American Bank Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
For nine months, the company reported net income of $3.8 million or $0.60 per diluted share, an increase of $457,000 a year ago. The primary reason for the increase in net income for the nine-month period ended September 30, 2014 were gains on the sale of available for sale securities. Net interest income was $9.7 million compared to $9.9 million a year ago.