10-Q
Quarterly Report
AMES NATIONAL CORPORATION
ATLO
NASDAQ
CIK: 1132651
File #: 0-32637
Balance Sheet
66 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
Cash and due from banks | 20,498,000 | 19,525,000 |
Interest-bearing deposits in financial institutions and federal funds sold | 142,893,000 | 81,702,000 |
Total cash and cash equivalents | 163,391,000 | 101,227,000 |
Interest-bearing time deposits | 5,166,000 | 6,166,000 |
Securities available-for-sale | 640,416,000 | 648,513,000 |
Fair Value, Recurring - US Treasury Securities | 158,963,000 | 167,715,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Treasury Securities | 158,963,000 | 167,715,000 |
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 | 86,624,000 | 83,433,000 |
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 | 86,624,000 | 83,433,000 |
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 | 89,240,000 | 91,050,000 |
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 | 89,240,000 | 91,050,000 |
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 | 245,561,000 | 245,562,000 |
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 | 245,561,000 | 245,562,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 0 | 0 |
Fair Value, Recurring - Corporate Debt Securities | 60,028,000 | 60,753,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Corporate Debt Securities | 60,028,000 | 60,753,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Reported Value Measurement | 640,416,000 | 648,513,000 |
Estimate of Fair Value Measurement | 640,416,000 | 648,513,000 |
US Treasury Securities | 158,963,000 | 167,715,000 |
US Government Agencies Debt Securities | 86,624,000 | 83,433,000 |
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 89,240,000 | 91,050,000 |
US States and Political Subdivisions Debt Securities | 245,561,000 | 245,562,000 |
Corporate Debt Securities | 60,028,000 | 60,753,000 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 3,384,000 | 3,883,000 |
Loans receivable, net | 1,306,230,000 | 1,303,917,000 |
Loans held for sale | 540,000 | 342,000 |
Bank premises and equipment, net | 21,445,000 | 21,567,000 |
Accrued income receivable | 12,240,000 | 13,864,000 |
Bank-owned life insurance | 3,235,000 | 3,214,000 |
Deferred income taxes, net | 12,010,000 | 14,056,000 |
Intangible assets, net | 1,015,000 | 1,092,000 |
Goodwill | 12,424,000 | 12,424,000 |
Other Assets | 2,797,000 | 2,915,000 |
Total assets | 2,184,293,000 | 2,133,180,000 |
Noninterest-bearing checking | 336,844,000 | 358,386,000 |
Interest-bearing checking | 663,125,000 | 619,951,000 |
Savings and money market | 575,365,000 | 540,491,000 |
Time, $250 and over | 87,946,000 | 84,996,000 |
Other time | 243,104,000 | 242,858,000 |
Total deposits | 1,906,384,000 | 1,846,682,000 |
Securities sold under agreements to repurchase | 45,774,000 | 52,412,000 |
Other borrowings | 35,802,000 | 46,952,000 |
Dividends declared, not paid | 1,783,000 | 1,790,000 |
Accrued interest payable | 2,555,000 | 3,208,000 |
Accounts Payable and Accrued Liabilities | 8,939,000 | 7,430,000 |
Total liabilities | 2,001,237,000 | 1,958,474,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,915,557 and 8,949,110 shares as of March 31, 2025 and December 31, 2024, respectively | 17,831,000 | 17,898,000 |
Additional paid-in capital | 13,152,000 | 13,635,000 |
Retained earnings | 183,914,000 | 182,236,000 |
Accumulated other comprehensive (loss) | (31,841,000) | (39,063,000) |
Total stockholders' equity | 183,056,000 | 174,706,000 |
Common Stock | 17,831,000 | 17,898,000 |
Additional Paid-in Capital | 13,152,000 | 13,635,000 |
Retained Earnings | 183,914,000 | 182,236,000 |
AOCI Attributable to Parent | (31,841,000) | (39,063,000) |
Total liabilities and stockholders' equity | 2,184,293,000 | 2,133,180,000 |