American Bank Incorporated announced earnings for the year ended December 31, 2013. Net income for the year was $4,260,000, or $0.69 per diluted share, compared to net income of $4,554,000, or $0.73 per diluted share, reported for the year ended December 31, 2012. The decrease in net income for the year ended December 31, 2013 is primarily the result of an increase in current income tax expense.

The increase in the income tax expense is the result of recording a reserve in the amount of $258,000 against certain deferred tax assets associated with unrealized capital losses that may be carried forward. Net interest income for the year ended December 31, 2013 was $13.0 million, an increase of $292,000 from $12.7 million for the prior year ended December 31, 2012. The increase in net interest income was a result of an increase in average earning assets of $9.4 million and an increase of 4 basis points in the net interest margin to 2.63% for the year ended December 31, 2013 from 2.59% for the prior year.