---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024531"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T01:51:49.630370+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ames National Q3 net income $5.5M ($0.62/share), down from $6.7M in 2021

## Summary
- Net income $5.5M ($0.62 per share) vs $6.7M ($0.74) in Q3 2021; nine months $14.9M vs $18.6M.
- Net interest margin narrowed to 2.63% from 2.97%, pressured by lower PPP fees and higher deposit costs.
- Credit for loan losses of $520K in Q3 2022, reflecting improved portfolio quality and lower specific reserves.
- Quarterly dividend maintained at $0.27 per share, payable Nov 15, 2022 to holders of record Nov 1.
- Total assets flat at $2.09B; equity fell to $137.3M from $210.4M due to unrealized investment losses.

## SEC filing metadata
- accession: 0001437749-22-024531
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774922024531/0001437749-22-024531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774922024531/atlo20221020_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024531
- JSON: https://secwatch.observer/filing/0001437749-22-024531.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024531.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.