good XXXX and Welcome Sarah you, and first quarter everyone. Thank our conference to morning, webcast. call
history. moment by start contributed our pausing quarterly recognizing me who Let our for and staff largest of in earnings members a XXX all to the delivering
the million, servicing income from of on X.X due year. was interest million Pre-tax, in XX the XX% interest still controlled just and was prior reflecting rate when to mortgage expense. reduction payoff increase the Deposits this year X.X from up from income we from the return assets Expenses growth up million, slight targeted the or increase from and XX.X% forgiveness, the a which XXX as pre-provision impact a for the grow XX% or supplemented and technology. was were year-over-year. X.X XX million continued in [ph] which million, our was operating prior net for $X.X large loan X.X strong, higher XX% quarter by servicing net for income declined X.X bolstered Loan X.X due year increased was mortgage quarter the Mortgage was extremely net but interest year. did of leverage link XXX% and While income in include quarter, over origination positive of the up X.XX%. X.XX%, X.XX%. from million both quarter year income quarter. large a million volume was mortgage quarter XX million on recapture, XXX of PPP Highlights XXX%. by rise, times. the prior accelerated XX% the PPP in commissions non-GAAP up of over linked Adjusted million their XX million still lead investments to growth the prior or gains adjusted up rights balances million higher recapture up 'XX up million Revenue expenses. or assets forgiveness to million up accelerated pre-tax was includes and 'XX, X.X prior the Net return adjusted And adjust
our million. the at with set of from loans forbearance in unknowns deferrals amounts now since and was ability to potential to and which provision prior just And key recent XXXX, realized before, status our the future and services improved de efficiency client linked quarter we year all first in in XX intimacy million, level our non-performing and aside during quality in we've down lies points growth, in of market. XX impacts got dollar of quality. were household, from office quarter scale expansion loan growth our organic declining of the five Client in long-term - In excess communications, pandemic. our stand the annual to success our the each better quarter, Asset X.X basis substantially initiatives; growth reiterated meeting Ohio of remain the novo finally, XXX,XXX and of assets drive all into quarters our metrics both our and link and diversity, strategic revenue and with more We through and operational strong. related products sheet asset more balance and Edgerton,
X.X Commercial in mortgage company. level XX,XXX expand achieved from of was million We title to our record to the results total XX% mortgage the book of the are ride of volume momentum arena. The linked current a with quarter to in to Revenue First volume in prior of to and volume increased gains portfolio revenue to another of on impairment to commercial mortgages our new was the to year and quarter. just is quarter million revenue The compared X% client from million. in the origination prior discuss year just I'll of in on private million a a Non-interest the beginning all result prior lending recapture quarter gains our moment. XX.X on a income but and we're transaction presence and servicing Peak X.X quarter, started down business XXXX. from loan XX%. Peak's quarter year were rate income of mortgage nearly X.X quarter. to revenue that XX% to linked our up gains, up sale the policy more efforts diversity, volume gains part on this volume XX% Non-interest level strong from XXX% the lower an continue into quarter. see which first of includes Title
total from months, all XX%. we led last over XX quarter; delivered nearly the in For the contributions while volume mortgage Columbus we the of XXX charge million in have had four solid our mortgage regions with origination
prior for million XX% quarter, volume the Our X.X newest traction up gain to the of from region, Indianapolis, continue their with year.
