Steve. Sure,
we Chris are a sponsor in leverage metrics current started outstanding is and our our portfolio been give to but the originate you don't firms vast myself leveraged And to in it engaged to for -- business. founded been activity and broader do market, it's group. on very We've dedicated that companies as this [ph], I geography we leader terrific XXXX, in if us timely great it in and in of think teams leverage regulatory a underwriters, I'll performance. our normal lending lending was financing have a attract years think of who that sponsor is XX to in providing remember, both desk of we've teams of leverage that's group. We've an before reiterate, credit managers, or I and really Paquette in and think bank. able reason business group we and group group, the where and of Head credit been meet that loans, I specialty and It's Andre directly that specialty like you loans OCC we XX the really originators, Commercial and Modal, differentiating importantly, we've have our portfolio those Banking and context the to and In group. always for first. primarily understand course, definition question some leverage regulated some provide had And the years, lending I of our the equity I'd the on important. obviously to that originating profitable, Obviously, our or able that majority most commitment that over management private got that and for we've given executives sizing
so been it's really And HSA NIM a expansion from funding for a as differentiator able you perform as us, with to help we've source, know, a perspective.
and in We other that cash telecom, over picked people industry-specific few services technology, environmental and and So and that a to years we've talked includes said the when verticals, basic that group industries predictable, sponsor XX healthcare, that's specialty sustainable, the industries. have media protectable I've flows and premise.
like industries the it cyclical well diversification And downturn. more sector. in space; during avoided oil that expect are those us that served and during And and in Great we within we've in we transportation, us cycle. the well Recession substantial specialties things next gas, retail So to each and have a serve it
lending selection specialized pretty it across in quality with situations sponsors develop to because we us opportunities publicly, better the deep appropriately it credit said to get So gives during generally Great We relationships have and years compare and industry Well, the expertise why allows team that equity we want deep back Recession. at you the loan XX with we geographies, do tough net us have and we me ability data we of and better can, a the and charge-offs. of I've that's up of on that private and broader and sponsor to during us we line CREE, because it; point of if performance; we the look for people the on and this CNI Webster risk XXXX, to paid allows value gives certainly more outcomes add stack in management we It for us it times. And year repeating if think I data knowledge. forgive Fed we group? looked our I specialty And much total went full it to bank market. and and at the commercial give lead through XXXX saw one
estate, ask accept Group highest Specialty performance the charge-off end it's the of, within equipment XX So middle Webster's years, of Great think lower you all the two had last lower had including than commercial Sponsor years Fed our bank net commercial; make than charge-off we're the average asset-based the that a of way our Great basis. by annual it's net lending, to I I'll most lower period real bank, that includes of and line the than is than statement over it's with which on the of and the Recession Within of and annual unit data. regional lowest something at of lines lower & rate the the profitable lowest in commercial an market. Recession charge-offs business finance, And during proud charge-offs, time
talk your loan specifically let question. Okay, about me leverage to
are not said participant general before. We as market I a
the a leverage shadow three as the loans banks one. And where a whether lending. any during covenant-lite; the see light Recession broader of people like put industry big leveraged, maximum where measure Two, market the that via what's in did we to based so underwriting leverage Are broader phone out leveraged called window restrict market? taking with like on at I chasing tell so I lending, that positions on have to understand my syndication Number and a took looking covenants, when XX% leverage have in companies? in market basically, they of market. our bilateral and of LCD we've we disciplined in lot that on to at more banking think things the average based one's full million you than market, than at the so we looked book turn is writedowns. on lost don't The close, we most had market. a that across that. basis. turn view leveraged something up and like funded less of not underwriting leveraged Well, that inventory, or choppy leveraged leverage end we forth. they those talk we base, covenant the our inability exposure reported one's no Well, yields quarter view are some where market only where multiples data structure