Total assets decreased by 11% to $83 million as the Bank continued to re-align its balance sheet by reducing CRE (Commercial Real Estate) concentrations and reducing non-performing assets. The Bank finished the year with 73% of its deposit base in core deposits compared to only 49% at year-end 2009. This allowed the Bank to reduce its cost of funds and maximize its net interest margin, ending the year over 4%. While interest income was down by 8%, this was more than offset by a 42% reduction in interest expense. This resulted in a 6% increase in net interest income for the year.