secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001437749-21-023754
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ames National Q3 net income $6.7M, EPS $0.74 vs $0.62 YoY; 9-month EPS $2.04 vs $1.49
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- Q3 2021 net income $6.7M ($0.74/diluted share) vs $5.7M ($0.62) in Q3 2020; increase driven by lower interest expense and reduced loan loss provision.
- Net interest margin compressed to 2.97% from 3.21% YoY; net interest income rose 3% to $14.7M on lower deposit costs.
- Credit for loan losses of $94K vs provision of $541K in Q3 2020; net loan recoveries of $31K vs net charge-offs of $614K.
- Total assets $2.1B (+$186M YoY); deposits up 11% to $1.84B; PPP loans outstanding $14.8M.
- Repurchased 24,603 shares at avg $23.19 under April 2021 program; quarterly dividend maintained at $0.26/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774921023754/0001437749-21-023754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774921023754/atlo20211014_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-023754

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