Allied First Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended March 31, 2012
Allied First Bancorp Inc. announced unaudited consolidated earnings results for the third quarter ended March 31, 2012. For the quarter, the company reported total interest income of $1,592,000 compared to $1,766,000 for the same period a year ago. Net interest income was $1,077,000 compared to $989,000 for the same period a year ago. Pre-tax income was $37,000 compared to pre-tax loss of $147,000 for the same period a year ago. Net income was $31,000 compared to net loss of $79,000 for the same period a year ago. Return on average assets was 0.09% compared to negative return on average assets of 0.20% for the same period a year ago. Return on average equity was 2.63% compared to negative return on average equity of 5.48% for the same period a year ago. Basic and diluted earnings per share were $0.06 compared to basic and diluted loss per share of $0.15 for the same period a year ago. Tangible book value per share was $1.63 compared to $10.20 for the same period a year ago.