AMES NATIONAL CORPORATION ATLO Income Statement

Ames national corporation (ATLO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Loans, including fees
12,587	12,259	10,513	10,808	10,701	10,570	9,557	8,996	8,888	8,703	8,729	8,499	8,115	8,233	8,236	8,030	7,857	7,860	7,808	7,712	7,399	7,488	6,722	6,576	6,409	6,559	6,569	6,146	6,158	6,291	6,413	6,245	5,810	5,954	5,905	5,999	5,740	6,094	6,023
Securities:
Taxable
1,821	1,768	1,671	1,554	1,488	1,549	1,545	1,563	1,529	1,493	1,557	1,566	1,512	1,460	1,425	1,471	1,495	1,540	1,506	1,566	1,566	1,697	1,792	1,851	1,763	1,606	1,357	1,399	1,379	1,398	1,441	1,593	1,624	1,627	1,906	1,796	1,662	1,737	1,770
Tax-exempt
909	932	945	1,067	1,100	1,131	1,085	1,179	1,186	1,196	1,210	1,290	1,318	1,322	1,329	1,388	1,400	1,408	1,433	1,479	1,486	1,496	1,538	1,645	1,674	1,652	1,737	1,746	1,728	1,720	1,697	1,698	1,650	1,663	1,624	1,630	1,636	1,480	1,429
Other interest and dividend income
517	-	-	-	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest bearing deposits and federal funds sold
-	-	400	290	-	-	272	256	193	-	114	113	137	98	86	114	95	93	94	100	93	95	67	72	73	86	86	108	109	112	113	132	125	128	112	116	107	108	129
Total interest income
15,835	15,396	13,531	13,721	13,528	13,473	12,460	11,995	11,797	11,627	11,612	11,470	11,083	11,113	11,077	11,005	10,849	10,902	10,843	10,858	10,545	10,778	10,120	10,145	9,920	9,905	9,750	9,401	9,376	9,523	9,666	9,670	9,211	9,374	9,549	9,543	9,147	9,421	9,353
Interest expense:
Deposits
2,650	2,687	2,547	2,606	2,358	2,105	1,740	1,633	1,362	1,235	1,169	1,113	921	814	753	755	750	743	744	768	762	827	803	862	892	942	924	999	995	1,052	1,097	1,153	1,169	1,236	1,323	1,382	1,370	1,452	1,563
Other borrowed funds
139	174	170	184	199	227	134	151	248	278	292	291	279	265	274	258	263	267	257	302	338	264	299	303	294	307	315	294	295	307	322	319	329	329	353	354	378	454	402
Total interest expense
2,789	2,862	2,717	2,791	2,558	2,332	1,874	1,784	1,610	1,514	1,461	1,404	1,200	1,080	1,027	1,013	1,013	1,010	1,002	1,071	1,100	1,091	1,102	1,166	1,186	1,249	1,239	1,294	1,291	1,360	1,420	1,472	1,498	1,566	1,676	1,736	1,749	1,907	1,965
Net interest income
13,045	12,533	10,813	10,930	10,970	11,140	10,585	10,210	10,186	10,112	10,151	10,065	9,883	10,033	10,049	9,991	9,835	9,892	9,840	9,787	9,445	9,686	9,017	8,979	8,733	8,656	8,511	8,106	8,084	8,163	8,246	8,197	7,712	7,807	7,872	7,806	7,398	7,513	7,387
Provision for loan losses
2,316	768	378	68	98	446	100	63	29	297	57	766	397	83	234	14	192	-	37	921	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	-	55	35	39	620	92	60	13	-129	35	64	51	123	4	404	0	74	170
Net interest income after provision for loan losses
10,729	11,764	10,435	10,861	10,872	10,694	10,485	10,146	10,157	9,814	10,094	9,299	9,485	9,949	9,815	9,977	9,643	9,829	9,802	8,865	9,367	9,387	8,962	8,943	8,694	8,035	8,418	8,046	8,071	8,292	8,210	8,133	7,661	7,684	7,867	7,401	7,398	7,439	7,216
Noninterest income:
Securities gains, net
386	-	15	1	-	-	-	-	-	6	37	95	365	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management income
-	-	-	-	-	-	-	-	-	-	-	-	-	719	684	738	787	683	671	681	687	640	686	724	696	680	473	558	487	532	491	530	504	427	547	557	514	522	465
Service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	404	426	404	397	455	445	444	394	454	426	410	357	400	402	402	375	417	429	393	337	369	401	364	329	410	435
Securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	127	64	29	201	279	111	492	4	896	79	0	135	364	204	364	68	108	220	10	307	78	361	164	421	297	134
Gain on sale of loans held for sale
266	359	289	224	172	204	207	191	177	239	179	226	138	308	339	257	176	202	206	285	213	230	224	150	98	230	268	345	355	506	440	356	285	368	252	207	220	255	171
Gain on foreclosure of other real estate owned
-	-	-	-	-	-	162	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merchant and card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	354	350	356	344	361	350	351	314	358	281	290	259	257	271	272	340	245	273	239	296	184	183	195	175	193	195
Merchant and card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	350	356	-	-	-	-	-	-	-	-	-	-	271	272	340	245	273	239	296	184	183	195	175	193	195
Gain (loss) on disposal of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	-14	1,256	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other noninterest income
