ALLIANCE FINANCIAL CORP (ALNC) [Rocket]

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	38.8	41.9	46.2	49.8	54.9	59.0	46.8	35.0
Interest income on investments	9.4	13.9	14.2	14.1
Interest income on repurchase agreements				0.0
	48.3	55.8	60.3	64.0	68.0	71.0	57.7	46.3
Interest expense:
Interest on deposits	4.9	7.7	10.8	14.0
	3.4	5.6	8.6	20.6	30.3
Net interest income	39.4	43.3	44.3	43.4	37.7	32.5	27.7	26.9
Provision for loan losses	-0.3	1.9	4.1	6.1	5.5	3.8	2.5	0.1
Net interest income after provision for loan losses	39.7	41.4	40.2	37.3	32.2	28.7	25.2	26.8
Deposit and loan fees	4.3	4.5	4.5	5.0	5.2	5.3	4.3	3.0
Gain on sale of investments, net		1.3	0.0	2.2
Other non-interest income	14.6	14.2	16.0	13.6	15.2	16.0
Total non-interest income	18.9	20.0	20.5	20.8	20.4	21.3	17.7	14.2
Non-interest expenses	15.7	13.5	14.7	43.2	39.4	37.6	33.9	31.4
Pre-tax income	4.6	6.5	5.6	14.9	13.2	12.3	9.1	9.7
Income taxes	3.0	4.5	-0.8	3.4	2.8	2.9	1.8	2.2
Tax rate	63.9%	69.7%		23.1%	21.4%	23.2%	19.4%	22.3%
Net income	9.2	13.3	11.6	10.4	0.0	0.0	0.0	7.5
Net margin	15.7%	21.7%	19.1%	17.8%	0.0%	0.0%	0.0%	18.3%

Basic EPS	$1.95	$2.85	$2.52	$2.25	$2.23	$1.98	$1.92	$2.09
Diluted EPS	$1.95	$2.84	$2.51	$2.24	$2.21	$1.95	$1.88	$2.05

Shares outstanding (basic)	4.7	4.7	4.6	4.6	0.0	0.0	0.0	3.6
Shares outstanding (diluted)	4.7	4.7	4.6	4.6	0.0	0.0	0.0	3.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.