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Note 17 - Ames National Corporation (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 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 Income Statement [Table Text Block] |
|  | 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 Cash Flow Statement [Table Text Block] |
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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