American Bank Incorporated Announces Earnings for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported net income of $2.6 million, or $0.42 per diluted share, an increase of $426,000 from the six months ended June 30, 2013. The primary reason for the increase in net income was gains on sale of available for sale securities of $829,000. Net interest income was $6.4 million, the same as the $6.4 million for the six months ended June 30, 2013.