Ames National Corporation's SEC filings document the reporting, governance and capital actions of an Iowa bank holding company. Form 8-K filings furnish earnings releases for quarterly and annual results, with disclosures tied to net interest income, funding costs, credit loss expense, loan balances, investment activity and other bank performance measures.
Proxy and annual-meeting filings cover director elections, advisory executive compensation votes, auditor ratification and shareholder voting results. Other filings and furnished exhibits address cash dividend declarations, stock repurchase authorization, summary annual reports, investor presentation materials, common-share voting information and related public-company governance matters.
Ames National Corporation reported stronger profitability for the three and six months ended June 30, 2026. Second-quarter net income was $5,931 thousand, up from $4,511 thousand a year earlier, with basic and diluted EPS of $0.67 versus $0.51. Six‑month net income rose to $11,891 thousand from $7,954 thousand, and EPS increased to $1.34 from $0.89. Net interest income improved to $16,382 thousand for the quarter and $31,813 thousand year‑to‑date, as higher interest and dividend income outpaced lower interest expense on deposits and borrowings.
At June 30, 2026, total assets were $2,122,898 thousand, slightly below year‑end 2025, as loans receivable, net, declined to $1,250,996 thousand while securities available‑for‑sale increased to $695,251 thousand. Total deposits were stable at $1,852,567 thousand. Stockholders’ equity increased to $213,093 thousand, aided by retained earnings, though accumulated other comprehensive loss deepened to $(20,423 thousand) driven by $27,917 thousand of gross unrealized losses on debt securities.
Asset quality shows pockets of pressure. Nonaccrual loans rose to $19,606 thousand from $15,133 thousand at year‑end, while the allowance for credit losses on loans stood at $17,307 thousand. The company’s modified Texas Ratio reached 29.2%, exceeding the amended 25% covenant threshold on its holding‑company line of credit; the lender waived this noncompliance. The company maintained FHLB advances of $16,5 million at a weighted average rate of 3.93% and paid off a separate $4.0 million term note in June 2026. Dividends declared totaled $0.48 per share for the first half of 2026, compared with $0.20 a year earlier.
On July 31, 2026, Ames National Corp director Michelle R. Cassabaum purchased 140 shares of Common Stock in a purchase classified as an open-market or private transaction at 30.2000 per share. Following this buy, her directly held position increased to 10,128 shares of Ames National common stock. The transaction was not reported as pursuant to a Rule 10b5-1 trading plan.
Ames National Corporation reported higher profitability for the quarter and six months ended June 30, 2026. Second quarter net income was $5.9 million, or $0.67 per share, up from $4.5 million, or $0.51 per share, a year earlier. For the first half of 2026, net income totaled $11.9 million, or $1.34 per share, compared with $8.0 million, or $0.89, in 2025. Return on average assets reached 1.11% for the quarter and 1.12% year-to-date, while return on average equity was 11.24% and 11.28%, respectively. Net interest income rose sharply, with net interest margin improving to 3.18% in the quarter and 3.10% for the six months, as higher yields on loans and securities combined with lower deposit and borrowing costs. The efficiency ratio improved to 58.52% in the quarter and 59.09% year-to-date.
Total assets were $2.12 billion and deposits $1.85 billion at June 30, 2026. Stockholders’ equity increased to $213.1 million, representing 10.0% of total assets, supported by reduced unrealized losses and retained earnings. Asset quality showed mixed trends: net charge-offs and credit loss expense declined versus 2025 and the allowance for credit losses was $17.3 million, or 1.36% of loans, but substandard loans rose to $50.7 million and loans past due 30 days or more increased to $22.5 million, largely tied to specific commercial real estate and agricultural relationships. The company declared a quarterly cash dividend of $0.24 per share, and the stock closed the quarter at $29.61, with a stated dividend yield of 3.24%.
Ames National Corp director Michelle R. Cassabaum reported an open-market purchase of 170 shares of Common Stock at a price of $28.83 per share. Following this transaction, she directly owns 9,988 shares of Ames National Corp common stock.
Ames National Corporation ownership disclosure: Fourthstone and related reporting persons report beneficial ownership of 683,250 shares of common stock, equal to 7.71% of the class based on 8,857,220 shares outstanding as of February 27, 2026. The filing states these shares were acquired in the ordinary course as an investment adviser and are not held to influence control.
Ames National Corporation declared a cash dividend of $0.24 per common share. The board approved this dividend on May 13, 2026.
The dividend will be paid on June 15, 2026 to shareholders recorded as owning shares at the close of business on June 1, 2026.
Ames National Corp director Patrick G. Hagan reported an open-market purchase of the company’s common stock. On May 15, 2026, he bought 200 shares at $27.69 per share. Following this transaction, Hagan directly holds 9,600 shares of Ames National Corp common stock.
Ames National Corp filed a Form 13F holdings report reporting 120 reported holdings entries with a total market value of $166,643,351. The filing lists First National Bank, Ames as an included manager and is signed by John P. Nelson (President/CEO) on 05-12-2026. This submission is a standard institutional holdings disclosure under Form 13F.
AMES NATIONAL CORP director Patrick G. Hagan made an open-market purchase of 100 shares of Common Stock at $27.65 per share. After this transaction, he directly holds 9,400 shares. This filing reflects a modest increase in his personal stake through a straightforward market buy.
Ames National Corporation reported stronger first-quarter 2026 results. Net income rose to $5.96 million from $3.44 million a year earlier, with earnings per share increasing to $0.67 from $0.39. Net interest income improved to $15.43 million, helped by lower interest expense and a $0.35 million credit loss benefit instead of a prior-year expense.
Noninterest income grew modestly, while operating expenses increased slightly. Rising market rates drove unrealized losses on available-for-sale securities, producing a $4.17 million other comprehensive loss and comprehensive income of $1.79 million. The securities portfolio carried $30.1 million of gross unrealized losses. Capital remained solid, with a consolidated total capital ratio of 16.1%. The company did not meet one modified Texas Ratio covenant on a $5 million line of credit, but the lender waived the noncompliance.