American Bank Incorporated reported earnings results for the fourth quarter and year ended December 31, 2007. For the quarter, the company reported net income of $522,000 or $0.09 per diluted share on total interest income of $7,391,000 compared to net income of $674,000 or $0.10 per diluted share on total interest income of $7,160,000 for the same period a year ago. Net interest income was $2,452,000 against $2,326,000 for the prior year ended December 31, 2006. For the year ended December 31, 2007, the company reported net income of $3,920,000 or $0.61 per diluted share on total interest income of $29,151,000 compared to net income of $2,831,000 or $0.43 per diluted share on total interest income of $28,162,000 for the same period a year ago. The increase in net income for the year ended December 31, 2007 is the result of $1.35 million in net after-tax gains on available for sale securities, and an increase of $110,000 in net interest income. Net interest income was $9,870,000, an increase of $110,000 from $9,760,000 for the prior year ended December 31, 2006. The increase in net interest income was a result of the improvement in the Company's net interest margin to 2.04% for the year ended December 31, 2007 from 1.94% for the prior year. These increases were off-set by an increase of $170,000 in provisions for loan losses and an increase of $487,000 in non-interest expense. The increase in non-interest expense results from an increase in salaries and benefits of $253,000, an increase in professional fees of $110,000 and FDIC insurance premiums of $182,000. The Board of Directors of declared a quarterly dividend of $0.05 per share of common stock to shareholders of record on December 4, 2007 and payable on January 2, 2008. The Board of Directors also declared a quarterly dividend of $0.05 per share of Series A preferred stock to shareholders of record on December 4, 2007 and payable on January 2, 2008.