Last $9.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
AMBK On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

american bank inc(pa) (AMBK) Snapshot

Open
$9.25
Previous Close
$9.25
Day High
$9.25
Day Low
$9.25
52 Week High
08/15/14 - $9.35
52 Week Low
11/15/13 - $7.00
Market Cap
55.5M
Average Volume 10 Days
188.0
EPS TTM
--
Shares Outstanding
6.0M
EX-Date
06/12/14
P/E TM
--
Dividend
$0.24
Dividend Yield
2.27%
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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american bank inc(pa) (AMBK) Key Developments

American Bank Incorporated Announces Earnings for the First Quarter Ended March 31, 2014

American Bank Incorporated announced earnings for the first quarter ended March 31, 2014. Net income for the quarter was $1,163,000, or $0.19 per diluted share, an increase of $118,000 from $1,045,000, or $0.17 per diluted share, for the same period in the prior year. The increase in net income for the quarter was the result of an increase in net interest income and non-interest income. Net interest income for the quarter ended March 31, 2014 was $3,182,000, an increase of $31,000 from the quarter ended March 31, 2013. The increase in net interest income results from an increase of 4 basis points in the net interest margin to 2.60% at March 31, 2014, compared to 2.56% at March 31, 2013.

American Bank Incorporated Announces Earnings for the Year Ended December 31, 2013

American Bank Incorporated announced earnings for the year ended December 31, 2013. Net income for the year was $4,260,000, or $0.69 per diluted share, compared to net income of $4,554,000, or $0.73 per diluted share, reported for the year ended December 31, 2012. The decrease in net income for the year ended December 31, 2013 is primarily the result of an increase in current income tax expense. The increase in the income tax expense is the result of recording a reserve in the amount of $258,000 against certain deferred tax assets associated with unrealized capital losses that may be carried forward. Net interest income for the year ended December 31, 2013 was $13.0 million, an increase of $292,000 from $12.7 million for the prior year ended December 31, 2012. The increase in net interest income was a result of an increase in average earning assets of $9.4 million and an increase of 4 basis points in the net interest margin to 2.63% for the year ended December 31, 2013 from 2.59% for the prior year.

American Bank Incorporated Announces Earnings for the Third Quarter and Nine Months Ended September 30, 2013

American Bank Incorporated announced earnings for the third quarter and nine months ended September 30, 2013. Net income for the quarter was $1,104,000, or $0.17 per diluted share, a decrease of $63,000 or $0.01 per diluted share from the third quarter of 2012. Net interest income for the quarter ended September 30, 2013 was $3,479,000, an increase of $241,000 from the quarter ended September 30, 2012. Net income for the nine months ended September 30, 2013 was $3.3 million, or $0.53 per diluted share, a decrease of $83,000 from the nine months ended September 30, 2012. The primary reason for the decrease in net income for the nine-month period ended September 30, 2013 was an increase in tax expense. During the quarter, Management established a reserve against certain deferred tax assets in the amount of $264,000. Net interest income for the nine months ended September 30, 2013 was $9.9 million, compared to $9.6 million for the nine months ended September 30, 2012.

 

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AMBK Competitors

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Company Last Change
Colonial Financial Services Inc $12.53 USD 0.00
FedFirst Financial Corp $21.90 USD +0.04
First Community Financial Corp/PA $40.00 USD 0.00
Greater Hudson Bank NA $4.25 USD 0.00
Severn Bancorp Inc $4.56 USD -0.12
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Industry Analysis

AMBK

Industry Average

Valuation AMBK Industry Range
Price/Earnings 13.9x
Price/Sales 3.9x
Price/Book 1.7x
Price/Cash Flow 11.6x
TEV/Sales -- Not Meaningful
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