EXHIBIT 21
SUBSIDIARIES OF COMPANY
Parent
Ames National Corporation
| Subsidiaries (1) | Percentage of Ownership |
| 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 Co., Marshalltown, Iowa, an Iowa State Bank | 100% |
| Iowa State Savings Bank, Creston, Iowa, an Iowa State Bank | 100% |
Note:
|
(1) |
The operations of Ames National Corporation’s six wholly owned subsidiaries are included in the financial statements set forth in this Form 10-K. |