Ames National Corp.
Ames National Corporation is a multi-bank holding company headquartered in Ames, Iowa. Established in 1975, it serves as the parent company for six central Iowa banks operating across 11 communities and 18 branch locations. It is listed on NASDAQ (ATLO) and is recognized as the 6th largest Iowa-based commercial bank holding company based on total deposits, with more than $2.1 billion in assets as of December 2023. Ames National employs a locally empowered, team-driven approach, focuses on enhancing the financial well-being of both customers and shareholders, and provides banking products and services primarily in central Iowa.
Investment Strategy
Ames National Corporation manages a network of locally operated banks and emphasizes a customer-focused, team-driven approach. Their strategy is centered around fiscal responsibility, stability, continual innovation, and responsible growth. The company invests in community development through lending, charitable giving, and promoting access to affordable housing, aiming to bolster local economic opportunities and financial futures. Its investment philosophy values capital appreciation, passive income, portfolio diversification, shareholder influence, and strong management with a focus on social responsibility.
Top Holdings
Equity Positions (64)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IVV | iShares Core S&P 500 Index | 22.20% | $34.3M | 55,284 | $588.35 | $620.90 | +$4.1M |
B BSV | Vanguard Short-Term Bond | 7.01% | $10.8M | 137,754 | $77.32 | $78.70 | -$473.0K |
B BND | Vanguard Total Bond Market | 6.74% | $10.4M | 141,555 | $72.00 | $73.63 | -$517.3K |
A AGG | iShares Core US Aggregate Bond | 6.73% | $10.4M | 104,836 | $97.00 | $99.20 | -$511.7K |
M MSFT | Microsoft | 5.54% | $8.6M | 17,226 | $421.39 | $497.41 | +$1.5M |