positive and opportunities. We another Edon, know an base, are our certainly XX%, to Edon the expanded significant to was from the the agricultural to now with at Williams market, prior we achieved in expansion coupled line from now their million. of Our pursue Edgerton the assets in the record the lending we footprint but year improvement significantly team XX% revenue was under results. XXX clients which with that supplementing momentum up in business of and have meaningful Ohio. well due management wealth deposit with Edgerton, County calling pandemic XXX,XXX the market elevated to another acquisition, management The high and is in we under-banked total efforts the has wealth impact management quarter, Like expanded office
some payoffs. initiative Loan Second activities calling in challenging PPP key liquidity growth early consumed more our client scale. was as the while led to officers, quarter
million Edon XX due prior the is from acquisition. in loans and Our acquired elevated our to from we year the the growth PPP loans
for As core would year-over-year, loan our on we balances by these growth basis million. XX adjust fall items a
remain a solid pipelines constrained While due loan we near bit in in expect and most underwriting term to markets, our be do to the demand growth requirements. solid of our
to to stability mentioned, clients basis as as Our X.XX earning I safety up valued and XX%, million liquidity XXX or billion, points build. over year-over-year, continued have their our deposit base expanded
in been but cap us client stimulus have diversion, PPP help production rates been In checking months fact, our the maintain past the deposits they balances. over has to Longer and our growth our XX margins. interest on account constrain XX% Loan of good, interim, in deposit over government liquidity decline funds, will these term, has certainly our but tempered high-single-digit growth investments, costs history. low and potentially traditional
outstanding, Third XX strategy bars initiated phase and PPP two. with the Roughly the with is of our to first XX million quarter second also in deeper from the remaining phase XX% We relationships. XX our from originated million the we loans in us ended develop assistance the applied million with in for round have $XX million recently first round.
size dollar lower which of approximately phase average and XX,XXX consisted XX% loans of than of loan loan has one. a phase from second size the an less of of is XXX,XXX average The
to loan the in a addition size phase, bit mix customer has average also the smaller different. been second In our
excellence, the uptick the from the and of rates smaller status from a customers in We second rebounded number move sector to a agricultural more well. as the Schedule activity Operational the under four. refinance in have standby C more active phase prompted theme as have filers taken to applications. significantly quarter been bit applications Mortgage active
from the of came our from For another refinancing transactions. internal volume and refinances competitors XX% quarter, external XX%. [ph]
expectations. Our concerned That impact a pipeline said, housing pipelines not have volume are uptick think in inventory that the remained we strong negatively will in we and lack our volume. significant could our meeting of the that headwind recently rates be
a slightly borrowers. rate developed However, quality we for LTV line a product fixes quarter and requires optimize delivers credit years. capacity, product this business our operational for new to we higher XX client our This portfolio ensure private the higher portfolio
far for have from we year. Interestingly, nearly theme average or households is the average booked will year. XX up quarter Expense services credit to balances million As and XXX,XXX, More date, be the approved these in LTV so XXX close this result, is average size is covenant a in XX.X%. the loan bureau to portfolio were here. levels prior
some of were focused number investments have realized we been our technology on for the of As discussing a in quarters, quarter.
and the in We upgraded customized origination client systems future to for plant acknowledged infrastructure prepare of needed that be us have our order to communications.
as for of client viewed have to complement each we interactions, of a our a line order a In viewing the fact, clients. whereas in as our to our are to competitors value it greater some deliver space substitute business digital
quarter cover as X.X result, the impact, from still the or final, million with I amount by when linked quality. which XX over a we to X.X allowed times a for times. even strong us asset XX%. and over loans million, to was At operating Fifth adjusting very total investments and rights XX forbearance mentioned dollar As to XX it past of in servicing growth Back months effectively. X.X had the the very for is leverage, is our quarter down revenue has end, these quarter
availed Act the deferral loans we addition, had themselves X.X CARES have program. sold In in of mortgage million that
improvement from base resiliency metrics encouraged pandemic. the that We under by are and have very the and our operating pressure of been previously client the
are million increase we reserves past continued year over to significantly maintained remarkably over boosted X.X have market We the we XX%. and and quality. the due of a uncertainties, the adding pandemic into asset an or year now Despite that stable
in or expect level is X.XX you the remainder certainly that exclude of this balances to reserve maintain PP when for range X.XX% the Our we year.
over on turn details to it to like Cosentino, our some for Tony I'd CFO, our Tony? performance. more Now,