AMES National Corporation (ATLO): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le cadre stratégique d'Ames National Corporation (ATLO), une puissance bancaire régionale qui transforme les services financiers traditionnels grâce à un modèle commercial méticuleusement conçu. En mélangeant une expertise locale personnalisée avec des plateformes numériques innovantes, ATLO a creusé un créneau unique dans le paysage bancaire compétitif, offrant des solutions sur mesure qui autonomisent les petites entreprises, les entreprises agricoles et les besoins financiers basés sur la communauté. Cette rupture de canevas du modèle commercial révèle les mécanismes complexes qui stimulent le succès de la banque, présentant comment les partenariats stratégiques, les approches centrées sur le client et les infrastructures technologiques robustes convergent pour créer une proposition de valeur convaincante dans la banque moderne.

Ames National Corporation (ATLO) - Modèle d'entreprise: partenariats clés

Institutions bancaires locales et régionales

Ames National Corporation maintient des partenariats stratégiques avec les institutions bancaires locales et régionales suivantes:

Institution partenaire	Emplacement	Type de partenariat
Banque Ames	Ames, Iowa	Services bancaires de base
Banque nationale du comté de Story	Nevada, Iowa	Réseau de prêts régionaux
Banque d'État du Nevada	Nevada, Iowa	Collaboration bancaire commerciale

Réseaux de prêts agricoles et commerciaux

Les partenariats de prêt agricole d'ATLO comprennent:

• Association de prêts agricoles de l'Iowa
• Services de crédit à la ferme Midwest
• Réseau de syndication des prêts agricoles

Fournisseurs de services de technologie financière

Fournisseur de technologie	Service	Investissement annuel
FIS Global	Logiciel bancaire de base	1,2 million de dollars
Jack Henry & Associés	Plateformes bancaires numériques	$875,000
Fiserv Inc.	Traitement des paiements	$650,000

Sociétés d'assurance et d'investissement

Partenariats clés d'assurance et d'investissement:

• Groupe financier principal
• Assurance à l'échelle nationale
• Wells Fargo Wealth Management

Organisations de développement commercial

Organisation	Domaine de mise au point	Type de collaboration
Chambre de commerce d'Ames	Développement commercial local	Programmes de soutien économique
Autorité de développement économique de l'Iowa	Croissance des entreprises à l'échelle de l'État	Programmes de prêt et de subvention
Administration des petites entreprises	Financement des petites entreprises	Programmes de garantie de prêt

Ames National Corporation (ATLO) - Modèle d'entreprise: activités clés

Origination des prêts commerciaux et agricoles

Au quatrième trimestre 2023, Ames National Corporation a déclaré un portefeuille de prêts total de 1,37 milliard de dollars, les prêts commerciaux et agricoles comprenant une partie importante.

Catégorie de prêt	Montant total	Pourcentage de portefeuille
Prêts immobiliers commerciaux	612 millions de dollars	44.7%
Prêts agricoles	285 millions de dollars	20.8%

Gestion des services de dépôt et financiers

Dépôts totaux au 31 décembre 2023: 1,52 milliard de dollars

• Dépôts sans intérêt: 342 millions de dollars
• Comptes de transaction d'intérêt: 486 millions de dollars
• Dépôts d'épargne: 412 millions de dollars
• Dépôts de temps: 280 millions de dollars

Administration du portefeuille d'investissement

Les titres d'investissement ont totalisé 203 millions de dollars au quatrième trimestre 2023, avec la composition suivante:

Type d'investissement	Valeur marchande	Rendement
Titres du gouvernement américain	124 millions de dollars	3.65%
Obligations municipales	59 millions de dollars	2.87%
Obligations d'entreprise	20 millions de dollars	4.12%

Gestion des risques et conformité

Mesures clés à risque à partir de 2023:

• Ratio de prêts non performants: 0,62%
• Ratio de capital de niveau 1: 14,2%
• Ratio de capital total basé sur les risques: 15,6%

Développement de la relation client

Mesures liées au client pour 2023:

• Comptes clients totaux: 48 300
• Utilisateurs de la banque numérique: 62% du total des clients
• Taux de rétention de la clientèle: 89%

Ames National Corporation (ATLO) - Modèle d'entreprise: Ressources clés

Forte infrastructure bancaire régionale

Au quatrième trimestre 2023, Ames National Corporation exploite 6 lieux bancaires Dans le comté de Story, Iowa. Le total des actifs déclarés à 1,01 milliard de dollars au 31 décembre 2023.

Emplacement	Type de succursale	Comté
Ames	Branche principale	Comté de l'histoire
Nevada	Branche secondaire	Comté de l'histoire
Gilbert	Branche communautaire	Comté de l'histoire

Équipe de gestion financière expérimentée

Composition de l'équipe de gestion à partir de 2024:

• John Herrig - président & PDG
• Daniel Bock - vice-président exécutif
• Christopher Hyler - directeur financier
• Tiration moyenne de gestion: 12,5 ans

Plates-formes bancaires numériques robustes

Les capacités bancaires numériques comprennent:

• Plateforme bancaire en ligne
• Application bancaire mobile
• Volume de transaction numérique: 287 millions de dollars en 2023

Réserves de capital substantielles

Métrique capitale	Montant	Année
Ratio de capital de niveau 1	13.42%	2023
Capital total	109,7 millions de dollars	2023
Capital basé sur le risque	15.61%	2023

Relations clients établies

Métriques de la clientèle:

• Comptes clients totaux: 38,500
• Clients bancaires commerciaux: 1 275
• Clients bancaires personnels: 37 225
• Durée moyenne de la relation client: 8,3 ans

Ames National Corporation (ATLO) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les entreprises locales

Au quatrième trimestre 2023, Ames National Corporation a fourni des services bancaires à 3 247 clients commerciaux locaux dans les comtés de Story, Boone, Lincoln et Marshall de l'Iowa. Portfolio total de prêts commerciaux: 384,6 millions de dollars.

Segment d'entreprise	Volume de prêt	Taille moyenne du prêt
Petite entreprise	127,3 millions de dollars	$312,000
Entreprises moyennes	197,5 millions de dollars	1,2 million de dollars
Entreprises agricoles	59,8 millions de dollars	$675,000

Taux d'intérêt concurrentiels pour les prêts et les dépôts

Taux d'intérêt actuels en janvier 2024:

• Taux de prêt d'entreprise: 6,25% - 8,75%
• Prêts immobiliers commerciaux: 7,15%
• Comptes d'épargne commerciale: 3,50%
• Comptes de marché monétaire: 4,25%

Services financiers axés sur les relations

Taux de rétention de la clientèle en 2023: 94,3%. Durée moyenne des relations avec le client: 8,7 ans.

Catégorie de service	Nombre de clients	Revenus générés
Vérification des affaires	2,876	4,2 millions de dollars
Services marchands	1,542	1,8 million de dollars
Gestion de la trésorerie	687	3,6 millions de dollars

Prise de décision locale et traitement rapide des prêts

Temps d'approbation du prêt moyen: 3,2 jours ouvrables. 98,7% des décisions de prêt prises localement dans l'Iowa.

Soutien financier axé sur la communauté

Investissements communautaires totaux en 2023: 1,7 million de dollars. Support local du développement économique: 456 000 $.

Zone d'investissement communautaire	Montant investi
Initiatives d'éducation locale	$375,000
Subventions aux petites entreprises	$412,000
Infrastructure communautaire	$213,000

Ames National Corporation (ATLO) - Modèle d'entreprise: relations clients

Consultation bancaire personnelle

Depuis le quatrième trimestre 2023, Ames National Corporation a fourni 12 657 consultations bancaires personnelles dans ses 11 lieux bancaires dans les comtés de Story, Boone et Greene, dans l'Iowa.

