American Bank Incorporated reported earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net income was $1,222,000 or $0.19 per diluted share, an increase of $87,000 from $1,135,000 or $0.18 per diluted share for the third quarter of 2014. The increase in net income for the quarter ended September 30, 2015 was primarily attributable to a decrease in the provision for loan losses. Net interest income for the quarter ended September 30, 2015 was $3,518,000, an increase of $214,000 from the quarter ended September 30, 2014. The net interest margin increased six basis points to 2.76% from 2.70%.

Net income for the nine months ended September 30, 2015 was $2.9 million, or $0.51 per diluted share, a decrease of $863,000 from the nine months ended September 30, 2014. Net interest income for the nine months ended September 30, 2015 was $10.3 million, an increase of $603,000 from the nine month period ended September 30, 2014.