250	210	184	194	236	189	191	191	187	170	144	249	187	144	137	139	192	161	164	151	150	166	129	172	141	31	199	146	214	193	202	199	168	185	152	151	155	163	209
Total noninterest income
2,631	2,371	2,119	2,212	1,925	1,984	2,161	1,990	1,764	2,043	1,860	2,025	2,063	2,058	2,003	1,925	2,099	2,144	1,949	2,406	1,766	2,743	1,828	1,733	2,945	1,966	1,819	2,089	1,842	1,745	2,058	1,730	1,900	1,612	1,898	1,641	1,817	1,842	1,611
Noninterest expense:
Salaries and employee benefits
5,775	5,381	4,780	4,797	4,715	4,604	4,331	4,316	4,568	3,935	4,026	3,986	4,045	3,803	3,977	3,854	4,051	3,812	3,882	3,810	3,724	3,894	3,513	3,430	3,291	3,395	3,288	3,231	3,216	3,172	3,112	3,200	2,980	2,963	2,945	2,955	2,766	2,691	2,706
Data processing
1,191	1,281	1,085	872	891	971	838	887	781	816	807	850	823	930	824	780	761	937	720	704	664	785	656	595	571	633	581	627	572	606	558	564	509	533	524	481	445	483	494
Occupancy expenses, net
691	631	526	518	599	517	536	459	494	471	527	475	544	501	449	407	603	481	414	467	526	495	366	349	469	368	358	339	405	392	362	348	359	310	349	322	394	350	364
FDIC insurance assessments
-	0	1	91	100	96	99	102	105	100	111	111	103	105	109	161	163	160	169	167	182	155	164	163	162	154	173	172	160	186	158	164	154	131	129	205	272	268	278
Professional fees
343	595	386	382	388	359	423	354	345	312	307	313	298	289	296	325	267	322	346	312	292	310	332	348	282	274	313	267	272	290	303	312	317	-	-	-	-	-	-
Business development
264	414	310	248	268	345	327	238	254	310	262	222	237	320	239	220	235	344	254	232	232	377	303	215	207	308	255	202	191	340	209	209	181	-	-	-	-	-	-
Other real estate owned (income) expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-85	-91	23	-19	7	-104	562	148	1,502	-19	19	0	-1	-14	672	-5	10	31	342	98	-	252	120	-	-	-
Intangible asset amortization
217	182	124	139	163	164	94	83	87	88	89	92	98	95	86	91	95	95	103	109	113	113	76	61	65	65	65	68	73	73	73	49	0	-	0	0	-	-	-
Data conversion costs
-	-	-	-	-	-	167	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New market tax credit projects amortization
145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	34	62
Other operating expenses, net
422	302	259	167	329	278	167	269	227	213	162	347	307	306	219	255	275	335	194	325	253	333	272	225	277	292	207	256	231	352	233	302	237	-1,123	670	676	654	676	728
Total noninterest expense
9,050	9,371	7,475	7,217	7,456	7,399	6,987	6,713	6,865	6,249	6,295	6,399	6,459	6,267	6,112	6,120	6,434	6,498	5,982	6,692	6,138	7,968	5,666	5,409	5,329	5,491	5,230	5,838	5,119	5,426	5,042	5,494	4,838	4,638	4,871	4,761	4,579	4,504	4,635
Income before income taxes
4,310	4,764	5,079	5,856	5,341	5,279	5,659	5,424	5,056	5,609	5,658	4,924	5,089	5,741	5,706	5,782	5,308	5,474	5,770	4,580	4,995	4,162	5,124	5,268	6,311	4,510	5,007	4,297	4,795	4,610	5,226	4,369	4,723	4,658	4,894	4,281	4,635	4,777	4,192
Provision for income taxes
756	466	1,037	1,239	1,103	1,078	1,201	1,107	1,019	2,923	1,729	1,452	1,479	1,717	1,902	1,683	1,501	1,559	1,670	1,216	1,360	1,023	1,393	1,413	1,785	1,133	1,295	1,018	1,209	1,142	1,365	1,059	1,179	1,043	1,304	1,038	1,163	1,226	1,066
Net income
3,554	4,297	4,041	4,617	4,237	4,201	4,458	4,317	4,036	2,686	3,928	3,472	3,610	4,024	3,803	4,099	3,807	3,915	4,099	3,364	3,634	3,138	3,731	3,854	4,526	3,376	3,712	3,278	3,585	3,468	3,860	3,309	3,543	3,615	3,589	3,243	3,472	3,551	3,126
Basic and diluted earnings per share (in dollars per share)
0.39	0.46	0.44	0.50	0.46	0.46	0.48	0.46	0.43	0.29	0.42	0.37	0.39	0.43	0.41	0.44	0.41	0.42	0.44	0.36	0.39	0.34	0.40	0.41	0.49	0.36	0.40	0.35	0.39	0.37	0.41	0.36	0.38	-	0.38	0.34	-	-	-
Basic and diluted earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.38	0.33
Common Stock, Dividends, Per Share, Declared (in dollars per share)
0.25	-	0.24	0.24	0.24	-	0.23	0.23	0.48	-	0.22	0.22	0.22	-	0.21	0.21	0.21	-	0.20	0.20	0.20	-	0.18	0.18	0.18	-	0.16	0.16	0.16	-	0.15	0.15	0.15	-	0.13	0.13	0.13	0.11	0.11
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,530	4,413
Fiduciary and Trust [Member]
Noninterest income
861	935	857	1,019	784	810	877	906	751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service [Member]
Noninterest income
440	460	400	387	370	388	363	334	338	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Noninterest income
425	405	372	386	361	391	358	366	309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-