reflects The Thank million under our CECL from impacted pandemic. the provision to economic $XX.X you. which continues forecast, of negatively COVID-XX be
ended period-end XXXX use loan relative by with third to our in the quarter provision performance ending million and economy next Adjusting that much quarter provision, the recently first We out. to latter Unemployment has the provision an quarter As about of the year. a relative for PPP loans, quarter year. provision increases forecast at elevated the ending first of bear accounted market IHS recover in Certainly year economy X.X% to fourth the anticipates scenario contrasting in for XX.X% for deeper about forecast. for statistics to of half negative in the remain followed the recovery migration and of rest. our accounted the is allowance second annualized quarter quarter product the anticipated and with quarter an gross this second X.XX%. $XX solid of forecast continuing economic reminder, economic the we with X.X%. domestic than In will improved to In period-end impact our quarter That's around for a economic the the general, a X.X% the loans X.XX%. the
protracted at like? GDP government reflects NPAs that our slower halting Adding grow questionable rate unemployment opening. quarter rolling relatively recent recovery were more and and unchanged more lot momentum for the or spike a cases path what consumer of will to now an to the XX future And Therefore, states coronavirus and the basis given modeling this recent of is coronavirus. the stimulus uncertainty remains with back elevated. a However, look the recovery is reaction point.
we With by as two forward this I move but provides only for more basis adjustment, loans PPP NPAs increase, However, into a comparison points. feel do adjusting XXXX. consistent
pandemic. relatively charge annualized Past folks, NPAs again, I XX points basis to quarter. comprised quarter the loans and So points are of XX would credits for basis still net unchanged. the for whose were predate the offs like due were remind issues
acceptable. it rose modestly quarter, Therefore, your to metrics XX.X%. ratio XX.X% capital was relatively Overall, the impaired to credit the were Our a very standard for compared from stable when quarter quarter. first
million increase $X front, million quarter. million. watch mentioned to the approximately $XXX now loans loans million and from $XXX loans loans are And On risk an or rated saw XX.X% million below sector, $XX total categories. in rating migration watch substandard a migration. in going of the increased increase increased hospitality total. during million. saw of accounted centered around increased $XXX to and million $XX to risk however, We which about the $XXX $XXX million real watch range XX% of was our below the greatest saw negative as from The of These for broad rating commercial changes was estate other it The over loan. XX% Special balance
the On want to of I were programs four our most deferral folks that remind months. front, deferral
August. total majority requests will to June loans through for billion We amounting vast the about X,XXX in granted payment So, over making in begin payments XXth. $X.X deferrals
Most try pandemic. clients to are of interest dental I deferrals, in portfolio. million our the our all or these a roughly our best through over we stakeholders little the way of granted As $XXX noted in believe this were to as work X,XXX quarter, of last deferrals we
$XXX our million on million. the the give hospitality, XX% some the were pandemic. in million, healthcare be non-dental like total, by of we deferrals portfolios With believe the I and retail now you to to reviewed In for that, I million, office $XXX deferrals. of loan followed by categories Another in account just around color some impacted million, $XX at approximately first $XXX granted restaurants and would $XX at
impacted loan billion retail, by March our April. I'm aggregate, dental The healthcare XX% of last about Columbia, aware; to largest roughly restaurants, pandemic and aviation dental in includes In you most industries procedures the of portfolio loans states sure of are our For have exception of that with portfolio. operation account and practices our is for portfolio. or hotels, $X.X these types dental most portfolios. of and directed COVID-XX cease the emergency course
dental about offices of the COVID-XX Today, to of we were of portfolio most dental place. have to the our where states allowed When XX% in in appropriate open had allowed with we practices effectively, May. spoke, states be dental that opened. until was So end closed last yet have exposure XXX% offices protocols
As of Therefore, this representing million. of note for average Within a gross had $XXX XXth, PPP dental-related granular X,XXX XXX is in we approximately is size number loans notes it an million XXX,XXX. loans, balance very for June a approximately $XX portfolio. of
most breakeven. are The dental the Again, we at Today, practices truly is this most practices of in balance for impact we isolated around deferral these XX% as the was pre-pandemic this bank's of XX% requests above very little PPP of on portfolio this these So, forward portfolio revenue level. are PPP of pass-rated. believe we've to practices had are the additional believe and with little to the impact on loans. portfolio growth operating report transitory. level generating Today, these At generation, combination allowing revenue and loans move sheet. within relief continue of to
discuss. relative which retail the we The disruption economic identified our high having or to risk portfolio as Excluding to another million largest by caused of the next our have the $X.X COVID-XX dental is we have portfolio, XX% portfolio. segment
customers. $XXX and is The commercial million We portfolio. for represents in XXX loan. loans. split cumulative between Again, $XX have million of to retail growth our commercial total largest real business our in commercial comprised and this was retail-related our loan retail This loans of granted exposure, of PPP portfolio parts loans within about a centers $XXX,XXX. driven stores, X.X% split part by Oregon, We and The PPP average exposure approximately of estate building and primarily estate we Washington provide centered balances. stand-alone loan to retail as with food the is station. would and garden size and MSAs. $XXX materials, stores, is real and It like Again, retail along with beverage, approximately loans million you gas evenly auto Seattle Portland expect, between
and centers centers. In addition, the mostly portfolio grocery-anchored strip properties, contains mixed-use
is are of a portfolio for loan-to-value the in Using less XX%. XX% metropolitan regional nor loan-to-value at We areas, with do core not than average finance having the downtown portfolio large we values, origination malls. XX%, the
loan-to-value We XX% the less to for the about portfolio The a in an great properties having rises XX% average than value with decline in have recession. XX%. seen this loan-to-value equivalent stress-tested as of
special the entire and from have pace deferrals the portfolio, the quarter granted or The quarter. deferrals We substandard. Most in quarter is the about activity X% is and early pass-rated, greatly, is which occurred new of breakdown of retail portfolio. declined has an $XX see deferral loan the the first XX% X% million this in in roughly entire portfolio mentioned consistent XX% of requests retail unchanged is this across For and is watch, uptick essentially X% did during second the in portfolio.
