secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0001437749-22-024531
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922024531/0001437749-22-024531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922024531/atlo20221020_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024531

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