ATLO Ames National Corporation featured news, full reports, and detailed charts
Ames National Corporation (ATLO) Wrap Up:
Ames National Corporation (the "Company") is an Iowa corporation and bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company owns 100% of the stock of five banking subsidiaries consisting of two national banks and three state-chartered banks, as described below. All of the Company’s operations are conducted in the State of Iowa and primarily within the central Iowa counties of Boone, Marshall, Polk and Story where the Company’s banking subsidiaries are located. The Company does not engage in any material business activities apart from its ownership of its banking subsidiaries. The principal executive offices of the Company are located at 405 Fifth Street, Ames, Iowa 50010 and its telephone number is (515) 232-6251. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001140361-08-006822.html#FIS_BUSINESS"Ames National Corporation (ATLO:NASDAQ)
Snapshot of Ames National Corporation (ATLO)
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OPEN
$19.15
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PREVIOUS CLOSE
$19.25
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DAY HIGH
$19.57
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DAY LOW
$19.15
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52 WEEK HIGH
01/14/09 - $28.79
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52 WEEK LOW
03/11/09 - $14.87
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MARKET CAP
181.9M
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AVERAGE VOLUME 3 mo
9.9K
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DILUTED EPS TTM
$0.95
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SHARES OUTSTANDING
9.4M
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EX-DATE
01/28/10
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P/E TTM
20.3x
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DIVIDEND
$0.40
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DIVIDEND YIELD
2.07%
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ATLO Top Compensated Officers
Executives, Board Directors
Key developments for Ames National Corporation (ATLO)
Ames National Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported that net income totaled $2,409,000, or $0.26 per share, compared to $1,867,000, or $0.20 per share, for the same period in 2008. The higher quarterly earnings can be primarily attributed to decreased write downs associated with the other-than-temporary impairment of investment securities and lower provision expense for loan losses. Net interest income decreased $190,000, or 2.6%, compared to the same period in 2008. This decrease is primarily the result of lower yields on interest earning assets and a decline in the average loan balances, offset in part by lower cost of funds on deposits and other borrowings. Return on average assets was 1.08% for the quarter ended June 30, 2009 compared to 0.85% for the same period in 2008. Return on average equity was 9.09% for the quarter ended June 30, 2009, compared to the 6.70% for the same period in 2008. The company announced total interest income of $9,826,268 and income before income taxes of $3,031,430 compared to the total interest income of $11,537,705 and income before income taxes of $2,254,098 for the same period a year ago. For the six months ended June 30, 2009, net income for the Company totaled $4,850,000, or $0.51 per share, compared to $4,768,000, or $0.51 per share, for the same period in 2008. While the level of net income remained relatively stable, certain non-interest income and non-interest expense items incurred significant changes. Net interest income increased $26,000, or 0.2% for the six months ended June 30, 2009, compared to the same period in 2008. This increase is primarily the result of lower costs of funds on deposits and other borrowings, offset in part by lower yields on interest earning assets and a decline in the average loan balances. Return on average assets was 1.12% for the six months ended June 30, 2009 compared to 1.09% for the same period in 2008. Return on average equity was 9.20% for the six months ended June 30, 2009, compared to the 8.54% for the same period in 2008. The company announced total interest income of $19,943,740 and income before income taxes of $6,188,886 compared to the total interest income of $23,551,967 and income before income taxes of $6,268,988 for the same period a year ago. Impairment of securities for the quarter ended June 30, 2009 of $7,000 related to a corporate bond issue of MGIC Investment Corporation. During the same period of 2008, the Company had other-than-temporary impairments of investment securities of $2,328,000 related to FNMA and FHLMC preferred stock and a corporate bond issue of MGIC Investment Corporation.
Ames National Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net income of $2,441,140 or basic and diluted earnings per share of $0.26 on total interest income of $10,117,472 compared to net income of $2,900,628 or basic and diluted earnings per share of $0.31 on total interest income of $12,014,263 for the same period a year ago. The company reported income before income taxes of $3,157,456 compared to income before income taxes of $4,014,890 for the same period a year ago. The company reported net interest income after provision for loan losses of $6,977,904 compared to net interest income after provision for loan losses of $6,881,371 for the same period a year ago. The lower quarterly earnings can be primarily attributed to increased FDIC deposit insurance assessments, increased other real estate owned costs and security losses. Return on average assets was 1.15% compared to 1.33% for the same period in 2008. Return on average equity was 9.32% compared to the 10.38% posted a year ago.
Ames National Corporation, Annual General Meeting, Apr 29, 2009, at 16:30 US Central Time. Location: Reiman Gardens, 1407 University Boulevard, Ames, Iowa, United States. Agenda: To elect four members of the board of directors; and to consider such other business as may properly be brought before the meeting.
ATLO Competitors
| Company | Last | Change |
| The Bank of Kentucky Financial Corp | $21.29 USD | +0.68 |
| Hawthorn Bancshares Inc | $10.02 USD | 0.00 |
| HF Financial Corp | $9.00 USD | -0.75 |
| Horizon Bancorp | $14.85 USD | -0.15 |
| Indiana Community Bancorp | $8.25 USD | +0.05 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ATLO | Industry Range |
| Price/Earnings | 20.3x |
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| Price/Sales | 4.1x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 20.2x |
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| TEV/Sales | 1.1x |
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ATLO |
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More Recent News About Ames National Corporation
More news for ATLO
AMES NATIONAL CORP Files SEC form 10-Q, Quarterly Report
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Ames National Corporation is a bank holding company established in 1975 that owns and operates five bank subsidiaries in central Iowa. The following discussion is provided for the consolidated operations of the Company and its Banks, First National Bank, Ames, Iowa (First National), State Bank & Trust Co. (State Bank), Boone Bank & Trust Co. (Boone Bank), Randall-Story State Bank (Randall-Story Bank) and United Bank & Trust NA (United Bank). The purpose of this discussion is to focus on significant factors affecting the Company's financial condition and results of operations. The Company does not engage in any material business activities apart from its ownership of the Banks. Products and services offered by the Banks are for commercial and consumer purposes including loans, deposits and trust services. The Banks also offer investment services through a third-party broker dealer. The Company employs twelve individuals to assist with financial reporting, human resources, audit, compliance, marketing, technology systems and the coordination of management activities, in addition to 177 full-time equivalent individuals employed by the Banks. The Company's primary competitive strategy is to utilize seasoned and competent Bank management and local decision making authority to provide customers with faster response times and more flexibility in the products and services offered. This strategy is viewed as providing an opportunity to increase revenues through creating a competitive advantage over other financial institutions. The Company also strives to remain operationally efficient to provide better profitability while enabling the Company to offer more competitive loan and deposit rates. The principal sources of Company revenues and cash flow are: (i) interest and fees earned on loans made by the Banks; (ii) securities gains and dividends on equit...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
Show all filings for AMES NATIONAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMES NATIONAL CORP 17-Apr-2009Results of Operations and Financial Condition, Financial Statements and Exhibi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Ames National Corporation (Company) is a bank holding company established in 1975 that owns and operates five bank subsidiaries (Banks) in central Iowa. The following discussion is provided for the consolidated operations of the Company and its Banks, First National, State Bank, Boone Bank, Randall-Story Bank and United Bank. The purpose of this discussion is to focus on significant factors affecting the Company's financial condition and results of operations. The Company does not engage in any material business activities apart from its ownership of the Banks and managing its own bond and equity portfolio. Products and services offered by the Banks are for commercial and consumer purposes, including loans, deposits and trust services. The Banks also offer investment services through a third-party broker dealer. The Company employs twelve individuals to assist with financial reporting, human resources, marketing, audit, compliance, technology systems and the coordination of management activities, in addition to 180 full-time equivalent individuals employed by the Banks. The Company's primary competitive strategy is to utilize seasoned and competent Bank management and local decision-making authority to provide customers with prompt response times and flexibility in the products and services offered. This strategy is viewed as providing an opportunity to increase revenues through creating a competitive advantage over other financial institutions. The Company also strives to remain operationally efficient to improve profitability while enabling the Banks to offer more competitive loan and deposit rates. The principal sources of Company revenues and cash flow are: (i) interest and fees earned on loans made by the Banks; (ii) service charges on deposit accounts maintained at the Banks; (iii) interest on fixed income investments held by the Company and the Ba...Click here to read the whole Article (external link)
EnerSys, American Dental Partners and Cyberonics lead small-cap percentage losers
