This compares to year-ago revenues of $421.28 million. Well, we've been actually looking at our credit portfolio sector by sector. In the current environment, we are comfortable in managing the balance sheet with a higher level of liquidity and recognize that when loan growth accelerates, as it is starting to, this headwind to the net interest margin will largely self-care. Okay. As of September 30, we reached a record $41.7 billion in deposits, including a record $14.9 billion in demand deposit accounts. And then just on the deferrals, the C&I ex-energy has been fairly muted to date. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. So I think if you look at the month of September, not quarter-to-date, and the average yield in the portfolio, it is up a little bit, close to 2%. But on C&I, if we exclude PPP, what type of growth are you expecting in that loan category? Second, partial repayment of the PPPLF ahead of PPP loan forgiveness for our customers, a process that we have already begun. And so our clean energy, the project finance, those type of business are all coming back stronger than before. We're making sure that the grading is appropriate. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 65% of East West loan portfolio is variable rate. Efficiency ratio in the third quarter was 41.3%. And we, as of today, feel pretty good about where we are today. Yes. I mean, at this point, it will be too early for us right in the midst of this upcoming presidential election, with the mystery of when the vaccine will be available. I think you touched on the fact that the commercial real estate migrated a little bit. However, as the downward repricing of our earning assets to benchmark rates is largely complete and we continue to reduce the cost of funds as maturing CDs reprice lower. The results beat Wall Street expectations. For our allowance calculation, we rely on Moody's and the economic forecast there to kind of tailor to our portfolio. Curious as to what the outlook is for the fourth quarter of that customer transaction activity. Yes. Our allowance for loan losses was $618 million as of September 30 or 1.65% of loans held for investment, modestly down from $632 million or 1.7% of loans as of June 30. These figures are adjusted for non-recurring items. And thank goodness, as of today, we do not have -- one employee actually went to a hospital for COVID-19 and so all of us are in very good health. Our third quarter return on average assets was 1.26%. At the end of the day, U.S. will compete with China economically. Cumulative Growth of a $10,000 Investment in Stock Advisor, East West Bancorp Inc (EWBC) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $EWBC, East West Bancorp Inc (EWBC) Q1 2020 Earnings Call Transcript, East West Bancorp Inc (EWBC) Q4 2019 Earnings Call Transcript, East West Bancorp Inc (EWBC) Q3 2019 Earnings Call Transcript, East West Bancorp Inc (EWBC) Q2 2019 Earnings Call Transcript, East West Bancorp Inc (EWBC) Q1 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information. Let's conquer your financial goals together...faster. Great. Commercial real estate loans on deferral have also decreased, down to 6.6% as of October 20, comprised of 3.8% on partial payments and 2.8% on full payment deferral, largely reflecting the longer COVID-19 impact on cash flows for certain properties. This concludes our question-and-answer session. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Thanks. Yes. Third quarter average balance -- third quarter average loans of $37.2 billion grew quarter-over-quarter. I think their utilization rate for their line of credit would probably continue to stay a little bit lower. So if we look at kind of the breakdowns of our allowance, the amount of reserve that we have set aside for our real estate loans is just over $200 million -- so on income-producing real estate and also multifamily. So we paid off the $453 million (sic) $524 million. I guess, the concern that we have is does -- does it continue, right? The good news is that, as we highlighted in our talk earlier, that in the latter part of September, we start really booking some nice C&I loans. Reflecting these drivers and assumptions, we recorded a $10 million provision for credit losses during the third quarter of 2020 compared to $102 million in the second quarter.