Ames National Corporation Financial Ratios — ATLO Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	13.93	13.04	11.92	12.18	11.28	11.17	9.28	11.09	10.71	11.05	13.1	9.98	5.46	5.13	9.2
Return on Assets (%)	1.39	1.26	1.14	1.2	1.14	1.17	1	1.2	1.08	1.02	1.16	0.9	0.5	0.48	0.89
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	1.96	2.48	2.61	2.72	3.32	3.29	3.12	3.13	3.42	3.47	3.05	3.17	3.25	3.09	2.38
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	48.79	47.62	45.31	46.97	44.08	46.96	44.15	42.82	39.05	35.49	46.1	39.98	23.94	22.33	35.71
Profit Margin (%)	36.77	35.67	33.97	34.33	31.79	32.78	28.41	34.01	31.91	28.79	35.94	30.66	20.09	18.64	28.47
Net Income to Common Margin (%)	36.77	35.67	33.97	34.33	31.79	32.78	28.41	34.01	31.91	28.79	35.94	30.66	20.09	18.64	28.47
Effective Tax Rate (%)	24.63	25.08	25.03	26.91	27.89	30.19	35.64	20.57	18.29	18.86	22.04	23.32	16.08	16.53	20.28
Dvd Payout Ratio (%)	33.79	38.08	42.04	42.74	48.37	49.11	59.14	63.48	51.09	48.13	39.26	50.15	89.78	88.88	37.38
Sustainable Growth Rate (%)	9.23	8.08	6.91	6.98	5.82	5.68	3.79	4.05	5.24	5.73	7.96	4.98	0.56	0.57	5.76

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	35	35	35	37	32	28	26	15	5	3	3	39	111	47	21
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	35	35	35	37	32	28	26	15	5	3	3	39	111	47	21
Total Debt/EBITDA	47.43	35.15	32.24	30.97	20.11	17.43	17.63	9.33	2.71	1.32	1.48	19.58	63.12	27.75	13.43
Net Debt/EBITDA	-28.84	-45.54	-12.47	-14.66	-12.4	-21.37	-28.55	-26.74	-75.1	-82.98	-50.84	-1.72	26.59	-35.72	-69.86
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.08	9.28	9.81	9.94	10.32	10.6	10.93	10.75	9.48	8.93	8.82	9.27	9.21	9.38	10.02
Long-Term Debt/Equity (%)	26.14	23.91	24.31	24.22	19.56	16.66	15.52	8.45	2.67	1.43	1.44	26.24	66.7	26.87	10.27
Long-Term Debt/Capital (%)	25.2	23.44	22.2	22.46	18.73	15.96	14.99	8.53	2.95	1.67	1.57	16.5	35.79	19	9.08
Long-Term Debt/Total Assets (%)	3.4	2.84	2.8	2.88	2.38	2.01	1.93	1	0.29	0.15	0.14	1.83	5.13	2.2	1
Total Debt/Equity (%)	26.14	23.91	24.31	24.22	19.56	16.66	15.52	8.45	2.67	1.43	1.44	26.24	66.7	26.87	10.27
Total Debt/Capital (%)	25.2	23.44	22.2	22.46	18.73	15.96	14.99	8.53	2.95	1.67	1.57	16.5	35.79	19	9.08
Total Debt/Total Assets (%)	3.4	2.84	2.8	2.88	2.38	2.01	1.93	1	0.29	0.15	0.14	1.83	5.13	2.2	1
Net Debt to Equity	-15.9	-30.98	-9.4	-11.46	-12.07	-20.42	-25.14	-24.2	-73.87	-89.99	-49.6	-2.3	28.1	-34.6	-53.43
Net Debt/Capital (%)	-25.76	-65.75	-12.41	-15.89	-16.57	-30.35	-39.97	-36.5	-530.77	1,563.08	-120.51	-1.77	19.01	-43.27	-108.23
EBITDA	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2
