Ames National Corp Dossier
Qualitative Analysis
Business overview
Ames National Corporation (NASDAQ: ATLO) is a multi-bank holding company headquartered in Ames, Iowa. Established in 1975, the company operates primarily through its banking segment, owning and operating six affiliate community banks in central, north-central, and south-central Iowa: First National Bank (Ames), Boone Bank & Trust Co. (Boone), Iowa State Savings Bank (Creston), State Bank & Trust Co. (Nevada), Reliance State Bank (Story City), and United Bank & Trust NA (Marshalltown). Ames National provides a wide range of commercial and personal banking services, including checking and savings accounts, time deposits, agricultural, commercial, and residential real estate lending, as well as wealth management, farm management, and trust services.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Focusing on expanding market share and selective geographic footprint within central, north-central, and south-central Iowa counties.
Expected impact: Aims to drive sustainable top-line revenue growth and increase the customer base across its six bank subsidiaries.
Implementing measures to improve operational efficiency, manage noninterest expenses, and optimize the cost-to-income ratio.
Expected impact: Aims to improve the efficiency ratio (which decreased to 62.7% in FY 2025) and enhance net profit margins.