Ames National(NASDAQ) ATLO

Ames National Corporation NASDAQ:ATLO helps people in Iowa manage their money. Its banks provide loans for homes, farms, and businesses. They also offer safe accounts for savings and daily spending.

Services for Local Communities

• Loans: Provides short-term and long-term financing for commercial, agricultural, and residential real estate needs.
• Deposit Accounts: Offers checking, savings, money market accounts, and certificates of deposit for local residents.
• Wealth Management: Delivers financial planning, trust management, and investment brokerage services through specific bank locations.
• Cash Management: Supports businesses with merchant credit card processing, wire transfers, and electronic deposit services.

Recent Strategic Steps

• Operated six bank subsidiaries across central and north-central Iowa.
• Invested $600,000 in consultant fees for contract negotiations during the six-month period ended June 30, 2026.
• Grew wealth management income through increased assets under management and higher estate fees.

What Makes the Company Different

Ames National uses local management to make fast decisions on loans and services. This strategy helps the company offer competitive rates while maintaining high profitability.

The Financial Scorecard

• Net income reached $5.9 million for the three months ended June 30, 2026.
• Interest income was $23.4 million for the three months ended June 30, 2026, up 8.4% year over year.
• Total assets were $2.12 billion as of June 30, 2026.
• The efficiency ratio was 58.52% for the second quarter of 2026 compared to 64.34% for the second quarter of 2025.

Bottom Line

Ames National has evolved from a basic holding company into a diversified regional banking network. Its focus on local decision-making and wealth management supports its position in the Iowa financial market.