Ames National Corporation (ATLO): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el marco estratégico de Ames National Corporation (ATLO), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de un modelo de negocio meticulosamente elaborado. Al combinar experiencia local personalizada con plataformas digitales innovadoras, Atlo ha forjado un nicho único en el panorama bancario competitivo, ofreciendo soluciones personalizadas que potencian a las pequeñas empresas, empresas agrícolas y necesidades financieras impulsadas por la comunidad. Este desglose de lienzo de modelo de negocio revela los intrincados mecanismos que impulsan el éxito del banco, mostrando cómo las asociaciones estratégicas, los enfoques centrados en el cliente y la robusta infraestructura tecnológica convergen para crear una propuesta de valor convincente en la banca moderna.

Ames National Corporation (ATLO) - Modelo de negocios: asociaciones clave

Instituciones bancarias locales y regionales

AMES National Corporation mantiene asociaciones estratégicas con las siguientes instituciones bancarias locales y regionales:

Institución asociada	Ubicación	Tipo de asociación
Banco de ames	Ames, Iowa	Servicios bancarios centrales
Story County National Bank	Nevada, Iowa	Red de préstamos regionales
Nevada State Bank	Nevada, Iowa	Colaboración de banca comercial

Redes de préstamos agrícolas y comerciales

Las asociaciones de préstamos agrícolas de Atlo incluyen:

• Asociación de préstamos agrícolas de Iowa
• Servicios de crédito de la granja del Medio Oeste
• Red de sindicación de préstamos agrícolas

Proveedores de servicios de tecnología financiera

Proveedor de tecnología	Servicio	Inversión anual
FIS Global	Software bancario central	$ 1.2 millones
Jack Henry & Asociado	Plataformas de banca digital	$875,000
Fiserv Inc.	Procesamiento de pagos	$650,000

Empresas de seguros e inversiones

Asociaciones clave de seguros e inversiones:

• Grupo financiero principal
• Seguro nacional
• Wells Fargo Wealth Management

Organizaciones de desarrollo de negocios comunitarios

Organización	Área de enfoque	Tipo de colaboración
Cámara de Comercio de Ames	Desarrollo empresarial local	Programas de apoyo económico
Autoridad de Desarrollo Económico de Iowa	Crecimiento empresarial en todo el estado	Programas de préstamos y subvenciones
Administración de pequeñas empresas	Financiación de pequeñas empresas	Programas de garantía de préstamos

Ames National Corporation (ATLO) - Modelo de negocio: actividades clave

Originación de préstamos comerciales y agrícolas

A partir del cuarto trimestre de 2023, Ames National Corporation reportó una cartera de préstamos totales de $ 1.37 mil millones, con préstamos comerciales y agrícolas que comprenden una porción significativa.

Categoría de préstamo	Cantidad total	Porcentaje de cartera
Préstamos inmobiliarios comerciales	$ 612 millones	44.7%
Préstamos agrícolas	$ 285 millones	20.8%

Gestión de depósitos y servicios financieros

Depósitos totales al 31 de diciembre de 2023: $ 1.52 mil millones

• Depósitos de no interesados: $ 342 millones
• Cuentas de transacciones con intereses: $ 486 millones
• Depósitos de ahorro: $ 412 millones
• Depósitos de tiempo: $ 280 millones

Administración de cartera de inversiones

Los valores de inversión totalizaron $ 203 millones a partir del cuarto trimestre de 2023, con la siguiente composición:

Tipo de inversión	Valor comercial	Producir
Valores del gobierno de EE. UU.	$ 124 millones	3.65%
Bonos municipales	$ 59 millones	2.87%
Bonos corporativos	$ 20 millones	4.12%

Gestión de riesgos y cumplimiento

Métricas de riesgo clave a partir de 2023:

• Relación de préstamos sin rendimiento: 0.62%
• Relación de capital de nivel 1: 14.2%
• Relación total de capital basado en el riesgo: 15.6%

Desarrollo de la relación con el cliente

Métricas relacionadas con el cliente para 2023:

• Cuentas totales de clientes: 48,300
• Usuarios de banca digital: 62% del total de clientes
• Tasa de retención de clientes: 89%

Ames National Corporation (ATLO) - Modelo de negocios: recursos clave

Infraestructura bancaria regional fuerte

A partir del cuarto trimestre de 2023, Ames National Corporation opera 6 ubicaciones bancarias En todo el condado de Story, Iowa. Los activos totales informaron en $ 1.01 mil millones al 31 de diciembre de 2023.

