Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported first quarter 2014 net income of $2.4 million, or $0.23 per share. This represents the Corporation’s 55 th consecutive quarterly profit over its 57 quarter history. Consistent with management’s stated objective of a 40%-50% payout ratio against core earnings, the Board of Directors declared a cash dividend of $0.12 per share for holders of record as of May 5, 2014 and payable on May 23, 2014. The increase in routine dividend reflects Management’s favorable performance outlook and comfort with a favorable capital position. Overall, first quarter 2014 pretax earnings fell when compared to first quarter 2013 pretax earnings by $2.3 million due to the significant decrease in mortgage segment pretax earnings of $2.8 million. Positively offsetting the reduction in mortgage segment pretax earnings was an increase in banking segment pretax earnings of 10% or $383 thousand during the first quarter of 2014 in comparison to the first quarter of 2013. Even with the drastic reduction in volume, the mortgage division was able to reduce its overhead during 2013 to allow for a break-even performance in the first quarter 2014. Pretax earnings were also positively impacted by a $178 thousand reduction in pretax loss of the Wealth Management Segment that resulted in near break-even performance for the first quarter of 2014 when compared to the first quarter of 2013. Net interest margin for the first quarter 2014 increased to 3.78% from 3.73% for the same period in 2013. On a linked quarter basis, the margin decreased from 3.89% for the three months ended December 31, 2013 due to decreased yields in the investment and loan portfolios. On a consolidated basis, the Corporation reported annualized return on average assets of 1.10% and 1.66% for the three month periods ended March 31, 2014 and 2013, respectively. Meanwhile, the annualized return on average equity was 10.43% and 15.95% for the three month periods ended March 31, 2014 and 2013, respectively.