Ames National (Ames National) Scaled Net Operating Assets : -0.24 (As of Dec. 2023)

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What is Ames National Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ames National's operating assets for the quarter that ended in Dec. 2023 was $1,355.09 Mil. Ames National's operating liabilities for the quarter that ended in Dec. 2023 was $1,879.11 Mil. Ames National's Total Assets for the quarter that ended in Sep. 2023 was $2,154.05 Mil. Therefore, Ames National's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.24.

Ames National Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ames National's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2091.476	-	1879.105)	/	2134.926
=	0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2155.481	-	64.005
=	2091.476

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1989.693	-	110.588	-	0
=	1879.105

Ames National's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1355.087	-	1879.105)	/	2154.051
=	-0.24

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2155.481	-	800.394
=	1355.087

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1989.693	-	110.588	-	0
=	1879.105

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ames National (Ames National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ames National Corp (NAS:ATLO) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 5th Street, Box 846, Ames, IA, USA, 50010

Website

https://www.amesnational.com

Ames National Corporation is a United States-based bank holding company. Through its subsidiaries, it provides checking, savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit of payroll and social security checks, and automated/video teller machine access. Its loan portfolio comprises commercial, residential & agricultural real estate loans; agricultural & business operating loans & lines of credit; equipment loans; vehicle loans; personal loans; and mortgage loans. Its operations are conducted primarily in central, north central, and south-central Iowa.

Executives

Michelle R Cassabaum	director	PO BOX 846, AMES IA 50010
Jeffrey K Putzier	other: President of Subsidiary Bank	POST OFFICE BOX 846, AMES IA 50010
John Patrick Nelson	officer: Vice President	POST OFFICE BOX 846, AMES IA 50010
Scott T Bauer	other: Ex VP of Subsidiary bank	PO BOX 846, AMES IA 50010
Patrick G Hagan	director	PO BOX 846, AMES IA 50010
Kevin L Swartz	director	PO BOX 846, AMES IA 50010
Betty A Baudler	director	PO BOX 846, AMES IA 50010
Larson James R Ii	director	3321 RIDGETOP RD, AMES IA 50014
Adam Snodgrass	other: President of subsidiary bank	PO BOX 846, AMES IA 50010
John L Pierschbacher	officer: Controller	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVE PO BOX 1237, FORT DODGE IA 50501
Robert A Thomas	other: President of subsidiary bank	PO BOX 846, AMES IA 50010
Lisa M Eslinger	director	PO BOX 846, AMES IA 50014
Jeffery C Baker	director	PO BOX 846, AMES IA 50010
David W. Benson	director	PO BOX 846, AMES IA 50010
Dan E Johnson	other: President of subsidiary bank	PO BOX 846, AMES IA 50010