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North Central Bancshares reports increase in first-quarter income

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Fort Dodge-based North Central Bancshares Inc., holding company for First Federal Savings Bank of Iowa, announced that its net income for the first quarter was $690,000, compared with $629,000 for the same quarter a year ago.

The company said the increase was primarily due to a decrease in its provision for loan losses, offset by a decrease in net interest income and an increase in noninterest expenses.