Alliance Bank & Trust Company Earnings up 65% for Year.Alliance Bank & Trust Company Announces Year End December 31, 2007 Earnings GASTONIA, N.C. -- Alliance Bank & Trust (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABTN ABTN Associação Brasileira de Normas Técnicas (Brazilian Association of Technical Norms) .OB) reported net income of $829,000 or $0.31 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share for the year ending December 31, 2007, an increase of 65% over the net income of $502,000 for the same period last year. For the quarter ending December 31, 2007, reported net income equaled $175,000 or $0.07 per diluted share or 18% lower than the same period earnings of $215,000 in 2006. Net interest income for the 3 months ending December 31, 2007 was $1,320,000, and increase of $311,000 or 31% over the 3 months ending December 2006. Assets at December 31, 2007 were $147,414,000 increase of $35,220,000 or 31% over the $112,194,000 in assets reported at December 31, 2006. Loans totaled $119,523,000 at December 31, 2007, an increase of 31% over December 31, 2006. Alliance Bank & Trust (www.alliancebankandtrust.com) specializes in serving the banking needs of small businesses, professionals and individuals in and around Cleveland and Gaston counties. Alliance Bank & Trust is a North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. state-chartered full service community bank. Member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). |
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