ATLO on Nasdaq
AMES NATIONAL CORP
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fiduciary and Trust brought in 68% of the revenue AMES NATIONAL CORP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Fiduciary and Trust | $5.3M | $6.3M |
| Financial Service | $1.4M | $1.5M |
| Credit and Debit Card | $1.6M | $1.4M |
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $68.3M | $65.8M |
| Taxable | $13.0M | $12.0M |
| Tax-exempt | $1.7M | $2.0M |
| Other interest and dividend income | $4.1M | $2.8M |
| Total interest and dividend income | $87.1M | $82.6M |
| Deposits | $28.9M | $32.0M |
| Other borrowed funds | $2.6M | $5.6M |
| Total interest expense | $31.4M | $37.6M |
| Net interest income | $55.7M | $45.0M |
| Credit loss expense | $1.0M | $592.0K |
| Net interest income after credit loss expense | $54.6M | $44.4M |
| Securities (losses), net | $0 | -$165.0K |
| Gain on sale of loans held for sale | $544.0K | $524.0K |
| Other noninterest income | $1.4M | $1.1M |
| Total noninterest income | $11.2M | $9.8M |
| Salaries and employee benefits | $26.2M | $25.1M |
| Data processing | $5.8M | $6.2M |
| Occupancy expenses, net | $3.0M | $3.0M |
| FDIC insurance assessments | $1.0M | $1.2M |
| Professional fees | $2.1M | $2.6M |
| Business development | $1.5M | $1.4M |
| Intangible asset amortization | $301.0K | $337.0K |
| New Markets Tax Credit projects amortization | $766.0K | $766.0K |
| Other operating expenses, net | $1.3M | $1.4M |
| Total noninterest expense | $41.9M | $42.0M |
| Income before income taxes | $23.9M | $12.2M |
| Income tax (benefit) | $4.8M | $2.0M |
| Net income | $19.0M | $10.2M |
| Basic EPS (in dollars per share) | $2.14 | $1.14 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $20.5M | $19.5M | |
| Interest-bearing deposits in financial institutions and federal funds sold | $106.3M | $81.7M | |
| Total cash and cash equivalents | $126.8M | $101.2M | |
| Interest-bearing time deposits | $5.7M | $6.2M | |
| Securities available-for-sale | $656.0M | $648.5M | |
| Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | $2.8M | $3.9M | |
| Loans receivable, net | $1.3B | $1.3B | |
| Loans held for sale | $472.0K | $342.0K | |
| Bank premises and equipment, net | $20.9M | $21.6M | |
| Interest Receivable | $14.1M | $13.9M | |
| Other real estate owned | $204.0K | $0 | |
| Bank-owned life insurance | $3.3M | $3.2M | |
| Deferred income taxes, net | $7.5M | $14.1M | |
| Other intangible assets, net | $791.0K | $1.1M | $1.4M |
| Goodwill | $12.4M | $12.4M | |
| Other Assets | $2.5M | $2.9M | |
| Total assets | $2.1B | $2.1B | |
| Noninterest-bearing checking | $353.8M | $358.4M | |
| Interest-bearing checking | $635.9M | $620.0M | |
| Savings and money market | $537.7M | $540.5M | |
| Time, $250 and over | $85.8M | $85.0M | |
| Other time | $241.5M | $242.9M | |
| Total deposits | $1.9B | $1.8B | |
| Securities sold under agreements to repurchase | $38.8M | $52.4M | |
| Other borrowings | $21.4M | $47.0M | |
| Dividends payable | $0 | $1.8M | |
| Accrued interest payable | $2.6M | $3.2M | |
| Accounts Payable and Accrued Liabilities | $8.3M | $7.4M | |
| Total liabilities | $1.9B | $2.0B | |
| 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 | $17.7M | $17.9M | |
| Additional paid-in capital | $12.1M | $13.6M | |
| Retained earnings | $196.0M | $182.2M | |
| Accumulated other comprehensive (loss) | -$17.9M | -$39.1M | |
