Ames National Corporation · NASDAQ:ATLO
Ames National — Investor Presentation (December 2025)
25 slides from Ames National's investor presentation, December 2025
Slide 1: Investor Presentation
Investor Presentation December 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides the Company with the opportunity to make cautionary statements regarding forward-looking statements in this presentation, including forward-looking statements concerning the Company’s future performance and asse
Slide 3: Company Overview: Market & Financial Data
Market Data: Financial Data: Stock Price: $22.96 Total Assets $2.1 billion Company Price Range $19.56-$24.36 Loans, net $1.3 billion Overview Market Capitalization (M) $203.4 Deposits $1.9 billion Market & Financial Data Shares Outstanding (M) 8.9 Net Income $6.5 million ATLO – NASDAQ Avg. Daily Vol
Slide 4: Company Overview: Management
Management: John Nelson, President & Chief Executive Officer. Mr. Nelson has served as President and CEO of Ames National Corporation since June 2018. Previously, he held roles as the CFO, Secretary and Treasurer. He joined Ames National Corporation in 1993 after being employed as a Commissioned Ban
Slide 5: Background
1903 – Formation of First National Bank, Ames, Iowa 1975 – Ames National Corporation (ANC), an Iowa-based bank holding company was organized and incorporated, under the laws of the State of Iowa to serve as a holding company for First National Bank. Background 1983 – The Company acquired State Bank
Slide 6: Affiliate Banks
AFFILIATE BANKS Ames National Corporation, ) BOONE Dae RELIANCE st FIRST 1 NATIONAL BANK =a UNITED BANK & TrusT iowa Is a.) Gy SraTE BANK SB = & Trust Co.
Slide 7: Vision, Mission and Core Values
VISION STATEMENT To be one of the best performing Locally Empowered, and community banking Team Member Driven. organizations in the Midwest. MISSION STATEMENT Customer Focused, CORE VALUES Ames National Corporation's foundation is built on these values which guide our actions. EXCELLENCE +: INTEGRIT
Slide 8: 2023-2026 ANC Strategic Priorities
GROWTH AND PERFORMANCE We will proactively focus on organic growth across profitable lines of business while also pursuing targeted acquisition opportunities, all with the objective of building shareholder value. 2023-2026 ANC STRATEGIC PRIORITIES EFFICIENCY We will redefine efficiency in our proces
Slide 9: Net Income & Earnings Per Share
Net Income & Earnings Per Share 9
Slide 10: Net Interest Income Quarterly Update
Net Interest Income • Earning Asset Yields increased in Q4 2025 29 basis points compared to Q4 2024 due to higher Quarterly yields on loans and investments Update • Cost of interest-bearing liabilities declined 40 basis points in Q4 2025 compared to Q4 2024 driven by declining market rates and reduc
Slide 11: Assets
Assets Average Balances ($ in millions) 11
Slide 12: Loans
Loans Average Balances ($ in millions) 12
Slide 13: Loan Composition
Loan Composition As of December 31, 2025 13
Slide 14: Asset Quality: Classified Assets
Classified Assets ($ in thousands) Asset ($ in thousands) Quality Classified Assets including Other Real Estate Owned to % of Total Assets 14
Slide 15: Classified Assets
Classified Assets As of December 31, 2025 ($ in thousands) 15
Slide 16: Asset Quality: Non-Performing Assets
Non-Performing Assets ($ in thousands) Asset Quality Non-Performing Assets to % of Total Assets % of % of % of Total Total Total Assets Assets Assets 0.29% 0.52% 0.79% 16
Slide 17: Asset Quality: Net Charge-Offs (Recoveries)
Net Charge Offs (Recoveries) ($ in thousands) Asset Quality Net Charge-Offs (Recoveries) 17
Slide 18: Deposits
Deposits Average Balances ($ in millions) 18
Slide 19: Deposit Composition
Deposit Composition As of December 31, 2025 19
Slide 20: 2025 Sources of Noninterest Income
2025 Sources of Noninterest Income ($ in thousands) 20
Slide 21: ROAA & ROAE Quarterly Update
ROAA & ROAE Quarterly Update 21
Slide 22: Capital: Stockholder's Equity
Capital Stockholder’s Equity 22
Slide 23: Capital Summary
Capital strategy is to maintain and grow capital levels, while monitoring opportunities for organic growth and growth through M&A activity. Stock Repurchase Plans Capital ANC has periodically implemented stock repurchase plans. Purchases of 91,890 shares, and 43,057 shares were completed in 20
Slide 24: Appendix: Key Performance Indicator Definitions
Return on Assets This ratio is calculated by dividing net income by average assets. It is used to measure how effectively the assets of the Company are being utilized in generating income. Return on Equity Appendix This ratio is calculated by dividing net income by average equity. It is used to
Slide 25: Appendix: Non-GAAP Financial Measures
This presentation contains references to financial measures that are not defined in GAAP. Such non-GAAP financial measures include the Company’s presentation of net interest income and net interest margin on a fully taxable equivalent (FTE) basis. Management believes these non-GAAP financial measure
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