Return on average assets was 1.32 percent for the first quarter of 2001, and return on average common shareholders' equity was 16.63 percent. We have some margin pressure, but overall things are going well. Our bankers are doing a great job of making calls on quality prospects and moving business to Southwest. I must give credit to the Houston economy as well. Virtually all short-term indicators show strength in the Houston economy, in contrast with the National economy that has shown weakness.
Many economists point to Houston as the bright spot in the national economy.
While we remain optimistic about the bank's ability to grow fee income, loans and deposits in a vibrant Houston economy, we must recognize that it is realistic to expect additional margin pressure throughout the year. Citizens is a three-bank holding company in east Harris County and is the largest Harris County bank holding company that does not operate in Houston. The operational merger is on track to be completed during the second quarter of 2001, with resulting cost saves to be recognized in the second half of 2001. The two organizations are already implementing cross-selling initiatives. The following historical financial data has been restated to include the accounts and operations of Citizens for all periods presented prior to the acquisition date.