SEC Filing Summary: Ames National Corp (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Ames National Corp to the U.S. Securities and Exchange Commission. The reporting period covers holdings as of March 31, 2026. As a Form 13F, this document discloses the equity securities held by the company (acting as an institutional investment manager) rather than reporting the company's own operating financial results.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of equity securities and exchange-traded funds (ETFs). Key metrics include:
- Total Holdings: The portfolio consists of approximately 100 distinct positions across individual equities and ETFs.
- Top Equity Holdings (by Value):
- iShares Core S&P 500 Index: ~$41.5 million (combined sole and shared discretion).
- Microsoft: ~$5.86 million.
- Apple: ~$4.49 million.
- Alphabet (Class C): ~$2.74 million.
- Ames National Corp (Self-Holding): ~$1.31 million.
- Fixed Income/ETF Exposure: Significant allocation to bond ETFs, including Vanguard Short-Term Bond (~$12.79 million) and iShares Core US Aggregate Bond (~$12.29 million).
- Voting Authority: The company reports voting authority for all listed positions, split between "Sole," "Shared," and "None" discretion categories.
Material Changes
Not Applicable. This filing is a snapshot of holdings as of the reporting date. The provided text does not contain comparative data from the prior quarter to calculate material changes in position size or value.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are regulatory disclosures of past holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding the company's future operations.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio to assess the scale of assets under management.
- Confirm the specific breakdown of "Sole" vs. "Shared" voting authority for major positions like Microsoft and Apple.
- Review the concentration risk in the top 5 holdings (Microsoft, Apple, iShares S&P 500, Alphabet, Ames National).
- Check subsequent filings to determine if the self-holding in Ames National Corp (46,557 shares total) has changed.
- Note that the filing date (March 31, 2026) is in the future relative to the current real-time date; verify the accuracy of the reporting period if this is a simulation or projection.