Ames National Corp (NASDAQ: ATLO) reports $168.4M in 13F holdings

Rhea-AI Filing Summary

Ames National Corp filed a Form 13F reporting institutional holdings held on behalf of the manager and an included sub‑manager. The Form 13F Information Table lists 128 entries with an aggregate market value of $168,444,570. The filing was signed by John P. Nelson, President/CEO, on 11-12-2025. The report lists First National Bank, Ames, Iowa as an other included manager.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 09-30-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	AMES NATIONAL CORP
Address:	PO BOX 846
	AMES, IA 50010
Form 13F File Number:	028-25350
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		John P. Nelson
Title:		President/CEO
Phone:		515-620-5917
Signature, Place, and Date of Signing:
/s/ John P. Nelson			Ames, IA	11-12-2025
[Signature]			[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		1
	Form 13F Information Table Entry Total:		128
	Form 13F Information Table Value Total:		168,444,570
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	First National Bank, Ames, Iowa	028-25528			0002058589

FAQ

What does Ames National Corp's Form 13F show for ATLO?

The Form 13F lists holdings managed by Ames National Corp with 128 entries totaling $168,444,570. The filing was signed by John P. Nelson on 11-12-2025 and lists First National Bank as an included manager.

How many holdings and what total value does the 13F report show?

The report shows 128 Form 13F information table entries with a total market value of $168,444,570. These figures appear on the Form 13F Summary Page as reported by the filing manager.

Who certified the Form 13F for Ames National Corp and when?

The filing is signed and certified by John P. Nelson, President/CEO, with signature dated 11-12-2025. The certification attests the filings are true, correct, and complete.

Does the 13F include other reporting managers?

Yes. The filing lists one other included manager: First National Bank, Ames, Iowa (Form 13F File No. 028-25528) as part of the consolidated report.

What is the Form 13F file number for Ames National Corp?

Ames National Corp's Form 13F file number is 028-25350. That identifier appears on the cover section of the filing and is used for SEC reporting purposes.