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AMES NATIONAL CORP (ATLO)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 01/20/2023 |
8-K
| Quarterly results |
| 04/22/2022 |
8-K
| Quarterly results |
| 01/21/2022 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES EARNINGS FOR THE FOURTH QUARTER OF 2021 Ames, Iowa – Ames National Corporation today reported net income for the fourth quarter of 2021 of $5.3 million, or $0.58 per share, compared to $5.2 million, or $0.57 per share, earned in the fourth quarter of 2020. The increase in earnings is primarily the result of decrease in provision for loan losses due to less economic uncertainty than in 2020 and a reduction in interest expense due to declines in market interest rates, partially offset by fewer Paycheck Protection Program fees recognized into income compared to the same period 2020. For the year ended December 31, 2021, net income for the Company totaled $23.9 million, or $2.62 per share, compared to $18.9 million, or $2.06 per share, earned in the same per..." |
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| 10/15/2021 |
8-K
| Quarterly results |
| 04/16/2021 |
8-K
| Quarterly results |
| 01/22/2021 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES EARNINGS FOR THE FOURTH QUARTER OF 2020 Fourth Quarter 2020 results: For the quarter ended December 31, 2020, net income for the Company totaled $5,196,000, or $0.57 per share, compared to $4,298,000, or $0.47 per share, earned in the fourth quarter of 2019. The increase in earnings is primarily the result of a reduction in interest expense due to declines in market rates, offset in part by an increase in the provision for loan losses. As previously announced, the Company acquired Iowa State Savings Bank on October 25, 2019 . The acquired assets totaled approximately $215 million. Retention of loan and deposit customers from the Acquisition has been favorable. The net income of Iowa State Savings Bank was $506,000 and $1,679,000 for the three months and ..." |
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| 10/16/2020 |
8-K
| Quarterly results |
| 04/17/2020 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES EARNINGS FOR THE FIRST QUARTER OF 2020 First Quarter 2020 results: For the quarter ended March 31, 2020, net income for the Company totaled $3,555,000, or $0.39 per share, compared to $4,237,000, or $0.46 per share, earned in the first quarter of 2019. The decrease in earnings is primarily the result of the additional provision for loan losses in 2020. The Company conducts business in the State of Iowa and Iowa began to place significant restrictions on companies and individuals on March 9, 2020 as a result of the COVID-19 pandemic. The State of Iowa continues to evaluate the need for any additional restrictions it may consider necessary. As an organization that focuses on community banking, we are concerned about the health of our customers, employees a..." |
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| 01/24/2020 |
8-K
| Quarterly results |
| 10/18/2019 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES EARNINGS FOR THE THIRD QUARTER OF 2019 Third Quarter 2019 results: For the quarter ended September 30, 2019, net income for Ames National Corporation totaled $4,041,000 or $0.44 per share, compared to $4,459,000 or $0.48 per share earned in 2018. The decrease in earnings is primarily the result of higher deposit interest expense, salaries and employee benefits and provision for loan losses, offset in part by improved loan interest income. As previously announced, the Company’s largest subsidiary bank, First National Bank acquired Clarke County State Bank in Osceola, Iowa on September 14, 2018 . The acquired assets totaled approximately $103 million. Retention of loan and deposit customers from the Acquisition has been favorable. The impact of the Acquisi..." |
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| 04/12/2019 |
8-K
| Quarterly results |
| 01/18/2019 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2018 FOURTH QUARTER EARNINGS RESULTS Fourth Quarter 2018 results: For the quarter ended December 31, 2018, net income for Ames National Corporation totaled $4,201,000 or $0.45 per share, compared to $2,686,000 or $0.29 per share earned in 2017. The increase in earnings is primarily the result of improved loan interest income and decreased income tax expense, offset in part by elevated deposit interest expense and higher salary and employee benefits. As previously announced, the Company’ s largest subsidiary bank, First National Bank acquired Clarke County State Bank in Osceola, Iowa on September 14, 2018 . The acquired assets totaled approximately $103 million. Retention of loan and deposit customers from the Acquisition has been favorable. The impact of..." |
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| 10/19/2018 |
8-K
| Quarterly results |
| 04/13/2018 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2018 FIRST QUARTER EARNINGS RESULTS First Quarter 2018 results: For the quarter ended March 31, 2018, net income for Ames National Corporation totaled $4,037,000 or $0.43 per share, compared to $3,610,000 or $0.39 per share earned in 2017. The improvement in earnings is primarily the result of an increase in loan interest income, a reduction in the provision for loan losses and lower federal income tax expense, offset in part by higher deposit interest expense, an increase in salaries and benefits and a decrease in securities gains. First quarter net interest income totaled $10,186,000, an increase of $303,000, or 3%, compared to the same quarter a year ago. The improvement in net interest income was mainly due to increased loan volume and recognition of..." |
