A Brief History of Ames National Corporation (ATLO)

Foundation and Early Years

Ames National Corporation (ATLO) was established in 1974 in Ames, Iowa. The company's primary purpose was to serve as a bank holding company, with its first subsidiary, Ames National Bank, being chartered shortly thereafter. Initially focusing on community banking, the bank aimed to provide personalized financial services to local customers.

Growth and Expansion

Throughout the 1980s and 1990s, Ames National Corporation expanded its portfolio by acquiring several community banks in central Iowa. By the year 2000, the corporation had grown to operate five banking subsidiaries:

• Ames National Bank
• Story County State Bank
• First National Bank of Omaha
• Hardin County Savings Bank
• State Bank of Toledo

As of December 31, 2022, Ames National Corporation reported total assets of approximately $646 million.

Market Position and Financial Performance

As of 2022, Ames National Corporation's stock was traded on the NASDAQ under the ticker symbol ATLO. The company's market capitalization was roughly $149.3 million and it generated a net income of approximately $5.9 million for the fiscal year ending December 31, 2022.

Recent Developments

In 2023, Ames National Corporation announced a dividend payout of $0.20 per share, maintaining a strong commitment to returning value to shareholders. The company’s return on equity (ROE) for the same period was reported at 8.18%.

Financial Overview

Community Involvement

Ames National Corporation is known for its commitment to community involvement and social responsibility. The corporation and its subsidiaries actively participate in various local initiatives and charities, supporting educational programs and health services.

A Who Owns Ames National Corporation (ATLO)

Overview of Ownership Structure

Ames National Corporation (ATLO) operates primarily within the financial services sector, focusing on banking and financial services through its subsidiaries. The ownership structure of ATLO is characterized by a diverse base of institutional and individual investors, with a significant emphasis on institutional ownership.

Institutional Ownership

As of the latest available data, institutional investors hold approximately 47.5% of the outstanding shares of Ames National Corporation. The following table depicts the major institutional shareholders and their respective ownership percentages:

Individual Ownership

Individual shareholders account for approximately 52.5% of the ownership of Ames National Corporation. The following list includes notable individual shareholders:

• Robert G. Cupp - Chief Executive Officer
• James L. Smith - Board Member
• Terri L. Doran - Board Member
• Thomas T. Wilson - Shareholder

Shareholder Composition

The composition of shareholders reflects an intricate balance between institutional influence and individual commitments. Below is a detailed table illustrating the shareholder composition:

Recent Stock Performance

The stock performance of Ames National Corporation has seen fluctuations in recent years. The following data represents the stock performance metrics:

Conclusion of Ownership Analysis

Ownership of Ames National Corporation is structured with a significant representation from institutional investors while individual investors also play a crucial role in the company's equity composition. The ongoing performance metrics, including stock price and market capitalization, indicate the company's standing in the market.

Ames National Corporation (ATLO) Mission Statement

Corporate Mission

Ames National Corporation, established in 1973, operates with a mission to deliver exceptional customer service while providing a range of financial services through its subsidiaries. The focus remains on maintaining strong community relations and fostering growth within the communities it serves.

Core Values

• Integrity: Upholding transparency and honesty in all interactions.
• Community: Commitment to community involvement and development.
• Customer Focus: Striving to meet the financial needs of each customer.
• Excellence: Pursuing the highest standards in service and professionalism.

Financial Highlights

As of the latest financial statements, Ames National Corporation reported the following key figures:

Subsidiaries and Services

Ames National Corporation operates through several subsidiaries offering a variety of banking services including:

• Commercial Banking: Providing loans and deposit services to businesses.
• Consumer Banking: Offering savings accounts, personal loans, and mortgages.
• Investment Services: Financial planning and investment management.
• Insurance Services: Life, health, and property insurance.

Recent Achievements

In 2022, Ames National Corporation achieved significant milestones:

• Expanded into two new markets, enhancing its geographic footprint.
• Increased customer base by 12%, reflecting a strong demand for its services.
• Ranked #1 in customer satisfaction among regional banks in its operating areas.

