Thank you, Robin.
remarks of I'll on echo Robin's to our the response team in pandemic. efforts the
and one are One states, our other we team. together as times values and well each of core work on dependent responsible all at to
banks have who the our one experiencing to across provided entire services As the and employees team, functions are critical footprint our pandemic. our our economic back clients throughout office of impact
have for throughout and open remained are business. We
are weeks and recent have truly They in commitment. been this. their efforts service employees' the and reason extraordinary for Our applaud we
been team were rapidly also innovative prepared. but changing and has we in this environment, Our incredibly flexible
our In a reports senior was abroad pandemic from the how and early shortly our late of spread implement light of March, thereafter February, in markets activated. would navigate committee pandemic formulate about began meeting team plans management to planning in in we COVID-XX our and on
ensuring committee meetings on steps and to a provide efforts services transmission clients well-being central at time pandemic of while and management focused and health the also promoting community our senior disease. of These the our the the and environment same a in banking necessary the to pandemic limit employees
of work We splitting well-being and such health alternative to implementing the our to team immediate within First and employees or as a of our by remotely. employees steps staff took our asset. relocating foremost, our our large are portion markets models members enabling and staffing primary support
and nightly and our facilities. members duties and creative facial have products procuring home, For sanitizing from those been cannot cleaning their who have coverings maintained of our and enhanced each self team we distributing proactive in in perform across footprint
of help with Again seriously recommended forth guidelines the CDC exposure and continuously to have to disease. set of implemented the social prevention to needs. for XX, respect workplace by many regular March our and alternative closed and taken the clients distancing satisfy online drive-through strategies to their provide procedures our in remain our the we and banking transmission open and the our We've All lobbies products branches at traffic. branch of mobile banking means slow
requiring transactions to lobby appointment only. branch or by access Any
Our interest our and of best operating into pre-pandemic our of account stakeholders. fully lobbies the to decision return all procedures reopen take to will
We special ease any impacted closures and who our due have disruption personal have employees benefit illness, to or provided to by other exposure, whether school childcare. concerns pandemic, the family been assistance of
if her an due workers on-call are reduced This facilitate provided and hours Also compensated employee's access all security schedule to as to work mutual rotating on branch available is remain or operations. assistance a has schedule. employee the limiting his or based normal
both participating existing as clients the to small to new our assist the that as paycheck addition employees, proactive have to we help those program relationships. steps were In well been taken relief to in businesses, in protection have we provide
of first will over workers the business be their in loans in to keep $X the short to used program, of During phase small and the term. we proceeds our clients employed approved which billion
we this defer Street our We programs also program, we qualifying to lending Reserve's direct more provide necessary relief Federal and borrowers, although commercial up will days. in anticipate expect To and payments our to principal under Main lending consumer limited clients. to XX allow clients and to that to be and deferral targeted program for participate interest established the existing commercial loan
days pandemic, to requesting have suffered payments economic are result current who insurance but must past also own XX hardship borrower relief. due more the than prior qualify not of and a and have been To as tax
balance March loan this of is approximately of and hospitality, the release at deferrals balance our restaurant with the industries much deferred XX% total As heavily of such outstanding and entertainment. XX impacted as date of
our for remarks, greater liquidity We but over later metrics preservation quality a will intent with to monitoring is borrowers and programs our in processes credit in longer detail provide discuss period. our our and term these relief asset capital
we these borrowers could benefit were reaching to out Therefore, that in proactive most the from programs. our
our to is our employees the limited not to response customers. and commitment to Our pandemic our
mission intentional gifted workers. needs and made be in restaurants is footprint. a purchased and from good our our of to frontline of at gift and underserved our schools. across our them the citizen We other students health efforts provided Part communities local to and to We cards to targeted meals we've local care communities support
a and commitment services. banking central beyond extends financial our Our communities to providing far
of not December assets of our strategic effort closed the XX, XXXX. billion core quarter our We sight $XX.X growth weeks the been Although of on to and billion as our at in clients have our of time lost immediate needs total with plan and operations. our of have we $XX.X much and recent focused employees compared
linked Total to compared quarter loans over at for a investment held of $X.X basis billion the XXXX, representing as billion XX, $X.X the just were loan X%. end on growth quarter December annualized net at of
for Our on growing up year-end, bearing team's deposits, remained previous has fund that steadfast. $XX million Total the our of growth deposits from with non-interest accounting cost were low deposits million growth. growth in $XXX to focus
quarter. liquidity Federal increased the and cash continue note March this our balance deposits will short bearing and investments our interest This Regardless funding profitability source preferred environment, the our from $XXX for of Loan will that emerged We million the of balance sheet own non-interest the through be company should reflected We we Home of in approximately advances liquidity by at excess the short-term term is sheet the rate enhance during Bank. on core to XX. volatility growth.
an of on over other at $XXX fed $X.X billion additional we quarter, loans These excess $X.X with in balance $XXX liquidity. at Federal Bank sources, have of the to addition securities. Home million unpledged liquidity and availability provide In the Loan end sheet of million billion the additional fund the banks
environment. long-term to clients rapidly economic nimble changing needs we the still committed the very in of are much impacts meeting and While staying uncertain, the remain from our this pandemic
sheet We sacrificing growth are balance our optimistic and credit commitment about of reinforce growth profitable sides our we both on to quality. without
Operating from turn of Kevin to additional adoption financial Chief discussion and Officer, for will results call the Kevin. our the of I impact Financial over Now CECL. Chapman our and
