Ames National Corporation (ATLO) Financial Statements (2024 and earlier)

Company Profile

Business Address PO BOX 846
AMES, IA 50010
State of Incorp. IA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,88489,129191,52334,61730,38426,398
Cash and cash equivalents27,88489,129191,52334,61730,38426,398
Total current assets:27,88489,129191,52334,61730,38426,398
Noncurrent Assets
Property, plant and equipment18,89517,51217,34017,81115,81315,399
Intangible assets, net (including goodwill)14,35514,92915,55816,07412,4228,915
Goodwill12,42412,42412,42412,1159,7446,732
Intangible assets, net (excluding goodwill)1,9312,5053,1333,9592,6782,182
Deferred income tax assets22,1301,922 1,151
Total noncurrent assets:55,38034,36332,89835,03528,23624,314
Other undisclosed assets2,051,6622,013,5491,751,2271,667,5301,397,0681,324,348
TOTAL ASSETS:2,134,9262,137,0411,975,6481,737,1831,455,6871,375,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 35,420  2,00012,60011,500
Total current liabilities: 35,420  2,00012,60011,500
Noncurrent Liabilities
Liabilities, other than long-term debt   1,731   
Deferred income tax liabilities   1,731 
Total noncurrent liabilities:   1,731   
Other undisclosed liabilities1,950,4081,929,2631,764,4301,547,6031,270,2221,192,807
Total liabilities:1,985,8281,929,2631,766,1611,549,6031,282,8221,204,307
Equity
Equity, attributable to parent149,098207,778209,486187,579172,865170,753
Common stock17,98418,18418,24518,44518,58718,622
Additional paid in capital14,25316,35317,00218,79420,46220,879
Accumulated other comprehensive income (loss)(63,070)2,86416,0234,115(4,075)(432)
Retained earnings179,931170,377158,217146,225137,892131,685
Total equity:149,098207,778209,486187,579172,865170,753
TOTAL LIABILITIES AND EQUITY:2,134,9262,137,0411,975,6481,737,1831,455,6871,375,060

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues62,15962,15565,05356,17749,72751,149
Net investment income61,55360,48262,94156,17749,72745,283
Cost of revenue  (5,681)(1,314)(639)(1,520)
Provision for loan, lease, and other losses  (5,681)(1,314)(639)
Financial services costs(1,520)
Gross profit:62,15962,15559,37254,86349,08849,629
Operating expenses(12,987)(11,969)(11,294)(10,012)(8,796)(23,945)
Operating income:49,17250,18648,07844,85240,29225,684
Interest and debt expense(8,309)(4,485)(8,098)(10,929)(7,603)(5,581)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (16,749)(12,880)(11,269)1,179
Income from continuing operations before equity method investments, income taxes:40,86345,70123,23121,04221,42021,282
Other undisclosed loss from continuing operations before income taxes(15,702)(15,028)    
Income from continuing operations before income taxes:25,16130,67323,23121,04221,42021,282
Income tax expense(5,868)(6,760)(4,381)(3,848)(4,406)(7,585)
Income from continuing operations:19,29323,91318,85017,19417,01413,697
Income before gain (loss) on sale of properties:23,91318,85017,19417,01413,697
Net income available to common stockholders, diluted:19,29323,91318,85017,19417,01413,697

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:19,29323,91318,85017,19417,01413,697
Comprehensive income:19,29323,91318,85017,19417,01413,697
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(65,934)(13,159)11,9088,190(3,560)144
Comprehensive income (loss), net of tax, attributable to parent:(46,641)10,75430,75825,38413,45413,842

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: