Because of the amount of growth in container shipping, we needed to reopen it.

Strong lending results, respectable deposit growth, well-behaved credit trends and excellent results from some of our fee businesses have not been enough to overcome the performance in spread-based revenues.

Deposit growth year to date has not been sufficient to fund loan growth or to prevent further contraction in the net interest margin,

We continue to view ourselves as a growth company and continue to work hard at improving the numbers,

It really doesn't affect North Bay at all.

This has been discussed internally for a few months now. It's our first big step.