XX as reduction be good Banner’s bank morning of everyone. of loans reported X.XX% and compared X.XX% of of clients from Mark. of strong our XX, continues you, June model as our Thank to credit to X.XX% total and June loans, as Delinquent to serve XX community March super a XXXX. continue were metrics And total well. loans
quarter of X.XX% classified as compared XXXX. from of XX, represent to X.XX% linked Adversely down as and loans total X.XX% of June the loans,
of total to June assets. X.XX% continue at losses XX, for $XXX,XXX the and months remain loan at assets three non-performing negligible modest Net Banner's be ending
in posted net a resulting commitments losses further as well we reserved million forecast, losses as loan the for for $X.X of million. the loan a reported provision million provision a result in growth in As of of a for coupled loan $X.X $X.X economic unfunded loan quarter a with deterioration
recorded we the in available portfolio. subordinated was quarter million million. with downgrades provision within for conjunction financial addition, for debt ratings held for a for total, institutions the sale the In In on investment losses $X securities credit provision $X.X
coverage one of XX, reserve XX. XXXX. to when the our totaled June compares million total the point The reduction of compared as of XXX% loans our linked non-performing loans. currently reserve basis of to quarter ACL After June is provision, or X.XX% $XXX.X This of X.XX% a and as of coverage provides
activity when volumes totals the an to the quarter loan review increased or reflects basis. prior increasing A million origination loan annualized on of $XXX XX% compared loan with
one- residential rate loans, in growth Excluding four-family the growth the is annualized to X%.
of X% testament increased business the success to small the business and bank lending, commitment all and super utilization C&I-line for model we quarter reported through in commercial open and to a loan community both moderate in our cycles. growth being
up business XX%. commercial loans Year-over-year are
commercial moved held as who Excluding quarter, in related the relationships multifamily, their real who either with to they existing in loans properties increased estate X% or Banner refinanced clients new balances additional properties our primarily acquired portfolios. expanding to
to quarter, near in of commercial environment mute in interest June compared economic the down is estate the the changing XXXX. expected to with rate real loans discussed coupled growth XX, term. current are environment X% Balances And when as last further
and less last similar X% to CRE at portfolio this perform to The continues is quarter, portfolio of total adversely well than classified the time.
in the remains presentation, as stable quality. portfolio investor fifty-fifty office office reflected investor X.X% total geographically as size, In is portfolio represents between well prior disclosures Our and owner-occupied. as in in loans, of split CRE the very and and diversified size granular credit line remains with roughly currently
of portfolio quick the last There review quarter. Still, out will been provide metropolitan office report has related statistics. the change I the negligible in a the to since area office composition
of We in million. of have $XX and that of $XX loans District $X.X average Central than of an the less city loan in Business million size million office exposure of Seattle, less than with the
two aggregate have less district million. exposure which of located In million $X in of over loans, the than office $XX Sacramento, of secured business slightly an with we central only are
We have than exposure loan million. of City million with $X.X an in Bellevue, average of less the Washington than $XX size of less
exposure currently our only adversely two Oregon only $X.X an million. the than loan than the with we a average $X of metropolitan million. Los average with is than size less loan $XX San less of an We in aggregate classified and size have areas have aggregate these $X importantly office Portland, balance million in Angeles, and is one than property properties million, exposure have We Francisco City office In in million. of currently of office $X.X $XX less under million under less with within balance
market In average size year-over-year. approximately loans total, affordable to multifamily were rate. I XX% $X.X in balance quarter product flat and spread commented real housing of sales loan have within million declined less development residential but estate quarter, decline in continue Construction a of our And to portfolio the across outpace a and the before, projects loan XX% reflecting as up XX% footprint. X% as than continues be the is Multifamily residential by line. replacements completed in balances construction with continued starts this
XX% Multifamily of and in growth development lesser with over year-over-year X% of to have dollars June primarily growth two-thirds reflect to the XXXX, the portfolio increased driven much construction projects. development to loans multifamily a construction affordable compared land the related nearly land increase construction an housing and When book. by in of extent loans to the
housing to and to bears starts portfolio be sales to land and resale strongest did which exposure our limited The product underwriting footprint, across builder's our consistent housing diversified limited that of this And of it compounded price sponsors. we repeating and our lack quarter have geography in favor. the starts inventory is the a the working slowed, our of has construction spread continues residential with in by both remained function I that is While point, the across mix pleased home up in portfolio's performance. to our volume remains pick be continue supply,
construction in their portfolio, and that completed XX% is include builders X-to-X multifamily, loans. and well capitalized sales being total they able comprised quarter, residential X% at noted and land of absorb to and cycle in As construction the moving. remain you proactive the of XX% new exposure product In X%, to reduce a When have commercial starts been profit homes product. our of of last and are They remains exposure mortgage residential longer total total family keep at marketing margins. construction selective down adding acceptable custom remains
increased agricultural are expected compared due year-over-year. up operating the balances linked X% loan As in when XX% line to to usage, up quarter quarter; the balances
noted I quarter. Continuing way the super custom the in of again to construction started that release as the same completed balance Banner's community the on model lastly we up consumer metrics in will the bank noting sheet. well. in reported I strong X% all-in-one be to portfolio clients growth And our trend our earnings loans credit mortgage and close on continue continues serve retaining
capital to recession begin brings. and and will last quarter, whatever losses economic As base. continues our loan immune. a is effects our be and our be I when environment our business source uncertain robust cycle to and navigate a economic well credit designed for strength is said culture positioned with said processes not through for the is emerge solid we consistent of the to remain we underwriting That as reserve Certainly cycles moderate review risk profile this success of
to I'll for Peter? microphone the Peter over that turn his With comments.
