DES MOINES - million, a 15% decrease from the same period a year earlier. The $1.6 billion-asset company earned 31 cents per share. The earnings decline was mainly due to a $414,870 reduction in net interest income, the company said. A narrowed net interest margin and the company's need to generate more interest-rate-sensitive assets has led the company to limit the growth of fixed-rate consumer and real estate loans by focusing on variable-rate products, management said.

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