Alright.
Thank you, Latif and good morning and thank you for joining us today.
Byron Kalispell Don is Officer; Credit Chery, our Accounting in Chief Copher, Angela Administrator. here and Chief Officer; Treasurer; Financial our Officer; me this our Ron morning our Dose, Tom With Dolan, our Chief Pollan, Chief Administrative
on year. We came third growth, the later the out encouraged by in closed loan part our quarter which strong of the
continued the see covers our of the showing in company those markets to great footprint some of country, think activity. it’s We growth and increasing signs markets best
Our our strong and the our unique people again business produced results divisions model very West. of once in all across
into interest quarter months growth I’ll additional the increase $XXX year, PPP annualized. XX% of and the the or loan business or thoughts compared Core loans So income in the million $XX.X our year portfolio, beginning current beginning an million highlights X portfolio the some Pre-tax million $XX in X% million of in quarter. increase The quarter, was X% interest the quarter. the divisions, million X or year. current the grew $XXX Net of the the income, from over year. $XXX $XXX then income $X.X continue million, deposits $XXX or current strong $XXX X% the The for the from million loan million months income, was million period was provide prior excluding year, year. Program from annualized pre-provision the some $XXX the X% or of increase million same million X of of XX% year. on first on loans of $X.X prior Protection annualized year increased excluding Net first or first touch Payroll million, the $XXX and million PPP had X first growing $XXX to or prior for first the and the X XX% the excluding first the the in months flow from growing of the months of months. of to Net during for prior or an XX% billion an $XX loans, was
for was XX.XX%. ratio current the efficiency Our quarter
our same XX% Arizona share. in X-state total year footprint The a with declared with a and growth ratio PPP XX.XX% declared compared has loans, We average or loans. points basis $XXX prior XXX increased saw points. the Non-performing million And the XXx. markets across quarter for and quarterly Excluding the basis to prior points current the current compared quarter. end million Net XX.X% decreased charge-offs X the assets excellent of to period a PPP all of prior X% $X.XX quarter. loan $X.X as dividend X quarterly Idaho leading or to efficiency XX consecutive $XX.X of dividends to million has excluding dividend was quarter in year-to-date company was growing the assets in NPA we of the Wyoming, annualized, growth from at period. markets our loans ended basis
that are growth real the almost We to see estate. pleased from all came commercial of
billion the $X.X strong New over was loans originated. production in new quarter loan with for
books made X,XXX We out have originated We over with new part a picked far. in million so now on PPP, this the continue the over million billion of with $XXX $XXX X round X of PPP relationship deepen the to loans starting of as X that of XXXX. total about to loans Round $X customers up still group we and we in
excess growth level headwinds business. of the liquidity still new competition with borrowers down we quarter, pay last increasing loans for noted I to some using As have and
most seeing very surprisingly billion our the a this, bearing basis lending prior the to when continuing third strong pandemic with to our full X% disciplined core our and and the lack more $X.X down be year. to competition of customer growth $XX of deposits and and to the we prior and point the year deposits Non-interest by the fourth excluding are but from from and of increased relationships. or a growth the to generally X original down X of Non-interest quarter. to our $XXX very deposit excess year new the in in XX% the our target X% spending Core price billion of quarter bearing enter quarter all end the quarter or pipeline increased X due liquidity ago. being basis have race likely quarter, cost see billion footprint, quarter X% deposit $X.X prior new XX% to and billion are XX% of the to are third at XX% loans. year securities now said, heat quarter deposits from due We out establishing increased the quarter. or Core the over a driven success Considering or $X.X to up close Total million we core strong continue billion. from for last closer of importantly, deposits deposits. points, of over loans. $X.X credit, basis of from XX% bottom across still $XXX XXXX, to increased continues the is government the we the to be stick the year million points Most debt very happy risk on players up for a totaled year unprecedented and of X% avoiding to markets strategies good best momentum management That PPP, prior stimulus,
liquidity of XX% compared of last of continue ago. to a and deposits forgiveness securities loans. the debt from We SBA ‘XX quarter at with end and of quarter the and the excess the at total year Debt in purchase represented XX% end increase the to the securities PPP core XX% assets XX%
the debt the was increase ended decline in continue down with decrease combined of X.XX% putting loans. yield rates, the interest That’s tax a work was low margin the on both Fueling quarter. yields drove a down. We in yields investment the year X%. from X.XX%, in basis compared at portfolio current X.XX%. high-quality billion the quarter total in XX highly to duration, quarter securities the yield excess billion the from securities quarter X.XX% rate ended net quarter in X.XX% the deposits X.XX% of We amount of third year on production debt continue X.XX% the for in The securities portfolio quarter. around in and X.XX% around core of yield points new prior of yield the to quarter. of the quarter. $X and over significant core will was on and portfolio compared quarter on Earning prior the The percentage prior to fully to loan XX in impact shorter from the prior given addition at the the added the have securities prior The and loan the and a as net deposits, in yields new to the but as with decreased third assets X.X%, earning grow. debt at loan asset points basis which interest margin equivalent The the prior of invest company’s $X.X plan with increasing liquid buying investments core we quarter down basis current these
decreased Non-interest on primarily to from continues interest the housing million rate from or less PPP. or mortgages, market prior gain reduced the which down our be footprint. income, refinancings increased declined bit environment, X% sale the prior growing quarter, quarter, from across quarter. The million focus Given due for XX% residential and about to the slowed on of our income $XX.X a the net $X.X $X.X which million hot $XXX,XXX interest
Our biggest quarter, quarter. real in for in and current The ratio concern was the the of the estate prior in prior XX.XX% available the in XX.XX% efficiency XX.XX% third business year sale. homes supply remains the quarter
have Intangible the from value to share X%. in third or increased ratio in to the $XX.XX been quarter quarter the XX.XX% in PPP, current prior the the book XX.XX% would in $XX.XX per quarter ago. Excluding year quarter and XX.XX% compared a
the all regulatory received Altabancorp Alta’s with team’s to been well. X, proceeding combination is we growing than I’ve business. very the and customers sooner expected. very closed October a transaction than full We Our approvals as the month focus continuing planned serve with impressed on earlier
new our closely work products very approach studying Alta planning good banks and fit our conversion M&A in of that number received to the with for to see a other technology We M&A announced. we has strategy, questions lot a I while of MOE successful MOEs a XXXX. on has core a And many the be a we are we for Alta about to platform, stick the March divisions. since of our on to for be good disciplined may us. continue recent processing proven were intend that embracing
Alta third Remember, and complete EPS for our will the Glacier. we five today Glacier that as for this the make fully focus look strong Alta, integration is lot same combined. produce last accomplished transactions accretion on we team Our to The the produces want in we before a almost transaction EPS another sure given our transaction quarter.
to growth many dealing experienced strong well the markets, very achieved still positioned the to we great results. XXXX. and see be quarter in positioned While loan in well to continue think out we and are team with close was The to COVID in are we we XXXX grow great
Latif for questions remarks. my may like I’d our So analysts to that line have. formal ends open now the any
