Even in this operating environment, we made considerable progress throughout the year and sustain this improvement in the fourth quarter. Our fundamental operating metrics remain strong as we stay confident in our core strategies and continue to see improvement in asset quality trends. We saw some of the early impact of new regulations created from the Dodd-Frank Act throughout the year and the pressure just were put on certain revenue sources going forward.However, proactive changes we made in our operations have allowed us to neutralize most of this earnings pressure and position us for the future. Lower credit related expenses, while still running considerably higher than historic levels were also a significant factor in the stronger earnings performance in 2011. Continuation of these trends along with the ability to grow loan balances will be critical to our success going forward.
First Defiance Financial Corporation CEO Discusses Q4 2012 Results (Transcript)
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