Earnings fall for Fort Dodge bank
North Central Bancshares Inc., which operates First Federal Savings Bank of Iowa, announced Friday that first-quarter earnings decreased from last year.
The company announced that its net income was $127,000, down from $690,000 for last year.
“The decrease in earnings was primarily due to an increase in noninterest expense and provision for income taxes, offset in part by an increase in net interest income and a decrease in provision for loan losses,” the company said in a release. Net income was also affected by a possible merger with Great Western Bancorporation Inc.