EBITDA-CapEx	- -	- -	1	- -	-1	1	1	1	1	1	- -	-1	-3	1	1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.08	9.28	9.81	9.94	10.32	10.6	10.93	10.75	9.48	8.93	8.82	9.27	9.21	9.38	10.02
Long-Term Debt/Equity (%)	26.14	23.91	24.31	24.22	19.56	16.66	15.52	8.45	2.67	1.43	1.44	26.24	66.7	26.87	10.27
Long-Term Debt/Capital (%)	25.2	23.44	22.2	22.46	18.73	15.96	14.99	8.53	2.95	1.67	1.57	16.5	35.79	19	9.08
Long-Term Debt/Total Assets (%)	3.4	2.84	2.8	2.88	2.38	2.01	1.93	1	0.29	0.15	0.14	1.83	5.13	2.2	1
Total Debt/Equity (%)	26.14	23.91	24.31	24.22	19.56	16.66	15.52	8.45	2.67	1.43	1.44	26.24	66.7	26.87	10.27
Total Debt/Capital (%)	25.2	23.44	22.2	22.46	18.73	15.96	14.99	8.53	2.95	1.67	1.57	16.5	35.79	19	9.08
Total Debt/Total Assets (%)	3.4	2.84	2.8	2.88	2.38	2.01	1.93	1	0.29	0.15	0.14	1.83	5.13	2.2	1
CFO/Total Liabilities	2.36	2.05	2.16	1.7	1.94	1.78	1.56	1.61	1.3	1.68	1.58	1.07	0.97	0.73	1.11
CFO/CapEx	38.39	25.5	52.77	12.27	10.3	31.49	30.09	32.79	25.86	23.79	16.26	7.43	3.92	47.98	33.24
Altman's Z-Score	0.27	0.26	0.26	0.28	0.28	0.32	0.3	0.28	0.25	0.22	0.21	0.21	0.2	0.19	0.22

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.71	5.83	5.62	5.96	6.28	6.26	5.97	5.62	5.08	5.71	6.26	5.88	4.44	4.09	4.79
Days Sales Outstanding	31.18	62.62	64.92	61.24	58.1	58.31	61.15	64.93	71.82	63.93	58.33	62.06	82.12	89.29	76.27
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	183	204	208	241	227	307	260	236	259	220	224	213	192	147	204
- Cash & Cash Equivalents	57	79	48	55	51	61	69	56	144	192	106	43	64	107	132
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	35	35	35	37	32	28	26	15	5	3	3	39	111	47	21
Enterprise Value	-347	-429	-385	-319	-331	-243	-279	-264	-359	-566	-711	-577	-497	-269	-267
Total Capital	140	148	156	167	168	172	177	171	170	179	192	237	309	247	235
Total Debt/Capital (%)	25.2	23.44	22.2	22.46	18.73	15.96	14.99	8.53	2.95	1.67	1.57	16.5	35.79	19	9.08
Total Debt / EV	-0.1	-0.08	-0.09	-0.12	-0.1	-0.11	-0.1	-0.06	-0.01	-0.01	- -	-0.07	-0.22	-0.17	-0.08
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	183	204	208	241	227	307	260	236	259	220	224	213	192	147	204
Diluted Enterprise Value	162	160	195	223	207	274	217	194	121	31	120	209	239	87	93
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	38	40	41	44	47	48	48	50	54	65	67	63	54	55	67
TTM EBITDA	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	21	22	24	20	23	21	19	21	20	30	30	21	19	14	21
TTM Free Cash Flow to Firm	22	23	24	21	25	22	19	21	21	31	32	24	24	15	22

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	8.4	8.93	8.69	11.43	9.13	13.9	13.33	11.08	12.38	7.1	6.91	8.84	7.98	10.09	9.29
