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First National Bank Ames, Iowa

Ames, IA · Cert 1545 · Ames National Corp.

National charter · OCC · 5 affiliate banks · 9 branches (19 in holding)

Q2 2026

$1.1BAssets
$661.6MLoans
$955.6MDeposits
$104.9MEquity
Loan mix
95%RE $637.3M4%C&I $26.0M1%Consumer $4.3MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $749.4M22%Noninterest $206.1MQ2 2025Q2 2026

NIM

3.41%Q2 ’243.73%Q2 ’254.16%Q2 ’26+41%+26%

Non-interest income vs. expense

1.85%Q2 ’241.86%Q2 ’251.90%Q2 ’26-3%+4%

Market Position · Ames, IA · 2026 SOD (annual) · 17.6% share · #1 of 26 inst. · $0.7B of $3.8B

21.7% Story
0.6% Polk
32.3% Clarke
0.0% Dallas

Executive Summary

  • Earnings: ROA of 1.30%, up 35 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 1.41% of loans (-23 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.86%, up 21 bps from a year ago.
  • Funding: loans stand at 69.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.30%+35 bps YoY

Net Interest Margin (quarter, annualized)

2.91%+61 bps YoY

Efficiency Ratio (quarter, annualized)

53.57%-953 bps YoY

Tier 1 Leverage Ratio

9.86%+21 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%0.82%1.51%1.17%1.30%+35 bps
Return on Equity10.86%8.81%15.92%12.42%13.76%+289 bps
Net Interest Margin2.30%2.51%2.74%2.76%2.91%+61 bps
Efficiency Ratio63.10%61.14%56.77%56.97%53.57%-953 bps
Non-Interest Burden1.23%1.32%1.17%1.30%1.28%+5 bps
Growth
Asset Growth (YoY)-3.96%-2.05%0.17%-2.22%4.70%+866 bps
Loan Growth (YoY)-1.59%-1.84%-1.17%-2.59%-2.12%-53 bps
Deposit Growth (YoY)-1.83%1.07%-0.42%-3.33%4.05%+588 bps
Asset Quality
Nonperforming Loans / Loans1.63%1.98%1.43%1.41%1.41%-23 bps
Net Charge-Offs / Loans0.65%-0.21%-0.44%0.00%0.00%-65 bps
Allowance / Loans1.24%1.36%1.34%1.32%1.32%+9 bps
Allowance Coverage of NPLs0.8x0.7x0.9x0.9x0.9x+0.2x
Capital
Tier 1 Leverage Ratio9.66%10.04%9.93%9.85%9.86%+21 bps
Total Risk-Based Capital15.04%15.18%15.51%15.83%16.21%+117 bps
Equity / Assets9.19%9.48%9.43%9.44%9.44%+26 bps
Liquidity & Funding
Loans / Deposits73.60%74.33%71.42%71.84%69.24%-436 bps
Liquid Assets / Assets1.86%2.74%6.06%3.27%4.64%+278 bps
CRE / Total Capitaln/a411%402%387%n/an/a