10-K
Annual Report
AMES NATIONAL CORPORATION
ATLO
NASDAQ
CIK: 1132651
File #: 0-32637
Balance Sheet
83 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Cash and due from banks | 19,525,000 | 24,105,000 |
Parent Company | 87,000 | 124,000 |
Interest-bearing deposits in financial institutions and federal funds sold | 81,702,000 | 30,996,000 |
Parent Company | 905,000 | 1,783,000 |
Total cash and cash equivalents | 101,227,000 | 55,101,000 |
Parent Company | 992,000 | 1,907,000 |
Interest-bearing time deposits | 6,166,000 | 8,904,000 |
Securities available-for-sale | 648,513,000 | 736,389,000 |
US Treasury Securities | 167,715,000 | 200,088,000 |
US Government Agencies Debt Securities | 83,433,000 | 92,615,000 |
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 91,050,000 | 101,864,000 |
US States and Political Subdivisions Debt Securities | 245,562,000 | 269,891,000 |
Corporate Debt Securities | 60,753,000 | 71,931,000 |
Fair Value, Recurring - US Treasury Securities | 167,715,000 | 200,088,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Treasury Securities | 167,715,000 | 200,088,000 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - US Treasury Securities | 0 | 0 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US Treasury Securities | 0 | 0 |
Fair Value, Recurring - US Government Agencies Debt Securities | 83,433,000 | 92,615,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Government Agencies Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - US Government Agencies Debt Securities | 83,433,000 | 92,615,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US Government Agencies Debt Securities | 0 | 0 |
Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 91,050,000 | 101,864,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 91,050,000 | 101,864,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 0 | 0 |
Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 245,562,000 | 269,891,000 |
Fair Value, Inputs, Level 1 - 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 | 245,562,000 | 269,891,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 0 | 0 |
Fair Value, Recurring - Corporate Debt Securities | 60,753,000 | 71,931,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Corporate Debt Securities | 60,753,000 | 71,931,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Reported Value Measurement | 648,513,000 | 736,389,000 |
Estimate of Fair Value Measurement | 648,513,000 | 736,389,000 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 3,883,000 | 3,086,000 |
Loans receivable, net | 1,303,917,000 | 1,277,812,000 |
Parent Company | 861,000 | 906,000 |
Loans held for sale | 342,000 | 124,000 |
Bank premises and equipment, net | 21,567,000 | 22,549,000 |
Parent Company | 2,717,000 | 2,793,000 |
Interest Receivable | 13,864,000 | 12,953,000 |
Parent Company | 1,000 | 1,000 |
Bank-owned life insurance | 3,214,000 | 3,131,000 |
Deferred Income Tax Assets, Net | 14,056,000 | 16,496,000 |
Other intangible assets, net | 1,092,000 | 1,429,000 |
Goodwill | 12,424,000 | 12,424,000 |
Other Assets | 2,915,000 | 5,083,000 |
Parent Company | 101,000 | 103,000 |
Total assets | 2,133,180,000 | 2,155,481,000 |
Parent Company | 180,824,000 | 172,466,000 |
Noninterest-bearing checking | 358,386,000 | 370,942,000 |
Interest-bearing checking | 619,951,000 | 611,891,000 |
Savings and money market | 540,491,000 | 552,275,000 |
Time, $250 and over | 84,996,000 | 67,733,000 |
Other time | 242,858,000 | 208,990,000 |
Total deposits | 1,846,682,000 | 1,811,831,000 |
Securities sold under agreements to repurchase | 52,412,000 | 53,994,000 |
Other borrowings | 46,952,000 | 110,588,000 |
Dividends payable | 1,790,000 | 2,428,000 |
Parent Company | 1,790,000 | 2,428,000 |
Accrued interest payable | 3,208,000 | 4,710,000 |
Accounts Payable and Accrued Liabilities | 7,430,000 | 6,142,000 |
Parent Company | 828,000 | 762,000 |
Total liabilities | 1,958,474,000 | 1,989,693,000 |
Parent Company | 6,118,000 | 6,678,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,949,110 and 8,992,167 shares as of December 31, 2024 and 2023, respectively | 17,898,000 | 17,984,000 |
Parent Company | 17,898,000 | 17,984,000 |
Additional paid-in capital | 13,635,000 | 14,253,000 |
Parent Company | 13,635,000 | 14,253,000 |
Retained earnings | 182,236,000 | 180,438,000 |
Parent Company | 182,236,000 | 180,438,000 |
Accumulated other comprehensive (loss) | (39,063,000) | (46,887,000) |
Parent Company | (39,063,000) | (46,887,000) |
Total stockholders' equity | 174,706,000 | 165,788,000 |
Common Stock | 17,898,000 | 17,984,000 |
Additional Paid-in Capital | 13,635,000 | 14,253,000 |
Retained Earnings | 182,236,000 | 180,438,000 |
AOCI Attributable to Parent | (39,063,000) | (46,887,000) |
Parent Company | 174,706,000 | 165,788,000 |
Total liabilities and stockholders' equity | 2,133,180,000 | 2,155,481,000 |
Parent Company | 180,824,000 | 172,466,000 |