Ubicación	Tipo de rama	Condado
Ames	Rama principal	Condado de la historia
Nevada	Rama secundaria	Condado de la historia
Gilbert	Rama comunitaria	Condado de la historia

Equipo experimentado de gestión financiera

Composición del equipo de gestión a partir de 2024:

• John Herrig - Presidente & CEO
• Daniel Bock - Vicepresidente Ejecutivo
• Christopher Hyler - Director Financiero
• Promedio de tenencia de gestión: 12.5 años

Plataformas de banca digital robustas

Las capacidades de banca digital incluyen:

• Plataforma bancaria en línea
• Aplicación de banca móvil
• Volumen de transacción digital: $ 287 millones en 2023

Reservas de capital sustanciales

Métrico de capital	Cantidad	Año
Relación de capital de nivel 1	13.42%	2023
Capital total	$ 109.7 millones	2023
Capital basado en el riesgo	15.61%	2023

Relaciones establecidas de clientes

Métricas de la base de clientes:

• Cuentas totales de clientes: 38,500
• Clientes de banca comercial: 1,275
• Clientes de banca personal: 37,225
• Duración promedio de la relación con el cliente: 8.3 años

Ames National Corporation (ATLO) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas locales

A partir del cuarto trimestre de 2023, Ames National Corporation proporcionó servicios bancarios a 3.247 clientes comerciales locales en los condados de Story, Boone, Lincoln y Marshall en Iowa. Cartera total de préstamos comerciales: $ 384.6 millones.

Segmento de negocios	Volumen de préstamo	Tamaño promedio del préstamo
Pequeño negocio	$ 127.3 millones	$312,000
Empresas medianas	$ 197.5 millones	$ 1.2 millones
Negocios agrícolas	$ 59.8 millones	$675,000

Tasas de interés competitivas para préstamos y depósitos

Tasas de interés actuales a enero de 2024:

• Tasas de préstamo comercial: 6.25% - 8.75%
• Préstamos inmobiliarios comerciales: 7.15%
• Cuentas de ahorro de negocios: 3.50%
• Cuentas del mercado monetario: 4.25%

Servicios financieros basados ​​en relaciones

Tasa de retención de clientes en 2023: 94.3%. Duración promedio de la relación con el cliente: 8.7 años.

Categoría de servicio	Número de clientes	Ingresos generados
Verificación de negocios	2,876	$ 4.2 millones
Servicios comerciales	1,542	$ 1.8 millones
Gestión del tesoro	687	$ 3.6 millones

Toma de decisiones locales y procesamiento rápido de préstamos

Tiempo promedio de aprobación del préstamo: 3.2 días hábiles. 98.7% de las decisiones de préstamo tomadas localmente dentro de Iowa.

Apoyo financiero centrado en la comunidad

Inversiones comunitarias totales en 2023: $ 1.7 millones. Soporte de desarrollo económico local: $ 456,000.

Área de inversión comunitaria	Monto invertido
Iniciativas de educación local	$375,000
Subvenciones de pequeñas empresas	$412,000
Infraestructura comunitaria	$213,000

Ames National Corporation (ATLO) - Modelo de negocios: relaciones con los clientes

Consulta bancaria personal

A partir del cuarto trimestre de 2023, Ames National Corporation proporcionó 12,657 consultas de banca personal en sus 11 ubicaciones bancarias en los condados de Story, Boone y Greene, Iowa.

Tipo de consulta	Número de consultas	Duración promedio
Asesoramiento hipotecario	3,214	45 minutos
Planificación de inversiones	2,876	60 minutos
Planificación de jubilación	2,567	55 minutos

Gerentes de relaciones dedicadas

En 2023, Atlo empleó a 37 gerentes de relaciones dedicados que atendían a 4,523 clientes comerciales y de alto patrimonio.

• Tamaño promedio de la cartera de clientes: $ 12.4 millones
• Tasa de retención del cliente: 94.3%
• Promedio de la tenencia del gerente de relaciones: 8.2 años

Canales de servicio digitales y en persona

Canal de servicio	Usuarios activos mensuales	Volumen de transacción
Banca móvil	28,765	412,389 transacciones
Banca en línea	35,214	287,654 transacciones
Rama en persona	22,456	189,765 transacciones

Compromiso comunitario y redes

En 2023, Atlo invirtió $ 247,500 en actividades de participación comunitaria en Iowa.