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-347	-429	-385	-319	-331	-243	-279	-264	-359	-566	-711	-577	-497	-269	-267
Low Price	14.15	18.3	18.5	20.24	22.01	22.54	26.6	24.51	24.47	16.53	22.05	20.16	15.01	15.69	16.04
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	13.18	14.41	14.93	15.82	15.09	19.53	18.95	13.89	15.09	11.66	9.35	11.03	17.78	14.41	10.73
Price/Earnings Average	11.97	13.89	14.4	13.98	15.24	15.73	20.55	15.62	14.57	10.3	9.29	10.81	16.42	16.69	8.9
Price/Earnings High	14.81	15.79	15.96	16.38	16.42	20.89	25.48	17.57	15.84	13.62	10.65	11.94	20.83	19.66	11.38
Price/Earnings Low	9.56	12.04	12.33	12.34	13.67	13.34	18.1	13.39	13.16	8.02	8.42	9.42	12.51	13.76	7.5
Price/Book Value	1.76	1.81	1.72	1.87	1.65	2.12	1.73	1.51	1.58	1.25	1.19	1.08	0.97	0.74	0.96
Price/Book Value Average	1.6	1.74	1.66	1.65	1.67	1.71	1.87	1.7	1.52	1.1	1.18	1.05	0.9	0.85	0.79
Price/Book Value High	1.97	1.98	1.84	1.93	1.8	2.27	2.32	1.91	1.65	1.45	1.35	1.16	1.14	1	1.01
Price/Book Value Low	1.27	1.51	1.42	1.46	1.5	1.45	1.65	1.46	1.37	0.86	1.07	0.92	0.68	0.7	0.67
Price/Tangible Book Value	1.36	1.48	1.54	1.65	1.48	1.96	1.59	1.47	1.51	1.13	1.16	1.58	1.27	0.91	1.05
Price/Tangible Book Value Average	1.24	1.43	1.48	1.46	1.49	1.58	1.73	1.66	1.46	1	1.15	1.55	1.17	1.06	0.87
Price/Tangible Book Value High	1.53	1.62	1.64	1.71	1.61	2.09	2.14	1.86	1.59	1.32	1.32	1.71	1.48	1.25	1.11
Price/Tangible Book Value Low	0.99	1.24	1.27	1.29	1.34	1.34	1.52	1.42	1.32	0.78	1.04	1.35	0.89	0.87	0.73
Price/Sales	4.85	5.14	5.07	5.43	4.8	6.4	5.38	4.72	4.81	3.36	3.36	3.38	3.57	2.69	3.05
Price/Sales Average	4.4	4.96	4.89	4.8	4.84	5.16	5.84	5.31	4.65	2.97	3.34	3.31	3.3	3.11	2.53
Price/Sales High	5.45	5.63	5.42	5.62	5.22	6.85	7.24	5.98	5.05	3.92	3.83	3.66	4.19	3.66	3.24
Price/Sales Low	3.52	4.29	4.19	4.24	4.35	4.37	5.14	4.56	4.2	2.31	3.02	2.89	2.51	2.57	2.13
Price/Cash Flow	8.62	9.28	8.85	12.37	10.01	14.35	13.77	11.41	12.85	7.4	7.34	10.03	10.02	10.3	9.57
Price/Cash Flow Average	7.83	8.95	8.54	10.93	10.11	11.56	14.94	12.83	12.41	6.53	7.29	9.83	9.25	11.93	7.93
Price/Cash Flow High	9.69	10.17	9.47	12.81	10.9	15.35	18.52	14.44	13.5	8.64	8.36	10.85	11.73	14.05	10.15
Price/Cash Flow Low	6.26	7.76	7.32	9.65	9.07	9.8	13.15	11.01	11.21	5.09	6.6	8.56	7.04	9.84	6.68
Price/Free Cash Flow Average	7.63	8.61	8.38	10.1	9.22	11.2	14.46	12.45	11.95	6.27	6.87	8.66	7.37	11.68	7.7
Price/Free Cash Flow High	9.45	9.79	9.29	11.84	9.93	14.87	17.92	14.01	12.99	8.29	7.87	9.56	9.35	13.76	9.85
Price/Free Cash Flow Low	6.1	7.46	7.18	8.92	8.27	9.5	12.73	10.68	10.79	4.89	6.22	7.54	5.61	9.63	6.49
