AMES NATIONAL CORP
Close on Oct 19, 2026
- Market cap
- $286.18M
- P/E (TTM)
- 12.5
- Dividend yield
- 1.86%
About Ames National
National Commercial Banks, SIC 6021
Ames National Corporation operates as a bank holding company that conducts commercial banking operations through six wholly owned bank subsidiaries. The institution provides retail and commercial deposit services, including checking, savings, time deposits, and cash management. Its lending activities encompass commercial, multi-family, and agricultural real estate financing, commercial and operating lines and term loans, residential mortgages, home equity credit, and personal consumer loans. In addition, several bank subsidiaries offer wealth management, trust administration, farm management, investment, and custodial services to individuals, small-to-medium sized businesses, non-profit organizations, and public entities.
The company operates exclusively within the State of Iowa, maintaining banking locations across Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union counties. Operations are conducted across eleven Iowa communities, serving both metropolitan areas and rural agricultural regions. Its principal executive offices and headquarters are located in Ames, Iowa.
Summary of the business section of Ames National's latest annual report, written by StockData.
Company profile
Company
- Legal name
- AMES NATIONAL CORP
- Founded
- 1975
- Headquarters
- Ames, IA
- Address
- Po Box 846 50010
- Phone
- (515) 232-6251
- Website
- amesnational.com
- Employees
- 260, Dec 31, 2025
- Industry
- National Commercial Banks
- Incorporated in
- X1
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars LLP, Springfield, MO
Stock & identifiers
- Ticker
- ATLO
- Exchange
- Nasdaq
- Shares outstanding
- 9M, Jul 31, 2026
- Public float
- $156.21M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 3-for-1, Jul 18, 2005
- SEC CIK
- 1132651
- CUSIP
- 031001100
- ISIN
- US0310011004
- EIN
- 42-1039071
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John Patrick Nelson | President, Director | 30,205 |
| Justin C. Clausen | Chief Financial Officer | 1,063 |
| Michael A. Wilson | Executive Vice President | 2,900 |
| Jeffery C. Baker | Director | 3,879 |
| Michelle R. Cassabaum | Director | 10,308 |
| Douglas W. Beals | Director | 3,275 |
| Patrick G. Hagan | Director | 15,835 |
| Amy F. Rieck | Director | 1,008 |
| Horras Betty A. Baudler | Director | 25,475 |
| Lisa M. Eslinger | Director | 3,293 |
| Everett S. Miles | Director | 841 |
| Scot A. Trost | Director | 1,000 |
| Kevin L. Swartz | Director | 5,380 |
| David W. Benson | Director | 15,320 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $434.85K | $434.85K | $301.95K | – | $113 |
| FY2024 | $419.68K | $419.68K | $288.64K | – | $77 |
| FY2023 | $409.76K | $409.76K | $276.37K | – | $95 |
| FY2022 | $448.52K | $448.52K | $305.21K | $100970000 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“The Company employs approximately 260 employees, of which 95% are full-time employees and the remaining 5% are part-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 9, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 12, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 13, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |