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Note 18 - Ames National Corporation (Parent Company Only) Financial Statements | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 18. Ames National Corporation (Parent Company Only) Financial Statements Information relative to the Parent Company’s balance sheets as of December 31, 2023 and 2022, and statements of income and cash flows for each of the years in the two-year period ended December 31, 2023, is as follows (in thousands):
CONDENSED BALANCE SHEETS
December 31, 2023 and 2022
|  | 2023 |  |  | 2022 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 124 |  |  | $ | 96 |
Interest-bearing deposits in banks |  |  | 1,783 |  |  |  | 3,511 |
Total cash and cash equivalents |  |  | 1,907 |  |  |  | 3,607 |
Investment in bank subsidiaries |  |  | 166,756 |  |  |  | 148,827 |
Loans receivable, net |  |  | 906 |  |  |  | 1,084 |
Premises and equipment, net |  |  | 2,793 |  |  |  | 2,378 |
Accrued income receivable |  |  | 1 |  |  |  | 2 |
Other assets |  |  | 103 |  |  |  | 70 |
Total assets |  | $ | 172,466 |  |  | $ | 155,968 |
LIABILITIES |  |  |  |  |  |  |  |
Borrowings |  | $ | 3,488 |  |  | $ | 3,700 |
Dividends payable |  |  | 2,428 |  |  |  | 2,428 |
Accrued expenses and other liabilities |  |  | 762 |  |  |  | 742 |
Total liabilities |  |  | 6,678 |  |  |  | 6,870 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Common stock |  |  | 17,984 |  |  |  | 17,984 |
Additional paid-in capital |  |  | 14,253 |  |  |  | 14,253 |
Retained earnings |  |  | 180,438 |  |  |  | 179,931 |
Accumulated other comprehensive (loss) |  |  | (46,887 | ) |  |  | (63,070 | )
Total stockholders' equity |  |  | 165,788 |  |  |  | 149,098 |
Total liabilities and stockholders' equity |  | $ | 172,466 |  |  | $ | 155,968 |
CONDENSED STATEMENTS OF INCOME
Years Ended December 31, 2023 and 2022
|  | 2023 |  |  | 2022 |
Operating income: |  |  |  |  |  |  |  |
Equity in net income of bank subsidiaries |  | $ | 12,355 |  |  | $ | 20,282 |
Interest income |  |  | 56 |  |  |  | 58 |
Rental income |  |  | 398 |  |  |  | 390 |
Other income |  |  | 2,532 |  |  |  | 2,330 |
|  |  | 15,341 |  |  |  | 23,060 |
Credit loss (benefit) |  |  | (3 | ) |  |  | (11 | )
Operating income after credit loss (benefit) |  |  | 15,344 |  |  |  | 23,071 |
Interest expense |  |  | 127 |  |  |  | 76 |
Operating expense |  |  | 4,809 |  |  |  | 3,965 |
|  |  | 4,936 |  |  |  | 4,041 |
Income before income taxes |  |  | 10,408 |  |  |  | 19,030 |
Income tax (benefit) |  |  | (409 | ) |  |  | (263 | )
Net income |  | $ | 10,817 |  |  | $ | 19,293 |
CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31, 2023 and 2022
|  | 2023 |  |  | 2022 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net income |  | $ | 10,817 |  |  | $ | 19,293 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Depreciation |  |  | 96 |  |  |  | 96 |
Credit loss (benefit) |  |  | (3 | ) |  |  | (11 | )
Provision (credit) for deferred income taxes |  |  | (15 | ) |  |  | (20 | )
Equity in net income of bank subsidiaries |  |  | (12,355 | ) |  |  | (20,282 | )
Dividends received from bank subsidiaries |  |  | 10,010 |  |  |  | 10,160 |
Decrease in accrued income receivable |  |  | 1 |  |  |  | - |
(Increase) in other assets |  |  | (33 | ) |  |  | (12 | )
Increase in accrued expense and other liabilities |  |  | 36 |  |  |  | 15 |
Net cash provided by operating activities |  |  | 8,554 |  |  |  | 9,239 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |
Decrease in loans |  |  | 181 |  |  |  | 654 |
Purchase of premises and equipment |  |  | (511 | ) |  |  | - |
Net cash provided by (used in) investing activities |  |  | (330 | ) |  |  | 654 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 400 |  |  |  | 4,000 |
Payments of long-term borrowings |  |  | (612 | ) |  |  | (300 | )
Dividends paid |  |  | (9,712 | ) |  |  | (9,675 | )
Stock repurchases |  |  | - |  |  |  | (2,300 | )
Net cash (used in) financing activities |  |  | (9,924 | ) |  |  | (8,275 | )
Net increase (decrease) in cash and cash equivalents |  |  | (1,700 | ) |  |  | 1,618 |
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |  |
Beginning |  |  | 3,607 |  |  |  | 1,989 |
Ending |  | $ | 1,907 |  |  | $ | 3,607 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |  |  |  |  |  |  |
Cash payments (receipts) for: |  |  |  |  |  |  |  |
Interest paid |  | $ | 127 |  |  | $ | 70 |
Income taxes |  |  | (421 | ) |  |  | (253 | )

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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