{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013415","form_type":"8-K","ticker":"ATLO","cik":"0001132651","company_name":"AMES NATIONAL CORP","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.403021+00:00","generated_at":"2026-06-03T06:14:07.806773+00:00","sec_items":["1.01","2.03","5.07","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Ames National Corp enters $5M revolver, elects directors at annual meeting","bullets":["Entered $5M revolving credit facility maturing April 25, 2026; variable rate at prime minus 0.5% (initially 8.0%).","Facility secured by pledge of all shares of subsidiary Reliance State Bank; proceeds for working capital and corporate purposes.","Shareholders elected four directors: Lisa M. Eslinger, Everett S. Miles, John L. Pierschbacher, and Scot A. Trost for three-year terms.","Ratified FORVIS, LLP as independent auditor for 2024: 6.79M for, 18K against, 37K abstain.","Credit agreement includes financial covenants on Tier 1 Capital, return on assets, and substandard-impaired loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013415","json":"https://secwatch.observer/filing/0001437749-24-013415.json","markdown":"https://secwatch.observer/filing/0001437749-24-013415.md","text":"https://secwatch.observer/filing/0001437749-24-013415.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/0001437749-24-013415-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/atlo20240426_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:14:07.806773+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":"44457d694fe6b34fbae85b53819b42bd66499f5b","claim":"AMES NATIONAL CORP incurred revolving credit of up to five million dollars with Green Belt Bank & Trust of Iowa Falls, Iowa at variable rate equal to the Bank Prime Loan Rate, as published in the Federal Res maturing April 25, 2026.","evidence_excerpt":"On April 25, 2024, Ames National Corporation (the “Company”) entered into a promissory note and related business loan agreement (collectively, the “Credit Agreement”) with Green Belt Bank & Trust of Iowa Falls, Iowa (the “Lender”), providing for a revolving line of credit facility in an amount of up to five million dollars maturing on April 25, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/0001437749-24-013415-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to five million dollars"},{"label":"Counterparty","value":"Green Belt Bank & Trust of Iowa Falls, Iowa"},{"label":"Rate","value":"variable rate equal to the Bank Prime Loan Rate, as published in the Federal Res"},{"label":"Maturity","value":"April 25, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3e9d50492ff38ae319d49c8fb1053bb7a6192f88","claim":"AMES NATIONAL CORP entered into Credit Agreement with Green Belt Bank & Trust of Iowa Falls, Iowa valued at five million dollars (effective 2024-04-25).","evidence_excerpt":"On April 25, 2024, Ames National Corporation (the “Company”) entered into a promissory note and related business loan agreement (collectively, the “Credit Agreement”) with Green Belt Bank & Trust of Iowa Falls, Iowa (the “Lender”), providing for a revolving line of credit facility in an amount of up to five million dollars maturing on April 25, 2026.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/0001437749-24-013415-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Green Belt Bank & Trust of Iowa Falls, Iowa"},{"label":"Value","value":"five million dollars"},{"label":"Effective","value":"2024-04-25"}],"fact_type":"material_agreement"},{"claim_id":"68990b103c3c35d986de6800d03c09f815f130d0","claim":"AMES NATIONAL CORP shareholders approved Election of Directors for a three-year term at the 2024-04-24 meeting.","evidence_excerpt":"The voting results on the election of directors for a three-year term were as follows: In Favor Votes Withheld Broker Non-Votes Lisa M. Eslinger 3,645,838 253,254 2,942,797 Everett S. Miles 3,829,991 69,101 2,942,797 John L. Pierschbacher 3,669,699 229,393 2,942,797 Scot A. Trost 3,852,329 46,763 2,942,797","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/0001437749-24-013415-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-04-24"}],"fact_type":"shareholder_vote"},{"claim_id":"aca5d35628623cdf41f341450aac57fda493e7ad","claim":"AMES NATIONAL CORP shareholders approved Ratification of the appointment of FORVIS, LLP as the Company's independent registered public accounting firm for 2024 at the 2024-04-24 meeting.","evidence_excerpt":"The voting results on the ratification of the appointment of FORVIS, LLP as the Company’s independent registered public accounting firm were as follows: For Against Abstain 6,786,741 18,161 36,987","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1132651/000143774924013415/0001437749-24-013415-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-04-24"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}