• American Bank posted first-quarter net income of $3.9 million, up 64.2%, with diluted EPS of $0.59.
• Net interest income rose 17.1% to $7.8 million, lifting net interest margin by 19 basis points to 2.99%.
• Non-interest income jumped 91.3% to $1.4 million, driven by gains on sales of equity securities and higher income from commercial loan interest rate swaps.
• Total assets climbed 7.7% to $1.1 billion, while deposits increased 11.2% and borrowings declined 28.8%.
• CEO Mark Jaindl cited continued growth and improving asset quality, with non-accruing loans at 0.04% of total loans and the lone $315,000 non-accruing residential relationship expected to be paid off in the second quarter.

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 April 08, 2026, and is solely responsible for the information contained therein.