Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online management, mobile and and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.
IPO Year:
Exchange: NASDAQ
Website: amesnational.com
AMES, Iowa, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Ames National Corporation (NASDAQ:ATLO, the "Company"))) today reported net income for the fourth quarter of 2022 of $4.4 million, or $0.49 per share, compared to $5.3 million, or $0.58 per share, earned in the fourth quarter of 2021. For the year ended December 31, 2022, net income for the Company totaled $19.3 million or $2.14 per share, compared to $23.9 million or $2.62 per share earned in 2021. The decrease in earnings for the three months and year ended is primarily the result of higher interest expense on deposits and fewer Paycheck Protection Program ("PPP") fees recognized into income, offset in part by an increase in interest income o
DALLAS, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (NASDAQ:TBK) today announced the election of Harrison Barnes to its board of directors. A professional athlete since 2012, Barnes is currently a professional basketball player for the Sacramento Kings of the National Basketball Association. He currently serves on the board of directors of First National Bank (Ames, IA), the largest bank subsidiary of Ames National Corporation (NASDAQ:ATLO). Since 2012, Barnes has overseen all functions of his family's business affairs, including analysis of representation and business proposals, venture capital transactions, and investments in publicly traded companies. "Harrison brings a un
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AMES, Iowa, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Ames National Corporation (NASDAQ:ATLO, the "Company"))) today reported net income for the fourth quarter of 2022 of $4.4 million, or $0.49 per share, compared to $5.3 million, or $0.58 per share, earned in the fourth quarter of 2021. For the year ended December 31, 2022, net income for the Company totaled $19.3 million or $2.14 per share, compared to $23.9 million or $2.62 per share earned in 2021. The decrease in earnings for the three months and year ended is primarily the result of higher interest expense on deposits and fewer Paycheck Protection Program ("PPP") fees recognized into income, offset in part by an increase in interest income o