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Midas Edge

AMES NATIONAL CORP

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

ATLO$33.90-0.4%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

INDEX

Page
PART I. · FINANCIAL INFORMATION
Item 1.Consolidated Financial Statements (Unaudited)3
Consolidated Balance Sheets at June 30, 2025 and December 31, 20243
Consolidated Statements of Income for the three and six months ended June 30, 2025 and 20244
Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 20245
Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2025 and 20246
Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 20247
Notes to Consolidated Financial Statements9
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations35
Item 3.Quantitative and Qualitative Disclosures About Market Risk51
Item 4.Controls and Procedures51
PART II.OTHER INFORMATION
Item 1.Legal Proceedings51
Item 1.A.Risk Factors51
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds52
Item 3.Defaults Upon Senior Securities52
Item 4.Mine Safety Disclosures52
Item 5.Other Information52
Item 6.Exhibits53
Signatures54

AMES NATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

June 30,December 31,
20252024
(unaudited)(audited)
ASSETS
Cash and due from banks$24,148$19,525
Interest-bearing deposits in financial institutions and federal funds sold71,06381,702
Total cash and cash equivalents95,211101,227
Interest-bearing time deposits6,9186,166
Securities available-for-sale644,702648,513
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost3,1663,883
Loans receivable, net1,279,6441,303,917
Loans held for sale341342
Bank premises and equipment, net21,23921,567
Accrued income receivable12,16613,864
Bank-owned life insurance3,2563,214
Deferred income taxes, net9,94914,056
Intangible assets, net9381,092
Goodwill12,42412,424
Other assets2,8902,915
Total assets$2,092,844$2,133,180
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits
Noninterest-bearing checking$309,379$358,386
Interest-bearing checking629,728619,951
Savings and money market547,277540,491
Time, $250 and over88,69284,996
Other time244,129242,858
Total deposits1,819,2051,846,682
Securities sold under agreements to repurchase40,06152,412
Other borrowings30,65246,952
Dividends payable-1,790
Accrued interest payable2,4723,208
Accrued expenses and other liabilities7,4257,430
Total liabilities1,899,8151,958,474
STOCKHOLDERS' EQUITY
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,898,689 and 8,949,110 shares as of June 30, 2025 and December 31, 2024, respectively17,79717,898
Additional paid-in capital12,90713,635
Retained earnings188,442182,236
Accumulated other comprehensive (loss)(26,117)(39,063)
Total stockholders' equity193,029174,706
Total liabilities and stockholders' equity$2,092,844$2,133,180
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.