Ames National Corporation (OQ:ATLO)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 405 5Th Street
AMES IA 50010
Tel: 1-515-6633058
Website: https://www.amesnational.com
IR: See website
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Key People
John Patrick Nelson
President, Chief Executive Officer, Director
Michael A. Wilson
Executive Vice President, Chief Lending Officer
Justin C. Clausen
Chief Financial Officer, Principal Accounting Officer
John L. Pierschbacher
Chief Financial Officer, Secretary, Director
Scott T. Bauer
President and Director of First National Bank
Dan E. Johnson
President and Director of State Bank
Jeffrey K. Putzier
President and Director of Boone Bank
Richard J. Schreier
President and Director of Reliance Bank
Adam R. Snodgrass
President and Director of Iowa State Bank
Robert A. Thomas
President and Director of United Bank
   
Business Overview
Ames National Corp is a bank holding company for its banking subsidiaries, First National Bank, Ames, Iowa (FNB); State Bank & Trust Co., Nevada, Iowa (SBT); Boone Bank & Trust Co., Boone, Iowa (BBT); Reliance State Bank, Story City, Iowa (RSB); United Bank & Trust Co., Marshalltown, Iowa (UBT), and Iowa State Savings Bank, Creston, Iowa (ISSB). The Bank's lending activities consist primarily of short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. It provides a variety of checking, savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit, and automated/video teller machine access and automatic drafts (ACH) for various accounts.
Financial Overview
For the fiscal year ended 31 December 2023, Ames National Corporation interest income increased 21% to $74.3M. Net interest income after loan loss provision decreased 19% to $43.8M. Net income decreased 44% to $10.8M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 14% to 2.2%. Net income also reflects Deposits increase from $7.3M to $24.5M (expense).
Employees: 254 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $202.09M as of Mar 31, 2024
Annual revenue (TTM): $74.30M as of Mar 31, 2024
EBITDA (TTM): $19.85M as of Mar 31, 2024
Net annual income (TTM): $10.82M as of Mar 31, 2024
Free cash flow (TTM): $4.60M as of Mar 31, 2024
Net Debt Last Fiscal Year: $29.89M as of Mar 31, 2024
Shares outstanding: 8,992,167 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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