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| 01/19/2018 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2017 FOURTH QUARTER EARNINGS RESULTS Fourth Quarter 2017 results: For the quarter ended December 31, 2017, net income for Ames National Corporation totaled $2,686,000 or $0.29 per share, compared to $4,024,000 or $0.43 per share earned in 2016. The decrease in earnings is primarily the result of increased income tax expense and elevated deposit interest expense, offset in part by improved loan interest income. The increase in income tax expense was primarily due to the write down of the Company’ s deferred income tax asset due to a decrease in the corporate federal income tax rates enacted in December 2017. Excluding the one-time write down of the deferred tax asset of $1,190,000, net income would have been $3,876,000 or $0.42 per share in 2017, as compa..." |
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| 10/13/2017 |
8-K
| Quarterly results |
| 04/14/2017 |
8-K
| Form 8-K - Current report |
| 01/20/2017 |
8-K
| Form 8-K - Current report |
| 10/14/2016 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2016 THIRD QUARTER EARNINGS RESULTS Third Quarter 2016 results: For the quarter ended September 30, 2016, net income for Ames National Corporation totaled $3,804,000 or $0.41 per share, compared to $4,100,000 or $0.44 per share earned in 2015. The lower earnings are primarily the result of increased income tax expense, a higher provision for loan loss, and higher data processing costs, offset in part by higher loan interest income and gain on sale of loans. The increase in loan interest income was attributable to higher loan volume. Average net loans for the three months were $50 million higher for the quarter ended September 30, 2016 compared to a year earlier. Company’s management was pleased with the growth in the Company’s loan portfolio. Third quart..." |
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| 04/15/2016 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2016 FIRST QUARTER EARNINGS RESULTS For the quarter ended March 31, 2016, net income for Ames National Corporation totaled $3,807,000 or $0.41 per share, compared to $3,635,000 or $0.39 per share earned in 2015. The higher earnings are primarily the result of increased loan interest income, higher net securities gains, and lower other real estate owned expenses. The higher loan interest income was attributable to improved loan volume. Net loans were $35 million higher as of March 31, 2016 compared to a year earlier. Company management was also pleased with a reduction in other real estate owned of $6 million from one year ago as well. First quarter net interest income totaled $9,836,000, an increase of $390,000, or 4%, compared to the same quarter a year..." |
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| 10/18/2013 |
8-K
| Quarterly results |
| 04/12/2013 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2013 FIRST QUARTER EARNINGS RESULTS First Quarter 2013 Results: For the quarter ended March 31, 2013, net income for Ames National Corporation increased 1.2% and totaled $3,586,000, or $0.39 per share, compared to $3,543,000, or $0.38 per share in 2012. Net income increased primarily due to higher loan interest income and lower deposit interest expense, offset in part by higher noninterest expenses and lower investment interest income. The Company’s management continues to be pleased with the results of the acquisition of the Garner and Klemme, Iowa offices by Reliance State Bank on April 27, 2012. Reliance State Bank’s net income for the quarter ended March 31, 2013 was $516,000, as compared to $318,000 for the quarter ended March 31, 2012. The Acquisit..." |
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| 01/18/2013 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2012 FOURTH QUARTER EARNINGS RESULTS Fourth Quarter 2012 Results: For the quarter ended December 31, 2012, net income for Ames National Corporation decreased 4.0% and totaled $3,469,000, or $0.37 per share, compared to $3,615,000, or $0.39 per share in 2011. Net income decreased primarily due to higher noninterest expenses, an other-than-temporary impairment of one equity security and lower investment interest income, offset in part by higher loan interest income, higher gains on loans held for sale and lower deposit interest expense. The Company’s management continues to be pleased with the results of the acquisition of the Garner and Klemme, Iowa offices by Reliance State Bank on April 27, 2012. Reliance State Bank’s net income for the quarter ended De..." |
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| 01/20/2012 |
8-K
| Form 8-K - Current report |
| 10/14/2011 |
8-K
| Form 8-K - Current report |
| 04/15/2011 |
8-K
| Quarterly results|
Docs:
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"AMES NATIONAL CORPORATION ANNOUNCES 2011 FIRST QUARTER EARNINGS RESULTS First Quarter 2011 Results: For the quarter ended March 31, 2011, net income for Ames National Corporation totaled $3,473,000, or $0.37 per share, compared to $3,270,000, or $0.35 per share, for the same period in 2010. Net income increased primarily due to lower provision for loan losses, offset in part by lower securities gains and higher salaries and employee benefits. Net interest income increased $41,000, or 0.6%, compared to the same period in 2010, due primarily to increases in average balances of investment securities and lower rates on deposits, offset in part by lower rates on loans and investment securities. The Company’s net interest margin was 3.53% for the quarter ended March 31, 2011, a decrease from 3.7..." |
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| 01/21/2011 |
8-K
| Form 8-K - Current report |
| 10/15/2010 |
8-K
| Form 8-K - Current report |
| 04/16/2010 |
8-K
| Form 8-K - Current report |
| 01/22/2010 |
8-K
| Form 8-K - Current report |
| 10/16/2009 |
8-K
| Form 8-K - Current report |
| 04/17/2009 |
8-K
| Form 8-K -- Current report |
| 01/23/2009 |
8-K
| Form 8-K -- Current report |
| 10/17/2008 |
8-K
| Form 8-K -- Current report |
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