• Patrocinios comerciales locales: 42
• Eventos comunitarios apoyados: 87
• Talleres financieros educativos realizados: 24

Estrategias de retención de clientes a largo plazo

Estrategia de retención	Inversión	Impacto
Programa de fidelización	$189,000	Aumento de 3.7% en la retención de clientes
Asesoramiento financiero personalizado	$276,500	Aumento del 2.9% en la venta cruzada
Programa de comentarios de clientes	$98,750	Mejora del 4.2% en la satisfacción del cliente

Ames National Corporation (ATLO) - Modelo de negocios: canales

Ubicaciones de sucursales bancarias físicas

A partir de 2024, Ames National Corporation opera 13 ubicaciones de sucursales bancarios físicos en los condados de Story, Boone y Polk en Iowa.

Condado	Número de ramas
Condado de la historia	5
Condado de Boone	4
Condado de Polk	4

Plataformas de banca en línea

Ames National Corporation ofrece una plataforma de banca en línea integral con las siguientes características:

• Seguimiento del saldo de la cuenta
• Transferencias de fondos
• Servicios de pago de facturas
• Declaraciones electrónicas

Aplicaciones de banca móvil

La aplicación de banca móvil del banco es compatible con:

• Depósito de cheque móvil
• Alertas de cuenta en tiempo real
• Gestión de tarjetas
• Iniciar sesión con autenticación biométrica

Servicios de banca telefónica

Los servicios de banca telefónica 24/7 están disponibles con información de cuenta automatizada y atención al cliente.

Tipo de servicio	Disponibilidad
Servicios automatizados	24/7
Atención al cliente en vivo	8:00 am - 5:00 pm CST

Red de cajeros automáticos

Ames National Corporation mantiene 18 ubicaciones de cajeros automáticos en su área de servicio, con Transacciones gratuitas para titulares de cuentas.

Tipo de ubicación de cajero automático	Número de cajeros automáticos
Cajeros automáticos de la sucursal bancaria	13
Cajeros automáticos independientes	5

Ames National Corporation (ATLO) - Modelo de negocios: segmentos de clientes

Empresas locales pequeñas a medianas

A partir del cuarto trimestre de 2023, Ames National Corporation atiende a aproximadamente 1,200 clientes comerciales locales en el condado de Story, Iowa. Cartera total de préstamos comerciales para este segmento: $ 187.4 millones.

Segmento de negocios	Número de clientes	Valor de la cartera de préstamos
Negocios minoristas	423	$ 52.6 millones
Servicios profesionales	356	$ 68.3 millones
Fabricación	221	$ 66.5 millones

Empresas del sector agrícola

Los préstamos agrícolas representan el 35.6% de la cartera de préstamos totales de Atlo. Préstamos agrícolas totales: $ 214.7 millones en 2023.

• Préstamos de producción de cultivos: $ 142.3 millones
• Operaciones ganaderas: $ 47.8 millones
• Financiamiento de equipos agrícolas: $ 24.6 millones

Clientes de banca minorista individual

Base de clientes minoristas totales: 38,742 al 31 de diciembre de 2023. Saldos de depósito para este segmento: $ 512.6 millones.

Tipo de cliente	Número de clientes	Saldo de depósito promedio
Comprobación personal	22,314	$18,742
Ahorros personales	16,428	$31,256

Gobierno local y entidades municipales

Relaciones bancarias municipales: 47 clientes del gobierno local. Depósitos municipales totales: $ 89.3 millones en 2023.

• Gobierno de la ciudad: 22 clientes
• Gobierno del condado: 15 clientes
• Distritos escolares: 10 clientes

Organizaciones sin fines de lucro

Segmento de clientes sin fines de lucro: 63 organizaciones. Depósitos sin fines de lucro totales: $ 24.7 millones en 2023.

