Ames National (Ames National) Financial Strength : 4 (As of Dec. 2023)

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What is Ames National Financial Strength?

Ames National has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Ames National's interest coverage with the available data. Ames National's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.09. Altman Z-Score does not apply to banks and insurance companies.

Ames National Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Ames National's Interest Expense for the months ended in Dec. 2023 was $-8.89 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $110.59 Mil.

Ames National's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Ames National's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	110.588)	/	53.004
	=	2.09

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Ames National (NAS:ATLO) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Ames National has the Financial Strength Rank of 4.

Ames National Financial Strength Related Terms

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Ames National (Ames National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ames National Corp (NAS:ATLO) » Definitions » Financial Strength

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