Price at 9:08 ET Change % Change Volume Year High Year Low ENS ENERSYS -8.4% 20.31 19.60 1,336.0k 30.02 5.71 ADPI AMERICAN DENTAL PARTNERS -7.4% 12.50 11.90 289.1k 14.17 5.86 CYBX CYBERONICS INC -6.4% 17.28 16.24 555.6k 26.60 9.84 ISRL ISRAMCO INC -6.4% 123.51 123.51 0.1k 154.00 19.20 IEC IEC ELECTRS CORP NEW -6.4% 6.10 5.78 165.8k 7.69 1.00 WATG WONDER AUTO TECHNOLOGY INC -6.3% 10.40 9.53 410.8k 12.83 2.04 DEST DESTINATION MATERNITY ...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Ames National Corporation is a bank holding company established in 1975 that owns and operates five bank subsidiaries in central Iowa. The following discussion is provided for the consolidated operations of the Company and its Banks, First National Bank, Ames, Iowa (First National), State Bank & Trust Co. (State Bank), Boone Bank & Trust Co. (Boone Bank), Randall-Story State Bank (Randall-Story Bank) and United Bank & Trust NA (United Bank). The purpose of this discussion is to focus on significant factors affecting the Company's financial condition and results of operations. The Company does not engage in any material business activities apart from its ownership of the Banks. Products and services offered by the Banks are for commercial and consumer purposes including loans, deposits and trust services. The Banks also offer investment services through a third-party broker dealer. The Company employs twelve individuals to assist with financial reporting, human resources, audit, compliance, marketing, technology systems and the coordination of management activities, in addition to 182 full-time equivalent individuals employed by the Banks. The Company's primary competitive strategy is to utilize seasoned and competent Bank management and local decision making authority to provide customers with faster response times and more flexibility in the products and services offered. This strategy is viewed as providing an opportunity to increase revenues through creating a competitive advantage over other financial institutions. The Company also strives to remain operationally efficient to provide better profitability while enabling the Company to offer more competitive loan and deposit rates. Index The principal sources of Company revenues and cash flow are: (i) interest and fees earned on loans made by the Banks; (ii) securi...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for AMES NATIONAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMES NATIONAL CORP 17-Jul-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for info...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for AMES NATIONAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMES NATIONAL CORP 16-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for in...Click here to read the whole Article (external link)
Equity Analyst Debate - Northeastern and Mid-Atlantic Community And Regional Banks: North vs. South
67 WALL STREET, New York - October 13, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK); W...Click here to read the whole Article (external link)
AMES NATIONAL CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue11,768 11,307 11,497 15,664 Cost of Revenue1,966 2,183 2,442 2,844 Gross Profit - 9,124 9,055 12,820 Operating ExpensesResearch Development - - - - Selling General and Administrative5,518 5,964 4,400 4,735 Non Recurring(30)(397)427 12,054 Others540 49 603 (6,590)Total Operating Expenses - - - - Operating Income or Loss - 3,508 3,626 2,622 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes3,774 3,508 3,626 2,622 Interest Expense454 476 468 507 Income Before Tax3,320 3,031 3,157 2,115 Income Tax Expense747 623 716 538 Minority Interest - - - - Net Income From Continuing Ops2,574 2,409 2,441 1,577 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes ...Click here to read the whole Article (external link)
AMES NATIONAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Ames National Corporation (the "Company") is a bank holding company established in 1975 that owns and operates five bank subsidiaries in central Iowa (the "Banks"). The following discussion is provided for the consolidated operations of the Company and its Banks, First National Bank, Ames, Iowa (First National), State Bank & Trust Co. (State Bank), Boone Bank & Trust Co. (Boone Bank), Randall-Story State Bank (Randall-Story Bank) and United Bank & Trust NA (United Bank). The purpose of this discussion is to focus on significant factors affecting the Company's financial condition and results of operations. Index The Company does not engage in any material business activities apart from its ownership of the Banks. Products and services offered by the Banks are for commercial and consumer purposes including loans, deposits and trust services. The Banks also offer investment services through a third-party broker dealer. The Company employs twelve individuals to assist with financial reporting, human resources, audit, compliance, marketing, technology systems and the coordination of management activities, in addition to 180 full-time equivalent individuals employed by the Banks. The Company's primary competitive strategy is to utilize seasoned and competent Bank management and local decision making authority to provide customers with faster response times and more flexibility in the products and services offered. This strategy is viewed as providing an opportunity to increase revenues through creating a competitive advantage over other financial institutions. The Company also strives to remain operationally efficient to provide better profitability while enabling the Company to offer more competitive loan and deposit rates. The principal sources of Company revenues and cash flow are: (i) inte...Click here to read the whole Article (external link)