Categoría sin fines de lucro	Número de organizaciones	Depósitos totales
Educativo	18	$ 8.2 millones
Cuidado de la salud	12	$ 6.5 millones
Servicios comunitarios	33	$ 10.0 millones

Ames National Corporation (ATLO) - Modelo de negocio: Estructura de costos

Compensación y beneficios de los empleados

Para el año fiscal 2023, AMES National Corporation informó gastos de compensación de empleados totales de $ 16,453,000. El desglose de los costos de compensación incluye:

Categoría de compensación	Monto ($)
Salarios	13,205,000
Seguro médico	1,842,000
Beneficios de jubilación	1,406,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para 2023 totalizaron $ 3,675,000, que incluyó:

• Mantenimiento de hardware: $ 1,245,000
• Licencias de software: $ 1,530,000
• Sistemas de ciberseguridad: $ 900,000

Gastos de cumplimiento regulatorio

Los costos de cumplimiento regulatorio para 2023 ascendieron a $ 2,184,000, con la siguiente asignación:

Área de cumplimiento	Monto ($)
Tarifas legales y de auditoría	1,092,000
Informes y documentación	672,000
Capacitación regulatoria	420,000

Costos de operación de sucursal

Los gastos de operación de la sucursal total para 2023 fueron de $ 5,612,000, distribuidos de la siguiente manera:

• Alquiler e instalaciones: $ 2,806,000
• Utilidades: $ 1,403,000
• Mantenimiento y reparaciones: $ 1,403,000

Gastos de marketing y adquisición de clientes

Los costos de marketing y adquisición de clientes para 2023 totalizaron $ 1,845,000:

Categoría de marketing	Monto ($)
Marketing digital	738,000
Publicidad tradicional	552,000
Programas de adquisición de clientes	555,000

Ames National Corporation (ATLO) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de las carteras de préstamos

Para el año fiscal 2023, informó Ames National Corporation $ 31.4 millones en ingresos de intereses totales. El desglose del interés de la cartera de préstamos incluye:

Categoría de préstamo	Ingresos de intereses ($)
Préstamos comerciales	14,650,000
Préstamos hipotecarios residenciales	9,250,000
Préstamos al consumo	5,600,000
Préstamos agrícolas	1,900,000

Cargos de servicio y tarifas

Cargos de servicio y tarifas generadas $ 4.2 millones en ingresos para el año 2023, con la siguiente distribución:

• Tarifas de mantenimiento de la cuenta: $ 1,350,000
• Tarifas de transacción: $ 1,100,000
• Tarifas de sobregiro: $ 850,000
• Otras tarifas de servicio bancario: $ 900,000

Ingresos de inversión e valores

Los ingresos por inversiones para Ames National Corporation totalizaron $ 3.6 millones en 2023, derivado de:

Tipo de inversión	Ingresos ($)
Bonos municipales	1,850,000
Valores gubernamentales	1,100,000
Bonos corporativos	650,000

Productos de hipotecas y préstamos

Productos de hipotecas y préstamos contribuidos $ 22.8 millones a las fuentes de ingresos en 2023:

• Tarifas de origen de la hipoteca residencial: $ 5,600,000
• Tarifas de préstamos comerciales: $ 8,200,000
• Tarifas de origen de préstamos al consumidor: $ 4,300,000
• Tarifas de refinanciación: $ 4,700,000

Servicios de gestión del tesoro

Servicios de gestión del Tesoro generados $ 2.1 millones en ingresos para 2023, con el siguiente desglose:

Categoría de servicio	Ingresos ($)
Servicios de gestión de efectivo	850,000
Procesamiento de pagos	650,000
Servicios comerciales	600,000

Ames National Corporation (ATLO) - Canvas Business Model: Value Propositions

You're looking at how Ames National Corporation delivers distinct value to its central Iowa customer base. It's not about being the biggest; it's about being the most connected locally.

Localized, relationship-focused service with quick, customized loan decisions.

Ames National Corporation maintains a deep local footprint, operating through six central Iowa banks across 11 communities, utilizing 18 banking offices. The stated mission reflects this focus: Customer Focused, Locally Empowered, and Team Member Driven. This structure supports the value of rapid, relationship-driven decision-making, which is critical for local commercial and agricultural borrowers who need certainty quickly.

Full-service financial suite: lending, deposits, and wealth management.

The offering covers the full spectrum of community banking needs. You see this breadth reflected in the balance sheet scale as of September 30, 2025, and the income drivers:

• Deposits totaled $1.83 billion as of September 30, 2025.
• Net loans stood at $1.28 billion as of September 30, 2025.
• Noninterest income, which includes wealth management fees, was $2.5 million for the third quarter of 2025, marking a 5% year-over-year increase.

The trust department provides estate planning, investment advisory, and fiduciary services, rounding out the comprehensive platform for personal and business clients.

Financial stability and security, with all affiliate banks well-capitalized.

