10-K
Annual Report
AMES NATIONAL CORPORATION
ATLO
NASDAQ
CIK: 1132651
File #: 0-32637
Balance Sheet
89 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Cash and due from banks | 20,481,000 | 19,525,000 |
Parent Company | 140,000 | 87,000 |
Interest-bearing deposits in financial institutions and federal funds sold | 106,272,000 | 81,702,000 |
Parent Company | 2,813,000 | 905,000 |
Total cash and cash equivalents | 126,753,000 | 101,227,000 |
Parent Company | 2,953,000 | 992,000 |
Interest-bearing time deposits | 5,678,000 | 6,166,000 |
Securities available-for-sale | 655,954,000 | 648,513,000 |
US Treasury Securities | 144,063,000 | 167,715,000 |
US Government Agencies Debt Securities | 77,982,000 | 83,433,000 |
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 135,490,000 | 91,050,000 |
US States and Political Subdivisions Debt Securities | 236,947,000 | 245,562,000 |
Corporate Debt Securities | 61,472,000 | 60,753,000 |
Fair Value, Recurring - US Treasury Securities | 144,063,000 | 167,715,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Treasury Securities | 144,063,000 | 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 | 77,982,000 | 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 | 77,982,000 | 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 | 135,490,000 | 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 | 135,490,000 | 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 | 236,947,000 | 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 | 236,947,000 | 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 | 61,472,000 | 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 | 61,472,000 | 60,753,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Reported Value Measurement | 655,954,000 | 648,513,000 |
Estimate of Fair Value Measurement | 655,954,000 | 648,513,000 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 2,795,000 | 3,883,000 |
Loans receivable, net | 1,280,222,000 | 1,303,917,000 |
Parent Company | 613,000 | 861,000 |
Loans held for sale | 472,000 | 342,000 |
Bank premises and equipment, net | 20,920,000 | 21,567,000 |
Parent Company | 2,769,000 | 2,717,000 |
Interest Receivable | 14,067,000 | 13,864,000 |
Parent Company | 1,000 | 1,000 |
Other real estate owned | 204,000 | 0 |
Fair Value, Nonrecurring | 204,000 | — |
Fair Value, Inputs, Level 1 - Fair Value, Nonrecurring | 0 | — |
Fair Value, Inputs, Level 2 - Fair Value, Nonrecurring | 0 | — |
Fair Value, Inputs, Level 3 - Fair Value, Nonrecurring | 204,000 | — |
Fair Value, Inputs, Level 3 - Fair Value, Nonrecurring - Valuation, Market Approach | 204,000 | — |
Bank-owned life insurance | 3,303,000 | 3,214,000 |
Deferred income taxes, net | 7,494,000 | 14,056,000 |
Other intangible assets, net | 791,000 | 1,092,000 |
Goodwill | 12,424,000 | 12,424,000 |
Other Assets | 2,463,000 | 2,915,000 |
Parent Company | 274,000 | 101,000 |
Total assets | 2,133,540,000 | 2,133,180,000 |
Parent Company | 210,789,000 | 180,824,000 |
Noninterest-bearing checking | 353,766,000 | 358,386,000 |
Interest-bearing checking | 635,885,000 | 619,951,000 |
Savings and money market | 537,708,000 | 540,491,000 |
Time, $250 and over | 85,799,000 | 84,996,000 |
Other time | 241,509,000 | 242,858,000 |
Total deposits | 1,854,667,000 | 1,846,682,000 |
Securities sold under agreements to repurchase | 38,799,000 | 52,412,000 |
Other borrowings | 21,352,000 | 46,952,000 |
Dividends payable | 0 | 1,790,000 |
Parent Company | 0 | 1,790,000 |
Accrued interest payable | 2,562,000 | 3,208,000 |
Accounts Payable and Accrued Liabilities | 8,266,000 | 7,430,000 |
Parent Company | 995,000 | 828,000 |
Total liabilities | 1,925,646,000 | 1,958,474,000 |
Parent Company | 2,895,000 | 6,118,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,857,220 and 8,949,110 shares as of December 31, 2025 and 2024, respectively | 17,714,000 | 17,898,000 |
Parent Company | 17,714,000 | 17,898,000 |
Additional paid-in capital | 12,135,000 | 13,635,000 |
Parent Company | 12,135,000 | 13,635,000 |
Retained earnings | 195,993,000 | 182,236,000 |
Parent Company | 195,993,000 | 182,236,000 |
Accumulated other comprehensive (loss) | (17,948,000) | (39,063,000) |
Parent Company | (17,948,000) | (39,063,000) |
Total stockholders' equity | 207,894,000 | 174,706,000 |
Common Stock | 17,714,000 | 17,898,000 |
Additional Paid-in Capital | 12,135,000 | 13,635,000 |
Retained Earnings | 195,993,000 | 182,236,000 |
AOCI Attributable to Parent | (17,948,000) | (39,063,000) |
Parent Company | 207,894,000 | 174,706,000 |
Total liabilities and stockholders' equity | 2,133,540,000 | 2,133,180,000 |
Parent Company | 210,789,000 | 180,824,000 |