---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031552"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:43:13.416379+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ames National Q3 net income falls 24% to $2.2M; credit loss expense and consultant fees weigh

## Summary
- Q3 net income $2.2M ($0.25 EPS) vs $2.9M ($0.33) a year ago; 9-month EPS $0.75 vs $0.97.
- Net interest margin improved to 2.21% from 2.11%, but noninterest expense rose 7.2% partly due to $449K consultant fees.
- Credit loss expense of $371K in Q3 vs a benefit of $274K in prior-year quarter; total reserve at 1.34% of loans.
- Loans grew 5.2% to $1.30B; substandard loans increased to $28.3M from $24.0M.
- Quarterly cash dividend maintained at $0.20/share, payable Nov 15, 2024 to holders of record Nov 1.

## SEC filing metadata
- accession: 0001437749-24-031552
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774924031552/0001437749-24-031552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774924031552/atlo20240820_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031552
- JSON: https://secwatch.observer/filing/0001437749-24-031552.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031552.txt

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