quarter. Thanks, strong everybody. afternoon, joining began today. I thank also that results pleased to operating XXXX in us want we Kelly. Good report first to am with you for I the
preliminary company's As who I'll about to more the at go CFO, had least Rex chance results. that a performance, it release. turn glance you've detail is over into Hope provide earnings and will our Copeland, then to financial our typical, remarks about at the
The net $X.XX were that drivers earned year seen ago. you've mortgage compared have, you of If first this $XX.X in million our on increase higher quarter $XX.X or primary we period loan $X.XX year same a or million the earnings to share per gains sales. for the
That offset slightly income really lower provision market FDIC driven in, result almost that's levels interest lower the mortgage partially that income. credit course cost by expenses. generally contained exclusively of and we're net accretion was by the robust very of lower well Of was
income income I quarter. was $XXX,XXX accretion million the net $X.X think interest quarter down for like million and the $X.X our down was or for our about
I higher tax think there, levels tax result And culprit of result higher just a on us tax rate; higher the in for pretty because income. as expense. interest of but then, income level a income rate of lower really our net a tax a ultimate generally that's income impact So our have good credit generally
for performance common good. was Annualized ended I that's the think return equity levels and XX.XX% on quarter robust return common metrics on Our equity, XX.X%. quarter were the of we at
on Our XX.XX%. was annualized efficiency was return average our ratio assets X.XX%,
for million. quarter, we $XX.X first the adopt allowance in which our resulted in During allowance an CECL loan of did of XX increase losses --
allowance We losses on commitments also unfunded an $X.X established for million. of
on that additional balance to of sheet essentially our tax. in $XX that a have net now million So retained $XX.X resulted we debit allowance earnings, of million
far robust loan of since as XXXX, growth well. flat. has end good been had pretty our as been levels sales, the pay-offs relatively loan have As of loan but origination, We've
$X.X loan our continues Both gross decreases our million. end So by activity decreased unfunded be from origination our portfolio, loans those of net by million, of loans decreased including Average debt $XX.X XXXX. strong. to the about
little bit chart If relatively pleased A we Paycheck Protection information Program, participate at our continues of our pipeline release, at the to $X.X be that. Paycheck pipeline you look again about stable in the in Protection, billion. to earnings were
to officers proud Our helping. are loan be
with effects the customers the deal of Our commercial pandemic.
have for refresh last on we're this year originating well. to you, second $XXX round and forgiveness addition about that's round In To originated time loans, million we [indiscernible] extremely the first going loans loans and X,XXX on pipeline Currently, X,XXX PPP first funding. during about awaiting $XX round SBA more those forgiveness million received we we of the loans approval. the in than totaling full of have more
not we've forgiveness [ph] has on from process applications. had -- from say I would we gone our not the perspective, think and our pushback the a that well, SBA
draw X,XXX applications and totaling who of X,XXX program As between been we before funded about $XX in our loan were XX-XX have that our presentation participated should Those goes, first million. did the this totaling portfolio, million. customers round seeking file as you, remind website SEC's those about as loan the information that nearly a portfolio as applications program we those received last would night under our the second roughly We the website. be more for far time. on have $XX well split I
the $XX.X to to $X.X assets, excluding have XXXX, March think, non-performing assets million, acquired resulting be that asset, the were time. Asset X.XX%. percentage about XX, increase assets quality XXXX. continues a really of assets I in million assets just around were That's million acquired a two extremely been from assets, total At end non-performing for non-performing total Bank Including FDIC FDIC of customers quite $X.X loans, some strong. to
pandemic-related Our December to end dropped $XXX modifications million million of of March the to $XXX end at compared loan at XXXX. the
categories. million loans a commercial $X consumer mortgage $XXX totaling As modifications remaining loan million loans the were XX and and were in XX totaling
XXXX, continues in -- strong. by of will Copeland. million result allowance Rex? my I the did to decreased about of over the $XXX time, portfolio. the CFO, concludes this reduced $XX about call remarks. a prepared additional From to as and available-for-sales spoke very our which turn securities That it I Rex before, also value our At the drop Rex million principally capital Our be the million, capital end to $XX that of by
