10-Q
Quarterly Report
AMES NATIONAL CORPORATION
ATLO
NASDAQ
CIK: 1132651
File #: 0-32637
Balance Sheet
69 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and due from banks | 18,362,000 | 24,105,000 |
Interest-bearing deposits in financial institutions and federal funds sold | 93,040,000 | 30,996,000 |
Total cash and cash equivalents | 111,402,000 | 55,101,000 |
Interest-bearing time deposits | 7,660,000 | 8,904,000 |
Securities available-for-sale | 723,205,000 | 736,389,000 |
Corporate Debt Securities | 69,598,000 | 71,931,000 |
US States and Political Subdivisions Debt Securities | 262,855,000 | 269,891,000 |
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 98,159,000 | 101,864,000 |
US Government Agencies Debt Securities | 92,265,000 | 92,615,000 |
US Treasury Securities | 200,328,000 | 200,088,000 |
Reported Value Measurement | 736,389,000 | 723,205,000 |
Estimate of Fair Value Measurement | 723,205,000 | 736,389,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Corporate Debt Securities | 69,598,000 | 71,931,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Fair Value, Recurring - Corporate Debt Securities | 69,598,000 | 71,931,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 262,855,000 | 269,891,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 0 | 0 |
Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 262,855,000 | 269,891,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 98,159,000 | 101,864,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 0 | 0 |
Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 98,159,000 | 101,864,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US Government Agencies Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - US Government Agencies Debt Securities | 92,265,000 | 92,615,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Government Agencies Debt Securities | 0 | 0 |
Fair Value, Recurring - US Government Agencies Debt Securities | 92,265,000 | 92,615,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US Treasury Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - US Treasury Securities | 0 | 0 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Treasury Securities | 200,328,000 | 200,088,000 |
Fair Value, Recurring - US Treasury Securities | 200,328,000 | 200,088,000 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 3,593,000 | 3,086,000 |
Loans receivable, net | 1,272,580,000 | 1,277,812,000 |
Loans held for sale | 739,000 | 124,000 |
Bank premises and equipment, net | 22,289,000 | 22,549,000 |
Accrued income receivable | 12,246,000 | 12,953,000 |
Bank-owned life insurance | 3,151,000 | 3,131,000 |
Deferred income taxes, net | 16,568,000 | 16,496,000 |
Other intangible assets, net | 1,342,000 | 1,429,000 |
Goodwill | 12,424,000 | 12,424,000 |
Other assets | 4,643,000 | 5,083,000 |
Total assets | 2,191,842,000 | 2,155,481,000 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
LIABILITIES | ||
Noninterest-bearing checking | 354,082,000 | 370,942,000 |
Interest-bearing checking | 645,400,000 | 611,891,000 |
Savings and money market | 570,398,000 | 552,275,000 |
Time, $250 and over | 77,276,000 | 67,733,000 |
Other time | 224,967,000 | 208,990,000 |
Total deposits | 1,872,123,000 | 1,811,831,000 |
Securities sold under agreements to repurchase | 53,037,000 | 53,994,000 |
Other borrowings | 90,284,000 | 110,588,000 |
Dividends payable | 2,428,000 | 2,428,000 |
Accrued interest payable | 2,571,000 | 4,710,000 |
Accrued expenses and other liabilities | 5,859,000 | 6,142,000 |
Total liabilities | 2,026,302,000 | 1,989,693,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of March 31, 2024 and December 31, 2023 | 17,984,000 | 17,984,000 |
Additional paid-in capital | 14,253,000 | 14,253,000 |
Retained earnings | 180,316,000 | 180,438,000 |
Accumulated other comprehensive (loss) | (47,013,000) | (46,887,000) |
Total stockholders' equity | 165,540,000 | 165,788,000 |
AOCI Attributable to Parent | (47,013,000) | (46,887,000) |
Retained Earnings | 180,316,000 | 180,438,000 |
Additional Paid-in Capital | 14,253,000 | 14,253,000 |
Common Stock | 17,984,000 | 17,984,000 |
Total liabilities and stockholders' equity | 2,191,842,000 | 2,155,481,000 |