10-Q
Quarterly Report
AMES NATIONAL CORPORATION
ATLO
NASDAQ
CIK: 1132651
File #: 0-32637
Balance Sheet
73 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
ASSETS | ||
Cash and due from banks | 21,428,000 | 20,481,000 |
Interest-bearing deposits in financial institutions and federal funds sold | 96,723,000 | 106,272,000 |
Total cash and cash equivalents | 118,151,000 | 126,753,000 |
Interest-bearing time deposits | 5,428,000 | 5,678,000 |
Securities available-for-sale | 688,827,000 | 655,954,000 |
Fair Value, Recurring - US Treasury Securities | 180,450,000 | 144,063,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - US Treasury Securities | 180,450,000 | 144,063,000 |
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 | 74,335,000 | 77,982,000 |
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 | 74,335,000 | 77,982,000 |
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 | 144,419,000 | 135,490,000 |
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 | 144,419,000 | 135,490,000 |
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 | 230,718,000 | 236,947,000 |
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 | 230,718,000 | 236,947,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - US States and Political Subdivisions Debt Securities | 0 | 0 |
Fair Value, Recurring - Corporate Debt Securities | 58,905,000 | 61,472,000 |
Fair Value, Inputs, Level 1 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Fair Value, Inputs, Level 2 - Fair Value, Recurring - Corporate Debt Securities | 58,905,000 | 61,472,000 |
Fair Value, Inputs, Level 3 - Fair Value, Recurring - Corporate Debt Securities | 0 | 0 |
Reported Value Measurement | 688,827,000 | 655,954,000 |
Estimate of Fair Value Measurement | 688,827,000 | 655,954,000 |
US Treasury Securities | 180,450,000 | 144,063,000 |
US Government Agencies Debt Securities | 74,335,000 | 77,982,000 |
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise | 144,419,000 | 135,490,000 |
US States and Political Subdivisions Debt Securities | 230,718,000 | 236,947,000 |
Corporate Debt Securities | 58,905,000 | 61,472,000 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 2,667,000 | 2,795,000 |
Loans receivable, net | 1,264,827,000 | 1,280,222,000 |
Loans held for sale | 614,000 | 472,000 |
Bank premises and equipment, net | 21,010,000 | 20,920,000 |
Accrued income receivable | 13,098,000 | 14,067,000 |
Other real estate owned | 212,000 | 204,000 |
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 | 3,326,000 | 3,303,000 |
Deferred income taxes, net | 8,806,000 | 7,494,000 |
Intangible assets, net | 722,000 | 791,000 |
Goodwill | 12,424,000 | 12,424,000 |
Other assets | 2,427,000 | 2,463,000 |
Total assets | 2,142,539,000 | 2,133,540,000 |
LIABILITIES | ||
Noninterest-bearing checking | 330,687,000 | 353,766,000 |
Interest-bearing checking | 661,131,000 | 635,885,000 |
Savings and money market | 553,513,000 | 537,708,000 |
Time, $250 and over | 80,776,000 | 85,799,000 |
Other time | 241,286,000 | 241,509,000 |
Total deposits | 1,867,393,000 | 1,854,667,000 |
Securities sold under agreements to repurchase | 36,726,000 | 38,799,000 |
Other borrowings | 18,202,000 | 21,352,000 |
Accrued interest payable | 2,218,000 | 2,562,000 |
Accrued expenses and other liabilities | 10,430,000 | 8,266,000 |
Total liabilities | 1,934,969,000 | 1,925,646,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,857,220 shares as of March 31, 2026 and December 31, 2025 | 17,714,000 | 17,714,000 |
Additional paid-in capital | 12,135,000 | 12,135,000 |
Retained earnings | 199,840,000 | 195,993,000 |
Accumulated other comprehensive (loss) | (22,119,000) | (17,948,000) |
Total stockholders' equity | 207,570,000 | 207,894,000 |
Common Stock | 17,714,000 | 17,714,000 |
Additional Paid-in Capital | 12,135,000 | 12,135,000 |
Retained Earnings | 199,840,000 | 195,993,000 |
AOCI Attributable to Parent | (22,119,000) | (17,948,000) |
Total liabilities and stockholders' equity | 2,142,539,000 | 2,133,540,000 |