give you entire the for Let me more around deferrals portfolio. color little a
the April, $X.X $XXX a we we in about During granted are billion month Therefore, averaging of week. deferrals. million
for we in average deferral During of million. the $XX weekly volume of month $XX million granted June, an
the July, has through to declined of $X.X million. the far, So first two weeks weekly volume
declined. for So, the demand deferrals has
Okay.
next. discuss Let's hotels,
We have hotel $XXX would markets, About MSAs. which in XX% include loans, in major representing Seattle the and about portfolio. of is loan our X.X% million Portland
XX%. However, a our about number portfolio. throughout we seek we expect be out USDA will this flagged additional we Wyndham. which XXXX. support mind, the real a most working with Main hotels XX% portfolio or with into In well. portfolio portfolio of properties million. include recovery have one of Program, is about the loan-to-value $XXX for solutions as in With more Street as The on of XX%. these also the Oregon basis, having commercial To Similar requests do XX% appraised based are well. coast. in on to stress-testing value loan retail or estate a granted where total. would the this PPP for clients of is the I The million flags: another XX% extended hotel portfolio. the growth million client, the a less This Western, prolonged. PPP $XX the the responsible sector and million Best loans, million saw the anticipate around the Lending to an less stressed portfolio. portfolio for fair we XXXX of program, for have following number is half about is conventional Today, in this deferral comprise the of we of and about exposure along the healthcare On applications. We $XX Marriott loan-to-value options for $XXX We many segment. than XXX continue veterinary. average have this hotel has total, loan thus in Holiday XX% Approximately we on of million to PPP originated Choice, $X.X average was idea finance, give Inn, than XX% of size a on area portfolio types of Non-dental $XX loan-to-value of loans of activity portfolio the was you in of
are services. as types Another $XXX varying physician size million average The healthcare providers therapists, counseling other million practices $XX loan chiropractors, kinds is of and is of physical and $XXX,XXX. such
of rated X% on X% June substandard. with watch XX, and of As the pass-rated portfolio is XX%
as again have granted portfolio. We deferral Similar XX% rebounding, of dental orthopedists, space, see in their the $XXX roughly this total see this sector requests to the folks dermatologists for are in we or optometrists. once or able about million to segment
In are now replacements, elective cranial, surgeries, such replacements, and surgeries as cataract performed. addition, being cosmetic hip knee
food and Okay, services. restaurants
size Today, XX% two-thirds $XXX mentioned, with approximately is is the X% portfolio The watch, average $XXX,XXX. balance in We pass-rated, million substandard. have X% loans. real special commercial loan being and is this estate
see heal. to we is rise a a out loan-to-value XX% categories taking to The again million to loan-to-value or this And have Similar the as see scenario, exposure and our the lease of of mentioned with $XX XX%, portfolio to carriers a pass It pre-pandemic XXX on average The of the direct do primarily both to migration U.S. domestic watch portfolio. least additional loan-to-value the substandard. direct discuss deferrals the not rated stress-test domestic aviation and this to, XX% exception portfolio billion. less through some million airplanes. about carriers. and in segments, to the on pre-pandemic capital watch have airline portfolio. did to Today, special the to CRE quarter, with $XXX retail basis. area having one the last loan-to-value to carriers time of is to than stress-testing hotel granted that of million We amount portfolio. XX% $XX being this mentioned, comprised $XX this of exposure we have raised about remaining well negative We portfolio airplanes XX%. only exposure during in with airline capital and than total, Of I'm XX% they them going having In a substandard. on as was special airlines, basis, most airlines entities Under a with and is to, less over and assist exceeds is rated the domestic in have lessors $XXX to-date do billion portfolio the engines of exposure exposure rated about million the credit is pandemic, $XX including we one raised portion
this additional months such, expense burn efforts of in rate over combined of now. XX with results our capital, As all reduction having borrowers the
the with of been billion portfolio, in little In executed. CARES addition, intent to $XX amounting our over carriers U.S. our wide letters $XX.X in agreements approximately have of and customers via letters have Act. additional to funding domestic of these Treasury industry Within are signed negotiate the executed billions a intent continuing billion airline
a with believe our we billions and loan-to-value the executed exposure believe has with capital loan-to-value capital for raised. been a the we is timeline secured help airline this of dollars Most COVID-XX current and impacts needed, closer no to additional will While have government funding by is already recover no final XX% know, provided, from agreements along We been if XX%. of pre-stress of of aircraft them funding available. domestic
portfolio of East. average in is and leasing Asia, X.X The the for aircraft consists years. of the an XX% Europe, in of The exposure rest of South As is North age and the Middle America. with the narrow-body portfolio, majority XX% America X%
years the in more We being origination as with age X.X the on the XX%. average lowest younger, body is average Based aircraft entire the loan-to-value wide post-pandemic. portfolio for For at our view demand fuel-efficient portfolio, values, X.X. the is most
today's loan-to-value closer based is on to the what values, is However, we believe XX%.
the call turn now Clint. I'll over to, Okay.
