Operator: Good day, ladies and gentlemen. My name is Monsrat, and I will be your conference operator today. At this time, I would like to welcome everyone to the Comerica 2013 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Following the presentation there will be a question-and-answer session. Thank you.
I would now like to turn the call over to your host Ms. Darlene Persons. Ma'am you may begin your conference.
Darlene P. Persons - SVP, Director, IR: Thank you, Monsrat. Good morning and welcome to Comerica's second quarter 2013 earnings conference call. Participating on this call will be our Chairman, Ralph Babb; Vice Chairman and Chief Financial Officer, Karen Parkhill; Vice Chairman of the Business Bank, Lars Anderson; and Chief Credit Officer, John Killian. A copy of our press release and presentation slides are available on the SEC's website, as well as in the Investor Relations section of our website, Comerica.com. As we review our second quarter results, we will be referring to the slides, which provide additional details on our earnings.
Before we get started I would like to remind you that this conference call contains forward-looking statements, and in that regard, you should be mindful of the risks and uncertainties that can cause future results to vary from expectations. Forward-looking statements speak only as of the date of this presentation, and we undertake no obligation to update any forward-looking statements. I refer you to the Safe Harbor statement contained in the release issued today, as well as Slide 2 of this presentation, which I incorporate into this call, as well as our filings with the SEC.
Also, this conference call will reference non-GAAP measures, and in that regard, I would direct you to the reconciliation of these measures within this presentation.
Now, I'll turn the call over to Ralph who will begin on Slide 3.
Ralph W. Babb Jr. - Chairman and CEO Comerica Incorporated and Comerica Bank: Good morning. Today, we rewarded second quarter 2013 earnings of $0.76 per share or $143 million compared to $0.70 per share or $134 million for the first quarter of 2013. Average loan growth, fee income growth, expense control and continued solid credit quality contributed to our 9% increase in earnings per share in the second quarter.
Turning to Slide 4, another highlights, average total loans grew $276 million compared to the first quarter and reflected an increase of $337 million or 1% in commercial loans. Our Middle Market business lines across all three of our major geographies were the key contributor to our loan growth in the second quarter.
Overall, customers remain cautious, but relatively more positive in this slow growing economy. Average total deposits increased $756 million or 1% in the second quarter, primarily reflecting an increase of $570 million or 3% in noninterest-bearing deposits.
Net interest income remained relatively stable in the second quarter declining $2 million as a contribution from an additional day in the quarter and loan growth were offset by the decline in accretion on the acquired portfolio and the impact from continued shifting loan portfolio dynamics. The net interest margin decreased 5 basis points primarily due to lower accretion on the acquired loan portfolio and lower loan yields due to the continued mix shift in the portfolio.