Carrollton Bancorp, (NASDAQ: CRRB) the parent company of Carrollton Bank, announced a net loss for the fourth quarter of 2010 of $1.2 million, compared to a net loss of $571,000 for the fourth quarter of 2009. Net loss available to common shareholders for the fourth quarter of 2010 was $1.3 million ($0.52 loss per diluted share) compared to a net loss to common shareholders of $707,000 ($0.28 loss per diluted share) for the fourth quarter of 2009. Carrollton Bancorp also announced the temporary suspension of its quarterly dividend. The dividend was reduced from $0.02 per share in the prior quarter in recognition of the Company’s limited earnings during the quarter. The Company’s loss before taxes was $2.0 million for the quarter ended December 31, 2010 compared to pre-tax loss of $1.0 million for the quarter ended December 31, 2009. During the fourth quarter of 2010 as compared to the same quarter in 2009, the Company increased its provision for loan losses by $567,000, from $1.9 million to $2.5 million. During this same period, the Company improved non-performing assets (non-accrual loans and foreclosed real estate) by 40% from $15.8 million at September 30, 2010 to $9.5 million at December 31, 2010. As a result of this improvement and the Company’s continued effort in managing interest rate risk, the Company’s net interest income improved by approximately $338,000. This increase was offset by a decrease in non-interest income of approximately $65,000, and the aforementioned increases in the provision for loan losses of approximately $567,000 and non-interest expenses of approximately $706,000, which can be attributed to loan collection expenses and costs relating to other real estate owned. For the year ended December 31, 2010, the Company’s loss before taxes increased to $1.8 million compared to a loss before taxes of $1.2 million for the year ended December 31, 2009. The provision for loan losses in the 2010 full year period was $4.1 million as compared to $4.2 million for 2009. This slight improvement was offset by a $1.2 million increase in losses on securities primarily associated with the write-down of impaired bank equity and Trust Preferred securities in 2010 as compared to 2009. The Trust Preferred securities income statement write-down does not impair or affect our capital levels because of prior year treatment and write-downs of these securities through our capital. Non-interest income, excluding the securities losses, increased by approximately $274,000 in 2010 as compared to 2009. Non-interest expenses increased by approximately $738,000 in 2010 as compared to 2009 as a result of a $522,000 increase in loan collection related costs and costs associated with foreclosed real estate, as well as a $639,000 increase in salaries and benefits associated primarily with a change in the structure of the mortgage division that resulted in a shift of costs that were previously recorded as an offset to mortgage fee income.