Future Goals

The mission statement emphasizes continuous improvement and adaptation to changing market dynamics. The company aims to:

• Enhance digital banking capabilities by investing $5 million in technology upgrades.
• Achieve a 15% growth in net income over the next three years.
• Increase community giving by 20% to support local initiatives.

Commitment to Sustainability

Ames National Corporation is committed to sustainable practices by:

• Implementing energy-efficient solutions in its branch locations.
• Promoting paperless transactions to reduce environmental impact.
• Engaging in community clean-up events and financial literacy programs.

Conclusion

The mission statement of Ames National Corporation reflects a deep commitment to its customers and the communities it serves, reinforced by solid financial performance and strategic growth initiatives.

How Ames National Corporation (ATLO) Works

Company Overview

Ames National Corporation, trading under the ticker symbol ATLO, is a financial holding company based in Ames, Iowa. The corporation primarily provides commercial banking services through its subsidiary, which includes a variety of financial products and services.

Financial Performance

As of the latest fiscal year ended December 31, 2022, Ames National Corporation reported the following financial figures:

Business Segments

Ames National Corporation operates through different business segments, which include:

• Commercial Banking
• Consumer Banking
• Wealth Management
• Mortgage Services

Geographical Presence

The company primarily serves the Central Iowa region, with a strong presence in the following counties:

• Story County
• Boone County
• Marshall County
• Hardin County

Regulatory Environment

Ames National Corporation is heavily regulated by various financial authorities, such as:

• The Federal Reserve
• The Office of the Comptroller of the Currency (OCC)
• The Federal Deposit Insurance Corporation (FDIC)

Stock Performance

As of October 2023, the stock price of ATLO was approximately $24.50, reflecting a year-to-date performance:

Risk Management

The corporation employs a robust risk management framework which includes:

• Credit Risk Assessment
• Liquidity Management
• Operational Risk Controls
• Market Risk Evaluation

Community Involvement

Ames National Corporation emphasizes community involvement through various initiatives:

• Local Sponsorships
• Financial Literacy Programs
• Partnerships with Community Organizations

Recent Developments

In 2023, Ames National Corporation announced a strategic plan for expansion, which includes opening additional branches and enhancing digital banking services.

Conclusion

As a key player in the regional banking sector, Ames National Corporation continues to demonstrate financial stability and growth potential in a competitive environment.

How Ames National Corporation (ATLO) Makes Money

Overview of Business Operations

Ames National Corporation operates primarily in the financial services sector through its wholly-owned banking subsidiaries. These banks provide a range of financial products and services including retail banking, commercial banking, and mortgage lending.

Revenue Streams

The company's revenue is generated through diverse streams:

• Interest Income: Primarily from loans and investments.
• Non-Interest Income: Fees from services such as deposit accounts, investment management, and commissions.
• Other Income: Gains from securities sales and other financial activities.

Financial Performance Metrics

As of the latest fiscal year ending 2023, Ames National Corporation reported the following key financial metrics:

Interest Income Breakdown

The interest income from loans and investments constitutes a significant portion of revenue:

Non-Interest Income Sources

The non-interest income is derived from various service fees and commissions, amounting to approximately:

Investment Strategy

Ames National Corporation employs a conservative investment strategy focusing on:

• Investment Grade Securities: Which provide stable returns.
• Dividend-Paying Stocks: Offering consistent income streams.
• Real Estate Investments: Contributing to overall portfolio diversity.

Cost Management

Effective management of operational costs is crucial. In 2023, the company reported total operating expenses of:

Market Position

Ames National Corporation competes in a regional banking market. The company has a market share of approximately 8% in Iowa, making it one of the prominent players in the local banking landscape. As of mid-2023, Ames National Corporation operates 6 branches across the state.

Future Growth Potential

Future revenue growth is expected to come from:

• Expansion of Loan Products: Targeting small businesses and consumer lending.
• Digital Banking Services: Enhancing online banking capabilities.
• Strategic Partnerships: Collaborating with fintech firms to boost service offerings.