| Component: (Network and Table) | |
|---|---|
| Network | 0006 - Statement - Consolidated Statements of Cash Flows (http://alliancebanknc.com/role/ConsolidatedStatementsOfCashFlows) |
| Table | (Implied) |
| Reporting Entity [Axis] | 0001435161 (http://www.sec.gov/CIK) |
| Statement of Cash Flows [Abstract] | Period [Axis] | |
|---|---|---|
2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | |
Statement of Cash Flows [Abstract] | ||
Cash flows from operating activities: | ||
Net income (loss) | (3,255,160) | (3,449,120) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Provision for loan losses | 2,229,856 | 3,346,727 |
Depreciation expense | 182,248 | 169,309 |
Discount accretion and premium amortization | 275,235 | 106,465 |
Loss on sale of other real estate | 252,214 | 7,108 |
Loss on write-down of other real estate | 233,711 | 566,140 |
Loss on sale of loans | 79,395 | 281,293 |
Discount on purchased loans | 1,002,119 | 0 |
Gain on sale of securities available for sale | (52,196) | (410,187) |
Deferred income tax expense | 500,173 | (31,772) |
Increase in accrued interest receivable | (9,491) | (110,580) |
Increase in accrued interest payable | 10,793 | 11,618 |
(Decrease) increase in other assets | (387,973) | 949,736 |
Increase in other liabilities | 60,759 | 110,927 |
Stock based compensation expense | 168,278 | 227,436 |
Net cash provided by operating activities | 1,289,961 | 1,775,100 |
Cash flows from investing activities: | ||
Purchase of securities available for sale | (28,637,262) | (25,291,202) |
Paydowns of securities available for sale | 3,425,782 | 3,092,599 |
Purchases of nonmarketable equity securities | (177,700) | 0 |
Proceeds from sale of nonmarketable equity securities | 257,800 | 145,900 |
Proceeds from sale of available for sale securities | 6,314,069 | 9,544,331 |
(Purchases) maturities of time deposits with other banks, net | (2,510,851) | 506,806 |
Net increase in loans receivable | (821,309) | (16,323,908) |
Purchase of HELOC Portfolio | (24,490,950) | 0 |
Purchases of premises, furniture, and equipment | (62,385) | (78,054) |
Capitalized other real estate expenses | (372,816) | (236,908) |
Proceeds from sale of loans | 4,283,458 | 1,593,994 |
Proceeds from sale of other real estate | 1,698,226 | 915,888 |
Net cash used in investing activities | (41,093,938) | (26,130,554) |
Cash flows from financing activities: | ||
Net increase in deposits | 37,467,193 | 5,313,947 |
(Decrease) increase in federal funds purchased | (360,143) | 360,143 |
Increase (decrease) in Federal Home Loan Bank advances | 5,500,000 | 5,500,000 |
Preferred dividends paid | (43,750) | (175,000) |
Net cash provided by financing activities | 42,563,300 | 10,999,090 |
Net increase (decrease) in cash and cash equivalents | 2,759,323 | (13,356,364) |
Cash and cash equivalents, beginning of year | 8,075,241 | 21,431,605 |
Cash and cash equivalents, end of year | 10,834,564 | 8,075,241 |
Supplemental disclosure of cash flow information: | ||
Transfer of loans to real estate acquired in settlement of loans | 1,014,114 | 5,604,219 |
Interest paid | 2,076,593 | 2,055,643 |
Taxes paid | 0 | 0 |