ABPA Allegiance Bank North America featured news, full reports, and detailed charts
Allegiance Bank North America (ABPA/ABPA.OB) Wrap Up:
Allegiance Bank of North America provides personal and business banking services in Pennsylvania. The company’s personal banking services include personal checking services, such as personal interest checking and non-interest checking accounts; personal savings services, including statement savings accounts, personal money market accounts, certificates of deposit, jumbo certificates of deposit accounts, individual retirement accounts, Master Money debit cards, and Allegiance Internet banking; and consumer loans comprising home equity lines of credit, home equity fixed rate loans, personal loans, automobile loans, STAR overdraft courtesy, and Visa cards. Its business banking services consist ...Allegiance Bank North America (ABPA:OTC Bulletin Board Market)
Snapshot of Allegiance Bank North America (ABPA)
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OPEN
$0.07
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PREVIOUS CLOSE
$0.07
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DAY HIGH
$0.07
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DAY LOW
$0.07
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52 WEEK HIGH
02/9/09 - $2.00
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52 WEEK LOW
11/18/09 - $0.07
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MARKET CAP
0.0
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AVERAGE VOLUME 3 mo
27.4K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
0.0
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ABPA Does Not Pay Dividends
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P/E TTM
NM
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ABPA Top Compensated Officers
Executives, Board Directors
Key developments for Allegiance Bank North America (ABPA)
Allegiance Bank North America reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted net loss of $519 000, or $0.11 diluted per share, compared to a net loss of $670,000, or $0.14 diluted per share for the third quarter of 2008. Total interest income was $1,956,000 compared to $2,736,000 for the same period a year ago. Net interest income was $891,000 compared to $1,486,000 for the same period a year ago. For the nine months, the company has posted net loss of $8.3 million or $1.74 per share, compared to a $3.0 million or $0.62 per share loss for the same period in 2008. The $5.3 million increase in net loss is primarily due to a net $3.3 million increase in net loss recorded by Paramount during this period. Total interest income was $6,226,000 compared to $8,148,000 for the same period a year ago. Net interest income was $2,874,000 compared to $4,278,000 for the same period a year ago.
Allegiance Bank North America reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported a net loss of $7.0 million, or $1.46 per share, for the second quarter of 2009, compared to a net loss of $1.8 million, or $0.38 per share in the second quarter of 2008. Total interest income was $2.1 million compared to $2.7 million for the same period a year ago. Net interest income was $990,000 compared to $1.3 million for the same period a year ago. For the six months, the company reported net loss of $7.8 million or $1.63 per share, compared to a $2.3 million or $0.48 per share loss during the same period in 2008. Total interest income was $4.3 million compared to $5.4 million for the same quarter a year ago. Net interest income was $2 million compared to $2.8 million for the same quarter a year ago. The company reported reductions in net interest income are related to the current historically low interest rate environment and the increase in non-performing loans during the last year. The higher provision for loan losses during both periods is primarily related to the increase in non-performing Bank loans.
Allegiance Bank North America reported unaudited consolidated earnings results for the first quarter ended March 31, 2009. The company reported a net loss of $824 000, or $0.17 per share, for the first quarter of 2009, compared to a net loss of $457,000, or $0.10 per share in the first quarter of 2008. The $367,000 increase in the loss in the first quarter of 2009 compared to the same period in 2008 is attributed to a decrease in net interest income of $461,000. The decrease in net interest income is related to the current historically low interest rate environment and the increase in non-performing loans. For the quarter, the company reported net interest income of $1,006,000 compared to the $1,467,000 for the same quarter year ago.
ABPA Competitors
| Company | Last | Change |
| Bay National Corporation | $1.90 USD | +0.09 |
| Enterprise National Bank NJ | $3.00 USD | 0.00 |
| First National Bk P Allegheny PA | $27.00 USD | 0.00 |
| First Resource Bank | $2.15 USD | 0.00 |
| Patapsco Bancorp Inc | $3.00 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ABPA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.0x |
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| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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ABPA |
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ABPA transactions
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| No transactions in the last 6 months. | ||
More Recent News About Allegiance Bank North America
More news for ABPA
Allegiance Bank of North America Announces Agreement with Federal Deposit Insurance Corporation
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Allegiance Bank of North America (OTCBB:ABPA - News) (the Bank) today announced that it has voluntarily entered into a consent agreement (the Agreement) with the Federal Deposit Insurance Corporation (FDIC) resulting from the receipt of a cease and desist order. Largely reflecting initiatives already implemented by the Board of Directors and Management, the Agreement is based on items identified in a periodic regulatory exam completed as of June 30, 2009. Gregg J. Wagner, President and CEO of Allegiance Bank, commented, “The Board of Directors and management have worked in close cooperation with regulators from the FDIC to reach an Agreement that complements our existing plan to both strengthen our capital base and improve financial performance. Through a number of strategic actions completed this year, we are encouraged by the progress we have already achieved on our plan.â€The Agreement establishes a number of objectives, many of which had already been identified by management as the Bank’s key strategic initiatives. Consequently, since the Agreement is based on items identified in a periodic regulatory exam completed as of June 30, 2009, Allegiance has already implemented actions to achieve the objectives in the Agreement, including the following:Capital PlanClassified AssetsImproving Operations and Financial Performance...Click here to read the whole Article (external link)
Allegiance Bank of North America Reports Operating Results for the Quarter Ended, September 30, 2009
    Consolidated Income Statements (Unaudited) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (In thousands) 2009 2008 2009 2008  Interest Income Loans receivable, including fees ...Click here to read the whole Article (external link)