Loans receivable increased to $14.5 billion at December 31, 2011, compared to $14.2 billion at September 30, 2011 and $13.7 billion at December 31, 2010. This increase in loans receivable was due to growth in the noncovered loan portfolio. During the fourth quarter, noncovered loan balances increased 5% or $507.9 million to $10.6 billion at December 31, 2011. The increase in noncovered loans during the fourth quarter was driven by growth in commercial and trade finance loans, single family loans and consumer loans which increased 4% or $130.3 million, 18% or $278.7 million, and 16% or $80.2 million, respectively.Covered Loans Covered loans totaled $3.9 billion as of December 31, 2011, a decrease of 5% or $216.8 million from September 30, 2011. The decrease in the covered loan portfolio was primarily due to payoffs and paydown activity, as well as charge-offs. The covered loan portfolio is comprised of loans acquired from the FDIC-assisted acquisitions of United Commercial Bank (UCB) and Washington First International Bank (WFIB) which are covered under loss share agreements with the FDIC. During the fourth quarter, we recorded a net decrease in the FDIC indemnification asset and receivable included in noninterest income (loss) of $(20.4) million, largely due to continued improved credit performance of the UCB portfolio as compared to our original estimate. Deposits At December 31, 2011, total deposits equaled $17.5 billion as compared to $17.3 billion at September 30, 2011 and $15.6 billion at December 31, 2010. Throughout the year and continuing in the fourth quarter of 2011, we focused on growing commercial and low-cost core deposits and reducing our reliance on time deposits. Core deposits increased to a record $10.3 billion at December 31, 2011, or an increase of 5% or $482.7 million from September 30, 2011. Quarter to date, all core deposit categories grew, with the largest increases in money market deposits which increased 5% or $243.4 million to $4.7 billion, and demand deposits which increased 3% or $115.2 million to a record $3.5 billion. Time deposits totaled $7.1 billion at December 31, 2011, or a decrease of 5% or $338.4 million from September 30, 2011.