secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001437749-25-012286
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ames National Q1 net income up 49% to $3.4M; EPS $0.39 vs $0.26 YoY
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- Net income $3.4M ($0.39 per share) vs $2.3M ($0.26) in Q1 2024, a 49% increase.
- Net interest income $12.9M (+18.4% YoY); net interest margin improved to 2.53% from 2.13%.
- Credit loss expense $962K (vs $169K) on specific commercial loan reserve; substandard loans rose to $32.4M.
- Loans $1.31B (+2.6% YoY); deposits $1.91B (+1.8% YoY); borrowings reduced to $35.8M from $90.3M.
- Cash dividend $0.20/share declared for June 13; new policy to declare and pay dividends same quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774925012286/0001437749-25-012286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774925012286/atlo20241212_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-012286

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer