The parent company of Randolph-based Envision Bank is coming off its best quarter since 2017 and since the bank rebranded from Randolph Savings Bank, attributing the success to moves it has made in its mortgage division.

The company announced a net loss of $51,000, or $0.01 per share, for the first quarter of 2019 compared to a net loss of $707,000, or $0.13 per share, for the first quarter of 2018. That is the lowest level of losses the bank has reported since the third quarter of 2017. In 2018, the company reported more than $2 million losses overall.

“Because of the typical slowdown in homebuying during the winter months in New England, our mortgage banking business generally experiences its lowest loan origination volume of the year during the first quarter,” James P. McDonough, president and CEO of the company, said in a statement. “However, the actions taken in the fourth quarter of 2018 to expand our loan origination capabilities and to consolidate mortgage banking operations had a significant impact in the improvement in our first quarter revenues and operating results compared to the prior year period.”

The bank extended its geographic footprint in the fourth quarter of 2018 to Central and Western Massachusetts, adding 14 loan originators in new locations in Westborough, West Springfield and Wilbraham.

Envision added three additional loan originators to serve MetroWest in January. To support these additions and help manage liquidity, the bank hired an individual experienced in the sale of residential mortgage loans, primarily jumbo and adjustable rate mortgage loans, directly to other financial institutions.

Also during the first quarter, Envision hired Nancy Curry as its new senior vice president of commercial lending. Curry formerly led the commercial real estate team at Blue Hills Bank, which was recently acquired by Rockland Trust.

“Overall, our residential mortgage loan production increased 40 percent compared to the first quarter of last year and our pipeline of interest rate lock agreements with customers increased threefold at March 31, 2019, compared to March 31, 2018,” McDonough said. “With the drop in mortgage rates, we are optimistic that the recent surge in loan applications will be sustained throughout the upcoming spring homebuying season.”

Net interest income during the quarter was $4.4 million, up nearly 10 percent from the first quarter of 2018. The margin settled at 3.04 percent at the end of the quarter, down 16 basis points on a year-over-year basis.

Total assets at the end of the first quarter were $614 million, up more than $80 million year-over-year. Total loans were roughly $481 million, up about $74 million year-over-year.

Non-interest income in the quarter was roughly $3.4 million, up about $1 million from the first quarter of 2018. The bank recognized no provision for loan losses for the first quarter of 2019, compared to $95,000 for the first quarter of last year. Nonperforming assets as a percentage of total assets in the first quarter was .48 percent, down six basis points from one year prior.