secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001437749-25-023002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ames National Q2 net income doubles to $4.5M ($0.51/share) on margin expansion
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- Net income $4.5M ($0.51 diluted EPS) vs $2.2M ($0.24) in Q2 2024; six-month NI $7.95M ($0.89) vs $4.49M ($0.50).
- Net interest margin improved to 2.65% from 2.14% YoY; efficiency ratio fell to 64.34% from 79.61%.
- Net loan charge-offs $1.1M in Q2 (commercial loan relationship reserved in Q1); credit loss expense $108K vs $182K.
- No dividend declared in Q2; paid $0.20/share from prior declaration; repurchased 16,868 shares at avg $16.48.
- Borrowings reduced to $30.7M from $85.9M; equity grew to $193M due to lower unrealized losses and retained earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774925023002/0001437749-25-023002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774925023002/atlo20250527_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-023002

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