The result was a bit soft, earning $0.68 million VS $0.86 million in 4Q10.
Worthy of notes are: 3Q10 & 4Q10 experienced abnormally high interest charge, in the range of 0.20%. My guess is it reverted back to norm in 1Q11. The bank has very low cost deposit and may still do. However, seeing the asset jumped 10% in this quarter, I'd say most came from increased but yet-to-be-deployed deposit. It penalizes income only temporarily. Let's hope loan production improves here on lout.