Stability is a core promise, backed by strong regulatory standing and equity levels. As of September 30, 2025, Total Stockholders' Equity was $200.6 million. Critically, all six of the Company's affiliate banks are considered well-capitalized as defined by federal capital regulations. For context on capital strength, the CET1 ratio (Common Equity Tier 1) was 13.9% at the end of June 2025, significantly above the regulatory requirement of 8.5%. This defensive positioning allows for sustained operation even when credit quality shows stress, such as the recent weakening in certain loan segments.

Specialized expertise in agricultural and commercial real estate lending.

The loan portfolio is heavily weighted toward the regional economy's backbone: agriculture and commercial real estate. While credit quality concerns surfaced in these areas in Q3 2025, the focus remains a key differentiator. The loan book historically includes significant exposure to these sectors. For example, as of year-end 2023, the Agricultural Loan Portfolio was $214.6 million, and the Commercial loan portfolio was $412.3 million. Furthermore, approximately $315 million of loans were maturing within one year as of September 30, 2025, carrying an average yield of approximately 5.8%.

Here's a quick look at the scale supporting these value propositions as of late 2025:

Financial Metric	Amount / Rate	Date Reference
Total Assets	$2.1 billion	As of 12/31/2024 / Decreased $15.2 million from 9/30/2024
Deposits	$1.83 billion	As of September 30, 2025
Net Loans	$1.28 billion	As of September 30, 2025
Total Stockholders' Equity	$200.6 million	As of September 30, 2025
Net Interest Margin (NIM)	2.83%	For Q3 2025
Efficiency Ratio	61.76%	For Q3 2025

The improved efficiency ratio of 61.76% in Q3 2025, down from 77.87% in Q3 2024, shows operational leverage is helping to support the value proposition of stability. That's a defintely meaningful improvement in cost control.

Ames National Corporation (ATLO) - Canvas Business Model: Customer Relationships

The customer relationship strategy for Ames National Corporation centers on maintaining deep, localized connections across its six affiliate banks operating in 11 central Iowa communities.

Dedicated, long-term personal relationships with local bankers are supported by the corporation's physical structure, which as of late 2024 included 18 banking offices. The structure emphasizes that decisions are made locally, which helps ensure customers receive quick responses and customized services.

High-touch advisory services for wealth management and trust clients show quantifiable growth. For the third quarter of 2025, noninterest income totaled $2.5 million, an increase of 5.0% compared to the third quarter of 2024. This increase is directly attributed to an increase in wealth management income driven by growth in assets under management and new account relationships.

Ames National Corporation employs a blended service model utilizing digital channels alongside its local presence. Services available include online banking, video banking, mobile banking, online bill pay, and mobile wallet access. For the nine months ended September 30, 2025, total deposits reached $1.83 billion, a 1.7% increase year-over-year, showing continued customer engagement across all service types.

Key relationship metrics and performance indicators for the period ending September 30, 2025, reflect the stability underpinning these interactions:

• Net income for nine months ended September 30, 2025: $12.5 million.
• Net income per share for nine months ended September 30, 2025: $1.41.
• Net interest margin for the third quarter of 2025: 2.83%.
• Efficiency ratio for the nine months ended September 30, 2025: 64.10%.
• Total deposits as of September 30, 2025: $1.83 billion.

The following table summarizes key financial results from the nine months ended September 30, 2025, which support the ongoing customer relationship infrastructure:

Metric	Value (Nine Months Ended 9/30/2025)	Comparison to Nine Months Ended 9/30/2024
Net Interest Income	$40.4 million	Increase of $7.6 million (or 23.1%)
Noninterest Income	Not explicitly stated for nine months	Q3 2025 increased 5.0% year-over-year
Noninterest Expense	$30.9 million	Decrease of 1.8%
Allowance for Credit Losses	$18.0 million	Increase from $17.6 million as of 9/30/2024

The corporation's commitment to its customer base is also reflected in its dividend policy. Ames National Corporation declared a quarterly cash dividend of $0.20 per share, payable on February 15, 2025, to stockholders of record as of January 31, 2025.

The availability of digital tools is crucial for the modern relationship, even for a community bank. The company is focused on improving the digital experience, including upgrades to its treasury management platform for business customers. Nationally, projections for 2025 estimated 216.8 million digital banking users in the U.S.

• Affiliate banks operate in 11 communities.
• The company has six wholly owned affiliate banks.
• The board approved repurchase of up to 100,000 shares through November 11, 2025.

