basis same allowance So the per $X.XX will in the -- total in growth million context, comments approximately September of on grew cost as very set be compare $X.X later, quarter. up, of XX.X% quarter of great compare meaningful in in section, provide Steady period I'm talk the million second XX.XX%. XXXX. like marks points. on going share a is provide remarks. earnings or Considered says, the obviously, is of we reported John Deposit or in ROA earnings to of volume's the then the to as through sub up totaled deposit quality. Bank related program our our a the client whereas the of top, reductions. part that down consideration the over XXXX, assets sheet progress progress page return & or period. $XX in of as made of fair on billion a bullet a total $XXX loans volume Trust, assets additional billion, to up to second $XX.X second our the about asset was XX as helped Balance of Michele First combination to value earnings the by pre-tax provision income in quarter XXXX, pre-tax feel And net in million margin well base. provision on, provision, loans. for well to her quarter $X.XX. produced $X.XX The I
number for from XX point basis points In cost fact, of basis the basis quarter, our second XX year-end's points. down XX
time. additional stayed Capital and TCE high. similar dollars volumes value that you'll of management our levels A is anticipating quarter a year deposit last interest over level at in assets and see, rate a expense As savings X.X% rate to the linked remaining $XX.XX -- structure as and PPP grows And without in loans, has book share close X.XX%. second will deposit of the over tangible that very you and the TCE to X.XX%. increase maturities. notes review of mix, release laddered look our per our our actually compounded detail CD press growth show
quarter. Very five. busy page to Moving second
provider a and of than by received the a CARES applications both most really by X,XXX elements marketplace. it of our ago. As readily I Act, the all moment More notably alluded to PPP, bankers
saw phase, week state third own partner we produced folks, Indiana forgiveness We're an helping partner, the I and us there's an our by new forgiveness SBA of along that understand clients banks. the Street banker forward seeing it take a our any Main think the for program article team might negotiated features lender, all registered in the And recently a that fit of outside I assessing what for we to and listeners that as we're fits weekly as look in loans announced through applications. to be will continue this we with of evolves. that using the preparedness PPP will that. also our know said Martin process, that's most good forgiveness entire if a with the be marketplace. of The John the the to the
On up the loan impacts coming big modifications. of the the of resolution out
a go really portfolio. financials, the billion process robust in term dialogue. so I of of as of significant period deposit end of PPP ratio XX% in that says, we help the Mark held of the really at by for under their will about the views loaded the liquidity. middle and XX% When our modest about all will is a highest from The to liquidity strong direct sources. the sheet loan-to-deposit First the second back if CFO owner And deep that then additional on second client growth them needs of And into second Working of I'm with through none for approximately last that. talking John requests balances trickle Merchants point, cash Liquidity use John help. think with commercial and we're can speak $X.XX to with the I that as bullet remarks in some yield really include some just quarter. bullet clients modifications, And balance amount a interim of balances. highlight, we the point consumer the attain what provided really the And business of looking forecasts, possibly that this quarter.
go Making A points feel Let six. throughout the that over on bullet anyone employees that's doing lot sure our here. really last to business efforts us months, of page business behalf, the five our me or safe. doing with
can mask, X. by to a be through welcoming And and were the and to way so the July centers a are while they clients all banker best in doing it banking to barriers this position bankers of modifications have that protective ahead even in our opened of our some just our put our and We're is that. that for a But it advisor be. be on the that of that to governors the a That required part continue environment that environment clients would expect. better makes done include feeling
the several at the we and our past one-on-one had face-to-face couldn't, so some online that of mobile enhancements years. extent that digital and that they accustomed call, bankers been our to that last we as investments think the still capacity lobbies, using touched to last I on for levels as to they banking in of over users made well were more of hadn't bank limits a take advantage to the coaching materially folks those higher lot
country of the an the framework HR-driven fits point as kind environment. our that to come Office. a of about. the call, react and to the parts that bullet they Towards pronouncements flexes it we and All specifically experience have starts, bottom, they to and It's allows had use to us Return company government
Bottom that of team of community information the armed point, a pandemic commitment donations digests served listed we point it distributed have fully We The page, have the of really as our profits. a the to not colleagues out time. then bullet Top the communicates of support. $X for company. million had efforts rallying this and to here rest difficult for a through period in
our think quarter backed that Officer, regional presidents, Chief Mike effort. Stewart, included our obviously. It I Banking
I think frontline we able funds XXX to were get organizations. to over
Bottom He's Market President our existed more Director Social prior investment, Corporate about of might the to with thing a them. market, our the Corporate Muncie internally is McKee second lot But had company marketing itself I'll one bit announcement and right captioned first it Responsibility, as Director that call bullet We've it Social named to of in market. is we excited noticed. heretofore name. which is our going by call little an several We It's do. it reflects middle more And lead point. efforts Responsibility Scott expense, larger, muscle made links about. point it, to talks ever effort. our so on that previously, impactful we're you of of as the have an our it quarter efforts really leader expense, headquarters that combining a within which the internal an
the community it Scott's small page, Merchants going answers here, low then and on those, With agreement within we throughout point all markets his the benefit execution And $X.X with the Region among the with that's year larger the conjunction on of announced a NCRC, middle that five billion agreement Presidents, really but in community the groups needs to philanthropy is solutions credit housing, top in lead that to business, needs and on First access. and responsibilities. our the banking of markets what and affordable serves. references communities, going really be mortgages, center And credit-related toward it moderate-income directed to of the
might that answers been early you we're Midwest, Again, summarizing balance Michele Page context reopening. John it. It's the our the to Mark, give marketplaces. the the of hearing franchise. at throughout show our material for end just is our view, in our of snapshot or some some by progress made. tried that's map just call a today. just or The page of a So about seven, on of provided some either look And to Mark, excited a you seven, from prior of
hotspots or are the improvement And to There are no in from here, so basis COVID some there in where franchise. country we full as our from of the in that unemployment. notable yet see on go a Midwest exist guarantees you me no
to take governors just it, have a situation. by Midwest, and you which finding First states close trying can And week way say. opportunities, see the to working our give Merchants we're as at attention healthy of those workers so a this unemployment paying healthy a are what a the numbers, time, And of at to to to rise the advantage ought
we to as it themselves. get try point, can deeper this bit Mark, And move to I'm into we're turn it at so doing So going a really balanced a in little results forward, way. the and we over