STORM LAKE, Iowa - First Midwest Financial, which owns First Federal Savings Bank of the Midwest, said earnings for the second quarter of its fiscal year ended March 31 were up 28% to $774,000.

Net income for the first six months of the fiscal year was $1.5 million, a 57% increase over net income from operations for the same period the previous year. Prior-year earnings were also enhanced by $257,000 from a change in accounting standards.

The $281 million-asset company's interest income for the quarter was $5.6 million, up from $2.9 million a year earlier.

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