AMES NATIONAL CORPORATION ATLO Income Statement

Ames national corporation (ATLO)

Income statement / TTM

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
46,167	44,282	42,593	41,637	39,825	38,013	36,145	35,317	34,821	34,048	33,578	33,084	32,615	32,358	31,985	31,557	31,238	30,780	30,408	29,322	28,187	27,196	26,267	26,114	25,684	25,433	25,165	25,010	25,109	24,761	24,424	23,916	23,670	23,600	23,740	23,858	0	0	0
Securities:
Taxable
6,816	6,483	6,265	6,139	6,148	6,188	6,131	6,144	6,146	6,130	6,098	5,965	5,870	5,853	5,932	6,014	6,108	6,179	6,336	6,622	6,907	7,104	7,014	6,579	6,127	5,744	5,535	5,620	5,813	6,058	6,288	6,752	6,955	6,993	7,102	6,966	0	0	0
Tax-exempt
3,856	4,047	4,246	4,385	4,497	4,582	4,647	4,772	4,883	5,015	5,141	5,259	5,357	5,439	5,526	5,630	5,721	5,808	5,896	6,001	6,166	6,354	6,510	6,709	6,810	6,864	6,933	6,893	6,845	6,767	6,710	6,636	6,569	6,555	6,372	6,178	0	0	0
Other interest and dividend income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest bearing deposits and federal funds sold
-	-	0	0	-	-	0	0	0	-	463	435	436	394	390	398	384	382	383	356	329	308	299	318	354	390	416	443	468	484	500	499	483	466	446	462	0	0	0
Total interest income
58,484	56,177	54,254	53,183	51,458	49,726	47,880	47,033	46,507	45,794	45,280	44,745	44,280	44,046	43,835	43,600	43,453	43,150	43,025	42,302	41,589	40,964	40,091	39,722	38,977	38,433	38,051	37,967	38,237	38,071	37,922	37,805	37,679	37,615	37,662	37,466	0	0	0
Interest expense:
Deposits
10,492	10,200	9,618	8,811	7,838	6,841	5,971	5,400	4,880	4,439	4,018	3,602	3,244	3,073	3,002	2,993	3,006	3,019	3,103	3,161	3,255	3,385	3,499	3,620	3,757	3,861	3,972	4,145	4,298	4,472	4,656	4,882	5,111	5,313	5,529	5,769	0	0	0
Other borrowed funds
668	728	781	745	712	761	812	970	1,110	1,141	1,128	1,110	1,077	1,061	1,063	1,046	1,091	1,165	1,162	1,204	1,205	1,162	1,204	1,220	1,211	1,213	1,213	1,221	1,246	1,279	1,301	1,332	1,367	1,416	1,541	1,589	0	0	0
Total interest expense
11,160	10,929	10,399	9,556	8,550	7,603	6,784	6,371	5,991	5,581	5,147	4,713	4,322	4,135	4,065	4,040	4,098	4,185	4,266	4,365	4,461	4,547	4,704	4,841	4,969	5,074	5,185	5,366	5,544	5,751	5,958	6,215	6,479	6,730	7,070	7,359	0	0	0
Net interest income
47,323	45,248	43,855	43,627	42,907	42,123	41,096	40,661	40,516	40,213	40,133	40,032	39,958	39,910	39,769	39,559	39,355	38,965	38,759	37,936	37,128	36,417	35,387	34,880	34,007	33,359	32,865	32,601	32,692	32,319	31,964	31,590	31,199	30,885	30,591	30,106	0	0	0
Provision for loan losses
3,532	1,314	991	712	708	639	490	448	1,151	1,519	1,305	1,482	729	524	478	1,165	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	750	787	812	786	36	-19	-15	22	274	243	584	532	483	649	0	0	0
Net interest income after provision for loan losses
43,791	43,934	42,863	42,914	42,199	41,484	40,605	40,213	39,365	38,693	38,828	38,549	39,228	39,386	39,266	39,253	38,141	37,866	37,423	36,583	36,661	35,988	34,636	34,092	33,195	32,572	32,829	32,621	32,707	32,297	31,689	31,346	30,615	30,352	30,107	29,456	0	0	0
Noninterest income:
Securities gains, net
0	-	0	0	-	-	-	-	-	505	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management income
-	-	-	-	-	-	-	-	-	-	-	-	-	2,929	2,893	2,880	2,823	2,724	2,681	2,696	2,739	2,748	2,788	2,574	2,409	2,199	2,052	2,070	2,042	2,060	1,954	2,010	2,037	2,046	2,142	2,059	0	0	0
Service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	1,633	1,684	1,703	1,743	1,740	1,739	1,720	1,686	1,649	1,595	1,571	1,562	1,580	1,597	1,625	1,617	1,578	1,530	1,502	1,472	1,465	1,505	1,539	0	0	0
Securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	423	575	622	1,084	888	1,505	1,473	980	1,110	579	704	1,069	1,002	746	761	408	646	616	757	912	1,025	1,244	1,018	0	0	0
Gain on sale of loans held for sale
1,138	1,044	890	809	776	780	816	787	822	783	852	1,012	1,043	1,082	976	842	870	907	935	954	819	704	704	748	943	1,200	1,476	1,648	1,659	1,589	1,450	1,262	1,112	1,048	936	855	0	0	0
Gain on foreclosure of other real estate owned
-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merchant and card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	1,405	1,412	1,412	1,407	1,378	1,374	1,306	1,244	1,189	1,088	1,078	1,060	1,142	1,130	1,132	1,099	1,055	994	904	861	739	748	759	0	0	0
Merchant and card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	1,130	1,132	1,099	1,055	994	904	861	739	748	759	0	0	0
