Alliance Bank & Trust (OTCBB: ABTN) reported net income of $234,000, or $0.09 per diluted share, for the quarter ended June 30, 2007, compared to a second quarter income of $101,000 in 2006.
Net interest income for the three months ended June 30, 2007 was $1,227,000, an increase of $310,000 or 34 percent over the same period last year.
Assets at June 30, 2007 were $125,358,000, an increase of $29,761,000 or 31 percent over the $95,597,000 in assets reported at June 30, 2006. Loans totaled $100,620,000 at June 30, 2007, an increase of 23 percent over the same date last year.
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 state-chartered full-service community bank.
For additional information, contact Bill Sudyk or Dan Ayscue at 704.867.5828, or e-mail bill.sudyk@alliancebankandtrust.com or dan.ayscue@alliancebankandtrust.com.