Ames National Corporation (ATLO)

Ames National Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	63.95	56.81	45.96	47.83	50.47	44.28
Interest Income on Investments	17.27	17.49	15.6	12.65	12.47	11.9
Total Interest Income	81.21	74.3	61.55	60.48	62.94	56.18
Interest Paid on Deposits	31.29	24.47	7.32	4.34	7.82	10.2
Interest Paid on Borrowings	6.1	5.21	0.99	0.14	0.28	0.73
Total Interest Expense	37.39	29.68	8.31	4.49	8.1	10.93
Net Interest Income	43.82	44.63	53.24	56	54.84	45.25
Net Interest Income Growth (YoY)	-5.67%	-16.19%	-4.92%	2.10%	21.20%	7.42%
Trust Income	5.06	4.65	4.94	4.45	3.85	3.6
Gain (Loss) on Sale of Investments	-0.93	-0.73	-0.72	-0.62	-0.21	-0.56
Other Non-Interest Income	4.14	4.17	4.11	4.39	4.23	3.97
Total Non-Interest Income	8.73	8.45	8.93	9.9	9.98	8.05
Non-Interest Income Growth (YoY)	0.98%	-5.42%	-9.76%	-0.83%	24.02%	1.86%
Revenues Before Loan Losses	52.55	53.07	62.18	65.9	64.82	53.3
Provision for Loan Losses	1.48	0.79	-0.87	-0.76	5.68	1.31
Revenue	51.07	52.28	63.05	66.65	59.14	51.98
Revenue Growth (YoY)	-7.53%	-17.08%	-5.40%	12.70%	13.78%	5.26%
Salaries and Employee Benefits	24.88	23.66	22.91	22.28	22.87	19.68
Occupancy Expenses	2.93	2.97	2.95	2.66	2.67	2.28
Federal Deposit Insurance	1.17	1.1	0.61	0.58	0.31	0.19
Amortization of Goodwill & Intangibles	0.37	0.5	0.57	0.63	0.83	0.61
Selling, General & Administrative	10.17	9.43	9.47	8.68	7.8	7.13
Other Non-Interest Expense	1.17	1.74	1.39	1.15	1.44	1.06
Total Non-Interest Expense	40.69	39.4	37.89	35.98	35.91	30.94
EBT Excluding Unusual Items	10.38	12.89	25.16	30.67	23.23	21.04
Pretax Income	10.38	12.89	25.16	30.67	23.23	21.04
Income Tax Expense	1.54	2.07	5.87	6.76	4.38	3.85
Net Income	8.84	10.82	19.29	23.91	18.85	17.19
Net Income to Common	8.84	10.82	19.29	23.91	18.85	17.19
Net Income Growth	-32.44%	-43.93%	-19.32%	26.86%	9.63%	1.06%
Basic Shares Outstanding	9	9	9	9	9	9
Diluted Shares Outstanding	9	9	9	9	9	9
Shares Change (YoY)	0.00%	-0.46%	-0.89%	-0.37%	-0.96%	-0.79%
EPS (Basic)	0.98	1.20	2.14	2.62	2.06	1.86
EPS (Diluted)	0.98	1.20	2.14	2.62	2.06	1.86
EPS Growth	-32.44%	-43.68%	-18.60%	27.33%	10.69%	1.86%
Dividend Per Share	1.010	1.080	1.080	1.040	1.000	0.960
Dividend Growth	-6.48%	0%	3.85%	4.00%	4.17%	4.35%
Effective Tax Rate	14.81%	16.08%	23.32%	22.04%	18.86%	18.29%

Source: S&P Capital IQ. Banks template. Financial Sources.