ALLIANCE BANKSHARES CORP

CIK:0001181001|SEC Filings

Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2012

11.

Net Income (Loss) Per Share

The following tables show the weighted average number of shares used in computing net income (loss) per share and the effect on weighted average number of shares of potential dilutive common stock. Potential dilutive common stock had no effect on income (loss) available to common shareholders for the periods presented.


Three Months Ended September 30,
	2012						2011
	Shares			Per Share Amount			Shares			Per Share Amount
Basic net (loss) per share		5,109,969		($	0.03	)		5,108,969		($	0.10	)

Effect of dilutive securities, stock options		—						—

Diluted net (loss) per share		5,109,969		($	0.03	)		5,108,969		($	0.10	)

Net (loss) utilized in the earnings per share calculations above (in thousands)	$	(170,000	)				$	(503,000	)


Nine Months Ended September 30,
	2012						2011
	Shares			Per Share Amount			Shares		Per Share Amount
Basic net income (loss) per share		5,109,969		($	0.30	)		5,108,616	$	0.05

Effect of dilutive securities, stock options		—						20,695

Diluted net income (loss) per share		5,109,969		($	0.30	)		5,129,311	$	0.05

Net income (loss) utilized in the earnings per share calculations above (in thousands).	$	(1,522,000	)				$	256,000

All average shares have been excluded from the calculation for the nine months ended September 30, 2012. Average shares of 167,306 have been excluded from the calculation for the nine months ended September 30, 2011, because their effects were anti-dilutive.

Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2012

Supplemental Cash Flow Information

12.

Supplemental Cash Flow Information

Supplemental disclosures of cash flow information for the nine months ended September 30, 2012 and 2011:


	September 30, 2012		September 30, 2011
	(Dollars in thousands)
Supplemental Disclosures of Cash Flow Information:
Interest paid during the nine months	$	3,202	$	4,243


Income taxes paid during the nine months		—	$	—


Supplemental Disclosures of Non-cash Activities:
Fair value adjustment for securities	$	670	$	767


Transfer of loans to foreclosed assets	$	963	$	434

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 115,515	$ 45,837
Federal funds sold	26,594	16,567
Trading security, at fair value	293	596
Investment securities available-for-sale, at fair value	79,411	123,463
Restricted stock, at cost	3,972	4,772
Loans, net of allowance for loan losses of $4,866 and $5,393	283,115	301,483
Premises and equipment, net	1,103	1,415
Other real estate owned, net	3,575	3,748
Deferred tax assets, net	1,601	1,553
Accrued interest and other assets	6,751	7,049
TOTAL ASSETS	521,930	506,483
LIABILITIES:
Non-interest bearing deposits	145,295	112,450
Savings and NOW deposits	84,058	51,475
Money market deposits	18,123	23,370
Time deposits	166,733	193,148
Total deposits	414,209	380,443
Repurchase agreements	22,558	40,420
Federal Home Loan Bank advances ($30,018 and $29,350 at fair value)	45,018	44,350
Trust Preferred Capital Notes	10,310	10,310
Other liabilities	2,766	2,838
Commitments and contingent liabilities
Total liabilities	494,861	478,361
SHAREHOLDERS' EQUITY:
Common stock, $4 par value; 15,000,000 shares authorized; 5,109,969 shares issued and outstanding at September 30, 2012 and December 31, 2011	20,440	20,440
Capital surplus	25,942	25,915
Retained (deficit)	(19,791)	(18,269)
Accumulated other comprehensive income, net	478	36
Total shareholders' equity	27,069	28,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 521,930	$ 506,483