Ames National CorpATLO

Ames National Corp (ATLO) is a bank holding company headquartered in Ames, Iowa. The company operates through its subsidiary, Ames National Bank, which provides a range of banking services, including checking and savings accounts, loans, and investment services. The bank's latest 10-Q filing shows that it has total assets of $2.14 billion and total liabilities of $1.93 billion, leaving it with stockholders' equity of $207.6 million (source: 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1132651/000143774926015819/atlo20260331_10q.htm).

The bank's net income for the quarter was $6 million, which is a healthy profit margin given its size. However, its operating cash flow was $8.4 million, which is less than impressive for a company with $2.14 billion in assets (source: 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1132651/000143774926015819/atlo20260331_10q.htm). The bank's cash and cash equivalents stand at $118.2 million, which is a decent cushion but not enough to weather a severe economic downturn.

The bank's expected credit losses are tied to the national unemployment rate and GDP, which means that its fortunes are closely linked to the broader economy (source: 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1132651/000143774926015819/atlo20260331_10q.htm). The bank's latest 8-K filing shows that it has been making routine changes to its management and dividend policy, but there's nothing groundbreaking here (source: 8-K, 2026-07-17, https://www.sec.gov/Archives/edgar/data/1132651/000143774926023763/atlo20260519_8k.htm).

For those looking to track the bank's performance, the SEC EDGAR filing index provides a comprehensive list of its submissions (source: SEC EDGAR, https://www.sec.gov/edgar/browse/?CIK=1132651). The bank's 10-Q and 8-K filings are the most relevant sources for investors, as they provide detailed information about its financial performance and management changes.