During the fourth quarter, the Company recognized $2.2 million of a tax benefit from the final resolution of certain Internal Revenue Service examination issues related to the amendment of previous tax returns. The Company continues to maintain a valuation allowance against all of its net deferred tax assets.As of December 31, 2012, total assets were $2.05 billion, down slightly from $2.07 billion at September 30, 2012. During the fourth quarter, loans outstanding increased from $1.42 billion to $1.43 billion as a result of new origination activity and the acquisition of a $40 million consumer loan portfolio, offset by continued resolutions of problem loans. Total deposits declined during the quarter to $1.62 billion from $1.63 billion at September 30, 2012 as the Company saw an increase in non-interest bearing deposits offset by continued declines in time deposits. Total assets, loans and deposits at December 31, 2011 were $2.2 billion, $1.5 billion and $1.8 billion, respectively. At December 31, 2012, the Company exceeded all of the regulatory capital minimums and Bank of Hampton Roads and Shore Bank were both considered "well capitalized" under the risk-based capital standards. Caution About Forward-Looking Statements Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, including statements about future trends. Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to those described in the cautionary language included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011, Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and other filings made with the SEC.