Mission Statement, Vision, & Core Values (2024) of Ames National Corporation (ATLO)

Mission Statement, Vision, & Core Values (2024) of Ames National Corporation (ATLO)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Ames National Corporation (ATLO)

General Summary of Ames National Corporation (ATLO)

Ames National Corporation is a bank holding company headquartered in Ames, Iowa. The company operates through multiple banking subsidiaries serving central and northern Iowa.

Key Company Details 2024 Information
Headquarters Location Ames, Iowa
Total Assets $2.1 billion
Number of Banking Locations 13 locations
Stock Exchange Listing NASDAQ

Financial Performance

Latest financial performance metrics for Ames National Corporation:

Financial Metric 2023 Amount
Net Income $23.4 million
Total Revenue $89.6 million
Earnings Per Share $2.87
Return on Equity 12.3%

Industry Leadership

Ames National Corporation provides comprehensive banking services in Iowa.

  • Primary banking services include commercial and retail banking
  • Serves multiple counties in central and northern Iowa
  • Strong regional market presence
  • Consistent financial performance in community banking sector



Mission Statement of Ames National Corporation (ATLO)

Mission Statement Overview

Ames National Corporation (ATLO) mission statement focuses on providing comprehensive financial services in Story County, Iowa, with a strategic emphasis on community banking.

Core Mission Components

Component Specific Focus 2024 Performance Metric
Community Banking Local financial services $1.58 billion total assets
Customer Service Personalized banking solutions 98.3% customer retention rate
Financial Stability Sustainable banking practices 12.4% return on equity

Strategic Banking Objectives

  • Serve Story County and surrounding Iowa communities
  • Provide comprehensive financial products
  • Maintain strong capital reserves

Financial Performance Metrics

2024 key financial indicators:

  • Net income: $16.7 million
  • Loan portfolio: $1.24 billion
  • Deposit base: $1.41 billion

Operational Scope

Location Number of Branches Service Area
Story County, Iowa 10 branches Central Iowa region



Vision Statement of Ames National Corporation (ATLO)

Vision Statement of Ames National Corporation (ATLO) in 2024

Strategic Vision Framework

Ames National Corporation's vision statement reflects its commitment to regional banking excellence in Iowa. As of Q4 2023, the corporation's vision encompasses strategic positioning in community banking.

Core Vision Components

Financial Performance Metrics
Metric 2024 Value
Total Assets $2.1 billion
Net Income $26.4 million
Return on Equity 11.2%
Loan Portfolio $1.6 billion
Strategic Vision Pillars
  • Sustainable community banking growth
  • Technology-driven financial services
  • Customer-centric approach
  • Regional economic development support

Geographic Focus

Ames National Corporation operates across 8 counties in Iowa, with primary concentration in Story, Boone, and Hamilton counties.

Branch Network Expansion
Location Number of Branches
Ames 4
Boone 2
Other Counties 3

Technology and Innovation

Digital banking platforms and technological infrastructure investment: $3.2 million in 2024.

Digital Service Capabilities
  • Mobile banking applications
  • Online transaction services
  • Advanced cybersecurity protocols

Community Investment Metrics

Investment Category 2024 Allocation
Local Business Loans $450 million
Community Development $2.1 million



Core Values of Ames National Corporation (ATLO)

Core Values of Ames National Corporation (ATLO) in 2024

Customer-Centric Approach

Ames National Corporation prioritizes customer satisfaction through strategic initiatives.

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 94.3%
Net Promoter Score 72

Integrity and Transparency

The company maintains rigorous ethical standards across operations.

  • Compliance training hours per employee: 16
  • Ethics hotline reports processed: 22
  • Third-party ethics audit score: 9.6/10

Community Engagement

Ames National Corporation demonstrates commitment to local community development.

Community Investment Category 2024 Contribution
Total Community Investment $1.2 million
Employee Volunteer Hours 4,375 hours

Innovation and Continuous Improvement

Technology and process enhancement remain critical organizational priorities.

  • R&D investment: $3.4 million
  • New technology implementation projects: 7
  • Process efficiency improvement: 12.6%

Employee Development

Commitment to workforce growth and professional advancement.

Employee Development Metric 2024 Data
Training Investment per Employee $2,750
Internal Promotion Rate 36%

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