Ames National Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2019. For the quarter, the company reported total interest income of $15,396,065 against $13,473,355 a year ago. Net interest income was $12,533,625 against $11,140,484 a year ago. Net income was $4,297,980 against $4,201,028 a year ago. Basic and diluted earnings per share were $0.47 against $0.45 a year ago.

For the full year, the company reported total interest income of $56,177,493 against $49,726,963 a year ago. Net interest income was $45,248,144 against $42,123,767 a year ago. Net income was $17,194,169 against $17,013,878 a year ago. Basic and diluted earnings per share were $1.86 against $1.83 a year ago.

The company is forecasting earnings for the year ending December 31, 2020 in the range of $1.93 to $1.98 per share compared to $1.86 per share earned for the year ended December 31, 2019.

Net loan charge offs totaled $84,000 for the quarter ended December 31, 2019 compared to $51,000 for the quarter ended December 31, 2018.