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Midas Edge

AMES NATIONAL CORP

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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 September 30, 2026 and December 31, 20253
Consolidated Statements of Income for the three and nine months ended September 30, 2026 and 20254
Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2026 and 20255
Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2026 and 20256
Consolidated Statements of Cash Flows for the nine months ended September 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 Risk48
Item 4.Controls and Procedures48
PART II.OTHER INFORMATION
Item 1.Legal Proceedings48
Item 1.A.Risk Factors48
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds49
Item 3.Defaults Upon Senior Securities49
Item 4.Mine Safety Disclosures49
Item 5.Other Information49
Item 6.Exhibits50
Signatures51

AMES NATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

September 30,December 31,
20262025
(unaudited)(audited)
ASSETS
Cash and due from banks$20,200$20,481
Interest-bearing deposits in financial institutions and federal funds sold55,009106,272
Total cash and cash equivalents75,209126,753
Interest-bearing time deposits4,1945,678
Securities available-for-sale671,332655,954
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost1,9772,795
Loans receivable, net1,260,1861,280,222
Loans held for sale1,154472
Bank premises and equipment, net21,73320,920
Accrued income receivable15,49214,067
Other real estate owned-204
Bank-owned life insurance3,3743,303
Deferred income taxes, net11,8647,494
Intangible assets, net586791
Goodwill12,42412,424
Other assets2,6372,463
Total assets$2,082,162$2,133,540
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits
Noninterest-bearing checking$330,947$353,766
Interest-bearing checking639,205635,885
Savings and money market541,906537,708
Time, $250 and over80,62085,799
Other time237,825241,509
Total deposits1,830,5031,854,667
Securities sold under agreements to repurchase33,31538,799
Other borrowings1,45221,352
Accrued interest payable2,0902,562
Accrued expenses and other liabilities9,0488,266
Total liabilities1,876,4081,925,646
STOCKHOLDERS' EQUITY
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,857,220 shares as of September 30, 2026 and December 31, 202517,71417,714
Additional paid-in capital12,13512,135
Retained earnings208,604195,993
Accumulated other comprehensive (loss)(32,699)(17,948)
Total stockholders' equity205,754207,894
Total liabilities and stockholders' equity$2,082,162$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.