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Midas Edge

AMES NATIONAL CORP

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

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, 2026 · Filed Aug 7, 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 June 30, 2026 and December 31, 20253
Consolidated Statements of Income for the three and six months ended June 30, 2026 and 20254
Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2026 and 20255
Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026 and 20256
Consolidated Statements of Cash Flows for the six months ended June 30, 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 Risk49
Item 4.Controls and Procedures49
PART II.OTHER INFORMATION
Item 1.Legal Proceedings49
Item 1.A.Risk Factors49
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50
Item 3.Defaults Upon Senior Securities50
Item 4.Mine Safety Disclosures50
Item 5.Other Information50
Item 6.Exhibits51
Signatures52

AMES NATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

June 30,December 31,
20262025
(unaudited)(audited)
ASSETS
Cash and due from banks$18,939$20,481
Interest-bearing deposits in financial institutions and federal funds sold88,305106,272
Total cash and cash equivalents107,244126,753
Interest-bearing time deposits5,1825,678
Securities available-for-sale695,251655,954
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost2,6522,795
Loans receivable, net1,250,9961,280,222
Loans held for sale892472
Bank premises and equipment, net20,96720,920
Accrued income receivable12,91214,067
Other real estate owned-204
Bank-owned life insurance3,3493,303
Deferred income taxes, net8,1577,494
Intangible assets, net654791
Goodwill12,42412,424
Other assets2,2182,463
Total assets$2,122,898$2,133,540
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits
Noninterest-bearing checking$364,651$353,766
Interest-bearing checking629,244635,885
Savings and money market535,726537,708
Time, $250 and over79,76885,799
Other time243,178241,509
Total deposits1,852,5671,854,667
Securities sold under agreements to repurchase30,89838,799
Other borrowings16,45221,352
Accrued interest payable2,2892,562
Accrued expenses and other liabilities7,5998,266
Total liabilities1,909,8051,925,646
STOCKHOLDERS' EQUITY
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,857,220 shares as of June 30, 2026 and December 31, 202517,71417,714
Additional paid-in capital12,13512,135
Retained earnings203,667195,993
Accumulated other comprehensive (loss)(20,423)(17,948)
Total stockholders' equity213,093207,894
Total liabilities and stockholders' equity$2,122,898$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.