secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001437749-22-009521
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ames National Q1 2022 net income $5.1M ($0.57 EPS), down 14.6% YoY from $6.0M
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- Net income $5.1M ($0.57 diluted EPS) vs $6.0M ($0.66) in Q1 2021, a 14.6% decline.
- Net interest margin fell to 2.55% from 2.86%; net interest income down 4% to $13.2M.
- PPP fee income dropped to $200K from $840K; nonaccrual interest income fell to $7K from $335K.
- Deposits grew 6% to $1.96B; stockholders' equity decreased to $176.7M due to unrealized investment losses.
- Quarterly dividend raised to $0.27 per share, payable May 13, 2022 to holders of record Apr 29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922009521/0001437749-22-009521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922009521/atlo20220420_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009521

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