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Alliance Bankshares' net loss per diluted common share was USD0.18, compared to USD0.46 in the prior year's third quarter.
Net interest income of the company was USD4.1m, an increase from the previous year's third quarter net interest income of USD3.2m.
The provision for loan losses was reduced to USD1.4m from USD2.2m.
Thomas A Young Jr, president and CEO, said that the key drivers of the company's return to profitability are improving, i.e. a rising net interest margin, successful deposit gathering initiatives, well contained non-interest expense and declining levels of non-performing assets.
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