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Last $9.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

american bank inc(pa) (AMBK) Snapshot

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04/29/15 - $10.50
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09/25/14 - $7.85
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american bank inc(pa) (AMBK) Details

American Bank Incorporated, through its subsidiary American Bank, operates as a state-chartered community bank that provides personal and business banking services for residents and communities in Pennsylvania. The company offers personal banking services, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposits; and personal loans, such as mortgages, home equity loans and lines, and auto loans. It also provides business banking services, such as checking, savings, and money market accounts, as well as certificates of deposit; and business loans, including term loans, real estate mortgage, lines of credit, and SBA loans. In addition, it offers credit cards, overdraft protection, direct deposit, wire transfer, merchant, payroll processing, discount brokerage, and online and mobile banking services. American Bank Incorporated was founded in 1997 and is headquartered in Allentown, Pennsylvania.

american bank inc(pa) (AMBK) Top Compensated Officers

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american bank inc(pa) (AMBK) Key Developments

American Bank Incorporated Announces Earnings Results for the First Quarter Ended March 31, 2015

American Bank Incorporated announced earnings results for the first quarter ended March 31, 2015. For the quarter, net income was $989,000 or $0.15 per diluted share, a decrease of $174,000 from $1,163,000, or $0.19 per diluted share, for the same period in the prior year. The decrease in net income for the quarter was the result of an increase in net interest income offset by increases in the provision for loan losses, noninterest expense and a decrease in noninterest income. Net interest income was $3,441,000, an increase of $259,000 from the quarter ended March 31, 2014. The increase in net interest income results from an increase of 17 basis points in the net interest margin to 2.77% at March 31, 2015, compared to 2.60% at March 31, 2014.

American Bank Promotes Gloria Stenz to Vice President and COO

American Bank promoted Gloria Stenz to vice president and COO Stenz has been with the NEB Corp. unit for nearly 40 years.

American Bank Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

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.


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