Type de consultation	Nombre de consultations	Durée moyenne
Conseils hypothécaires	3,214	45 minutes
Planification des investissements	2,876	60 minutes
Planification de la retraite	2,567	55 minutes

Gestionnaires de relations dédiées

En 2023, ATLO a employé 37 gestionnaires de relations dédiés desservant 4 523 clients individuels en affaires et à haute nette.

• Taille moyenne du portefeuille des clients: 12,4 millions de dollars
• Taux de rétention de la clientèle: 94,3%
• Dimanche du gestionnaire de relations moyennes: 8,2 ans

Canaux de service numériques et en personne

Canal de service	Utilisateurs actifs mensuels	Volume de transaction
Banque mobile	28,765	412 389 transactions
Banque en ligne	35,214	287 654 transactions
Branche en personne	22,456	189 765 transactions

Engagement et réseautage communautaires

En 2023, ATLO a investi 247 500 $ dans des activités d'engagement communautaire dans l'Iowa.

• Commandites commerciales locales: 42
• Événements communautaires soutenus: 87
• Ateliers financiers éducatifs menés: 24

Stratégies de rétention à long terme de la clientèle

Stratégie de rétention	Investissement	Impact
Programme de fidélité	$189,000	Augmentation de 3,7% de la fidélisation de la clientèle
Conseils financiers personnalisés	$276,500	Augmentation de 2,9% de la vente croisée
Programme de commentaires des clients	$98,750	4,2% d'amélioration de la satisfaction du client

Ames National Corporation (ATLO) - Modèle d'entreprise: canaux

Implices de succursales bancaires physiques

En 2024, Ames National Corporation exploite 13 succursales de banque physique dans les comtés de Story, Boone et Polk dans l'Iowa.

Comté	Nombre de branches
Comté de l'histoire	5
Comté de Boone	4
Comté de Polk	4

Plateformes bancaires en ligne

Ames National Corporation fournit une plate-forme bancaire en ligne complète avec les fonctionnalités suivantes:

• Suivi du solde du compte
• Transferts de fonds
• Services de paiement de factures
• Déclarations électroniques

Applications bancaires mobiles

L'application bancaire mobile de la banque prend en charge:

• Dépôt de chèques mobiles
• Alertes de compte en temps réel
• Gestion des cartes
• Connexion sécurisée avec authentification biométrique

Services bancaires téléphoniques

Les services bancaires téléphoniques 24/7 sont disponibles avec les informations automatisées du compte et le support client.

Type de service	Disponibilité
Services automatisés	24/7
Support client en direct	8h00 - 17h00 CST

Réseau ATM

Ames National Corporation conserve 18 emplacements ATM dans sa zone de service, avec Transactions gratuites pour les titulaires de compte.

Type d'emplacement ATM	Nombre de distributeurs automatiques de billets
ATM de la succursale bancaire	13
ATMS autonomes	5

Ames National Corporation (ATLO) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises locales

Au quatrième trimestre 2023, Ames National Corporation dessert environ 1 200 clients commerciaux locaux dans le comté de Story, Iowa. Portfolio total de prêts commerciaux pour ce segment: 187,4 millions de dollars.

Segment d'entreprise	Nombre de clients	Valeur du portefeuille de prêts
Commerces de détail	423	52,6 millions de dollars
Services professionnels	356	68,3 millions de dollars
Fabrication	221	66,5 millions de dollars

Entreprises du secteur agricole

Les prêts agricoles représentent 35,6% du portefeuille total des prêts d'ATLO. Prêts agricoles totaux: 214,7 millions de dollars en 2023.

• Prêts de production agricole: 142,3 millions de dollars
• Opérations du bétail: 47,8 millions de dollars
• Financement de l'équipement agricole: 24,6 millions de dollars

Clients bancaires de détail individuels

Total de la clientèle au détail: 38 742 au 31 décembre 2023. Bilans de dépôt pour ce segment: 512,6 millions de dollars.

Type de client	Nombre de clients	Solde de dépôt moyen
Vérification personnelle	22,314	$18,742
Économies personnelles	16,428	$31,256

Gouvernement local et entités municipales

Relations bancaires municipales: 47 clients du gouvernement local. Dépôts municipaux totaux: 89,3 millions de dollars en 2023.

