AMES NATIONAL CORP

Listed Company

ATLOCIK 0001132651NasdaqNon-AcceleratedSmaller ReportingNational Commercial BanksX1FY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$19.03M

Total Assets

$2.13B

Equity

$207.89M

Shares Out

8.86M

Op. Cash Flow

$21.34M

+ 13F Filer

ATLO$29.60+62.64% · past yearDBEQ Basic

Daily closing prices

Business

Ames National Corporation is a bank holding company that owns and operates six community banks in central, north-central, and south-central Iowa. The banks provide full-service commercial and retail banking services, including deposit products (checking, savings, time deposits), commercial and agricultural loans, residential mortgages, consumer loans, and wealth management services. The company operates through six wholly-owned banking subsidiaries: First National Bank (Ames, Des Moines metro, and Osceola), State Bank (Nevada), Boone Bank (Boone), Reliance Bank (Story City and Garner), United Bank (Marshalltown), and Iowa State Bank (Creston and Lenox).

Summary from 10-K filed 2026-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	68	66	57	46	48
Taxable	13	12	13	12	9
Tax-exempt	2	2	2	3	3
Other interest and dividend income	4	3	3	901,000	697,000
Total interest and dividend income	87	83	74	62	60
Deposits	29	32	24	7	4
Other borrowed funds	3	6	5	993,000	143,000
Total interest expense	31	38	30	—	—
Net interest income	56	45	45	53	56
Credit loss expense	1	592,000	789,000	−874,000	—
Net interest income after credit loss expense	55	44	44	54	57
Securities (losses), net	0	−165,000	35,000	37,000	24,000
Gain on sale of loans held for sale	544,000	524,000	362,000	606,000	2
Other noninterest income	1	1	1	938,000	899,000
Total noninterest income	11	10	9	10	11
Salaries and employee benefits	26	25	24	23	22
Data processing	6	6	6	6	6
Occupancy expenses, net	3	3	3	3	3
FDIC insurance assessments	1	1	1	608,000	578,000
Professional fees	2	3	2	2	2
Business development	2	1	1	1	1
Intangible asset amortization	301,000	337,000	502,000	574,000	628,000
New Markets Tax Credit projects amortization	766,000	766,000	767,000	755,000	639,000
Other operating expenses, net	1	1	2	1	1
Total noninterest expense	42	42	40	39	37
Income before income taxes	24	12	13	25	31
Income tax (benefit)	5	2	2	6	7
Net income	19	10	11	19	24
Basic EPS (in dollars per share)	2.14	1.14	1.2	2.14	2.62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	20	20	24	21	20
Interest-bearing deposits in financial institutions and federal funds sold	106	82	31	7	70
Total cash and cash equivalents	127	101	55	28	89
Interest-bearing time deposits	6	6	9	15	17
Securities available-for-sale	656	649	—	—	—
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost	3	4	3	5	3
Loans receivable, net	1,280	1,304	—	—	—
Loans held for sale	472,000	342,000	124,000	154,000	0
Bank premises and equipment, net	21	22	23	19	18
Interest Receivable	14	14	13	11	10
Other real estate owned	204,000	0	—	—	—
Bank-owned life insurance	3	3	3	3	3
Deferred income taxes, net	7	14	16	22	2
Other intangible assets, net	791,000	1	1	2	3
Goodwill	12	12	12	12	12
Other Assets	2	3	5	5	5
Total assets	2,134	2,133	2,155	2,135	2,137
Noninterest-bearing checking	354	358	371	392	412
Interest-bearing checking	636	620	612	617	576
Savings and money market	538	540	552	675	675
Time, $250 and over	86	85	68	43	41
Other time	242	243	209	171	175
Total deposits	1,855	1,847	1,812	1,898	1,878
Securities sold under agreements to repurchase	39	52	54	41	40
Other borrowings	21	47	111	39	3
Dividends payable	0	2	2	2	2
Accrued interest payable	3	3	5	666,000	—
Accounts Payable and Accrued Liabilities	8	7	6	5	6
Total liabilities	1,926	1,958	1,990	1,986	1,929
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,857,220 and 8,949,110 shares as of December 31, 2025 and 2024, respectively	18	18	18	18	18
Additional paid-in capital	12	14	14	14	16
Retained earnings	196	182	180	180	170
Accumulated other comprehensive (loss)	−18	−39	−47	−63	3
Total stockholders' equity	208	175	166	149	208
Total liabilities and stockholders' equity	2,134	2,133	2,155	2,135	2,137