Gain (loss) on disposal of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,239	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other noninterest income
839	826	804	811	808	759	740	694	752	751	725	718	607	613	630	658	670	627	632	597	618	610	475	545	518	591	753	757	810	764	756	705	657	644	622	680	0	0	0
Total noninterest income
9,334	8,629	8,242	8,284	8,062	7,900	7,960	7,658	7,693	7,992	8,007	8,151	8,051	8,087	8,172	8,119	8,600	8,267	8,866	8,745	8,072	9,252	8,474	8,465	8,820	7,717	7,497	7,735	7,377	7,435	7,302	7,143	7,053	6,970	7,200	6,913	0	0	0
Noninterest expense:
Salaries and employee benefits
20,735	19,675	18,899	18,450	17,969	17,821	17,151	16,846	16,516	15,994	15,862	15,813	15,681	15,687	15,696	15,601	15,558	15,231	15,312	14,943	14,563	14,129	13,630	13,406	13,206	13,131	12,908	12,731	12,700	12,465	12,257	12,089	11,845	11,631	11,358	11,119	0	0	0
Data processing
4,430	4,130	3,821	3,573	3,588	3,478	3,323	3,292	3,255	3,298	3,412	3,429	3,359	3,297	3,304	3,199	3,123	3,027	2,874	2,811	2,702	2,609	2,457	2,381	2,413	2,414	2,387	2,364	2,302	2,239	2,166	2,132	2,048	1,985	1,934	1,904	0	0	0
Occupancy expenses, net
2,368	2,275	2,161	2,171	2,112	2,008	1,962	1,953	1,969	2,018	2,048	1,970	1,903	1,962	1,942	1,907	1,967	1,889	1,903	1,855	1,737	1,680	1,553	1,545	1,535	1,471	1,496	1,500	1,508	1,462	1,380	1,368	1,342	1,377	1,416	1,431	0	0	0
FDIC insurance assessments
-	193	290	388	398	404	408	420	429	427	432	429	480	540	595	655	661	680	675	670	666	645	644	654	663	661	692	677	670	664	609	579	620	738	876	1,025	0	0	0
Professional fees
1,708	1,753	1,517	1,554	1,526	1,482	1,436	1,320	1,279	1,231	1,208	1,197	1,209	1,178	1,212	1,262	1,249	1,274	1,262	1,248	1,284	1,274	1,238	1,218	1,137	1,127	1,143	1,133	1,179	1,224	0	0	0	-	-	-	-	-	-
Business development
1,237	1,242	1,172	1,190	1,180	1,166	1,131	1,065	1,049	1,033	1,043	1,020	1,018	1,016	1,040	1,055	1,066	1,064	1,097	1,145	1,128	1,103	1,034	987	974	957	990	943	951	941	0	0	0	-	-	-	-	-	-
Other real estate owned (income) expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-172	-79	-92	446	613	2,108	2,192	1,649	1,502	-2	3	657	651	664	709	379	482	724	812	0	-	0	0	-	-	-
Intangible asset amortization
663	609	591	562	506	430	355	350	358	369	375	372	371	368	368	385	403	421	439	413	365	317	269	258	265	273	281	289	270	196	122	49	0	-	0	0	-	-	-
Data conversion costs
-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New market tax credit projects amortization
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other operating expenses, net
1,151	1,058	1,034	942	1,044	943	878	873	951	1,031	1,124	1,181	1,088	1,056	1,085	1,061	1,131	1,109	1,107	1,185	1,085	1,110	1,069	1,004	1,035	989	1,049	1,075	1,120	1,126	-349	87	461	878	2,678	2,736	0	0	0
Total noninterest expense
33,114	31,521	29,549	29,061	28,557	27,965	26,815	26,123	25,809	25,404	25,422	25,238	24,959	24,934	25,166	25,036	25,607	25,312	26,782	26,466	25,183	24,373	21,895	21,459	21,888	21,678	21,614	21,426	21,083	20,802	20,015	19,844	19,110	18,851	18,718	18,481	0	0	0
Income before income taxes
20,011	21,041	21,556	22,137	21,704	21,419	21,750	21,748	21,249	21,281	21,414	21,462	22,320	22,539	22,272	22,336	21,134	20,821	19,508	18,863	19,550	20,866	21,215	21,098	20,127	18,611	18,711	18,930	19,002	18,929	18,977	18,645	18,558	18,471	18,590	17,888	0	0	0
Provision for income taxes
3,500	3,847	4,458	4,622	4,490	4,406	6,251	6,780	7,125	7,584	6,378	6,551	6,782	6,804	6,647	6,414	5,947	5,806	5,270	4,993	5,190	5,615	5,725	5,628	5,233	4,657	4,666	4,736	4,776	4,747	4,648	4,588	4,566	4,550	4,733	4,495	0	0	0
Net income
16,511	17,194	17,097	17,514	17,214	17,013	15,499	14,968	14,123	13,697	15,035	14,910	15,537	15,734	15,625	15,921	15,186	15,014	14,238	13,869	14,360	15,251	15,489	15,470	14,893	13,953	14,045	14,194	14,225	14,182	14,328	14,057	13,991	13,920	13,857	13,393	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Fiduciary and Trust [Member]
Noninterest income
3,673	3,596	3,471	3,490	3,378	3,344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service [Member]
Noninterest income
1,689	1,619	1,546	1,509	1,457	1,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Noninterest income
1,590	1,525	1,511	1,498	1,478	1,427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-