Ames National operates as a multi-bank holding company that provides banking services through its subsidiaries, First National Bank, State Bank & Trust, Boone Bank & Trust, Reliance State Bank and United Bank & Trust. The Company offers a range of deposits, including checking accounts, savings accounts, time deposits, money market accounts, demand deposits, and certificates of deposit; loans, such as short-term and medium-term commercial and agricultural real estate loans, residential real estate loans and equipment loans; cash management, merchant credit card processing, safe deposit box and wire transfer, direct deposit of payroll and social security checks, and automated/video teller machine access services, as well as automatic drafts for various accounts. In addition, Ames offers farm management, investment, and custodial services for individuals, businesses, and non-profit organizations.

Type
Public
HQ
Ames, US
Founded
1903
Size (employees)
202 (est)
Ames National was founded in 1903 and is headquartered in Ames, US
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Ames National Office Locations

Ames National has an office in Ames
Ames, US (HQ)
405 5th Street
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Ames National Financials and Metrics

Ames National Revenue

Ames National's revenue was reported to be $52.13 m in FY, 2016 which is a 20.8% increase from the previous period.
USD

Revenue (Q2, 2018)

27.5 m

Gross profit (Q2, 2018)

24.2 m

Gross profit margin (Q2, 2018), %

87.7%

Net income (Q2, 2018)

8.4 m

EBIT (Q2, 2018)

20.3 m

Market capitalization (16-Aug-2018)

287.7 m

Closing stock price (16-Aug-2018)

30.9

Cash (30-Jun-2018)

20.6 m
Ames National's current market capitalization is $287.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

46.2 m50.2 m43.2 m52.1 m

Revenue growth, %

9%(14%)21%

Cost of goods sold

4.2 m4.1 m5.6 m

Gross profit

39 m48 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

13.3 m12.8 m12.9 m12.9 m13.1 m13.2 m13.5 m13.6 m27.5 m

Cost of goods sold

1.1 m1 m1 m1 m1 m1.2 m1.4 m1.6 m3.4 m

Gross profit

12.2 m11.8 m11.9 m11.9 m12.1 m12 m12.1 m12 m24.2 m

Gross profit Margin, %

92%92%92%92%92%91%90%88%88%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

24.3 m23.7 m24 m29.5 m26.4 m

Accounts Receivable

Inventories

Goodwill

5.6 m6.7 m6.7 m6.7 m6.7 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

26.3 m26.1 m21.6 m20.3 m21.3 m24.8 m19.6 m22.5 m20.6 m

Goodwill

6.7 m6.7 m6.7 m6.7 m6.7 m6.7 m6.7 m6.7 m6.7 m

Total Assets

1.3 b1.3 b1.3 b1.3 b1.3 b1.4 b1.4 b1.4 b1.4 b

Accounts Payable

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

14 m15.3 m15 m15.7 m13.7 m

Depreciation and Amortization

797.7 k892.4 k1.1 m368.3 k1.1 m

Inventories

Accounts Payable

(47.9 k)(656 k)512.6 k(198.5 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

10.6 m4.5 m8.4 m12.1 m3.6 m7 m11.1 m3.8 m7.9 m11.7 m3.6 m7.1 m4 m8.4 m

Depreciation and Amortization

588.7 k187.6 k376.5 k605.1 k259.7 k531.2 k812.6 k291.4 k572.6 k885.2 k274.3 k567.9 k260.4 k548.2 k

Accounts Payable

7.8 k(176.5 k)94.7 k

Cash From Operating Activities

18 m6.5 m10.1 m13.9 m6.6 m10.8 m15.9 m6.3 m9.9 m14.6 m6.2 m9.4 m6.4 m9.2 m
USDY, 2018

Financial Leverage

8.1 x
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Ames National Operating Metrics

Ames National's Total Loans was reported to be $768.2m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$2.44 m$1.89 m$5.10 m

Total Loans

$658.44 m$660.79 m$677.58 m$690.32 m$701.33 m$695.63 m$712.94 m$740.32 m$752.18 m$759.79 m$768.21 m
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Ames National Company Life and Culture

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