Ames National Corporation (ATLO) - Canvas Business Model: Channels

You're looking at how Ames National Corporation (ATLO) gets its services to customers across central Iowa. The channel strategy blends a traditional, local physical presence with necessary digital access points.

Physical Branch Network and Local Presence

Ames National Corporation maintains a physical footprint through its six wholly owned affiliate banks, which collectively operate across 11 central Iowa communities. As of late 2024/early 2025 reporting, this network consisted of 18 banking offices or branches. This structure supports localized decision-making, which is key to their community banking model. The communities served include locations in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties.

The physical channel is supported by the structure of its lending teams, particularly for complex credit needs. Direct loan officers are the primary interface for commercial and agricultural lending, ensuring that services like short-term and medium-term commercial, agricultural, and residential real estate loans are handled with local expertise. This direct relationship channel is crucial for their core business, which saw net loans reach $1.30 billion as of December 31, 2024.

Digital and Self-Service Access Points

To complement the physical network, Ames National Corporation provides a suite of digital channels for both retail and business customers. These include online banking, mobile banking, online bill pay, mobile wallet access, and online statements. The company is focused on improving this digital experience, including upgrades to its treasury management platform for business customers, as noted in early 2025 reports.

While the most granular digital statistics available are from Q4 2023, they show the direction of channel usage:

Digital Channel Metric	Reported Value (as of Q4 2023)	Growth Rate (YoY)
Digital Banking Transaction Volume	$127.4 million	14.6%
Mobile Banking Users	22,750 users	18.3%
Regional Digital Banking Market Share	3.2%	Emerging

The focus on digital growth is clear, aiming to support the overall organization which reported total assets over $2.1 billion as of December 31, 2024.

Convenient Access and Teller Services

Convenient access outside of standard lobby hours is facilitated through automated teller machine (ATM) and video banking services. These automated/video teller machine access services are offered alongside traditional services like safe deposit boxes and wire transfers. This multi-channel approach ensures customers can manage basic transactions and access information when the physical offices aren't open.

The overall channel strategy supports the company's financial targets, with management forecasting earnings for the year ending December 31, 2025, in the range of $1.72 to $1.82 per share.

The key channel components are:

• Physical branch network across 11 central Iowa communities.
• 18 banking offices supporting local service delivery.
• Online and mobile banking for retail and business customers.
• Direct loan officers managing commercial and agricultural lending relationships.
• ATM and video banking services for 24/7 access.

Ames National Corporation (ATLO) - Canvas Business Model: Customer Segments

You're looking at the core customer base for Ames National Corporation, which is deeply rooted in its central and north-central Iowa service area. This isn't a national player; it's a local relationship bank.

Ames National Corporation operates as the bank holding company for six banking subsidiaries, serving customers across the central Iowa counties of Boone, Hancock, Marshall, Polk, and Story, from 18 banking offices across 11 communities.

The composition of their lending activity clearly defines the primary customer segments they focus on:

• Individuals and families in the central and north-central Iowa region.
• Small-to-medium-sized businesses (SMBs) in the local service area.
• Agricultural producers and farm operators.
• Affluent individuals seeking wealth management and trust services.

The loan portfolio, which stood at $1.31 billion in net loans as of March 31, 2025, shows where the focus lies. The growth drivers for that portfolio in early 2025 pointed directly to two of these segments.

Here's a look at the evidence supporting these segments based on recent financial activity:

Customer Segment Evidence	Relevant Financial Metric/Data Point (2025)	Value/Amount
Geographic Focus	Number of Banking Offices	18
Individuals/Families (Residential)	Net Loan Growth Driver (Q1 2025)	1 to 4 family residential real estate loan portfolio increase
Agricultural Producers	Net Loan Growth Driver (Q1 2025)	Agriculture loan portfolio increase
SMBs/Commercial	Loan Portfolio Concern (Q1 2025)	Weakening in the commercial real estate loan portfolio
Affluent Individuals (Wealth Mgmt)	Noninterest Income Driver (Q3 2025)	Increase in wealth management income
Overall Lending Size	Gross Loan Balance (Sep. 2025)	$1,294.46 Mil

For individuals and families, Ames National Corporation provides residential real estate loans, personal loans, and home improvement loans. The bank's business is built on establishing long-term relationships to offer the services and products they need.

