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Note 17 - Ames National Corporation (Parent Company Only) Financial Statements | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 17. Ames National Corporation (Parent Company Only) Financial Statements Information relative to the Parent Company’s balance sheets as of December 31, 2021 and 2020, and statements of income and cash flows for each of the years in the two-year period ended December 31, 2021, is as follows (in thousands):
CONDENSED BALANCE SHEETS
December 31, 2021 and 2020
|  | 2021 |  |  | 2020 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 99 |  |  | $ | 32 |
Interest-bearing deposits in banks |  |  | 1,890 |  |  |  | 2,556 |
Total cash and cash equivalents |  |  | 1,989 |  |  |  | 2,588 |
Investment in bank subsidiaries |  |  | 204,638 |  |  |  | 202,535 |
Loans receivable, net |  |  | 1,727 |  |  |  | 1,842 |
Premises and equipment, net |  |  | 2,474 |  |  |  | 2,844 |
Accrued income receivable |  |  | 2 |  |  |  | 6 |
Other assets |  |  | 58 |  |  |  | 171 |
Total assets |  | $ | 210,888 |  |  | $ | 209,986 |
LIABILITIES |  |  |  |  |  |  |  |
Dividends payable |  | $ | 2,364 |  |  | $ | - |
Accrued expenses and other liabilities |  |  | 746 |  |  |  | 499 |
Total liabilities |  |  | 3,110 |  |  |  | 499 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Common stock |  |  | 18,184 |  |  |  | 18,245 |
Additional paid-in capital |  |  | 16,353 |  |  |  | 17,002 |
Retained earnings |  |  | 170,377 |  |  |  | 158,217 |
Accumulated other comprehensive income |  |  | 2,864 |  |  |  | 16,023 |
Total stockholders' equity |  |  | 207,778 |  |  |  | 209,487 |
Total liabilities and stockholders' equity |  | $ | 210,888 |  |  | $ | 209,986 |
CONDENSED STATEMENTS OF INCOME
Years Ended December 31, 2021 and 2020
|  | 2021 |  |  | 2020 |
Operating income: |  |  |  |  |  |  |  |
Equity in net income of bank subsidiaries |  | $ | 24,918 |  |  | $ | 19,413 |
Interest income |  |  | 79 |  |  |  | 101 |
Rental income |  |  | 432 |  |  |  | 432 |
Other income |  |  | 2,252 |  |  |  | 2,187 |
|  |  | 27,681 |  |  |  | 22,133 |
Provision (credit) for loan losses |  |  | (5 | ) |  |  | - |
Operating income after provision (credit) for loan losses |  |  | 27,686 |  |  |  | 22,133 |
Operating expenses |  |  | 3,593 |  |  |  | 3,496 |
Income before income taxes |  |  | 24,093 |  |  |  | 18,637 |
Income tax (benefit) |  |  | 180 |  |  |  | (213 | )
Net income |  | $ | 23,913 |  |  | $ | 18,850 |
CONDENSED STATEMENTS OF CASH FLOWS |
Years Ended December 31, 2021 and 2020 |
|  | 2021 |  |  | 2020 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net income |  | $ | 23,913 |  |  | $ | 18,850 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Depreciation |  |  | 98 |  |  |  | 97 |
Credit for loan losses |  |  | (5 | ) |  |  | - |
Provision (credit) for deferred income taxes |  |  | 342 |  |  |  | (60 | )
Equity in net income of bank subsidiaries |  |  | (24,918 | ) |  |  | (19,413 | )
Dividends received from bank subsidiaries |  |  | 9,656 |  |  |  | 9,599 |
Decrease in accrued income receivable |  |  | 4 |  |  |  | - |
(Increase) decrease in other assets |  |  | 285 |  |  |  | (4 | )
Increase (decrease) in accrued expense and other liabilities |  |  | 23 |  |  |  | (48 | )
Net cash provided by operating activities |  |  | 9,398 |  |  |  | 9,021 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |
Decrease in loans |  |  | 120 |  |  |  | 107 |
Investments in bank subsidiary |  |  | - |  |  |  | (310 | )
Purchase of premises and equipment |  |  | (18 | ) |  |  | (292 | )
Net cash provided by (used in) investing activities |  |  | 102 |  |  |  | (495 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |
Dividends paid |  |  | (9,389 | ) |  |  | (9,072 | )
Stock repurchases |  |  | (710 | ) |  |  | (1,992 | )
Net cash (used in) financing activities |  |  | (10,099 | ) |  |  | (11,064 | )
Net increase (decrease) in cash and cash equivalents |  |  | (599 | ) |  |  | (2,538 | )
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |  |
Beginning |  |  | 2,588 |  |  |  | 5,126 |
Ending |  | $ | 1,989 |  |  | $ | 2,588 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |  |  |  |  |  |  |
Cash receipts for income taxes |  | $ | 178 |  |  | $ | 173 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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