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Last $9.40 USD
Change Today -0.20 / -2.08%
Volume 1.1K
AMBK On Other Exchanges
Symbol
Exchange
OTC US
As of 3:07 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

american bank inc(pa) (AMBK) Snapshot

Open
$9.40
Previous Close
$9.60
Day High
$9.40
Day Low
$9.40
52 Week High
04/29/15 - $10.50
52 Week Low
09/25/14 - $7.85
Market Cap
56.4M
Average Volume 10 Days
85.9
EPS TTM
--
Shares Outstanding
6.0M
EX-Date
06/12/15
P/E TM
--
Dividend
$0.28
Dividend Yield
2.77%
Current Stock Chart for AMERICAN BANK INC(PA) (AMBK)

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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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Executives, Board Directors

american bank inc(pa) (AMBK) Key Developments

American bank Announces New Appointments

Simon Kempton, who was the German bank's head of International Prime Brokerage, is to become head of EMEA Prime Finance at the American bank. Similarly, Daniel Caplan, who was European head of Global Prime Finance at the German bank, has joined the American bank as EMEA head of Investor Services Sales.

American Bank Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

American Bank Incorporated reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $703,000 or $0.12 per diluted share, a decrease from $1,481,000 or $0.23 per diluted share for the second quarter of 2014. The decrease in net income was attributable to an increase in the provision for loan losses of $347,000 in the second quarter of 2015 and the absence of a onetime net gain on sales of available for sale securities of $618,000 in the second quarter of 2014. For the six months, the company reported net income of $1.7 million, or $0.28 per diluted share, a decrease of $951,000 from the six months ended June 30, 2014. The primary reason for the decrease in net income for the six month period ended June 30, 2015 was an increase in the provision for loan losses of $546,000 and net gains on sales of available for sale securities of $829,000 realized in the first six months of 2014. Net interest income for the quarter ended June 30, 2015 was $3,337,000, an increase of $123,000 from the quarter ended June 30, 2014. Net interest income was $6.8 million, an increase of $382,000 from the six month period ended June 30, 2014.

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.

 

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