And fifth, and also importantly, we paid our $0.25 dividend after earning $0.27 per share of net income. We focused this quarter on making investments and repositioning our commercial real estate mortgage origination business. We are doing this with $200 million of cash on the balance sheet and no short-term debt. We spent the last few years in defensive mode and that left us well positioned.We are now officially on the offense, our ability to play defense is demonstrated by our deleveraging to discount purchases of our bonds and by the performance of our overall portfolio throughout the financial crisis and after. As one can see, our credit seems to be getting better with write-offs and reserves going down by 50% quarter-over-quarter. Our ability to play offence is highlighted by the gains in the quarter from spotting attractive investment opportunities over the last six months. As for investments, we are restarting the engines of our real estate lending machine. We have kept our team intact from before the financial crisis, we reviewed many opportunities, but we’re selective to choose only the best one. That patience has paid off and we’re finally finding opportunities that indeed set to build. After the quarter, we closed our first two loans, which Dave Bloom our Head of Real Estate Lending will go over in his report. They are truly accretive to earnings as we are reinvesting cash that is currently sitting on the balance sheet earning nothing. Now to credits, this quarter we took the opportunity to increase our general reserve on our commercial real estate loan portfolio by $2.4 million. Also due to a quarter proved bankruptcy settlement, we foreclosed on a portfolio condominium and worked the asset down to the likely sales proceeds, resulting in a $600,000 charge. This was an asset that was already in the pause for many, many quarters.