as Wrigley Field its principal subsidiary
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as reports about wrigley field its principal baseball tickets tells subsidiary that provides retail andcommercial banking, and trust and investment services through 29 offices inCortland, Madison, Oneida, Onondaga and Oswego counties.Alliance alsooperates an investment management administration center in Buffalo, N.Y., anequipment lease financing company, Alliance Leasing, Inc., and a multi-lineinsurance agency, Ladd's Agency, Inc.Contact: Alliance Financial Corporation J. Daniel Mohr, Treasurer and CFO (315) 475-4478SOURCEAlliance Financial CorporationJ. Daniel Mohr, Treasurer and CFO of Alliance Financial Corporation,+1-315-475-4478. Representatives of the Company are scheduled to deliver a presentation toinvestors and analysts on July 29, 2009 at 8:30 a.m.The conference takes place at the Waldorf Astoria, 301 Park Avenue in New YorkCity.A live audio-webcast of the presentation, as well as the materials usedin the presentation, will be available via the Internet at: http:// and the webcastmay contain forward looking statements and other material information.Alliance Financial Corporation is an independent financial holding companywith Alliance Bank, N.A. Alliance Financial Corporation to Participate in Keefe Bruyette & Woods 10thAnnual Community Bank Investor ConferenceSYRACUSE, N.Y., July 20 /PRNewswire-FirstCall/ -- Alliance FinancialCorporation (the "Company") (Nasdaq: ALNC), the holding company for AllianceBank, N.A., will participate in the Keefe Bruyette & Woods 10(th) AnnualCommunity Bank Investor Conference being held in New York City. TheCompany intends that such forward-looking statements be subject to the safeharbors created thereby.All forward-looking statements are based on currentexpectations regarding important risk factors, including but not limited toreal estate values, market conditions, the impact of interest rates onfinancing, and local and national economic factors.Accordingly, actualresults may differ from those expressed in the forward-looking statements, andthe making of such statements should not be regarded as a representation bythe Company or any other person that results expressed herein will beachieved.SOURCEBCSB Bankcorp, Inc.Joseph J Bouffard of BCSB Bancorp, Inc., +1-410-248-9130.
The Company has the ability and the intent to hold thesesecurities to maturity and, to date, the securities have performed inaccordance with their terms address for wrigley field . This drop in value is reflective of turmoilin the mortgage backed securities market and the market price decline of thesesecurities cellular field seating chart . Most ofthis loss relates to the Company's $23.2 million collateralized mortgageobligation securities portfolio citifield stadium . As stated above, $500,000 in losses wererecorded in earnings during the quarter ended June 30, 2009 as a result ofthese securities, for which the gross market value has declined by $4.4million over the past nine months city of palms park . Stockholders' equity was negatively impacted byaccumulated other comprehensive loss (net of taxes) which was ($3.3) millionat June 30, 2009 compared to ($2.5) million as of September 30, 2008. Bouffard commented "Althoughdisappointed with recent quarterly operating results, we remain wellpositioned to weather currently challenging economic conditions.
Net interestincome and our net interest margin continue to improve address of wrigley field . During the three months ended June 30, 2009, the Company's earnings werenegatively impacted by $270,000 in additional FDIC insurance premiums due torecently implemented special assessments for all insured institutions,$500,000 in recognized credit losses for mortgage-backed investment securitiesdeemed by management to be "Other Than Temporarily Impaired" (OTTI) and$600,000 in loan loss provisions comiskey park . The Bank is very wellcapitalized and asset quality within our loan portfolio remains strongoverall." Stockholders' equity increased by $9.8 million during the nine months endedJune 30, 2009.This increase is primarily due to the $10.8 million sale ofpreferred stock and warrants in December 2008 under the U.S Treasury's TARPCapital Purchase Program cost of new yankee stadium . Within this group, nonperforming commercial loans increased to $1.3million at June 30, 2009 from $857,000 at March 31, 2009, a 52% increase.Loans classified special mention, substandard and loss, which includenonperforming loans, increased to $15.8 million at June 30, 2009 from $12.9million at March 31, 2009.The Company also had $639,000 in foreclosed realestate as of June 30, 2009 versus no foreclosed real estate at March 31, 2009.Nonperforming assets to total assets were .41% as of June 30, 2009.President and Chief Executive Officer Joseph J cubs rooftop . Additional loan loss provisions during the three months ended June 30, 2009were necessary to address increases in troubled assets and the continueddecline in overall economic conditions.
Nonperforming assets were $2.4 millionat June 30, 2009 versus $1.9 million at March 31, 2009, representing a 28%increase address to wrigley field . The net loss for the nine months ended June 30, 2009 was $76,000, as comparedto net income of $434,000 for the nine months ended June 30, 2008 cubs rooftop tickets . Whenconsideration is given to dividends and discount accretion on preferred sharesissued under the U.S baseball tickets . Treasury's TARP Capital Purchase Program, the net lossavailable to common stockholders was $398,000 or $(0.14) per basic and dilutedshare for the nine months ended June 30, 2009, compared to net incomeavailable to common stockholders of $434,000 or $0.14 per basic and dilutedshare for the nine months ended June 30, 2008 cellular field seating chart . This compares to net income of $285,000 for the three months ended June 30,2008. When consideration is given to dividends and discount accretion onpreferred shares issued under the U.S.
Treasury's TARP Capital PurchaseProgram as disclosed in the accompanying Consolidated Financial Statements ofOperations, the Company reported a net loss available to common stockholdersof $575,000 or ($0.20) per basic and diluted share for the three months endedJune 30, 2009, compared to net income available to common stockholders of$285,000 or $0.09 per basic and diluted common share for the three monthsended June 30, 2008 arena field . The Company's products aregenerally sold to steel service centers, steel fabricators, or directly tooriginal equipment manufacturers ("OEMs") for use in a variety of industries,including non-residential, infrastructure, commercial, industrial andresidential construction, metal building, manufacturing, automotive, mining,cellular and electrical transmission and equipment manufacturing citifield stadium . GerdauAmeristeel's majority shareholder is the Gerdau Group, a 100+ year old steelcompany, the leading company in the production of long steel in the Americasand one of the major specialty long steel suppliers in the world city of palms park . GerdauAmeristeel's common shares are traded on the New York Stock Exchange and theToronto Stock Exchange under the ticker symbol GNA.SOURCEGerdau Ameristeel CorporationBarbara Smith, Vice President and Chief Financial Officer, (813) 319-4324, . BALTIMORE, July 20 /PRNewswire-FirstCall/ -- BCSB Bancorp, Inc.