North Central Bancshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended Sep. 30, 2009. For the quarter, the company reported net income of $1.00 million, or $0.65 per diluted share, compared to a net loss of $2.75million, or $2.05 per diluted share, for the quarter ended September 30, 2008. Net interest income was $3.75 million, compared to net interest income of $3.29 million for the quarter ended September 30, 2008. The increase in net interest income was primarily due to an increase in net interest spread (the difference in the average yield on assets and average cost of liabilities). Income before taxes was $1.5 million as compared to loss before taxes of $2.26 million for the same period prior year. Interest income was $6.1 million as compared to $6.9 million for the same period prior year. Return on average assets was 0.88% as compared to negative return on average assets of 2.25% for the same period prior year. Return on average equity was 8.12% as compared to negative return on average equity of 27.22% for the same period prior year. Net income increased by $5.58 million to $2.68 million, or $1.71 per diluted share, for the nine months ended September 30, 2009, compared to a net loss of $2.90 million, or $2.17 per diluted share, for the nine months ended September 30, 2008. The increase in earnings for the third quarter 2009 and nine month period year to date compared to the same periods in 2008 was primarily due to a decrease in other-than-temporary impairment on the investment portfolio and an increase in net interest income, offset in part by increases in provision for loan losses and FDIC insurance expense. Interest income was $18.9 million, net interest income was $10.7 million as compared to $6.9 million, net interest income of $21.6 million for the same period prior year. Income before taxes was $4 million as compared to loss before taxes of $1.75 million for the same period prior year. Book value per common share was $28.15 at September 30, 2009, compared to $26.21 at December 31, 2008. Return on average assets was 0.77% as compared to negative return on average assets of 0.77% for the same period prior year. Return on average equity was 7.68% as compared to negative return on average equity of 9.43% for the same period prior year.

North Central Bancshares Inc. announced that the company's board of directors declared a cash dividend of $0.01 per share on its common stock to be paid on October 9, 2009 to shareholders of record as of September 18, 2009.

North Central Bancshares Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. The company announced net income available to common shareholders of $762,000, or $0.57 per basic and diluted share, for the quarter ended June 30, 2009, compared to a net loss available to common shareholders of $957,000, or $0.71 per basic and diluted share for the quarter ended June 30, 2008. Net interest income for the quarter ended June 30, 2009 was $3.61 million, compared to $3.26 million for the quarter ended June 30, 2008. The increase in net interest income was primarily due to an increase in net interest spread. The net interest spread (the difference in the average yield on assets and average cost of liabilities) increased to 3.07% for the quarter ended June 30, 2009 from 2.59% for the quarter ended June 30, 2008. Return on average assets was 0.77% against return on average assets negative at 0.76% for the same period in the last year. Return on average equity was 7.64% against return on average equity negative at 9.22% for the same period in the last year. Interest income was $6.3 million against $7.2 million for the same period in the last year. Net interest income after provision for loan loss was $3.0 million against $3.1 million for the same period in the last year. Income before income taxes was $1.4 million against loss before income taxes of $591,000 for the same period in the last year. Net income available to common shareholders was $1.4 million or $1.06 per basic and diluted share for the six months ended June 30, 2009, compared to a net loss available to common shareholders of $153,000, or $0.11 per basic and diluted share for the six months ended June 30, 2008. The increase in earnings, for the current quarter and current period year to date, was primarily due to a decrease in other-than-temporary impairment on the investment portfolio and an increase in net interest income, offset in part by increases in provision for loan losses and FDIC insurance expense. Return on average assets was 0.71% against return on average assets negative at 0.06% for the same period in the last year. Return on average assets was 0.71% against return on average assets negative at 0.06% for the same period in the last year. Return on average equity was 7.30% against return on average equity negative at 0.74% for the same period in the last year. Book value per common share was $27.35 against $26.21 for the same period in the last year. Interest income was $12.8 million against $14.4 million for the same period in the last year. Net interest income after provision for loan loss was $6.2 million against $6.2 million for the same period in the last year. Income before income taxes was $2.5 million against $504,000 for the same period in the last year. Net interest income was $7.0 million, compared to $6.4 million for the same period in the last year.