EX-21 3 ex_232171.htm EXHIBIT 21

Exhibit 21

SUBSIDIARIES OF COMPANY

Parent

Ames National Corporation

Subsidiaries (1) |  | Percentage of Ownership |
|  |  | 100% |
First National Bank, Ames, Iowa, a National Bank |  |  | 100% |
Boone Bank and Trust Co., Boone, Iowa, an Iowa State Bank |  |  | 100% |
State Bank & Trust Co., Nevada, Iowa, an Iowa State Bank |  |  | 100% |
Reliance State Bank, Story City, Iowa, an Iowa State Bank |  |  | 100% |
United Bank & Trust NA, Marshalltown, Iowa, a National Bank |  |  | 100% |
Iowa State Savings Bank, Creston, Iowa, an Iowa State Bank |  |  | 100% |

Note:

| (1) | The operation of Ames National Corporation’s six wholly owned subsidiaries are included in the financial statements set forth in this Form 10-K.