EV/Sales Average	3.84	3.83	4.57	4.4	4.43	4.46	4.95	4.48	2.08	0.09	1.79	3.26	4.16	2.01	0.87
EV/Sales High	4.88	4.51	5.1	5.23	4.81	6.14	6.35	5.14	2.48	1.04	2.28	3.61	5.05	2.56	1.58
EV/Sales Low	2.95	3.17	3.86	3.84	3.93	3.67	4.25	3.72	1.63	- -	1.48	2.83	3.38	1.46	0.47
EV/EBITDA Average	195.76	154.57	175.08	161.53	133.43	135.57	158.74	143.1	60.67	2.46	58.75	102.69	127.95	65.06	36.59
EV/EBITDA High	249.15	181.9	195.39	191.9	144.73	186.98	203.6	164.31	72.5	30	74.79	113.57	155.22	82.99	66.36
EV/EBITDA Low	150.61	127.89	148.16	140.93	118.45	111.67	136.34	118.91	47.5	-16.4	48.45	89.25	103.82	47.39	19.83
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	19.5	21.9	22.39	25.94	24.29	33	27.85	25.42	28.06	24.02	24.49	23.61	21.34	16.43	22.96
High Price	21.92	24	23.94	26.87	26.43	35.3	37.45	32.15	29.46	28.05	27.9	25.55	25	22.41	24.36
Enterprise Value Average	145	152	188	195	209	214	239	224	112	6	119	205	224	110	58
Enterprise Value High	185	179	209	232	227	295	306	257	134	68	152	227	272	140	106
Enterprise Value Low	112	126	159	170	186	176	205	186	88	-37	98	178	182	80	32

Shares Outstanding	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Diluted Weighted Avg Shares	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Basic Weighted Avg Shares	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Revenue per Share	4.02	4.26	4.42	4.78	5.06	5.16	5.17	5.38	5.83	7.15	7.29	6.98	5.97	6.12	7.52
EBITDA per Share	0.08	0.11	0.12	0.13	0.17	0.17	0.16	0.17	0.2	0.25	0.22	0.22	0.19	0.19	0.18
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.48	1.52	1.5	1.64	1.61	1.69	1.47	1.83	1.86	2.06	2.62	2.14	1.2	1.14	2.14
Basic EPS from Cont Ops	1.48	1.52	1.5	1.64	1.61	1.69	1.47	1.83	1.86	2.06	2.62	2.14	1.2	1.14	2.14
Diluted EPS, GAAP	1.48	1.52	1.5	1.64	1.61	1.69	1.47	1.83	1.86	2.06	2.62	2.14	1.2	1.14	2.14
Diluted EPS from Cont Ops	1.48	1.52	1.5	1.64	1.61	1.69	1.47	1.83	1.86	2.06	2.62	2.14	1.2	1.14	2.14
Dividend per Share	0.5	0.58	0.63	0.7	0.78	0.83	0.87	1.16	0.95	0.99	1.03	1.07	1.08	1.01	0.8
Cash Flow per Share	2.26	2.36	2.53	2.1	2.43	2.3	2.02	2.23	2.18	3.25	3.34	2.35	2.13	1.6	2.4
Free Cash Flow per Basic Share	2.2	2.27	2.48	1.93	2.19	2.23	1.96	2.16	2.1	3.11	3.13	2.04	1.59	1.56	2.33
Cash & Equivalents per Share	60.09	71.58	67.5	64.27	63.12	62	60.61	55.44	67.44	86.17	102.67	91.95	88.79	51.67	55.45
Book Value per Share	11.1	12.11	13.01	13.91	14.68	15.55	16.13	16.83	17.81	19.28	20.66	21.95	22.01	22.33	24.04
Tangible Book Value per Share	14.31	14.77	14.56	15.72	16.43	16.86	17.49	17.26	18.55	21.19	21.13	14.95	16.86	17.98	21.9

Ames National Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)