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Note 18 - Ames National Corporation (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 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 Income Statement [Table Text Block] |
|  | 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 Cash Flow Statement [Table Text Block] |
|  | 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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