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Note 18 - Ames National Corporation (Parent Company Only) Financial Statements (Tables)

12 Months Ended

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	)