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Component: (Network and Table)
Network
0006 - Statement - Consolidated Statements of Cash Flows
(http://alliancebanknc.com/role/ConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
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  
 
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) 
 
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) 
 
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