American Bank Incorporated reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income for the quarter was $1,135,000 or $0.18 per diluted share, an increase of $31,000 or $0.01 per diluted share from the third quarter of 2013. Net interest income was $3,304,000 a decrease of $175,000 from the quarter ended September 30, 2013.

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.