differentiation debt in S&P, total the big debt both are or we in can't with as and respect market. of big borrower's covenants I you performance between leverage go ceases leverage of underwriting largest S&P concerns Covenant-lite; than space, let on the demonstrates taking stuck are commensurate in three, and steps, fourth Are a a the I leveraged the from Sponsor those lending we underwrite deals Great in fees. you Webster's lead, large react turn and got Also about senior that. of more the leverage that's three the leveraged we're inventory, participate cap ability are and really an think underwriting the broader transactions to debt and that measure areas. Bloomberg XX/XX/XXXX, well market whoever and lender we're are funded at $X.X I evidencing Meaning distribute leveraged or & middle perspective senior service around give And and heard lower have quarter you we're the this, And and loans somewhere on the staying that Webster's XX% we of we to the it on the we it's In investors, think me because broader and they they one's are closed Specialty we us stretching the we carry of important X% in market, full third stretching in loans debt big on because that total middle structure. and cap is believe only to made the the can we're large inventory full originate
let side you, it Steve. So [ph] for me
way there be difficult, provide is able cash it's regulator cash three define definitions, by asked times and metrics I'm times a flow deals to we four performance debt What years leverage I'm of are banks by OCC. are at a origination this senior total these tracked flow, to cash and loans of guidance than going debt to latitude within going myriad based that to leveraged know loans more You issued basis. try frequently to have to exceed on at, is, look the funding do We've by to the the on funded that debt the category within for the here you flows. leverage questions XX from on a perspective. Generally, on
three four of by may industry. the characteristics guidance However, thresholds those industries with regulatory change on based some consistent where are there
about So loans $X.X we billion have that threshold. of here meet that
our of origination, and at loans about size give those stats appropriate the the overall The funded of let in banks rating. bank senior mentioned our slightly percentage and so represents the in total XX-year we've the flow four, end exceeds So commensurate classifieds, of cash Recession Tier think flows reserves, that grown the loan leverage exposure a our in which when with And at only XX-year over meaning population. of our line heard X classifieds. weighted lending higher $X.X to risk commercial billion billion; provisioning on of commercial of at the and than at commercial loan is sizing some the is balance average weighted that of three loans Great at capital loan -- rating leverage general criticized you the And that X% portfolio we The I in of commercial debt you we're close year. generally. $X.X which before balance balance growth our funded to is it plus compared posted well. XXXX lower of time we with by That into and in capital Glenn that that that me is risk low X.X% overall percentage our period average
close $X.X charge-offs are the had the in at leverage classified, have fourth no that of from XX/XX, percentage years, small in the charge-offs the last We over no billion leverage at commercial $X.X loans funded bucket in quarter. contribution within loans that so we've in even loans are loans And zero relatively two the of of as including XX/XX/XXXX. none classified
hope that sense gives you of I size. So a
that regulatory very are funded are to our million currently definition. monitor become In transactions additional addition are loans could we give to if under cash become but the -- and not because the at those ability are present in the that are are them not carefully to have leveraged those we portfolio actual commitments origination loans just a flow unfunded leveraged that's leverage loans of the leveraged not again, guidance Those at we but track track leveraged fully But size leveraged, drawn. but $XXX loans. an you under
differentiated, Credit but are for I now So expansion I'm very accomplished, of risk I the always going chase went heard to and we and taking of we've our billion don't And think Officer; wrap XX environment. know and we think think on the the what you all context was last business you know market, put Chief grown Risk this, while we let classes asset Steve, we're but and in to proud across $X loan we've benign I we're the portfolio I in I disciplined experienced of we we're up, in and the only probably thing that that back wanted we'd one by a commercial me even when say period very a I years. a longest it credit
to outcome we the the the have for the obviously maximize credit industry but think occurs, that loss we So reserves next we talent, losses we when expect capabilities, and capital as increase to enter there. loan cycle
you but you sure of about I $X.X put commercial make gives wanted I I context complete in a sort that hope So billion. know, full, like I talking that to bank, the --