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Credit loss expense for loans	996,000	735,000	774,000	−874,000	−757,000
Credit loss expense (benefit) for off-balance sheet credit exposures	41,000	−143,000	15,000	106,000	—
Amortization of securities available-for-sale, loans and deposits, net	−37,000	844,000	2	2	3
Depreciation	1	1	1	1	1
Provision for deferred income taxes	−50,000	−11,000	766,000	1	733,000
Securities losses, net	0	165,000	−35,000	−37,000	−24,000
Increase in cash value of bank-owned life insurance	−89,000	−83,000	−77,000	−69,000	−69,000
Proceeds from the sales of loans held for sale	28	27	19	27	73
Originations of loans held for sale	−28	−27	−18	−26	−70
Gain on other real estate owned, net	−407,000	−11,000	0	0	−203,000
(Increase) in accrued income receivable	−203,000	−911,000	−2	−1	1
(Increase) decrease in other assets	−314,000	1	−365,000	−1	617,000
(Decrease) in accrued interest payable	−646,000	−2	4	313,000	—
Increase in accrued expenses and other liabilities	795,000	1	873,000	−488,000	−2
Net cash provided by operating activities	21	14	19	21	30
Change in interest-bearing time deposits	488,000	3	6	2	2
Purchase of securities available-for-sale	−119	−15	−6	−141	−375
Proceeds from sale of securities available-for-sale	0	2	2	11	622,000
Proceeds from maturities and calls of securities available-for-sale	139	110	74	86	120
Purchase of FHLB stock	−5	−11	−19	−14	−286,000
Proceeds from the redemption of FHLB and FRB stock	6	10	20	13	12,000
Net (increase) decrease in loans	20	−27	−53	−81	−14
Net proceeds from the sale of other real estate owned	3	82,000	0	0	763,000
Purchase of premises and equipment	−642,000	−298,000	−5	−3	−2
Net cash provided by investing activities	44	72	19	−127	−269
Increase in deposits	8	35	−86	20	162
(Decrease) in securities sold under agreements to repurchase	−14	−2	13	825,000	3
Payments on other borrowings	−22	−177	−187	−3	0
Proceeds from other borrowings	3	131	270	4	0
Net (payments on) FHLB short-term borrowings	−6	−18	−11	35	—
Dividends paid	−7	−9	−10	−10	−9
Stock repurchases	−2	−704,000	0	−2	−710,000
Net cash (used in) financing activities	−40	−40	−11	45	154
Net increase in cash and cash equivalents	26	46	27	−61	−84
Interest	32	39	26	9	5
Income taxes	5	626,000	2	5	6
Transfer of loans receivable to other real estate owned	3	71,000	0	0	560,000

Filings

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Holdings (13F)

Portfolio as of 2026-03-31 · 120 positions

Reported AUM

$166.59M

Holdings

120

Top sector

$166.59M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$166.59M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
iShares Core S&P 500 Index	—	44.0K	$28.76M	17.3%
iShares Core S&P 500 Index	—	19.5K	$12.77M	7.7%
Vanguard Short-Term Bond	—	127.4K	$9.99M	6.0%
Vanguard Total Bond Market	—	133.1K	$9.80M	5.9%
iShares Core US Aggregate Bond	—	96.0K	$9.52M	5.7%
Microsoft	—	11.0K	$4.08M	2.5%
Vanguard Total International Stock	—	47.7K	$3.68M	2.2%
Vanguard Short-Term Inflation-Protected Securities	—	72.9K	$3.64M	2.2%
iShares Russell Mid-Cap Index	—	36.8K	$3.58M	2.1%
Goeppinger Enterprises Inc	—	1.2K	$3.42M	2.0%

Frequently asked questions

What is AMES NATIONAL CORP's CIK number?

AMES NATIONAL CORP's SEC CIK number is 0001132651 (1132651). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find AMES NATIONAL CORP's SEC filings?

All of AMES NATIONAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did AMES NATIONAL CORP last report earnings?

AMES NATIONAL CORP (ATLO) most recently filed an earnings 8-K with the SEC on Jul 17, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-023763). This is AMES NATIONAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is AMES NATIONAL CORP's most recent earnings 8-K?

AMES NATIONAL CORP's latest earnings 8-K (Item 2.02) was filed Jul 17, 2026 under accession 0001437749-26-023763. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View AMES NATIONAL CORP's latest earnings 8-K →
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