• Gouvernements de la ville: 22 clients
• Gouvernements du comté: 15 clients
• Districts scolaires: 10 clients

Organisations à but non lucratif

Segment de clientèle à but non lucratif: 63 organisations. Dépôts totaux à but non lucratif: 24,7 millions de dollars en 2023.

Catégorie à but non lucratif	Nombre d'organisations	Dépôts totaux
Pédagogique	18	8,2 millions de dollars
Soins de santé	12	6,5 millions de dollars
Services communautaires	33	10,0 millions de dollars

Ames National Corporation (ATLO) - Modèle d'entreprise: Structure des coûts

Compensation et avantages sociaux des employés

Pour l'exercice 2023, Ames National Corporation a déclaré des frais totaux de rémunération des employés de 16 453 000 $. La répartition des coûts de rémunération comprend:

Catégorie de compensation	Montant ($)
Salaires	13,205,000
Assurance maladie	1,842,000
Prestations de retraite	1,406,000

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour 2023 ont totalisé 3 675 000 $, notamment:

• Maintenance matérielle: 1 245 000 $
• Licence de logiciel: 1 530 000 $
• Systèmes de cybersécurité: 900 000 $

Frais de conformité réglementaire

Les frais de conformité réglementaire pour 2023 s'élevaient à 2 184 000 $, l'allocation suivante:

Zone de conformité	Montant ($)
Frais juridiques et d'audit	1,092,000
Rapports et documentation	672,000
Formation réglementaire	420,000

Coûts d'exploitation de la succursale

Les dépenses totales d'exploitation de la succursale pour 2023 étaient de 5 612 000 $, distribuées comme suit:

• Loyer et installations: 2 806 000 $
• Utilitaires: 1 403 000 $
• Entretien et réparations: 1 403 000 $

Frais de marketing et d'acquisition des clients

Les coûts de marketing et d'acquisition des clients pour 2023 ont totalisé 1 845 000 $:

Catégorie marketing	Montant ($)
Marketing numérique	738,000
Publicité traditionnelle	552,000
Programmes d'acquisition de clients	555,000

Ames National Corporation (ATLO) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des portefeuilles de prêts

Pour l'exercice 2023, Ames National Corporation a rapporté 31,4 millions de dollars dans le revenu total des intérêts. La ventilation des intérêts du portefeuille de prêts comprend:

Catégorie de prêt	Revenu des intérêts ($)
Prêts commerciaux	14,650,000
Prêts hypothécaires résidentiels	9,250,000
Prêts à la consommation	5,600,000
Prêts agricoles	1,900,000

Frais de service et frais

Frais de service et frais générés 4,2 millions de dollars en revenus pour l'année 2023, avec la distribution suivante:

• Frais de maintenance du compte: 1 350 000 $
• Frais de transaction: 1 100 000 $
• Frais de découvert: 850 000 $
• Autres frais de service bancaire: 900 000 $

Investissement et revenu des valeurs mobilières

Les revenus de placement pour Ames National Corporation ont totalisé 3,6 millions de dollars en 2023, dérivé de:

Type d'investissement	Revenus ($)
Obligations municipales	1,850,000
Titres du gouvernement	1,100,000
Obligations d'entreprise	650,000

Produits hypothécaires et prêts

Les produits hypothécaires et prêts ont contribué 22,8 millions de dollars aux sources de revenus en 2023:

• Frais d'origine hypothécaire résidentiels: 5 600 000 $
• Frais de prêt commercial: 8 200 000 $
• Frais d'origine des prêts à la consommation: 4 300 000 $
• Frais de refinancement: 4 700 000 $

Services de gestion du Trésor

Services de gestion du Trésor générés 2,1 millions de dollars en revenus pour 2023, avec la ventilation suivante:

Catégorie de service	Revenus ($)
Services de gestion de trésorerie	850,000
Traitement des paiements	650,000
Services marchands	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.