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Midas Edge

AMES NATIONAL CORP

For the period ended Mar 31, 2026. Filed May 8, 2026.

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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.

Mar 31, 2026 · Filed May 8, 2026

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 March 31, 2026 and December 31, 20253
Consolidated Statements of Income for the three months ended March 31, 2026 and 20254
Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 20255
Consolidated Statements of Stockholders’ Equity for the three months ended March 31, 2026 and 20256
Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 20257
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 Risk46
Item 4.Controls and Procedures46
PART II.OTHER INFORMATION
Item 1.Legal Proceedings46
Item 1.A.Risk Factors46
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds47
Item 3.Defaults Upon Senior Securities47
Item 4.Mine Safety Disclosures47
Item 5.Other Information47
Item 6.Exhibits48
Signatures49

AMES NATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

March 31,December 31,
20262025
(unaudited)(audited)
ASSETS
Cash and due from banks$21,428$20,481
Interest-bearing deposits in financial institutions and federal funds sold96,723106,272
Total cash and cash equivalents118,151126,753
Interest-bearing time deposits5,4285,678
Securities available-for-sale688,827655,954
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost2,6672,795
Loans receivable, net1,264,8271,280,222
Loans held for sale614472
Bank premises and equipment, net21,01020,920
Accrued income receivable13,09814,067
Other real estate owned212204
Bank-owned life insurance3,3263,303
Deferred income taxes, net8,8067,494
Intangible assets, net722791
Goodwill12,42412,424
Other assets2,4272,463
Total assets$2,142,539$2,133,540
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits
Noninterest-bearing checking$330,687$353,766
Interest-bearing checking661,131635,885
Savings and money market553,513537,708
Time, $250 and over80,77685,799
Other time241,286241,509
Total deposits1,867,3931,854,667
Securities sold under agreements to repurchase36,72638,799
Other borrowings18,20221,352
Accrued interest payable2,2182,562
Accrued expenses and other liabilities10,4308,266
Total liabilities1,934,9691,925,646
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, 202517,71417,714
Additional paid-in capital12,13512,135
Retained earnings199,840195,993
Accumulated other comprehensive (loss)(22,119)(17,948)
Total stockholders' equity207,570207,894
Total liabilities and stockholders' equity$2,142,539$2,133,540
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.