American Bank Inc. reported net income of $3.30 million for the third quarter ended September 30, 2025, an increase of 104.6% from $1.61 million in the same period in 2024. Net interest income and non-interest income both contributed to the increase, along with a release of the allowance for credit losses. The release was linked to a decline in non-performing loans, which fell to 0.00% of total loans at September 30, 2025, compared to 0.40% at September 30, 2024. Non-interest income rose to $1.27 million for the quarter, up 160.8% from $487,000 in the previous year, primarily due to gains on other real estate owned and higher income from commercial loan interest rate swaps. Non-interest expense increased by 27.8% to $4.5 million, mainly due to higher salaries, employee benefits, professional services, and real estate related costs. The operating expense to average asset ratio increased to 1.72% from 1.52% in the prior year's quarter. Income tax expense for the first nine months of 2025 increased by 73.6% to $2.6 million, with an effective tax rate of 20.1%, up from 19.7% in the same period of 2024. The company reported being "well capitalized" under regulatory capital standards.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Bank Inc. published the original content used to generate this news brief on October 10, 2025, and is solely responsible for the information contained therein.
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