The small-to-medium-sized business segment is served through commercial loans, business operating loans and lines of credit, and equipment loans. The bank's loan book is mainly comprised of commercial real estate loans, alongside residential mortgages and agricultural loans. The allowance for credit losses on September 30, 2025, totaled $18.0 million, with increases in specific reserves tied to the commercial loan portfolio.

Agricultural producers are a key focus, evidenced by the growth in the agriculture loan portfolio in the first quarter of 2025. They offer agricultural real estate loans and agricultural operating loans and lines of credit.

The segment for affluent individuals is served through wealth management services. Noninterest income for the third quarter of 2025 specifically cited an increase due to growth in assets under management and new account relationships. Also, the bank offers merchant services and credit cards.

Finance: review the Q3 2025 asset under management growth rate for wealth management by next Tuesday.

Ames National Corporation (ATLO) - Canvas Business Model: Cost Structure

Interest expense on deposits, though Q3 2025 saw a $1.1 million decrease compared to the third quarter of 2024, driven primarily by decreases in market rates.

Personnel costs for the multi-bank structure and branch network are embedded within the overall noninterest expense structure. The total noninterest expense for Ames National Corporation in the third quarter of 2025 was $10.2 million, a decrease of 2.5% year-over-year from $10.5 million in Q3 2024.

Noninterest expenses showed improvement, with the efficiency ratio for Q3 2025 standing at 61.76%, a significant improvement from 77.87% in Q3 2024. The decrease in noninterest expense was primarily attributed to lower consultant fees, specifically a $449 thousand reduction YoY for the quarter.

Credit loss expense was notably higher, reflecting specific reserve builds. The credit loss expense recognized in Q3 2025 was $627 thousand, up from $371 thousand in Q3 2024. This was tied to higher specific reserves in the CRE (Commercial Real Estate) and operating loan portfolios. The allowance for credit losses stood at 1.39% of loans as of September 30, 2025.

Key expense and efficiency metrics for Q3 2025 versus Q3 2024:

Metric	Q3 2025 Amount (USD)	Q3 2024 Amount (USD)
Noninterest Expense	$10.2 million	$10.5 million
Credit Loss Expense	$627 thousand	$371 thousand
Deposit Interest Expense Change (YoY)	Decrease of $1.1 million	N/A

The cost structure management is reflected in the efficiency ratio trend:

• Efficiency Ratio Q3 2025: 61.76%
• Efficiency Ratio Q3 2024: 77.87%
• Efficiency Ratio Nine Months Ended Sep 30, 2025: 64.10%

Specific drivers impacting the cost side include:

• Deposit interest expense decreased by $1.1 million year-over-year for the third quarter.
• Other borrowed funds interest expense decreased by $726 thousand for the third quarter due to reduced borrowings.
• The allowance for credit losses on September 30, 2025, totaled $18.0 million.

Ames National Corporation (ATLO) - Canvas Business Model: Revenue Streams

The primary engine for Ames National Corporation (ATLO) revenue generation centers on traditional banking activities, heavily weighted toward interest income derived from its asset base.

Net Interest Income (NII), the difference between interest earned on loans and investments and interest paid on deposits and borrowings, was a significant contributor, totaling $14.0 million in Q3 2025. This figure represented a substantial increase of 26.8% compared to the same quarter in the prior year, driven by higher yields on assets and lower funding costs.

Beyond the core NII, Ames National Corporation (ATLO) generates revenue through noninterest sources. Noninterest income for the third quarter of 2025 totaled $2.5 million. This stream saw growth, increasing by 5.0% year-over-year, largely attributed to performance in wealth management.

Here's a quick look at the key components of the Q3 2025 revenue profile:

Revenue Component	Q3 2025 Amount	Year-over-Year Change Context
Net Interest Income (NII)	$14.0 million	Increased 26.8%
Noninterest Income	$2.5 million	Increased 5.0%

The interest income component is sourced across the lending and investment portfolios, reflecting Ames National Corporation (ATLO)'s role as a community lender. You see this revenue stream broken down by asset class:

• Interest income from the commercial loan portfolio, benefiting from improved portfolio yield in Q3 2025.
• Interest income from real estate loans.
• Interest income from consumer loan portfolios.
• Interest income from investment securities, which increased by $289 thousand in Q3 2025 due to reinvesting maturities at higher rates.

A secondary, though less detailed in recent public reporting, revenue stream involves the servicing and disposition of assets. This includes gains realized on the sale of mortgage loans into the secondary market, which provides liquidity and fee income outside of the recurring net interest margin.