Carrollton Bancorp, (NASDAQ: CRRB) the parent company of Carrollton Bank, announced net income for the third quarter of 2010 of $153,000, compared to a net loss of $594,000 for the third quarter of 2009. Net income available to common shareholders for the third quarter of 2010 was $18,000 ($0.01 income per diluted share) compared to a net loss to common shareholders of $732,000 ($0.28 loss per diluted share) for the third quarter of 2009. Carrollton Bancorp also announced a quarterly dividend of $0.02 per share, payable December 2, 2010 to stockholders of record on November 12, 2010. The dividend was reduced from $.04 per share in the prior quarter in recognition of the Company’s limited earnings during the quarter. The Company’s quarterly income before taxes was $183,000 for the quarter ended September 30, 2010 compared to pre-tax operating loss of $1.1 million for the quarter ended September 30, 2009. During the third quarter of 2010 as compared to the same quarter in 2009, the Company improved net interest income by approximately $456,000 while also increasing non-interest income by approximately $419,000. These increases were partially offset by an increase in non-interest expenses of approximately $283,000. The provision for loan losses in the third quarter of 2010 was $940,000 compared to $1.6 million for the same quarter in 2009. For the nine month period ended September 30, 2010, the Company’s income before taxes increased to $191,000 compared to a loss before taxes of $133,000 for the same period in 2009. The provision for loan losses in the 2010 year to date period was $1.6 million as compared to $2.3 million for the same period in 2009. This improvement was offset by an $850,000 increase in losses associated with the write-down of impaired securities in 2010 as compared to 2009. Non-interest income, excluding the securities write-down, and non-interest expenses were essentially flat for the year over year nine month periods.