{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-010813","form_type":"8-K","ticker":"ATLO","cik":"0001132651","company_name":"AMES NATIONAL CORP","filed_at":"2023-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.025235+00:00","generated_at":"2026-06-16T21:08:40.078470+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ames National Q1 2023 net income $3.2M ($0.36/sh), down 38% YoY from $5.1M ($0.57/sh)","bullets":["Net interest margin fell to 2.23% from 2.55% YoY; net interest income $11.7M, down 11%.","Deposit interest expense surged $3.8M due to Fed rate hikes; credit loss expense $212K vs benefit last year.","Noninterest income down 12% to $2.3M; efficiency ratio worsened to 70.7% from 59.7%.","Deposits $1.90B, down 3% YoY; borrowed $75M from Federal Reserve BTFP as of March 31.","Quarterly dividend $0.27/sh payable May 15, 2023; book value $17.69."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-010813","json":"https://secwatch.observer/filing/0001437749-23-010813.json","markdown":"https://secwatch.observer/filing/0001437749-23-010813.md","text":"https://secwatch.observer/filing/0001437749-23-010813.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1132651/000143774923010813/0001437749-23-010813-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1132651/000143774923010813/atlo20230420_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:08:40.078470+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6fadecd26b1fb0c9030851927eb827638dd94561","claim":"AMES NATIONAL CORP reported the first quarter of 2023 results: net income $3.2 million, EPS $0.36 per share.","evidence_excerpt":"Ames National Corporation (Nasdaq: ATLO; the “Company”) today reported net income for the first quarter of 2023 of $3.2 million, or $0.36 per share, compared to $5.1 million, or $0.57 per share, earned in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1132651/000143774923010813/0001437749-23-010813-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Net income","value":"$3.2 million"},{"label":"EPS","value":"$0.36 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}