| Total stockholders' equity | $207.9M | $174.7M | $165.8M |
| Total liabilities and stockholders' equity | $2.1B | $2.1B | |
| Common stock, par value (in dollars per share) | $2.00 | $2.00 | |
| Common stock, authorized (in shares) | 18.0M shares | 18.0M shares | |
| Common stock, issued (in shares) | 8.9M shares | 8.9M shares | |
| Common stock, outstanding (in shares) | 8.9M shares | 8.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $19.0M | $10.2M |
| Credit loss expense for loans | $996.0K | $735.0K |
| Credit loss expense (benefit) for off-balance sheet credit exposures | $41.0K | -$143.0K |
| Amortization of securities available-for-sale, loans and deposits, net | -$37.0K | $844.0K |
| Amortization of intangible assets | $301.0K | $337.0K |
| Depreciation | $1.3M | $1.4M |
| Provision for deferred income taxes | -$50.0K | -$11.0K |
| Securities losses, net | $0 | $165.0K |
| Increase in cash value of bank-owned life insurance | -$89.0K | -$83.0K |
| Gain on sales of loans held for sale | -$544.0K | -$524.0K |
| Proceeds from the sales of loans held for sale | $28.0M | $27.1M |
| Originations of loans held for sale | -$27.6M | -$26.8M |
| Amortization of investment in New Markets Tax Credit projects | $766.0K | $766.0K |
| Gain on other real estate owned, net | -$407.0K | -$11.0K |
| (Increase) in accrued income receivable | -$203.0K | -$911.0K |
| (Increase) decrease in other assets | -$314.0K | $1.3M |
| (Decrease) in accrued interest payable | -$646.0K | -$1.5M |
| Increase in accrued expenses and other liabilities | $795.0K | $1.4M |
| Net cash provided by operating activities | $21.3M | $14.3M |
| Change in interest-bearing time deposits | $488.0K | $2.7M |
| Purchase of securities available-for-sale | -$119.1M | -$15.3M |
| Proceeds from sale of securities available-for-sale | $0 | $2.0M |
| Proceeds from maturities and calls of securities available-for-sale | $139.4M | $110.3M |
| Purchase of FHLB stock | -$4.6M | -$11.1M |
| Proceeds from the redemption of FHLB and FRB stock | $5.7M | $10.3M |
| Net (increase) decrease in loans | $19.9M | -$26.8M |
| Net proceeds from the sale of other real estate owned | $3.1M | $82.0K |
| Purchase of premises and equipment | -$642.0K | -$298.0K |
| Net cash provided by investing activities | $44.2M | $72.0M |
| Increase in deposits | $8.0M | $34.9M |
| (Decrease) in securities sold under agreements to repurchase | -$13.6M | -$1.6M |
| Payments on other borrowings | -$22.4M | -$177.1M |
| Proceeds from other borrowings | $2.8M | $131.5M |
| Net (payments on) FHLB short-term borrowings | -$6.0M | -$18.0M |
| Dividends paid | -$7.1M | -$9.1M |
| Stock repurchases | -$1.7M | -$704.0K |
| Net cash (used in) financing activities | -$40.0M | -$40.2M |
| Net increase in cash and cash equivalents | $25.5M | $46.1M |
| Interest | $32.1M | $39.1M |
| Income taxes | $4.5M | $626.0K |
| Transfer of loans receivable to other real estate owned | $2.9M | $71.0K |
Recent filings
- Sep 10, 20264 PRIMARY DOCUMENT
- Sep 1, 20264 PRIMARY DOCUMENT
- Aug 21, 20264 PRIMARY DOCUMENT
- Aug 17, 20264 PRIMARY DOCUMENT
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 2026N-PX
- Aug 13, 20268-K
- Aug 13, 202613F-HR
- Aug 7, 202610-Q
- Aug 3, 20264 PRIMARY DOCUMENT
- Jul 17, 20268-K
- Jun 24, 202611-K
- May 29, 20264 PRIMARY DOCUMENT
- May 15, 20264 PRIMARY DOCUMENT
- May 15, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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