Ames National Corp. Files 2024 10-K
Ticker: ATLO · Form: 10-K · Filed: Mar 12, 2025 · CIK: 1132651
| Field | Detail |
|---|---|
| Company | Ames National CORP (ATLO) |
| Form Type | 10-K |
| Filed Date | Mar 12, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, annual-report
TL;DR
AMES 2024 10-K filed: $18B assets, $8.9M net income. All good.
AI Summary
Ames National Corporation filed its 10-K for the fiscal year ending December 31, 2024. The company reported total assets of $18,000,000,000 and net income of $8,949,110. The filing also details interest receivable and notes receivable net, with specific figures for the fiscal years 2021 through 2024.
Why It Matters
This filing provides a comprehensive overview of Ames National Corporation's financial performance and position for the fiscal year 2024, offering insights into its assets, liabilities, and income to investors and analysts.
Risk Assessment
Risk Level: low — The filing is a standard annual report with no immediate red flags or significant negative trends indicated in the provided snippet.
Key Numbers
- $18.0B — Total Assets (Represents the company's total asset value as of the fiscal year end 2024.)
- $8.95M — Net Income (Indicates the company's profitability for the fiscal year 2024.)
- 1.08 — EPS (Diluted) (Earnings per share for the fiscal year 2024.)
Key Players & Entities
- AMES NATIONAL CORP (company) — Filer of the 10-K
- 20241231 (date) — Fiscal year end
- 18,000,000,000 (dollar_amount) — Total assets
- 8,949,110 (dollar_amount) — Net income
FAQ
What was the total revenue for Ames National Corporation in fiscal year 2024?
The provided snippet does not explicitly state the total revenue for fiscal year 2024. It focuses on assets, net income, and EPS.
How did the credit loss expense compare to the benefit for off-balance sheet credit exposures?
The difference in credit loss expense was associated with a credit loss benefit of $143 thousand related to off-balance sheet credit exposures.
What is the significance of the 'portfolio layer method basis adjustments' mentioned?
These adjustments are related to loans hedged in a closed portfolio and impact the net loan balance without being allocated to individual loans.
What were the reported net income figures for the past three fiscal years (2021-2023)?
The filing snippet shows net income figures of $8,992,167 for 2023, $8,949,110 for 2024, but does not explicitly list the figures for 2021 and 2022 in this section.
What is the primary business of Ames National Corporation?
Ames National Corporation is classified under 'NATIONAL COMMERCIAL BANKS' with SIC code 6021.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 12, 2025 regarding AMES NATIONAL CORP (ATLO).