Ames National Corporation
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Nelson
- Full Time Employees
- 258
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 405 5th Street Ames IA United States of America 50010
- IPO Date
- Feb 15, 2000
- CIK
- 0001132651
- Website
- amesnational.com
- Similar Companies
- Business
- Ames National Corporation (Nasdaq: ATLO) operates as a multi-bank holding company providing a comprehensive range of banking products and services primarily in central, north-central, and south-central Iowa, including Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union counties; its core offerings encompass various deposit products such as checking accounts, savings accounts, money market accounts, and certificates of time deposits; short-term and medium-term commercial loans, agricultural real estate loans, multi-family real estate loans, residential real estate loans, equipment loans, vehicle loans, home improvement loans, consumer loans for automobiles, trucks, recreational vehicles, household furnishings, boats, personal loans and lines of credit, agricultural and business operating loans and lines of credit, and mortgage loans originated for sale into the secondary market; cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit and automated teller machine access, automatic drafts for various accounts, farm management services, investment and custodial services for individuals, businesses and non-profit organizations, wealth management services, and online, mobile and private banking services including online bill pay, mobile wallet, online statements and debit cards; the Company owns 100% of six wholly-owned banking subsidiaries comprising First National Bank in Ames with offices in Ames, Ankeny, West Des Moines and Osceola; Boone Bank & Trust Co. in Boone; Iowa State Savings Bank in Creston and Lenox; State Bank & Trust Co. in Nevada; Reliance State Bank in Story City and Garner; and United Bank & Trust Co. in Marshalltown, operating 18 banking offices across 11 communities with total assets exceeding $2.1 billion as of December 31, 2023. Founded in 1975 and headquartered at 323 Sixth Street in Ames, Iowa, with banking roots tracing to 1903 through its affiliate institutions, Ames National Corporation focuses on community banking for businesses, agricultural operations, and residents. In recent developments, the Company reported improved net interest income and earnings in the second quarter of 2025, driven by higher loan yields, growth in interest-bearing cash deposits and reduced borrowings, alongside ongoing share repurchase programs including a 2025 authorization for 200,000 shares representing 2.25% of issued capital and quarterly cash dividends such as the November 2025 declaration payable December 15; it maintains steady operational expansion through its affiliate network without major acquisitions or strategic shifts in the past 1-2 years.
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