Last $23.06 USD
Change Today -0.23 / -0.99%
Volume 8.6K
ATLO On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

ames national corp (ATLO) Snapshot

Open
$23.26
Previous Close
$23.29
Day High
$23.26
Day Low
$22.71
52 Week High
07/1/14 - $24.37
52 Week Low
02/7/14 - $20.24
Market Cap
214.7M
Average Volume 10 Days
15.8K
EPS TTM
$1.57
Shares Outstanding
9.3M
EX-Date
10/29/14
P/E TM
14.7x
Dividend
$0.72
Dividend Yield
2.95%
Current Stock Chart for AMES NATIONAL CORP (ATLO)

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ames national corp (ATLO) Details

Ames National Corporation operates as the bank holding company for First National Bank that provides commercial banking services primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk, and Story. It offers a range of deposits, including checking accounts, savings accounts, money market accounts, demand deposits, and certificates of deposit; and loans comprising short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans, and mortgage loans for sale into the secondary market, as well as agricultural and business operating loans and lines of credit. The company also provides cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit of payroll and social security checks, and automated teller machine access, as well as automatic drafts for various accounts. In addition, it offers farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and trust services. The company was founded in 1903 and is headquartered in Ames, Iowa.

210 Employees
Last Reported Date: 03/12/14
Founded in 1903

ames national corp (ATLO) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $271.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $194.8K
President of First National Bank and Director...
Total Annual Compensation: $177.2K
President of Boone Bank & Trust Co and Direct...
Total Annual Compensation: $153.2K
President of State Bank & Trust Co and Direct...
Total Annual Compensation: $135.4K
Compensation as of Fiscal Year 2013.

ames national corp (ATLO) Key Developments

Ames National Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Off of Third Quarter Ended September 30, 2014

Ames National Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $10,120,151 against $9,750,476 for the same period in the last year. Net interest income was $9,017,619 against $8,511,141 for the same period in the last year, due primarily to an increase in the average balance of real estate loans and higher yields on taxable securities available-for-sale. Net income before income taxes was $5,124,742 against $6,007,983 for the same period in the last year. Net income was $3,731,486 against $3,712,067 for the same period in the last year. Basic and diluted earnings per common share were $0.40 against $0.40 for the same period in the last year. Return on average equity was 9.73% against 10.77% for the same period in the last year. Return on average assets was 1.20% against 1.24% for the same period in the last year. The increase in net interest income led to an improvement in the company's net interest margin to 3.32% as compared to 3.28% for the quarter ended September 30, 2013. For the nine months, the company reported total interest income of $30,186,339 against $28,528,380 for the same period in the last year. Net interest income was $26,730,759 against $24,702,754 for the same period in the last year, due primarily to an increase in the average balance of real estate loans and higher yields on taxable securities available-for-sale. This improvement in interest income led to an improvement in the company's net interest margin to 3.29% as compared to 3.16% for the nine months ended September 30, 2013. Net income before income taxes was $16,704,554 against $14,100,725 for the same period in the last year. Net income was $12,112,500 against $10,575,697 for the same period in the last year. Basic and diluted earnings per common share were $1.30 against $1.14 for the same period in the last year. Return on average equity was 10.78% against 9.86% for the same period in the last year. Return on average assets was 1.29% against 1.15% for the same period in the last year. For the quarter, the company net loan charge-offs were $42,000 compared to $8,000 for the quarter ended September 30, 2013.

Ames National Corporation Declares Cash Dividend, Payable on November 14, 2014

Ames National Corporation declared a cash dividend of $0.18 per common share. The dividend is payable on November 14, 2014, to shareholders of record at the close of business on October 31, 2014.

Ames National Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Records Net Loan Charge-Offs for the Quarter Ended June 30, 2014

Ames National Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $10,145,907 compared to $9,401,263 a year ago. Net interest income was $8,979,355 compared to $8,106,723 a year ago. Income before income taxes was $5,268,576 compared to $4,297,554 a year ago. Net income was $3,854,923 or $0.41 basic and diluted per share compared to $3,278,696 or $0.35 basic and diluted per share a year ago. Return on average assets was 1.23% compared to 1.05% for the same period in 2013. Return on average equity was 10.27% compared to the 8.98% in 2013. Net income improved primarily due to increases in loan and securities available-for-sale interest income and a decrease in other real estate owned expenses, offset in part by a decrease in securities gains. For the six months period, the company reported total interest income of $20,066,188 compared to $18,777,904 a year ago. Net interest income was $17,713,140 compared to $16,191,613 a year ago. Income before income taxes was $11,579,812 compared to $9,092,742 a year ago. Net income was $8,381,014 or $0.90 basic and diluted per share compared to $6,864,630 or $0.74 basic and diluted per share a year ago. Return on average assets was 1.34% compared to 1.11% for the same period in 2013. Return on average equity was 11.33% compared to the 9.42% in 2013. Net income increased primarily due to an after tax gain on the sale of premises and equipment of $788,000, increases in loan and securities available-for-sale interest income and a decrease in other real estate owned expenses, offset in part by a decrease in securities gains. The Company sold its office location near Iowa State University in Ames, Iowa (University office), but the Company will maintain a presence near the campus. Excluding the after tax one-time gain on the sale of premises and equipment, net income would have been $7,593,000, or $0.82 per share in 2014, as compared to $6,865,000, or $0.74 per share in 2013. Net loan charge-offs were $86,000 for the quarter ended June 30, 2014 compared to $27,000 for the quarter ended June 30, 2013.

 

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Valuation ATLO Industry Range
Price/Earnings 14.0x
Price/Sales 5.0x
Price/Book 1.4x
Price/Cash Flow 14.0x
TEV/Sales 1.2x
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