American Bank Incorporated announced earnings results for the first quarter ended March 31, 2015. For the quarter, net income was $989,000 or $0.15 per diluted share, a decrease of $174,000 from $1,163,000, or $0.19 per diluted share, for the same period in the prior year. The decrease in net income for the quarter was the result of an increase in net interest income offset by increases in the provision for loan losses, noninterest expense and a decrease in noninterest income.

Net interest income was $3,441,000, an increase of $259,000 from the quarter ended March 31, 2014. The increase in net interest income results from an increase of 17 basis points in the net interest margin to 2.77% at March 31, 2015, compared to 2.60% at March 31, 2014.