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
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90,06393,29987,18627,88429,25574,678
Cash and cash equivalents90,06393,29987,18627,88429,25574,678
Financing receivable, accrued interest, after allowance for credit loss 9,7007,2006,300   
Total current assets:99,763100,49993,48627,88429,25574,678
Noncurrent Assets
Property, plant and equipment21,82820,87720,16818,89518,15518,274
Intangible assets, net (including goodwill)13,96714,09714,22514,35514,49114,636
Goodwill12,42412,42412,42412,42412,42412,424
Intangible assets, net (excluding goodwill)1,5431,6731,8011,9312,0672,212
Deferred income tax assets23,20620,41119,25022,13025,45318,352
Total noncurrent assets:59,00155,38553,64355,38058,09951,262
Other undisclosed assets1,995,2872,018,3772,042,5222,051,6621,999,5852,005,033
TOTAL ASSETS:2,154,0512,174,2612,189,6512,134,9262,086,9392,130,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    35,42023,600 
Total current liabilities:    35,42023,600 
Noncurrent Liabilities
Other undisclosed liabilities2,007,4112,018,8322,030,5691,950,4081,926,0681,973,622
Total liabilities:2,007,4112,018,8322,030,5691,985,8281,949,6681,973,622
Equity
Equity, attributable to parent146,640155,429159,082149,098137,271157,351
Common stock17,98417,98417,98417,98417,98417,984
Additional paid in capital14,25314,25314,25314,25314,25314,253
Accumulated other comprehensive loss(66,321)(57,036)(53,252)(63,070)(72,913)(49,718)
Retained earnings180,724180,228180,097179,931177,947174,832
Total equity:146,640155,429159,082149,098137,271157,351
TOTAL LIABILITIES AND EQUITY:2,154,0512,174,2612,189,6512,134,9262,086,9392,130,973

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues18,85718,59617,24616,90315,94215,062
Net investment income18,76218,48717,19616,79815,80514,878
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (73)(212)   
Gross profit:18,85718,52317,03416,90315,94215,062
Operating expenses(3,154)(3,337)(3,080)(3,470)(3,090)(3,322)
Operating income:15,70315,18613,95413,43312,85211,740
Interest and debt expense(8,073)(7,185)(5,527)(4,005)(2,142)(1,242)
Income from continuing operations before equity method investments, income taxes:7,6308,0018,4279,42810,71010,498
Other undisclosed loss from continuing operations before income taxes(4,109)(4,980)(4,559)(3,925)(3,728)(4,275)
Income from continuing operations before income taxes:3,5213,0213,8685,5036,9826,223
Income tax expense(597)(464)(671)(1,091)(1,439)(2,030)
Income from continuing operations:2,9242,5573,1974,4125,5434,193
Income before gain (loss) on sale of properties:5,5434,193
Net income available to common stockholders, diluted:2,9242,5573,1974,4125,5434,193

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:2,9242,5573,1974,4125,5434,193
Comprehensive income:2,9242,5573,1974,4125,5434,193
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9,285)(3,784)9,8189,843(23,195)(18,779)
Comprehensive income (loss), net of tax, attributable to parent:(6,361)(1,227)13,01514,255(17,652)(14,586)

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.

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